Property and equipment, net as of March 31, 2024 and December 31, 2023 consisted of the following (in thousands):


	March 31, 2024			December 31, 2023
Furniture and equipment	$	26,673		$	26,576
Capitalized software for internal use, acquired by business combination		232,361			232,505
Capitalized software for internal use, developed internally or otherwise purchased		93,525			86,704
Leasehold improvements		2,810			2,275
Total property and equipment		355,369			348,060
Less: accumulated depreciation and amortization		(284,017	)		(268,619	)
Property and equipment, net	$	71,352		$	79,441

Depreciation and amortization expense of property and equipment was approximately $15.5 million and $16.4 million for the three months ended March 31, 2024 and 2023, respectively.