DoubleVerify Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2021

6. Property, Plant and Equipment, net

Property, plant and equipment, net, including equipment under capital lease obligations and capitalized software development costs, consists of the following:


	As of December 31,
(in thousands)	2021		2020
Computers and peripheral equipment	$	18,883	$	14,577
Office furniture and equipment		1,102		1,124
Leasehold improvements		9,354		9,267
Capitalized software development costs		15,007		8,382
Less accumulated depreciation and amortization		(26,771)		(15,243)
Total property, plant and equipment, net	$	17,575	$	18,107

For the years ended December 31, 2021, 2020, and 2019 total depreciation expense was $11.5 million, $6.7 million and $4.7 million, respectively.

Property and equipment financed through capital lease obligations, consisting of computer equipment, totaled $12.3 million and $10.7 million as of December 31, 2021 and 2020, respectively. As of December 31, 2021 and 2020, accumulated depreciation related to property and equipment financed through capital leases totaled $10.0 million and $7.6 million, respectively, refer to Note 14, Commitments and Contingencies.