DoubleVerify Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

Property, Plant and Equipment

3 Months Ended

Mar. 31, 2022

6. Property, Plant and Equipment

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


	As of
(in thousands)	March 31, 2022		December 31, 2021
Computers and peripheral equipment	$	18,948	$	18,883
Office furniture and equipment		494		1,102
Leasehold improvements		8,428		9,354
Capitalized software development costs		16,593		15,007
Less accumulated depreciation and amortization		(25,311)		(26,771)
Total property, plant and equipment, net	$	19,152	$	17,575

For the three months ended March 31, 2022 and March 31, 2021, total depreciation expense was $2.7 million and $2.6 million, respectively.

Property and equipment under finance lease obligations, consisting of computer equipment, totaled $12.3 million and $12.3 million on March 31, 2022 and December 31, 2021, respectively. As of March 31, 2022 and December 31, 2021, accumulated depreciation related to property and equipment under finance lease obligations totaled $10.3 million and $10.0 million, respectively. Refer to Note 7, Leases.