Company: LPSN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001102993-25-000053
Chunk: 88

Company: LIVEPERSON INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 88
---
 and amortization is calculated using the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized using the straight-line method over the shorter of the lease term or the estimated useful life of the 

17

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

asset. The Company reviews the estimated useful lives of its property and equipment on an annual basis. The following table presents the detail of property and equipment, net as of the dates presented:Useful lifeMarch 31,2025December 31,2024(In years)(In thousands)Computer equipment and software3 to 5$135,475 $134,647 Internal-use software development costs5180,065 176,725 Finance lease right-of-use assets2— 62 Furniture, equipment and building improvementsThe lesser of 5 or estimated useful life238 234 Property and equipment, at cost315,778 311,668 Less: accumulated depreciation(217,462)(211,111)Property and equipment, net $98,316 $100,557 Depreciation and amortization expense of property and equipment was $5.6 million and $8.2 million during the three months ended March 31, 2025 and 2024, respectively. There were no impairments of property and equipment during the three months ended March 31, 2025 and 2024.Expenditures for routine maintenance and repairs are charged to operating expense as incurred. Major renewals and improvements are capitalized and depreciated over their estimated useful lives.

Note 7. Accrued Expenses and Other Current Liabilities

 The following table presents the detail of accrued expenses and other current liabilities as of the dates presented:March 31,2025December 31,2024(In thousands)Professional services and consulting and other vendor fees$27,557 $30,302 Payroll and other employee-related costs9,397 10,061 Warrants liability (Note 9)8,674 17,498 Accrued interest6,688 998 Restructuring (Note 12)1,206 3,028 Non-income tax559 644 Sales commissions1,882 2,207 Other1,320 1,844 Total accrued expenses and other current liabilities$57,283 $66,582 

Note 8. Convertible Senior Notes, Capped Call Transactions