Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 99

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 and Equipment, Net

Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization are 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 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 lifeJune 30,2025December 31,2024(In years)(In thousands)Computer equipment and software3 to 5$138,723 $134,647 Internal-use software5183,023 176,725 Finance lease right-of-use assets2— 62 Furniture, equipment and building improvementsThe lesser of 5 or estimated useful life243 234 Property and equipment, at cost321,989 311,668 Less: accumulated depreciation(226,085)(211,111)Property and equipment, net $95,904 $100,557 Depreciation and amortization expense of property and equipment was $5.6 million and $11.2 million during the three and six months ended June 30, 2025, respectively, and $7.7 million and $15.9 million during the three and six months ended June 30, 2024, respectively. There were no impairments of property and equipment during the three and six months ended June 30, 2025. The Company recorded non-cash impairment charges of $8.3 million related to internal-use software during the three and six months ended June 30, 2024. The impairment charges were included in Impairment of intangibles and other assets in the condensed consolidated statements of operations for the three and six months ended June 30, 2024, and pertained to internal-use software that was discontinued and had no future economic benefit. 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.

18

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

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:June 30,2025December 31,