Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 50

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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3,023 176,725 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 31,2024(In thousands)Professional services and consulting and other vendor fees$47,098 $30,302 Payroll and other employee-related costs7,194 10,061 Warrants liability (Note 9)11,673 17,498 Accrued interest1,016 998 Restructuring (Note 12)1,267 3,028 Non-income tax280 644 Sales commissions1,840 2,207 Other1,186 1,844 Total accrued expenses and other current liabilities$71,554 $66,582 

Note 8. Convertible Senior Notes, Capped Call Transactions and Warrants

Convertible Senior Notes due 2024 and