Fixed Assets and Capitalized Software (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Fixed Assets and Capitalized Software

The remaining useful lives of fixed assets and capitalized software are reviewed annually for reasonableness. Fixed assets and capitalized software are depreciated on a straight-line basis over the estimated useful lives of the assets, which are presented in the following table:


			Estimated Useful Lives
Buildings and building improvements			8 - 30 years
Leasehold improvements (1)			1 - 8 years
Computer and data processing equipment			3 years
Furniture and fixtures			7 years
Capitalized software			1.5 - 5 years
Other			3 - 7 years

(1) Leasehold improvements are depreciated at the shorter of their estimated useful lives or the lease term.

See Note 7, Fixed Assets and Capitalized Software, for additional information.

The following table summarizes the components of the Company's fixed assets and capitalized software:


	December 31,
(in thousands)	2025		2024
Capitalized software	$	196,580	$	187,721
Computer and data processing equipment	28,554		36,224
Finance lease asset	5,798		—
Other	1,124		1,268
Fixed assets and capitalized software	$	232,056	$	225,213
Less: accumulated depreciation and amortization	181,171		180,735
Total fixed assets and capitalized software, net	$	50,885	$	44,478

Depreciation and amortization expense associated with the Company's fixed assets and capitalized software was as follows:


	Years Ended December 31,
(in thousands)	2025		2024		2023
Amortization of capitalized software	$	25,955	$	30,905	$	30,087
Depreciation of fixed assets	5,124		5,888		7,709
Total depreciation and amortization expense	$	31,079	$	36,793	$	37,796

Thryv Holdings, Inc. 10-K