Consolidated Balance Sheet Components

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

3. Consolidated Balance Sheet Components

Property and Equipment, Net

Property and equipment, net consisted of the following:


	As of December 31,
	2023		2022

	(in thousands)
Molds and tooling	$	286,305	$	209,984
Computer and software	100,225		88,483
Displays	91,074		90,722
Equipment	19,391		14,653
Furniture and fixtures	10,614		11,418
Leasehold improvements	36,061		31,315
Total property and equipment	543,670		446,575
Less: accumulated depreciation and amortization	(389,689)		(322,022)
Construction in progress	12,271		12,788
Property and equipment, net	$	166,252	$	137,341

Depreciation and amortization expenses were $81.0 million, $64.2 million and $56.8 million for the years ended December 31, 2023, 2022, and 2021, respectively.

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:


	As of December 31,
	2023		2022

	(in thousands)
Prepaid expenses	$	12,308	$	79,665
Prepaid advertising	7,876		6,609
Related party receivables	—		20,069
Derivative assets	—		22,676
DPP receivable	—		22,294
Other receivables	38,127		30,518
Prepaid expenses and other current assets	$	58,311	$	181,831

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


	As of December 31,
	2023		2022

	(in thousands)
Accrued customer incentives	$	207,593	$	230,195
Accrued expenses	106,198		75,839
Accrued compensation and benefits	89,658		71,762
Accrued returns	58,828		45,529
Sales and other tax payable	19,904		43,243
Accrued advertising	35,968		6,108
Accrued delivery and distributions	29,850		19,946
Accrued warranty	28,090		20,958
Operating lease liabilities, current	8,390		13,038
Accrued professional fees	8,071		4,177
Derivative liabilities	3,370		—
Other	24,413		21,228
Accrued expenses and other current liabilities	$	620,333	$	552,023