Accounts Receivable, net: Accounts receivable, net consisted of the following (in thousands):


	As of
	March 31, 2024		December 31, 2023
Accounts receivable, gross	$	742,888	$	850,464
Less: Allowances
Allowance for sales returns	6,766		7,808
Allowance for sales incentives	16,520		23,024
Allowance for doubtful accounts	1,656		2,213
Other allowances	1,219		1,082
Total allowances	26,161		34,127
Accounts receivable, net	$	716,727	$	816,337

Property and Equipment, net: Property and equipment, net consisted of the following (in thousands):


	As of
	March 31, 2024		December 31, 2023
Computers and equipment	$	51,279	$	51,320
Leasehold improvements	290,346		292,418
Internal-use software	5,916		6,980
Office equipment and furniture	36,813		36,900
Property and equipment, gross	384,354		387,618
Less: Accumulated depreciation and amortization	(132,867)		(123,062)
Property and equipment, net	$	251,487	$	264,556

Depreciation and amortization expense for property and equipment assets for the three months ended March 31, 2024 and 2023 was $12.8 million and $11.2 million, respectively.

During the three months ended March 31, 2024 and 2023, the Company recognized an impairment charge of $0.5 million and $0.5 million, respectively, related to property and equipment associated with the leased office facilities that are part of its restructuring efforts. See Note 15 to the condensed consolidated financial statements for additional details.

Accrued Liabilities: Accrued liabilities consisted of the following (in thousands):


	As of
	March 31, 2024		December 31, 2023
Payments due to content partners	$	243,994	$	239,196
Accrued cost of revenue	124,818		147,875
Marketing, retail, and merchandising expenses	54,283		147,853

Operating lease liability, current	71,076		68,099
Content liability, current	45,282		54,319
Other accrued expenses	132,987		130,698
Total Accrued liabilities	$	672,440	$	788,040

Deferred Revenue: Deferred revenue consisted of the following (in thousands):


	As of
	March 31, 2024		December 31, 2023
Platform, current	$	70,561	$	66,636
Devices, current	31,089		35,521
Total deferred revenue, current	101,650		102,157
Platform, non-current	625		625
Devices, non-current	22,866		23,947
Total deferred revenue, non-current	23,491		24,572
Total Deferred revenue	$	125,141	$	126,729

Other Long-term Liabilities: Other Long-term liabilities consisted of the following (in thousands):


	As of
	March 31, 2024		December 31, 2023
Content liability, non-current	$	20,284	$	24,115
Other long-term liabilities	23,778		25,071
Total Other long-term liabilities	$	44,062	$	49,186