Condensed Balance Sheet Components

6 Months Ended

Jun. 30, 2024

Balance Sheet Related Disclosures [Abstract]

Property and Equipment, Net

Property and equipment, net is recorded at cost less accumulated depreciation and amortization. Depreciation and amortization are recorded on a straight-line basis over the estimated useful lives of the respective assets. Property and equipment, net consists of the following (in thousands):


	June 30, 2024		December 31, 2023
Proprietary software	$	46,800	$	44,964
Furniture and equipment	48,232		47,389
Automobiles	2,035		2,069
Leasehold improvements	85,786		84,138
Property and equipment, gross	182,853		178,560
Less: accumulated depreciation and amortization	(86,084)		(74,473)
Property and equipment, net	$	96,769	$	104,087

Depreciation and amortization expense on property and equipment was $8.1 million and $7.8 million for the three months ended June 30, 2024 and 2023, respectively, and $16.3 million and $15.3 million for the six months ended June 30, 2024 and 2023, respectively.

During the six months ended June 30, 2023, the Company recorded $7.2 million of impairment of leasehold improvements and disposal of fixed assets, related to the closures of several of its office and retail locations as part of the savings plan the Company implemented. The Company did not record impairment of leasehold improvements or disposal of fixed assets related to the savings plan during the three and six months ended June 30, 2024.

Other Accrued and Current Liabilities

Other accrued and current liabilities consist of the following (in thousands):


	June 30, 2024		December 31, 2023
Returns reserve	$	20,773	$	22,204
Accrued compensation	17,254		20,086
Accrued sales tax and other taxes	7,277		8,118
Site credit and gift card liability	14,505		14,058
Accrued marketing and outside services	5,935		5,012
Accrued shipping	3,694		4,244
Deferred revenue	2,769		2,214
Accrued interest	4,939		1,166
Other	7,913		5,583
Other accrued and current liabilities	$	85,059	$	82,685