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Property and Equipment, Net | 9 Months Ended
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Sep. 30, 2023
Property, Plant and Equipment [Abstract] |
Property and Equipment, Net | Property and Equipment, Net Property and equipment, net consisted of the following (in thousands):
| September 30, 2023 |  | December 31, 2022
Content | $ | 325,811 |  |  | $ | 339,879 |
Software | 43,595 |  |  | 45,422 |
Leasehold improvements | 10,784 |  |  | 10,860 |
Furniture and fixtures | 5,147 |  |  | 4,952 |
Computer and equipment | 3,514 |  |  | 3,321 |
Property and equipment | 388,851 |  |  | 404,434 |
Less accumulated depreciation and amortization | (220,116) |  |  | (200,051) |
Property and equipment, net | $ | 168,735 |  |  | $ | 204,383 |
Depreciation and content amortization expense during the three and nine months ended September 30, 2023 was $56.9 million and $108.9 million, respectively, which included the $34.2 million accelerated depreciation discussed below. Depreciation and content amortization expense during the three and nine months ended September 30, 2022 was $22.4 million and $64.3 million, respectively. As part of the design and build of our new generative AI experience, in August 2023, we streamlined our product experiences. As a result, we elected to abandon certain content and software assets and accelerated depreciation over shortened useful lives for completed assets as well as impaired in-progress software assets prior to their completion. We also recognized other costs associated with abandoning these content and software assets. Additionally, we impaired our internships.com trade name and adjusted the carrying value to zero. The total content and related assets charge has been recorded during the three months ended September 30, 2023. Condensed consolidated statements of operations classification and total charge recorded is as follows (in thousands):
| Classification |  | Total charge
Accelerated depreciation of content and software | Cost of revenues |  | $ | 34,195 |
Impairment of in-progress software | Cost of revenues |  | 2,616 |
Other costs | Cost of revenues |  | 1,431 |
Total costs of revenues |  |  | 38,242 |
Impairment of indefinite-lived trade name | General and administrative |  | 3,600 |
Total general and administrative expense |  |  | 3,600 |
Total content and related assets charge |  |  | $ | 41,842 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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