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Property and Equipment, Net | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Property and Equipment, Net | Property and Equipment, Net The following table presents our property and equipment, net balances (in thousands):
| December 31,
| 2023 |  | 2022
Content | $ | 346,749 |  |  | $ | 339,879 |
Internal-use software and website development | 51,855 |  |  | 45,422 |
Leasehold improvements | 10,857 |  |  | 10,860 |
Furniture and fixtures | 4,607 |  |  | 4,952 |
Computer and equipment | 3,496 |  |  | 3,321 |
Property and equipment | 417,564 |  |  | 404,434 |
Less accumulated depreciation and content amortization | (234,491) |  |  | (200,051) |
Property and equipment, net | $ | 183,073 |  |  | $ | 204,383 |
Depreciation and content amortization expense during the years ended December 31, 2023, 2022, and 2021 was approximately $105.3 million, which included the $34.2 million accelerated depreciation discussed below, $64.1 million, and $49.6 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 year ended December 31, 2023. The following table presents the consolidated statements of operations classification and total content and related assets charge (in thousands):
| Classification |  | Year Ended December 31, 2023
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 cost of revenues |  |  | 38,242 |
Impairment of indefinite-lived trade name | General and administrative |  | 3,600 |
Total content and related assets charge |  |  | $ | 41,842 |

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