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Property and Equipment, Net | 12 Months Ended
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Dec. 31, 2024
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,
| 2024 |  | 2023
Content | $ | 381,629 |  |  | $ | 346,749 |
Internal-use software and website development | 67,612 |  |  | 51,855 |
Leasehold improvements | 8,207 |  |  | 10,857 |
Furniture and fixtures | 3,346 |  |  | 4,607 |
Computer and equipment | 2,953 |  |  | 3,496 |
Property and equipment | 463,747 |  |  | 417,564 |
Less accumulated depreciation | (293,099) |  |  | (234,491) |
Property and equipment, net | $ | 170,648 |  |  | $ | 183,073 |
Depreciation expense during the years ended December 31, 2024, 2023, and 2022 was $68.3 million, $105.3 million, which included the $34.2 million accelerated depreciation discussed below, and $64.1 million, respectively. In connection with the November 2024 restructuring, we streamlined our product experiences and in connection with the June 2024 restructuring, we announced that we will no longer offer Chegg Skills directly to customers. As a result, we impaired internal-use software and content assets and accelerated depreciation of certain content assets of $6.1 million during the year ended December 31, 2024, which were classified as cost of revenues on our consolidated statements of operations. For further information on the November 2024 and June 2024 restructurings, see Note 15, “Restructuring Charges.” In connection with the intangible assets impairment analysis performed in June 2024, we also recorded an impairment of $10.0 million related to property and equipment, consisting of $6.6 million of content assets and $3.4 million of internal-use software assets, during the year ended December 31, 2024, which was classified as impairment expense on our consolidated statements of operations. For further information on the intangible assets impairment analysis, see Note 7, “Goodwill and Intangible Assets.” In connection with the design and build of our new generative AI experience in August 2023, we streamlined our product experiences. As a result, during the year ended December 31, 2023, we elected to abandon certain content and internal-use software assets and recorded charges of $38.2 million, consisting of $34.2 million of accelerated depreciation over shortened useful lives for completed assets, impaired internal-use software assets of $2.6 million, and $1.4 million in other costs recognized in association with abandoning these assets. All of which were classified as cost of revenues on our consolidated statements of operations.

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