Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.23.1
PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2023
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

10. PROPERTY AND EQUIPMENT

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

    

March 31, 

December 31, 

    

2023

2022

Equipment

$

45,312

$

48,632

Leasehold improvements

 

18,401

 

18,527

Land and buildings

9,414

15,893

Construction in process

 

4,393

 

5,008

Furniture and fixtures

 

2,167

 

2,396

Software

 

1,908

 

2,183

Tooling

 

2,147

 

2,145

Computer equipment

 

1,851

 

2,076

Automobiles

1,138

1,180

Property and equipment, gross

 

86,731

 

98,040

Less: accumulated depreciation

 

(41,469)

 

(41,769)

Total property and equipment, net

$

45,262

$

56,271

Depreciation expense was $3.0 million and $3.1 million for the three months ended March 31, 2023 and 2022.