PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

7. PROPERTY AND EQUIPMENT

Property and equipment consist of the following as of December 31:


	December 31,		December 31,
(in thousands)	2022(1)		2021(1)
Land	$	1,549	$	5,947
Buildings		16,659		19,970
Machinery, furniture, and equipment		53,146		46,769
Construction in progress		4,604		2,941
		75,958		75,627
Less: accumulated depreciation		(32,712)		(22,956)
Property and equipment, net	$	43,246	$	52,671

⁽¹⁾Amounts as of December 31, 2022 exclude the land and building at our Canada facility, which are classified as held for sale as of December 31, 2022. These assets have a carrying value of $8.0 million.

Depreciation expense for the years ended December 31, 2022, 2021, and 2020 totaled $7.4 million, $5.5 million, and $4.8 million, respectively. During the years ended December 31, 2022, 2021, and 2020 there was $0.1 million of interest capitalized into construction in progress.