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PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
The following tables show the Company’s gross property and equipment by major asset class and accumulated depreciation as of the years ended December 31:
(in thousands)20242023
Land$1,582 $1,549 
Buildings24,438 17,875 
Machinery, furniture, and equipment68,697 50,412 
Leasehold improvements1,297 — 
Finance leases1,161 — 
Construction in progress4,568 7,692 
101,743 77,528 
Less: accumulated depreciation(44,880)(32,935)
Property and equipment, net$56,863 $44,593 
Depreciation expense for the years ended December 31, 2024, 2023, and 2022 totaled $7.4 million, $7.5 million, and $7.4 million, respectively. During the years ended December 31, 2024, 2023, and 2022 there was $0.5 million, $0.6 million, and $0.1 million, respectively, of interest capitalized into construction in progress, respectively.