Property and Equipment

9 Months Ended

Sep. 30, 2022

Property and Equipment

Property and Equipment

Note 6 – Property and Equipment

Property and equipment consisted of the following (in thousands):

	Estimated
	Useful Life	September 30, 2022		December 31, 2021
Land	N/A	$	51,612	$	54,868
Building and leasehold improvements	3-39 years		26,860		25,712
Production equipment	3-5 years		56,237		54,090
Computers, equipment and software	3-5 years		23,478		15,343
Furniture and office equipment	3-5 years		7,511		6,838
Vehicles	5 years		3,746		2,932
Capitalized internal software development costs	3-5 years		14,198		12,200
Construction-in-process	N/A		53,262		25,258
Total cost			236,904		197,241
Less: Accumulated depreciation			(72,744)		(58,784)
Property and equipment, net		$	164,160	$	138,457

Construction-in-process includes $25.6 million and $12.4 million related to the development of our new campus at September 30, 2022 and December 31, 2021, respectively.