Property and Equipment

12 Months Ended

Dec. 31, 2022

Property and Equipment

Property and Equipment

Note 6 - Property and Equipment

Property and equipment consisted of the following at December 31 (in thousands):

	Estimated
	Useful Life	December 31, 2022		December 31, 2021
Land	N/A	$	51,612	$	54,868
Building and leasehold improvements	3-39 years		25,874		25,712
Production equipment	3-5 years		57,170		54,090
Computers, equipment and software	3-5 years		25,154		15,343
Furniture and office equipment	3-5 years		7,420		6,838
Vehicles	5 years		4,027		2,932
Capitalized internal software development costs	3-5 years		14,198		12,200
Construction-in-process	N/A		62,283		25,258
Total cost			247,738		197,241
Less: Accumulated depreciation			(77,895)		(58,784)
Property and equipment, net		$	169,843	$	138,457

Construction-in-process included $28.3 million and $12.4 million related to the development of our new campus at December 31, 2022 and December 31, 2021, respectively.

Depreciation and amortization expense related to property and equipment was $20.4 million, $15.8 million and $9.2 million for the years ended December 31, 2022, 2021 and 2020, respectively, of which $8.5 million, $6.3 million and $4.0 million was included in cost of sales for the respective years.