Note 4 - Property and Equipment

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

4. Property and Equipment

Property and equipment consisted of the following:

	As of December 31,
	2024			2023
	(in thousands)
Computer hardware	$	4,970		$	5,319
Machinery and equipment		18,793			16,942
Building and leasehold improvements		25,253			20,981
Gross property and equipment		49,016			43,242
Less accumulated depreciation		(24,216	)		(21,488	)
Property and equipment, net	$	24,800		$	21,754

During the years ended December 31, 2024, 2023, and 2022, the Company wrote off fully depreciated assets with gross values of $0.9 million, $7.1 million, and $0.5 million, respectively.

Depreciation expense was as follows:

	Year ended December 31,
	2024		2023		2022
			(in thousands)
Depreciation expense	$	3,823	$	3,423	$	3,250