PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2022

PROPERTY AND EQUIPMENT [Abstract]

PROPERTY AND EQUIPMENT

NOTE 8. PROPERTY AND EQUIPMENT

Property and equipment included the following:

	Useful	June 30,		December 31,
(In thousands)	Life	2022		2021
Land	—	$	8,275	$	8,296
Buildings and improvements	31.5		46,805		44,672
Equipment	5-15		131,298		113,301
Instruments	5		295,654		285,762
Modules and cases	5		45,799		44,185
Other property and equipment	3-5		33,050		30,435
			560,881		526,651
Less: accumulated depreciation			(321,999)		(305,575)
Total		$	238,882	$	221,076

Instruments are hand-held devices used by surgeons to install implants during surgery. Modules and cases are used to store and transport the instruments and implants.

Depreciation expense related to property and equipment was as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands)	2022			2021	2022		2021
Depreciation	$	12,535	$	14,506	$	24,860	$	26,890