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Property, Plant & Equipment, Net
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant & Equipment, Net Property, Plant and Equipment, Net
Property, plant and equipment, net, consisted of the following:
 December 31,
(in thousands)20222021
Land$13,450 $13,450 
Buildings76,329 73,559 
Machinery, equipment and fixtures92,604 83,608 
Computer software25,864 24,384 
Construction in progress14,047 10,686 
222,294 205,687 
Less: accumulated depreciation and amortization(100,128)(88,915)
Total property, plant and equipment, net$122,166 $116,772 
Depreciation and amortization expense related to property, plant & equipment, net, was $13.7 million, $13.2 million and $12.5 million for the years ended December 31, 2022, 2021 and 2020, respectively.
The Company tests long-lived assets for recoverability whenever events or changes in circumstances suggest that the carrying value of an asset or group of assets may not be recoverable. During the year ended December 31, 2021, the Company reviewed certain facts relating to an asset group that included the right-of-use (“ROU”) asset associated with the lease of office space in the World Trade Center (the “WTC lease”) in New York City and resulted in a change to the asset group due to the negotiation of a sublease. Please refer to Note 17, “Leases” for further details.