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Property, Plant, and Equipment, net (Tables)
3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant, and Equipment
The estimated useful lives of property and equipment are principally as follows:
AssetUseful Life
Buildings39 years
Leasehold ImprovementsShorter of the estimated useful life or lease term
Aircraft20 years
Machinery & equipment
5 to 7 years
IT software and equipment
3 to 5 years
As of March 31, 2020, December 31, 2019 and 2018, property, plant, and equipment, net consists of the following :
As of
March 31,
As of December 31,
202020192018
(Unaudited)
(In thousands)
Buildings$9,142  $9,142  $9,142  
Leasehold improvements23,762  20,048  16,570  
Aircraft320  320  320  
Machinery and equipment34,000  33,608  22,114  
IT software and equipment17,282  17,151  13,602  
Construction in progress4,564  3,674  620  
89,070  83,943  62,368  
Less accumulated depreciation and amortization
(36,688) (34,610) (28,154) 
Property, plant, and equipment, net
$52,382  $49,333  $34,214