PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2023

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

10. PROPERTY AND EQUIPMENT

Property and equipment, net consists of the following (in thousands):

	September 30,		December 31,
	2023		2022
Equipment	$	46,829	$	48,632
Leasehold improvements		19,131		18,527
Land and buildings		8,941		15,893
Construction in process		3,642		5,008
Furniture and fixtures		2,152		2,396
Software		2,077		2,183
Tooling		2,285		2,145
Computer equipment		2,474		2,076
Automobiles		1,044		1,180
Property and equipment, gross		88,575		98,040
Less: accumulated depreciation		(50,188)		(41,769)
Total property and equipment, net	$	38,387	$	56,271

Depreciation expense was $2.9 million and $8.8 million for three and nine months ended September 30, 2023. Depreciation expense was $3.1 million and $9.3 million for the three and nine months ended September 30, 2022.