Property and Equipment

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

	September 30, 2024		December 31, 2023
	(in thousands)
Machinery and equipment	$	67,722	$	67,321
Leasehold improvements	19,193		19,085
Vehicles	8,233		7,038
Furniture and fixtures	1,015		1,015
Building	38,779		38,503
Land	11,907		11,907
Computer hardware and software	93		93
Construction in progress	316		—
	147,258		144,962
Less: accumulated depreciation and amortization	(57,126)		(49,736)
Total property and equipment, net	$	90,132	$	95,226

Depreciation and amortization expense is reported within general and administrative expense except for depreciation and amortization expense related to manufacturing facilities and equipment, which is included in cost of goods sold on the accompanying condensed consolidated statements of income.

For the three months ended September 30, 2024 and 2023, depreciation and amortization expense reported within general and administrative expense was $1,099,000 and $1,167,000 respectively, and depreciation and amortization expense reported within cost of goods sold was $1,585,000 and $1,534,000, respectively.

For the nine months ended September 30, 2024 and 2023, depreciation and amortization expense reported within general and administrative expense was $3,154,000 and $3,439,000 respectively, and depreciation and amortization expense reported within cost of goods sold was $4,806,000 and $4,599,000, respectively.