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Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment and Depreciation Expense Property and equipment as of June 30, 2024 and December 31, 2023, consisted of the following (in thousands).
June 30, 2024December 31, 2023
Machinery and equipment$53,869 $100,335 
Building and leasehold improvements31,000 36,651 
Office equipment and software4,978 2,561 
Furniture and fixtures16,590 898 
Land1,433 1,433 
Construction in process54,893 68,958 
Total property and equipment162,763 210,836 
Less: accumulated depreciation(11,739)(44,365)
Property and equipment, net$151,024 $166,471 
The following table summarizes the depreciation and amortization expenses related to property and equipment, which are recorded within cost of revenue, research and development expense and selling, general and administrative expense in the Condensed Consolidated Statements of Operations (in thousands).
Quarters EndedFiscal Years-to-Date Ended
June 30, 2024July 2, 2023June 30, 2024July 2, 2023
Depreciation expense$4,161 $3,523 $27,960 $6,978