PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment and related accumulated depreciation consists of the following as of September 30, 2024 and December 31, 2023:

	September 30, 2024		December 31, 2023
Land	$	32,029	$	30,934
Buildings and Improvements	195,928		194,274
Furniture and Fixtures	21,657		19,884
Computer Equipment and Software	28,513		25,861
Leasehold Improvements	264,160		230,877
Tools and Equipment	99,695		90,386
Vehicles	4,341		4,373
Assets Under Construction (1)	111,702		39,844
Total Property, Plant and Equipment, Gross	758,025		636,433
Less: Accumulated Depreciation	(173,427)		(135,129)
Total Property, Plant and Equipment, Net	$	584,598	$	501,304

(1) Assets under construction represent construction in progress related to facilities not yet completed or otherwise not placed in service.

For the three months ended September 30, 2024 and September 30, 2023, depreciation expense included in costs of goods sold totaled $9,511 and $8,354, respectively. For the three months ended September 30, 2024 and September 30, 2023, depreciation expense included in selling, general, and administrative expense totaled $4,401 and $4,014, respectively.

For the nine months ended September 30, 2024 and September 30, 2023, depreciation expense included in costs of goods sold totaled $27,065 and $25,410, respectively. For the nine months ended September 30, 2024 and September 30, 2023, depreciation expense included in selling, general, and administrative expense totaled $12,558 and $11,521, respectively.