PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]


5. PROPERTY, PLANT AND EQUIPMENT

The components of property, plant and equipment (“PPE”) are as follows:


	September 30, 2023 (unaudited)		December 31, 2022
Buildings and building components	$	88,636	$	80,697
Land	12,956		14,085
Leasehold improvements	46,858		43,472
Machinery and equipment	27,844		27,615
Furniture, fixtures and office equipment (including computer)	20,825		16,126
Construction-in-process	1,064		20,086
Property, plant and equipment, gross	198,183		202,081
Less: Accumulated depreciation	(34,502)		(24,326)
Property, plant and equipment, net	$	163,681	$	177,755

Construction-in-process represents assets under construction for manufacturing and retail build-outs not yet ready for use.

Depreciation was $3,815 and $4,790 for the three months ended September 30, 2023 and 2022, respectively, and $13,110 and $11,090 for the nine months ended September 30, 2023 and 2022, respectively. Interest expense capitalized to PPE

totaled $54 and $124 for the three months ended September 30, 2023 and 2022, respectively, and $464 and $2,171 for the nine months ended September 30, 2023 and 2022, respectively.

As of September 30, 2023, the Company reclassified $2,496 from Property, plant and equipment, net to Assets held for sale. Refer to Note 4 - Prepaid Expenses and Other Current Assets for additional information.