Property and Equipment:

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment [Text Block]

Property, Plant and Equipment

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

	As of
	June 30, 2024		December 31, 2023
Machinery and equipment	$	495,081	$	483,382
Land, building and building improvements	285,661		278,251
Molds	91,273		89,573
Computer equipment and software	125,020		122,038
Furniture and fixtures	30,601		30,662
Instruments placed with customers(1)	118,165		115,672
Construction in progress	112,126		117,219
Total property, plant and equipment, cost	1,257,927		1,236,797
Accumulated depreciation	(663,842)		(623,888)
Property, plant and equipment, net	$	594,085	$	612,909

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(1)    Instruments placed with customers consist of drug-delivery and monitoring systems placed with customers under operating leases.

Depreciation expense was $22.3 million and $44.7 million for the three and six months ended June 30, 2024, respectively, and $24.4 million and $47.8 million for the three and six months ended June 30, 2023, respectively.