Property and Equipment:

6 Months Ended

Jun. 30, 2025

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, 2025		December 31, 2024
Machinery and equipment(1)	$	421,294	$	400,861
Land, building and building improvements(1)	178,951		177,089
Molds	101,730		96,318
Computer equipment and software(1)	122,202		122,208
Furniture and fixtures(1)	27,866		27,871
Instruments placed with customers(2)	142,010		124,290
Construction in progress(1)	88,719		87,006
Total property, plant and equipment, cost(1)	1,082,772		1,035,643
Accumulated depreciation(1)	(630,330)		(592,897)
Property, plant and equipment, net(1)	$	452,442	$	442,746

______________________________

(1)     As of December 31, 2024, certain property, plant and equipment category account balances that are part of a disposal group that met the criteria for assets held for sale during the fourth quarter of 2024 were combined with other disposal group assets and presented as a separate line item "Assets held For Sale" in our consolidated balance sheets.

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

Depreciation expense was $16.9 million and $33.8 million for the three and six months ended June 30, 2025, respectively, as compared to $22.3 million and $44.7 million for the three and six months ended June 30, 2024, respectively. Depreciation expense included in costs of goods sold was $15.4 million and $30.2 million, for the three and six months ended June 30, 2025, respectively, as compared to $19.4 million and $38.8 million for the three and six months ended June 30, 2024, respectively.