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Property and Equipment (Tables)
3 Months Ended
Mar. 31, 2024
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

Property and equipment consisted of the following (in thousands):

 

 

Estimated Useful

 

 

 

 

 

 

Life (Years)

 

 

March 31, 2024

 

 

December 31, 2023

 

Land

 

 

 

 

$

875

 

 

$

875

 

Buildings

 

39-40

 

 

 

17,389

 

 

 

17,389

 

Building improvements

 

5-40

 

 

 

60,833

 

 

 

46,357

 

Machinery and equipment

 

3-15

 

 

 

62,984

 

 

 

60,410

 

Furniture, fixtures and office equipment

 

5-10

 

 

 

3,070

 

 

 

3,070

 

Computer equipment and software

 

 

3

 

 

 

8,677

 

 

 

8,658

 

Construction in progress

 

 

 

 

 

32,617

 

 

 

48,997

 

Total property and equipment

 

 

 

 

 

186,445

 

 

 

185,756

 

Less accumulated depreciation

 

 

 

 

 

(102,825

)

 

 

(101,536

)

Total property and equipment, net

 

 

 

 

$

83,620

 

 

$

84,220

 

Depreciation Expense Related to Property and Equipment

Depreciation expense related to property and equipment was as follows (in thousands):

 

 

Three Months
Ended March 31,

 

 

 

2024

 

 

2023

 

Depreciation Expense

 

$

1,341

 

 

$

1,038