Property and Equipment (Tables)

9 Months Ended

Sep. 30, 2024

Property Plant And Equipment [Abstract]

Property and Equipment, Net

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

	Estimated Useful
	Life (Years)		September 30, 2024			December 31, 2023
Land		—	$	875		$	875
Buildings	39-40			17,389			17,389
Building improvements(1)	5-40			90,573			46,357
Machinery and equipment	3-15			65,733			60,410
Furniture, fixtures and office equipment	5-10			3,350			3,070
Computer equipment and software		3		8,811			8,658
Construction in progress(1)		—		5,242			48,997
Total property and equipment				191,973			185,756
Less accumulated depreciation				(106,634	)		(101,536	)
Total property and equipment, net			$	85,339		$	84,220

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(1)During the nine months ended September 30, 2024, the Company transferred $43.5 million from construction in progress to building improvements for assets placed in service related to the expansion of the Company's manufacturing facility.

Depreciation Expense Related to Property and Equipment

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Depreciation Expense	$	2,099	$	1,117	$	5,151	$	3,250