PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2024

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

NOTE 10.           PROPERTY AND EQUIPMENT, NET

Property and equipment, net is comprised of the following:

	Estimated Useful	December 31,		December 31,
	Life (in years)	2024		2023
		(in thousands)
Buildings, machinery, and equipment	5 to 25	$	196,564	$	191,744
Software	3 to 10		35,616		24,526
Computer equipment, furniture, fixtures, and vehicles	3 to 5		25,977		19,281
Leasehold improvements	2 to 10		93,023		79,764
Capital projects in process			35,392		21,721
			386,572		337,036
Less: Accumulated depreciation			(200,968)		(169,371)
Property and equipment, net		$	185,604	$	167,665

The following table summarizes property and equipment, net by geographic area:

	December 31,
	2024		2023
	(in thousands)
United States	$	83,773	$	63,222
Asia		87,771		96,045
Europe and other		14,060		8,398
Total	$	185,604	$	167,665

The following table summarizes depreciation expense. All depreciation expense is recorded in income from continuing operations:

	Years Ended December 31,
	2024		2023		2022
	(in thousands)
Depreciation expense	$	42,409	$	38,279	$	34,182