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PROPERTY, PLANT AND EQUIPMENT | 9 Months Ended
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Sep. 30, 2023
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT | PROPERTY, PLANT AND EQUIPMENT The carrying value and estimated useful lives of property, plant and equipment are as follows:
(In thousands) |  | Estimated Useful Life |  | September 30, 2023 |  | December 31, 2022
Property, plant and equipment |  |  |  |  |  |
Land |  | n/a |  | $ | 4,716 |  |  | $ | 4,716 |
Leasehold and building improvements |  | (1) |  | 214,447 |  |  | 200,588 |
Land improvements |  | 15 years |  | 6,694 |  |  | 6,417 |
Buildings |  | 30 - 40 years |  | 291,035 |  |  | 288,941 |
Computer equipment and computer software |  | 3 years |  | 161,406 |  |  | 142,896 |
Machinery and equipment |  | 3 - 10 years |  | 269,240 |  |  | 246,344 |
Furniture and fixtures |  | 3 - 10 years |  | 36,390 |  |  | 34,047 |
Assets under construction |  | n/a |  | 96,815 |  |  | 68,398 |
Property, plant and equipment, at cost |  |  |  | 1,080,743 |  |  | 992,347 |
Accumulated depreciation |  |  |  | (388,339) |  |  | (307,591) |
Property, plant and equipment, net |  |  |  | $ | 692,404 |  |  | $ | 684,756 |
______________ (1)Lesser of remaining lease term, building life, or estimated useful life. Depreciation expense for the three months ended September 30, 2023 and 2022 was $29.3 million and $25.0 million, respectively. Depreciation expense for the nine months ended September 30, 2023 and 2022 was $83.6 million and $73.5 million, respectively. At September 30, 2023, the Company had $96.8 million of assets under construction, which consisted of $61.9 million in machinery and equipment, $20.5 million in capitalized costs related to software projects, $8.3 million in leasehold and building improvements, and $6.1 million related to buildings. Depreciation will begin on these assets once they are placed into service upon completion.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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