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PROPERTY, PLANT AND EQUIPMENT | 3 Months Ended
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Mar. 31, 2024
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 |  | March 31, 2024 |  | December 31, 2023
Property, plant and equipment |  |  |  |  |  |
Land |  | n/a |  | $ | 4,716 |  |  | $ | 4,716 |
Leasehold and building improvements |  | (1) |  | 225,477 |  |  | 214,562 |
Land improvements |  | 15 years |  | 6,747 |  |  | 6,729 |
Buildings |  | 30 - 40 years |  | 290,777 |  |  | 290,777 |
Computer equipment and computer software |  | 3 years |  | 171,148 |  |  | 168,131 |
Machinery and equipment |  | 3 - 10 years |  | 303,469 |  |  | 290,294 |
Furniture and fixtures |  | 3 - 10 years |  | 35,994 |  |  | 35,756 |
Assets under construction |  | n/a |  | 109,887 |  |  | 104,592 |
Property, plant and equipment, at cost |  |  |  | 1,148,215 |  |  | 1,115,557 |
Accumulated depreciation |  |  |  | (446,174) |  |  | (417,203) |
Property, plant and equipment, net |  |  |  | $ | 702,041 |  |  | $ | 698,354 |
______________ (1)Lesser of remaining lease term, building life, or estimated useful life. Depreciation expense for the three months ended March 31, 2024 and 2023 was $30.6 million and $26.8 million, respectively. At March 31, 2024, the Company had $109.9 million of assets under construction, which consisted of $56.0 million in machinery and equipment, $40.5 million in capitalized costs related to software projects, $8.1 million in leasehold and building improvements, $5.2 million related to buildings, and minimal furniture and fixtures. 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/1943274/2147477798/958-360-50-6 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/1943274/2147477798/958-360-50-1 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/1943274/2147477798/958-360-50-7 + Details
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