XML 28 R13.htm IDEA: XBRL DOCUMENT v3.25.2
PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2025
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 LifeJune 30, 2025December 31, 2024
Property, plant and equipment
Landn/a$4,716 $4,716 
Leasehold and building improvements(1)243,840 227,885 
Land improvements15 years6,747 6,747 
Buildings
30 - 40 years
290,777 290,777 
Computer equipment and computer software3 years223,234 206,460 
Machinery and equipment
3 - 10 years
371,454 339,421 
Furniture and fixtures
3 - 10 years
35,923 37,176 
Assets under constructionn/a85,647 89,065 
Property, plant and equipment, at cost1,262,338 1,202,247 
Accumulated depreciation(557,233)(508,574)
Property, plant and equipment, net$705,105 $693,673 
______________
(1)Lesser of remaining lease term, building life, or estimated useful life.
Depreciation expense for the three months ended June 30, 2025 and 2024 was $31.1 million and $29.7 million, respectively. Depreciation expense for the six months ended June 30, 2025 and 2024 was $61.1 million and $60.3 million, respectively.
At June 30, 2025, the Company had $85.6 million of assets under construction, which consisted of $42.5 million in machinery and equipment, $25.9 million in leasehold and building improvements, and $17.2 million in capitalized costs related to software projects. Depreciation will begin on these assets once they are placed into service upon completion.