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Property and Equipment | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Property and Equipment | NOTE 6 — Property and Equipment Property and equipment, net consists of the following:
(in thousands) |  | Useful Life (Years) |  | December 31, 2023 |  | December 31, 2022
Software |  | 3 |  | $ | 7,212 |  |  | $ | 7,430 |
Equipment and fixtures |  | 3 | — | 7 |  | 157,352 |  |  | 93,908 |
Leasehold improvements |  | 5 | — | 15 |  | 42,441 |  |  | 29,985 |
Buildings |  | 10 | — | 20 |  | 269,186 |  |  | 158,250 |
Land |  | N/A |  | 7,338 |  |  | 7,956 |
Aircraft 1 |  | N/A |  | 9,195 |  |  | 9,195 |
Construction-in-progress 2 |  | N/A |  | 166,054 |  |  | 131,240 |
Property and equipment, gross |  |  |  |  |  | 658,778 |  |  | 437,964 |
Less: accumulated depreciation |  |  |  |  |  | (116,338) |  |  | (72,496) |
Property and equipment, net |  |  |  |  |  | $ | 542,440 |  |  | $ | 365,468 |
_______________ 1 Aircraft is depreciated under the consumption method. 2 Construction-in-progress primarily consists of construction and equipment costs for new and existing shops, as well as our new roasting facility in Texas. Depreciation expense included in the Company’s consolidated statements of operations was as follows:
|  |  |  | Year Ended December 31,
(in thousands) |  |  |  |  |  | 2023 |  | 2022 |  | 2021
Cost of sales |  |  |  |  |  | $ | 42,807 |  |  | $ | 26,261 |  |  | $ | 19,023 |
Selling, general and administrative expenses |  |  |  |  |  | 1,634 |  |  | 2,705 |  |  | 2,663 |
Total depreciation expense |  |  |  |  |  | $ | 44,441 |  |  | $ | 28,966 |  |  | $ | 21,686 |
No impairment charges were recognized for the three years ended December 31, 2023.

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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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