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Property and Equipment
 12 Months Ended
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, 2023December 31, 2022
Software3$7,212 $7,430 
Equipment and fixtures3—7157,352 93,908 
Leasehold improvements5—1542,441 29,985 
Buildings10—20269,186 158,250 
LandN/A7,338 7,956 
Aircraft 1
N/A9,195 9,195 
Construction-in-progress 2
N/A
166,054 131,240 
Property and equipment, gross658,778 437,964 
Less: accumulated depreciation(116,338)(72,496)
Property and equipment, net$542,440 $365,468 
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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)202320222021
Cost of sales$42,807 $26,261 $19,023 
Selling, general and administrative expenses1,634 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.