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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Property and Equipment

depreciation is computed on a straight-line basis over the following useful lives:

(in years, except for aircraft)						Estimated Useful Life
Software						3
Equipment and fixtures						3 - 7
Leasehold improvements						5 - 15 1
Buildings						10 - 20

_________________

1    Lesser of lease term or useful life

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

Schedule of Advertising Expense

Advertising expense was as follows for the periods presented:

												Year Ended December 31,
(in thousands)																		2023						2022						2021
Advertising expense																		$	29,899					$	32,327					$	30,652

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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Tabular disclosure of each detailed component of other operating costs and expenses that are applicable to sales and revenues, but not included in the cost of sales in the income statement.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.3)
-Publisher FASB
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