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Consolidated Balance Sheet Detail | 3 Months Ended
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Mar. 31, 2024
Disclosure Text Block [Abstract] |
Consolidated Balance Sheet Detail | 7. Consolidated Balance Sheet Detail Inventories, net Inventories, net consists of the following:
|  | March 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (Amounts in thousands) |
Raw materials |  | $ | 118,761 |  |  | $ | 123,598 |
Work-in-process |  |  | 5,088 |  |  |  | 4,492 |
Finished products |  |  | 74,184 |  |  |  | 74,231 |
Total inventories, net |  | $ | 198,033 |  |  | $ | 202,321 |
Assets held for sale During the first quarter of 2024, the Company’s management decided it would explore a sale of the Company’s property located at 119 Fredon Springdale Road, Fredon, New Jersey (the “BioFlex Property”) and engaged a broker to assist with the sale process. As of March 31, 2024, the Company continues to conduct an encouraging sale process for the BioFlex Property, with the goal of completing the sale within one year. As a result of these actions, the sale of the BioFlex Property meets the criteria to be classified as assets held-for-sale pursuant to ASC 360, “Impairment and Disposal of Long-Lived Assets.” Therefore, the Company recorded $1.0 million in Assets held for sale in our condensed consolidated balance sheet as of March 31, 2024. Assets held for sale as of March 31, 2024 (for which there were no comparable amounts as of December 31, 2023) consist of the following (amounts in thousands):
|  | March 31, |
|  | 2024 |
Land |  | $ | 101 |
Buildings |  |  | 915 |
Total assets held for sale |  | $ | 1,016 |
Property, plant and equipment, net Property, plant and equipment, net consist of the following:
|  | March 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (Amounts in thousands) |
Land |  | $ | 855 |  |  | $ | 992 |
Buildings |  |  | 702 |  |  |  | 1,667 |
Leasehold improvements |  |  | 126,995 |  |  |  | 126,663 |
Equipment |  |  | 113,796 |  |  |  | 114,606 |
Furniture, fixtures and office equipment |  |  | 9,027 |  |  |  | 9,077 |
Computer hardware and software |  |  | 36,540 |  |  |  | 35,528 |
Construction in progress |  |  | 53,071 |  |  |  | 47,086 |
Other |  |  | 504 |  |  |  | 544 |
Total property, plant and equipment |  |  | 341,490 |  |  |  | 336,163 |
Less - Accumulated depreciation |  |  | (135,774 | ) |  |  | (128,723 | )
Total property, plant and equipment, net |  | $ | 205,716 |  |  | $ | 207,440 |
Accrued liabilities Accrued liabilities consist of the following:
|  | March 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (Amounts in thousands) |
Employee compensation |  | $ | 20,532 |  |  | $ | 16,660 |
Deferred revenue |  |  | 14,415 |  |  |  | 10,287 |
Income taxes payable |  |  | 1,984 |  |  |  | 6,814 |
Other |  |  | 19,040 |  |  |  | 16,772 |
Total accrued liabilities |  | $ | 55,971 |  |  | $ | 50,533 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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