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Consolidated Balance Sheet Detail | 9 Months Ended
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Sep. 30, 2024
Disclosure Text Block [Abstract] |
Consolidated Balance Sheet Detail | 8. Consolidated Balance Sheet Detail Inventories, net Inventories, net consists of the following:
|  | September 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (Amounts in thousands) |
Raw materials |  | $ | 106,843 |  |  | $ | 123,598 |
Work-in-process |  |  | 6,794 |  |  |  | 4,492 |
Finished products |  |  | 68,828 |  |  |  | 74,231 |
Total inventories, net |  | $ | 182,465 |  |  | $ | 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 a result of these actions, the Company determined that the sale of the BioFlex Property met the criteria to be classified as assets held-for-sale pursuant to ASC 360, “Impairment and Disposal of Long-Lived Assets” beginning in the first quarter of 2024. The Company recorded $1.0 million in assets held for sale in our condensed consolidated balance sheet at the end of the first and second quarters of 2024. The sale of the BioFlex Property closed on August 2, 2024 and the Company recorded a gain of $0.2 million on the sale of the BioFlex Property to its condensed consolidated statement of comprehensive income (loss) for the three and nine months ended September 30, 2024. Property, plant and equipment, net Property, plant and equipment, net consist of the following:
|  | September 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (Amounts in thousands) |
Land |  | $ | 893 |  |  | $ | 992 |
Buildings |  |  | 725 |  |  |  | 1,667 |
Leasehold improvements |  |  | 142,506 |  |  |  | 126,663 |
Equipment |  |  | 120,029 |  |  |  | 114,606 |
Furniture, fixtures and office equipment |  |  | 10,035 |  |  |  | 9,077 |
Computer hardware and software |  |  | 40,790 |  |  |  | 35,528 |
Construction in progress |  |  | 40,241 |  |  |  | 47,086 |
Other |  |  | 488 |  |  |  | 544 |
Total property, plant and equipment |  |  | 355,707 |  |  |  | 336,163 |
Less - Accumulated depreciation |  |  | (153,124 | ) |  |  | (128,723 | )
Total property, plant and equipment, net |  | $ | 202,583 |  |  | $ | 207,440 |
Accrued liabilities Accrued liabilities consist of the following:
|  | September 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (Amounts in thousands) |
|  |  |  |  | (As Restated) |
Employee compensation |  | $ | 28,104 |  |  | $ | 16,660 |
Deferred revenue |  |  | 16,446 |  |  |  | 17,067 |
Income taxes payable |  |  | 148 |  |  |  | 6,814 |
Other |  |  | 16,204 |  |  |  | 16,772 |
Total accrued liabilities |  | $ | 60,902 |  |  | $ | 57,313 |

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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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