Consolidated Balance Sheet Detail

9 Months Ended

Sep. 30, 2024

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