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PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2023
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

NOTE 10.           PROPERTY AND EQUIPMENT, NET

Property and equipment, net is comprised of the following:

Estimated Useful

December 31, 

December 31, 

    

Life (in years)

    

2023

    

2022

Buildings, machinery, and equipment

5 to 25

$

191,744

$

165,673

Software

3 to 5

24,526

21,120

Computer equipment, furniture, fixtures, and vehicles

3 to 5

 

19,281

 

15,161

Leasehold improvements

2 to 10

 

79,764

 

63,103

Capital projects in process

 

21,721

 

18,226

 

337,036

 

283,283

Less: Accumulated depreciation

 

(169,371)

 

(134,821)

Property and equipment, net

$

167,665

$

148,462

The following table summarizes property and equipment, net by geographic area:

December 31, 

    

2023

    

2022

United States

$

63,222

$

43,963

Asia

96,045

98,684

Europe and other

8,398

5,815

Total

$

167,665

$

148,462

The following table summarizes depreciation expense. All depreciation expense is recorded in income from continuing operations:

Years Ended December 31, 

    

2023

    

2022

    

2021

Depreciation expense

$

38,279

$

34,182

$

30,833