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PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
Property and equipment, net consist of the following:
Estimated Useful
Life
December 31,
20232022
(Years)(In thousands)
Equipment and machinery
3-10
$186,298 $114,246 
Furniture and fixtures
5-10
3,222 3,295 
Computer equipment
3-5
7,744 7,543 
Capitalized software costs
3-5
61,577 42,649 
Building and leasehold improvements
3-10
17,058 15,875 
Land— 114 
Construction in process29,752 31,734 
Total305,651 215,456 
Less: accumulated depreciation and amortization(137,407)(104,089)
Property and equipment, net$168,244 $111,367 
Depreciation expense for property and equipment, net for the years ended December 31, 2023, 2022 and 2021 was $40.7 million, $27.7 million and $16.7 million, respectively.
As of December 31, 2023 and 2022, unamortized capitalized software costs were $25.2 million and $19.2 million, respectively.
During the year ended December 31, 2023, the Company determined that a triggering event had occurred as a result of changes to the Company’s long-term projections and as a result $5.7 million of property and equipment, net asset will be retired. Accordingly, the Company recorded an impairment charge for the property and equipment, net asset of $5.7 million within “Restructuring and asset impairment charges” on the consolidated statement of operations for the year ended December 31, 2023.