XML 40 R15.htm IDEA: XBRL DOCUMENT v3.25.0.1
PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2024
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,
20242023
(Years)(In thousands)
Equipment and machinery
3-10
$207,300 $186,298 
Furniture and fixtures
5-10
3,341 3,222 
Computer equipment
3-5
7,241 7,744 
Capitalized software costs
3-5
74,558 61,577 
Building and leasehold improvements
3-10
19,047 17,058 
Construction in process19,305 29,752 
Total330,792 305,651 
Less: accumulated depreciation and amortization(183,278)(137,407)
Property and equipment, net$147,514 $168,244 
Depreciation expense for property and equipment, net, for the years ended December 31, 2024, 2023 and 2022 was $51.5 million, $40.7 million and $27.7 million, respectively.
As of December 31, 2024 and 2023, unamortized capitalized software costs were $22.6 million and $25.2 million, respectively.
During the years ended December 31, 2024 and 2023, the Company determined that a triggering event had occurred as a result of changes to the Company’s long-term projections, accordingly, the Company recorded an impairment charge for the property and equipment, net asset of $2.3 million and $5.7 million, respectively, within “Restructuring and asset impairment charges” on the consolidated statement of operations