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PROPERTY AND EQUIPMENT, NET | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT, NET | PROPERTY AND EQUIPMENT, NET ‘Property and equipment, net’ consists of the following:
| December 31,
| 2022 |  | 2021
| (in thousands)
Machinery and equipment | $ | 146,821 |  |  | $ | 53,976 |
Leasehold improvements | 76,363 |  |  | 64,625 |
Construction-in-progress | 28,699 |  |  | 53,332 |
Furniture, fixtures, and other | 26,782 |  |  | 20,210 |
Property and equipment | 278,665 |  |  | 192,143 |
Less: Accumulated depreciation and amortization | (97,136) |  |  | (83,745) |
Property and equipment, net | $ | 181,529 |  |  | $ | 108,398 |
Asset Retirement Obligations We are contractually obligated, under certain of our lease agreements, to restore certain retail and office facilities back to their original condition. At lease inception, the estimated fair value of these liabilities is recorded along with a related asset. Asset retirement obligations were not significant to the consolidated balance sheets in the years ended December 31, 2022 or 2021. Depreciation and Amortization Expense Depreciation and amortization expense related to property and equipment, reported in ‘Cost of sales’ and ‘Selling, general and administrative expenses’ was:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
| (in thousands)
Cost of sales | $ | 10,043 |  |  | $ | 6,234 |  |  | $ | 3,921 |
Selling, general and administrative expenses | 9,599 |  |  | 8,708 |  |  | 7,914 |
Total depreciation and amortization expense | $ | 19,642 |  |  | $ | 14,942 |  |  | $ | 11,835 |
Disposals of Property and Equipment and Intangible Assets During the years ended December 31, 2022, 2021, and 2020, we recognized net losses on disposals of property and equipment and intangible assets of $1.0 million, $0.3 million, and $0.3 million, respectively. Gains and losses on disposals of property and equipment and intangible assets are included in ‘Selling, general and administrative expenses’ in the consolidated statements of operations. Additionally, we impaired our leasehold improvement assets for a retail location in the year ended December 31, 2020, as described in Note 8 — Fair Value Measurements.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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