Property and Equipment, net

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

. Property and Equipment, net

Property and equipment, net consist of the following (in thousands, except as indicated):


	Useful lives (in years)	March 31, 2025			December 31, 2024
Surgical instruments	4	$	286,904		$	283,597
Machinery and equipment	7		12,796			12,710
Computer equipment	8		32,131			32,082
Office furniture and equipment	5		6,477			6,759
Leasehold improvements	various		4,337			4,321
Construction in progress	n/a		546			541
			343,191			340,010
Less: accumulated depreciation and amortization			(196,550	)		(183,616	)
Property and equipment, net		$	146,641		$	156,394

Total depreciation and amortization expense was $15.8 million and $13.7 million for the three months ended March 31, 2025 and 2024, respectively. Construction in progress is not depreciated until placed in service. Property and equipment includes assets under financing leases and the related amortization of assets under financing leases is included in depreciation expense.