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Property and Equipment, net
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

4. Property and Equipment, net

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

 

 

 

Useful lives
(in years)

 

June 30,
2025

 

 

December 31,
2024

 

Surgical instruments

 

4

 

$

291,363

 

 

$

283,597

 

Machinery and equipment

 

7

 

 

13,040

 

 

 

12,710

 

Computer equipment

 

8

 

 

32,183

 

 

 

32,082

 

Office furniture and equipment

 

5

 

 

6,519

 

 

 

6,759

 

Leasehold improvements

 

various

 

 

4,399

 

 

 

4,321

 

Construction in progress

 

n/a

 

 

598

 

 

 

541

 

 

 

 

 

 

348,102

 

 

 

340,010

 

Less: accumulated depreciation
   and amortization

 

 

 

 

(208,373

)

 

 

(183,616

)

Property and equipment, net

 

 

 

$

139,729

 

 

$

156,394

 

 

Total depreciation and amortization expense was $15.0 million and $30.8 million for the three and six months ended June 30, 2025, respectively. Total depreciation expense was $15.7 million and $29.5 million for the three and six months ended June 30, 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.