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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2022
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

Property and equipment consist of the following (in thousands):

 

 

 

Estimated Useful

 

 

December 31,

 

 

 

 

Life (Years)

 

 

2022

 

 

2021

 

 

Land

 

 

 

 

$

875

 

 

$

875

 

 

Buildings

 

39-40

 

 

 

17,389

 

 

 

17,389

 

 

Building improvements

 

5-40

 

 

 

38,952

 

 

 

38,651

 

 

Machinery and equipment

 

3-15

 

 

 

58,542

 

 

 

55,334

 

 

Furniture, fixtures and office equipment

 

5-10

 

 

 

2,976

 

 

 

2,969

 

 

Computer equipment and software

 

 

3

 

 

 

8,246

 

 

 

8,163

 

 

Construction in progress

 

 

 

 

 

16,706

 

 

 

10,892

 

(1)

 

 

 

 

 

 

 

143,686

 

 

 

134,273

 

 

Less accumulated depreciation

 

 

 

 

 

 

(98,560

)

 

 

(97,661

)

 

Total property and equipment, net

 

 

 

 

 

$

45,126

 

 

$

36,612

 

 

_________________________

(1)

As of December 31, 2021 construction in progress included $4.7 million of equipment under construction for the manufacturing expansion for UT (the “UT Equipment”). There is no balance under construction for the UT Equipment as of December 31, 2022. The Company acts as agent on behalf of UT for the procurement of the UT Equipment. The Company has received $5.0 million in deposit for this service, which was recognized as deposits from customer in the consolidated balance sheet as of December 31, 2021. In April 2022, the Company and UT agreed that UT would hold title to the UT Equipment at all times. As such, there is no balance related to the UT Equipment included in construction in progress or deposits from customer in our consolidated balance sheet as of December 31, 2022. See Note 11 – Collaboration, Licensing and Other Arrangements.