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v3.23.3

Property and Equipment (Tables) | 9 Months Ended
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Sep. 30, 2023
Property, Plant and Equipment [Abstract] |
Property and Equipment, Net | Property and equipment consists of the following (dollars in thousands):
|  | Estimated Useful |  |  |  |
|  | Life (Years) |  |  | September 30, 2023 |  |  | December 31, 2022 |
Land |  |  | — |  |  | $ | 875 |  |  | $ | 875 |
Buildings |  | 39-40 |  |  |  | 17,389 |  |  |  | 17,389 |
Building improvements |  | 5-40 |  |  |  | 43,525 |  |  |  | 38,952 |
Machinery and equipment |  | 3-15 |  |  |  | 60,001 |  |  |  | 58,542 |
Furniture, fixtures and office equipment |  | 5-10 |  |  |  | 2,976 |  |  |  | 2,976 |
Computer equipment and software |  |  | 3 |  |  |  | 8,646 |  |  |  | 8,246 |
Construction in progress |  |  | — |  |  |  | 48,284 |  |  |  | 16,706 |
Total property and equipment |  |  |  |  |  | 181,696 |  |  |  | 143,686 |
Less accumulated depreciation |  |  |  |  |  | (101,285 | ) |  |  | (98,560 | )
Total property and equipment, net |  |  |  |  | $ | 80,411 |  |  | $ | 45,126 |
Depreciation Expense Related to Property and Equipment | Depreciation expense related to property and equipment was as follows (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Depreciation Expense |  | $ | 1,117 |  |  | $ | 952 |  |  | $ | 3,250 |  |  | $ | 2,278 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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