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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Accounts Receivable, Allowance for Credit Loss
The below table shows the roll forward of the allowance for doubtful accounts for the years ended December 31, 2023, 2022 and 2021:
Balance at Beginning of PeriodCharged to Costs and ExpensesOtherDeductionsBalance at End of Period
Dollars in thousands
Year Ended:
December 31, 2023$4,304 2,963 — (2,388)$4,879 
December 31, 2022$4,735 238 — (669)$4,304 
December 31, 2021$6,439 (1,059)341 (986)$4,735 
(1)Deductions primarily relates to allowance for doubtful accounts written off during the year, net of recoveries and other adjustments.
Schedule of Inventories Inventories consisted of the following:
 December 31,
Dollars in thousands2023 2022
Finished goods196,402 $172,088 
Work in process74,035 70,598 
Raw materials119,171 81,897 
Total inventories, net$389,608 $324,583 
Schedule of Property, Plant and Equipment Balances and Corresponding Lives
Property, plant and equipment balances and corresponding lives were as follows:
 December 31,
Dollars in thousands20232022Useful Lives
Land$978 $966 
Buildings and building improvements14,859 14,710 
5-40 years
Leasehold improvements171,062 163,342 
1-20 years
Machinery and production equipment198,127 182,730 
3-20 years
Demonstration equipment3,896 3,792 
4-5 years
Information systems and hardware160,899 151,330 
1-7 years
Furniture, fixtures, and office equipment20,549 20,286 
1-15 years
Construction-in-progress137,276 103,875 
Total707,646 641,031 
Less: Accumulated depreciation(367,447)(329,729)
Property, plant and equipment, net$340,199 $311,302 
Restructuring and Related Costs The following table summarizes the restructuring related accrual balances included within accrued expenses and other current liabilities in the consolidated balance sheet for the year ended December 31, 2023 and 2022.
Years Ended December 31,
(Dollars in thousands)20232022
Balance, beginning of the year$5,107 $10,226 
Charges:
Cost of Goods Sold— 1,494 
Research and development— 72
Selling, general and administrative1,048 5,582 
Payments and other adjustments(4,042)(12,267)
Balance, end of the year$2,113 $5,107