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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2024
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, 2024, 2023, and 2022:
| Balance at Beginning of Period |  | Charged to Costs and Expenses |  | Acquisition |  | Deductions |  | Balance at End of Period
Dollars in thousands |  |  |  |
Year Ended: |  |  |  |  |  |  |  |  |
December 31, 2024 | $ | 4,879 |  |  | 3,416 |  |  | 2,162 |  |  | (3,540) |  |  | $ | 6,917 |
December 31, 2023 | $ | 4,304 |  |  | 2,963 |  |  | — |  |  | (2,388) |  |  | $ | 4,879 |
December 31, 2022 | $ | 4,735 |  |  | 238 |  |  | — |  |  | (669) |  |  | $ | 4,304 |
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 thousands | 2024 |  | 2023
Finished goods | $ | 223,729 |  |  | $ | 196,402 |
Work in process | 79,423 |  |  | 74,035 |
Raw materials | 125,938 |  |  | 119,171 |
Total inventories, net | $ | 429,090 |  |  | $ | 389,608 |
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 thousands | 2024 |  | 2023 |  | Useful Lives
Land | $ | 952 |  |  | $ | 978 |  |  |
Buildings and building improvements | 19,748 |  |  | 14,859 |  |  | 5-40 years
Leasehold improvements | 179,904 |  |  | 171,062 |  |  | 1-20 years
Machinery and equipment | 214,786 |  |  | 202,023 |  |  | 3-20 years
Information systems and hardware | 171,739 |  |  | 160,899 |  |  | 1-7 years
Furniture, fixtures, and office equipment | 18,887 |  |  | 20,549 |  |  | 1-15 years
Construction-in-progress | 196,630 |  |  | 137,276 |  |  |
Total | 802,646 |  |  | 707,646 |  |  |
Less: Accumulated depreciation | (396,923) |  |  | (367,447) |  |  |
Property, plant and equipment, net | $ | 405,723 |  |  | $ | 340,199 |  |  |
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 years ended December 31, 2024 and 2023.
|  | Years Ended December 31,
(Dollars in thousands) |  | 2024 |  | 2023
Balance, beginning of the year |  | $ | 2,113 |  |  | $ | 5,107 |
Charges: |  |  |  |
Cost of Goods Sold |  | 377 |  |  | — |
Research and development |  | 602 |  |  | — |
Selling, general and administrative |  | 3,968 |  |  | 1,048 |
Payments and other adjustments |  | (1,909) |  |  | (4,042) |
Balance, end of the year |  | $ | 5,151 |  |  | $ | 2,113 |

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