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Property, Plant and Equipment and Inventory
6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment and Inventory Property, Plant and Equipment and Inventory
Property, plant and equipment
Property, plant and equipment is comprised of the following at June 30, 2023 and December 31, 2022 (in thousands):
June 30, 2023December 31, 2022
Machinery and equipment$234,512 $225,027 
Furniture, fixtures and other71,469 66,445 
Leasehold improvements91,682 75,318 
Buildings and land13,546 13,386 
Construction in process16,569 18,091 
427,778 398,267 
Less: accumulated depreciation(222,974)(199,742)
Total$204,804 $198,525 
Depreciation expense was $12.8 million and $24.6 million for the three and six months ended June 30, 2023, respectively and $10.4 million and $20.3 million for the three and six months ended June 30, 2022, respectively.
Inventory
Inventory is comprised of the following at June 30, 2023 and December 31, 2022 (in thousands):
June 30, 2023December 31, 2022
Raw materials $98,089 $104,735 
Work-in-process29,668 30,158 
Finished goods687,166 621,854 
Less: obsolescence reserve(26,640)(28,664)
Total$788,283 $728,083