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Property, Plant and Equipment and Inventory
6 Months Ended
Jun. 30, 2025
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, 2025 and December 31, 2024 (in thousands):
June 30, 2025December 31, 2024
Machinery and equipment$283,073 $269,367 
Furniture, fixtures and other69,002 72,721 
Leasehold improvements98,757 120,046 
Buildings and land11,614 11,375 
Construction in process23,125 24,807 
485,571 498,316 
Less: accumulated depreciation(268,984)(253,570)
Total$216,587 $244,746 
Depreciation expense was $11.1 million and $23.4 million for the three and six months ended June 30, 2025, respectively and $10.3 million and $21.1 million for the three and six months ended June 30, 2024, respectively.
Inventory
Inventory is comprised of the following at June 30, 2025 and December 31, 2024 (in thousands):
June 30, 2025December 31, 2024
(As Restated)
Raw materials $84,607 $80,145 
Work-in-process25,404 19,672 
Finished goods538,171 515,242 
Less: obsolescence reserve(42,702)(43,811)
Total$605,480 $571,248