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Property and Equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following (in thousands):
Estimated useful livesDecember 31,
20232022
Land$4,843 $4,763 
Buildings and leasehold improvements
5-30
46,596 49,705 
Computer equipment
3-5
44,944 42,545 
Machinery & equipment
5-10
119,687 117,145 
Other
2-10
18,115 15,292 
Construction in progress1,562 4,530 
235,747 233,980 
Less: accumulated depreciation(174,346)(171,017)
Property and equipment, net$61,401 $62,963 
Depreciation expense was $10.8 million and $12.4 million for the years ended December 31, 2023 and 2022, respectively.
During 2022, the Company disposed land and buildings related to a sale-leaseback transaction with a net book value of approximately $25.1 million and received net proceeds of $32.1 million. The Company recognized a gain of $7.0 million as a result, which is reported in operating expense in the consolidated statements of comprehensive income (loss).