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Property, Plant and Equipment, Net | 6 Months Ended
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Jun. 30, 2025
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment, Net | Property, Plant and Equipment, Net Property, plant and equipment, net consists of the following (dollars in thousands):
| June 30, |  | December 31,
| 2025 |  | 2024
| (unaudited) |  | (audited)
Building and leasehold improvements | $ | 24,110 |  |  | $ | 27,429 |
Machinery and equipment | 20,033 |  |  | 19,946 |
Computer equipment and software | 19,132 |  |  | 17,814 |
Furniture and fixtures | 2,937 |  |  | 2,949 |
Land | 110 |  |  | 1,547 |
Vehicles | 762 |  |  | 762 |
Construction in progress | 10,336 |  |  | 10,925 |
Property, plant, and equipment, gross | 77,420 |  |  | 81,372 |
Less: accumulated depreciation and amortization | (28,069) |  |  | (22,168) |
Total property, plant and equipment, net | $ | 49,351 |  |  | $ | 59,204 |
The total depreciation expense for internal use software was $2,725 and $4,059 for the three and six months ended June 30, 2025, respectively, and $1,014 and $2,003 for the three and six months ended June 30, 2024, respectively. All long-lived assets are located in the United States. Assets Held for Sale During the second quarter of 2025, management committed to a plan to sell office property located in Salt Lake City, Utah. As of June 30, 2025, the Company reclassified the carrying value of this office property to assets held for sale. The property, including the land, building and improvements had a net carrying value of $4,294 and was previously classified within "Property, plant and equipment, net" on the consolidated balance sheet. On July 17, 2025, the Company entered into an agreement to sell this Salt Lake City property for $5,350, which sale is expected to close in 60 days from the date of the agreement, or September 15, 2025.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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