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Property, Plant and Equipment | 9 Months Ended
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Sep. 28, 2024
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Property, Plant and Equipment The Company records property, plant and equipment at cost and includes finance lease assets in “Property, plant and equipment, net” in its condensed consolidated balance sheets. A summary of property, plant, and equipment as of September 28, 2024 and December 31, 2023 is as follows:
(in thousands) |  | September 28, 2024 |  | December 31, 2023
Manufacturing equipment |  | $ | 163,969 |  |  | $ | 165,028 |
Research and development equipment |  | 20,690 |  |  | 19,594 |
Leasehold improvements |  | 18,429 |  |  | 23,898 |
Building |  | 23,112 |  |  | 22,813 |
Finance leases |  | 5,477 |  |  | 1,086 |
Software |  | 2,842 |  |  | 3,568 |
Furniture and fixtures |  | 934 |  |  | 1,079 |
Vehicles |  | 594 |  |  | 584 |
Land |  | 5,491 |  |  | 5,478 |
Assets not yet placed in service |  | 42,553 |  |  | 43,123 |
Total property, plant and equipment |  | $ | 284,091 |  |  | $ | 286,251 |
Less: accumulated depreciation and amortization |  | 95,976 |  |  | 92,205 |
Property, plant and equipment, net |  | $ | 188,115 |  |  | $ | 194,046 |
Depreciation and amortization expense in the three months ended September 28, 2024 and September 30, 2023 was $5.3 million and $5.8 million, respectively. Of the total depreciation and amortization expense in the three months ended September 28, 2024 and September 30, 2023, $4.7 million and $5.1 million, respectively, were recorded in cost of goods sold, $0.5 million and $0.5 million, respectively, were recorded in research and development expenses, and $0.1 million and $0.2 million, respectively, were recorded in SG&A expenses in the Company’s condensed consolidated statements of operations. Depreciation and amortization expense in the nine months ended September 28, 2024 and September 30, 2023 was $17.5 million and $17.7 million, respectively. Of the total depreciation and amortization expense in the nine months ended September 28, 2024 and September 30, 2023, $15.3 million and $15.7 million, respectively, were recorded in cost of goods sold, $1.5 million and $1.4 million, respectively, were recorded in research and development expenses, and $0.7 million and $0.6 million, respectively, were recorded in SG&A expenses in the Company’s condensed consolidated statements of operations. The Company had $2.3 million and $4.5 million in property, plant and equipment concluded to meet the criteria for assets held for sale as of September 28, 2024 and December 31, 2023, respectively. The Company recorded $0.1 million in loss on sale of fixed assets in each of the three months ended September 28, 2024 and September 30, 2023, and recorded $0.5 million and $3.9 million in loss on sale of fixed assets in the nine months ended September 28, 2024 and September 30, 2023, respectively.

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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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