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Property, Plant, and Equipment, Net | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Property, Plant, and Equipment, Net | Property, Plant, and Equipment, Net Property, plant, and equipment, net were as follows:
| December 31,
(In thousands) | 2023 |  | 2022
Buildings | $ | 17,806 |  |  | $ | 18,291 |
Computer equipment | 9,679 |  |  | 9,344 |
Furniture and fixtures | 3,598 |  |  | 3,529 |
Leasehold and building improvements | 33,049 |  |  | 39,761 |
Machinery and equipment | 82,302 |  |  | 96,947 |
Software | 28,074 |  |  | 23,607 |
Tooling | 30,724 |  |  | 31,898 |
| 205,232 |  |  | 223,377 |
Accumulated depreciation | (163,301) |  |  | (170,474) |
| 41,931 |  |  | 52,903 |
Construction in progress | 2,688 |  |  | 9,888 |
Total property, plant, and equipment, net | $ | 44,619 |  |  | $ | 62,791 |
Depreciation expense was $18.0 million, $19.9 million and $22.8 million for the years ended December 31, 2023, 2022 and 2021, respectively. During the three months ended September 30, 2023, as part of our manufacturing footprint optimization efforts, we made the decision to close our southwestern China factory and manufacturing operations were stopped in September 2023. We are also planning to downsize and streamline the Mexico operations by moving to a smaller, more efficient facility. As a result of these decisions, we recorded impairment charges of $7.7 million, of which $7.6 million and $0.1 million is recorded in cost of sales and selling, general and administrative expenses, respectively. In addition, during the year ended December 31, 2023, we recorded an additional $0.2 million of impairment charges, recorded in cost of sales, relating to the underutilization of property, plant and equipment in our other PRC-based factories. During the year ended December 31, 2022, we incurred $2.9 million in impairment charges, recorded in cost of sales, relating to the underutilization of certain property, plant and equipment in our Mexico factory. During the year ended December 31, 2021, we incurred $3.3 million in impairment charges, recorded in cost of sales, relating to the underutilization of property, plant and equipment in our PRC-based factories, as a result of our long-term factory planning strategy of reducing our concentration risk in that region. Construction in progress was as follows:
| December 31,
(In thousands) | 2023 |  | 2022
Leasehold and building improvements | $ | 623 |  |  | $ | 475 |
Machinery and equipment | 738 |  |  | 2,282 |
Software | 11 |  |  | 4,862 |
Tooling | 1,197 |  |  | 1,827 |
Other | 119 |  |  | 442 |
Total construction in progress | $ | 2,688 |  |  | $ | 9,888 |
We expect that most of the assets under construction will be placed into service during the first six months of 2024. We will begin to depreciate the cost of these assets under construction once they are placed into service. Long-lived tangible assets by geographic area, which include property, plant, and equipment, net and operating lease ROU assets, were as follows:
| December 31,
(In thousands) | 2023 |  | 2022
United States | $ | 13,245 |  |  | $ | 16,427 |
People's Republic of China | 26,679 |  |  | 42,893 |
Mexico | 9,227 |  |  | 14,402 |
Vietnam | 10,089 |  |  | 6,923 |
All other countries | 4,072 |  |  | 3,745 |
Total long-lived tangible assets | $ | 63,312 |  |  | $ | 84,390 |

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