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Property, Plant and Equipment | 9 Months Ended
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Sep. 30, 2022
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | 9. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following:
|  | As of |  |  | As of |
(In thousands) |  | September 30, 2022 |  |  | December 31, 2021 |
Engineering and other equipment |  | $ | 162,445 |  |  | $ | 134,771 |
Building |  |  | 80,807 |  |  |  | 68,157 |
Computer hardware and software |  |  | 79,990 |  |  |  | 72,274 |
Building and land improvements |  |  | 40,132 |  |  |  | 35,578 |
Furniture and fixtures |  |  | 20,891 |  |  |  | 19,917 |
Land |  |  | 5,298 |  |  |  | 4,575 |
Other assets |  |  | 4,835 |  |  |  | — |
Total property, plant and equipment |  |  | 394,398 |  |  |  | 335,272 |
Less: accumulated depreciation |  |  | (289,821 | ) |  |  | (279,506 | )
Total property, plant and equipment, net |  | $ | 104,577 |  |  | $ | 55,766 |
Long-lived assets used in operations are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable and the undiscounted cash flows estimated to be generated by the asset are less than the asset’s carrying value. In connection with the planned integration of information technology following the Business Combination, we determined that certain projects no longer fit our needs. As a result the Company recognized impairment charges of $17.0 million during the three and nine months ended September 30, 2022 related to capitalized implementation costs for a cloud computing arrangement. The impairment charges were determined based on actual costs incurred. Depreciation expense was $7.1 million and $3.0 million for the three months ended September 30, 2022 and 2021, respectively, and $12.6 million and $9.1 million for the nine months ended September 30, 2022 and 2021, respectively, which is recorded in cost of revenue, selling, general and administrative expenses and research and development expenses in the Condensed Consolidated Statements of Loss.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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