v3.25.1
PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2025
PROPERTY AND EQUIPMENT [Abstract]  
Property And Equipment NOTE 8. PROPERTY AND EQUIPMENT

Property and equipment included the following as of March 31, 2025 and December 31, 2024, respectively:

Useful

March 31,

December 31,

(In thousands)

Life

2025

2024

Land

$

9,741

$

9,731

Buildings and improvements

31.5

101,957

100,128

Equipment

5-15

220,060

215,100

Instruments, modules, and cases

5

749,948

741,125

Other property and equipment

3-5

46,518

41,611

1,128,224

1,107,695

Less: accumulated depreciation and amortization

(571,728)

(545,786)

Total

$

556,496

$

561,909

Instruments are hand-held devices used by surgeons to install implants during surgery. Modules and cases are used to store and transport the instruments and implants.

Depreciation expense related to property and equipment was as follows during the three months ended March 31, 2025 and 2024 respectively:

Three Months Ended

March 31,

(In thousands)

2025

2024

Depreciation

$

37,272

$

25,584