v3.26.1
Property and Equipment, net
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

4. Property and Equipment, net

Property and equipment, net consist of the following (in thousands, except as indicated):

 

 

 

Useful lives
(in years)

 

March 31,
2026

 

 

December 31,
2025

 

Surgical instruments

 

4

 

$

325,432

 

 

$

311,517

 

Machinery and equipment

 

7

 

 

13,208

 

 

 

13,123

 

Computer equipment

 

3

 

 

32,687

 

 

 

32,434

 

Office furniture and equipment

 

5

 

 

6,264

 

 

 

6,548

 

Leasehold improvements

 

various

 

 

4,421

 

 

 

4,402

 

Construction in progress

 

n/a

 

 

1,331

 

 

 

646

 

 

 

 

 

 

383,343

 

 

 

368,670

 

Less: accumulated depreciation
   and amortization

 

 

 

 

(245,298

)

 

 

(233,346

)

Property and equipment, net

 

 

 

$

138,045

 

 

$

135,324

 

 

Total depreciation and amortization expense was $14.6 million and $15.8 million, respectively, for the three months ended March 31, 2026 and 2025. Construction in progress is not depreciated until placed in service. Property and equipment, net includes assets under financing leases and the related amortization of assets under financing leases is included in depreciation expense.