Useful lives by major asset class are as follows: | | | | | | | | Estimated useful lives | | Machinery, equipment and software | 2 - 5 years | | Leasehold improvements | up to 10 years | | Furniture and fixtures | 3 - 5 years | | Store fixtures | 1 - 3 years |
Property and equipment as of March 31, 2026 and March 31, 2025 consists of the following (in thousands): | | | | | | | | | | | | | | | | March 31, 2026 | | March 31, 2025 | | | | Machinery, equipment and software | $ | 21,477 | | | $ | 21,673 | | | | | Leasehold improvements | 33,381 | | | 22,463 | | | | | Furniture and fixtures | 5,358 | | | 2,838 | | | | | Store fixtures | 4,690 | | | 9,309 | | | | | Property and equipment, gross | 64,906 | | | 56,283 | | | | | Less: Accumulated depreciation and amortization | (23,410) | | | (27,496) | | | | | Property and equipment, net | $ | 41,496 | | | $ | 28,787 | | | |
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