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PROPERTY AND EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
Property and equipment consists of the following as of the dates set forth below (in thousands):
June 30, 2026December 31, 2025
Furniture and fixtures$5,316 $5,155 
Computer equipment6,233 5,892 
Vehicles1,118 1,178 
Equipment23,816 6,294 
Leasehold improvements11,535 14,067 
Buildings36,943 — 
Plotters6,459 5,990 
Land10,176 — 
Construction in Progress27,112 1,097 
Total property and equipment$128,708 $39,673 
Less: accumulated depreciation24,248 23,876 
Property and equipment, net$104,460 $15,797 
The buildings are depreciated on a straight-line basis over estimated useful lives of 39 years.
Depreciation expense for the three months ended June 30, 2026 and 2025 was $1.8 million and $1.6 million, respectively. For the six months ended June 30, 2026 and 2025, depreciation expense was $3.4 million and $3.1 million, respectively.
During the six months ended June 30, 2026, the Company acquired the Properties (as defined below) for approximately $61.3 million, which consisted of land of $10.2 million, buildings of $36.9 million, and a vacant building of $14.2 million classified as construction in progress pending its intended use. The remaining construction in progress balance of $12.9 million relates primarily to manufacturing equipment, which is expected to be completed and placed in service during 2027.