v3.26.1
Property, Plant and Equipment and Inventory
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant and Equipment and Inventory Property, Plant and Equipment and Inventory
Property, plant and equipment
Property, plant and equipment is comprised of the following at June 30, 2026 and December 31, 2025 (in thousands):
June 30, 2026December 31, 2025
Machinery and equipment$263,780 $288,698 
Furniture, fixtures and other70,788 70,452 
Leasehold improvements99,584 99,449 
Buildings and land3,980 11,805 
Construction in process20,525 22,474 
458,657 492,878 
Less: accumulated depreciation(271,928)(283,136)
Total$186,729 $209,742 
Depreciation expense was $10.4 million and $22.3 million for the three and six months ended June 30, 2026 and $11.1 million and $23.4 million for the three and six months ended June 30, 2025, respectively.
Inventory
Inventory is comprised of the following at June 30, 2026 and December 31, 2025 (in thousands):
June 30, 2026December 31, 2025
Raw materials $65,782 $71,641 
Work-in-process19,442 16,667 
Finished goods317,680 347,196 
Less: obsolescence reserve(27,141)(31,402)
Total$375,763 $404,102