v3.26.3
Property and Equipment, net
 9 Months Ended
Sep. 30, 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)

 

September 30,
2026

 

 

December 31,
2025

 

Surgical instruments

 

4

 

$

339,319

 

 

$

311,517

 

Machinery and equipment

 

7

 

 

13,310

 

 

 

13,123

 

Computer equipment

 

3

 

 

33,109

 

 

 

32,434

 

Office furniture and equipment

 

5

 

 

6,409

 

 

 

6,548

 

Leasehold improvements

 

various

 

 

4,500

 

 

 

4,402

 

Construction in progress

 

n/a

 

 

1,846

 

 

 

646

 

 

 

 

 

 

398,493

 

 

 

368,670

 

Less: accumulated depreciation
   and amortization

 

 

 

 

(258,795

)

 

 

(233,346

)

Property and equipment, net

 

 

 

$

139,698

 

 

$

135,324

 

 

Total depreciation and amortization expense was $15.8 million and $45.6 million for the three and nine months ended September 30, 2026, respectively. Total depreciation and amortization expense was $14.9 million and $45.7 million for the three and nine months ended September 30, 2025, respectively. 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 and amortization expense.