v3.26.3
Property, Plant and Equipment and Inventory
 9 Months Ended
Sep. 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 September 30, 2026 and December 31, 2025 (in thousands):
September 30, 2026December 31, 2025
Machinery and equipment$267,352 $288,698 
Furniture, fixtures and other73,502 70,452 
Leasehold improvements100,878 99,449 
Buildings and land4,277 11,805 
Construction in process17,735 22,474 
463,744 492,878 
Less: accumulated depreciation(281,119)(283,136)
Total$182,625 $209,742 
Depreciation expense was $10.3 million and $32.6 million for the three and nine months ended September 30, 2026 and $10.9 million and $34.2 million for the three and nine months ended September 30, 2025, respectively.
Inventory
Inventory is comprised of the following at September 30, 2026 and December 31, 2025 (in thousands):
September 30, 2026December 31, 2025
Raw materials $62,146 $71,641 
Work-in-process20,213 16,667 
Finished goods314,535 347,196 
Less: obsolescence reserve(26,666)(31,402)
Total$370,228 $404,102