v3.26.3
Property, Plant, and Equipment, Net
9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant, and Equipment, Net Property, Plant, and Equipment, Net
Property, plant, and equipment, net was comprised of the following (in thousands):
September 30, 2026December 31, 2025
Land$20,559 $19,690 
Buildings234,777 234,599 
Leasehold improvements153,184 133,833 
Machinery and equipment546,778 473,076 
Furniture and fixtures17,574 16,170 
Vehicles2,282 2,018 
Computer equipment83,100 76,825 
Construction-in-progress147,773 92,909 
Total property, plant, and equipment1,206,027 1,049,120 
Less: Accumulated depreciation(633,393)(606,170)
Property, plant, and equipment, net$572,634 $442,950 
Depreciation expense for the three and nine months ended September 30, 2026 was $14.7 million and $40.8 million, respectively. Depreciation expense for the three and nine months ended September 30, 2025 was $14.5 million and $43.7 million, respectively.
During the three months ended September 30, 2026, the Company recorded a $13.8 million impairment charge related to certain equipment used in R&D activities as a result of a change in the expected future utilization of the assets. The impairment charge was recorded in R&D expense for the three and nine months ended September 30, 2026.