Estimated useful lives are as follows:
Estimated
Useful Lives
Land
Building and Leasehold improvements
5 – 39 years
Computer equipment and software3 years
Machinery and equipment
5 – 15 years
Vehicles5 years
Property, plant and equipment, net consists of the following (dollars in thousands):
December 31,
20252024
Building and leasehold improvements$24,216 $27,429 
Machinery and equipment19,694 19,946 
Computer equipment and software19,927 17,814 
Furniture and fixtures2,887 2,949 
Land110 1,547 
Vehicles809 762 
Construction in progress8,584 10,925 
Property, plant and equipment, gross76,227 81,372 
Less: accumulated depreciation and amortization(33,372)(22,168)
Total property, plant and equipment, net$42,855 $59,204 

Historical Timeline

Fiscal YearFiled
2025Mar 2, 2026Showing above
2024Mar 3, 2025
2023Mar 6, 2024
2022Mar 15, 2023
2021Mar 16, 2022

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.