Sample inventory is carried at cost less accumulated depreciation.
Depreciable lives are generally as follows:
Building and building improvements
25 to 30 years
Furniture and fixtures
5 to 7 years
Computer equipment
3 to 5 years
Business software
3 years
Office and other equipment
5 to 7 years
Instruments
5 years
Sample inventory
2 years
Property and equipment, net consisted of the following:
December 31,
20252024
Land$2,350 $2,350 
Building and building improvements11,168 11,318 
Computer equipment and software6,458 5,029 
Office and other equipment7,056 6,377 
Instruments68,698 60,878 
Sample inventory3,419 3,419 
Construction in progress8,271 7,342 
107,420 96,713 
Less: accumulated depreciation(57,865)(46,117)
Total property and equipment, net$49,555 $50,596 

Historical Timeline

Fiscal YearFiled
2025Mar 4, 2026Showing above
2024Mar 5, 2025
2023Mar 8, 2024
2022Mar 1, 2023
2021Mar 3, 2022
2020Mar 11, 2021
2019Mar 5, 2020
2018Mar 7, 2019
2017Mar 15, 2018

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.