Property and equipment consisted of the following:

 

 

As of December 31,

 

 

2025

 

 

2024

 

 

(in thousands)

 

Computer hardware

 

$

5,558

 

 

$

4,970

 

Machinery and equipment

 

 

23,683

 

 

 

18,793

 

Building and leasehold improvements

 

 

26,153

 

 

 

25,253

 

Gross property and equipment

 

 

55,394

 

 

 

49,016

 

Less accumulated depreciation

 

 

(28,397

)

 

 

(24,216

)

Property and equipment, net

 

$

26,997

 

 

$

24,800

 

 

Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Feb 28, 2025
2023Feb 29, 2024
2022Mar 1, 2023
2021Feb 28, 2022
2020Mar 12, 2021
2019Mar 12, 2020
2018Mar 11, 2019
2017Mar 9, 2018
2016Mar 9, 2017
2015Mar 10, 2016

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.