Property and equipment, net, consists of the following:
Estimated
Useful Lives
December 31,
2025
December 31,
2024
Leasehold improvements
1 to 15 years
$13,635 $14,099 
Machinery, equipment and computer software
1 to 15 years
30,829 28,719 
Furniture and fixtures
3 to 5 years
3,832 4,937 
Total48,296 47,755 
Less: Accumulated depreciation and amortization(30,690)(29,076)
$17,606 $18,679 

Historical Timeline

Fiscal YearFiled
2025Mar 31, 2026Showing above
2024Sep 19, 2025
2023Apr 24, 2024
2022Mar 16, 2023
2021Feb 28, 2022
2020Mar 4, 2021
2019Mar 10, 2020
2018Mar 6, 2019
2017Mar 14, 2018
2016Mar 10, 2017
2015Mar 28, 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.