Annual report [Section 13 and 15(d), not S-K Item 405]

PROPERTY, PLANT AND EQUIPMENT

v3.26.1
PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
 5. PROPERTY, PLANT AND EQUIPMENT
The components of property, plant and equipment (“PPE”) are as follows:
As of December 31,
2025 2024
Buildings and building components $ 91,225  $ 89,124 
Land 12,956  12,956 
Leasehold improvements 55,775  47,514 
Machinery and equipment 24,946  23,959 
Furniture, fixtures and office equipment (including computers)
 23,769  22,597 
Construction-in-process 4,808  2,533 
Total property, plant and equipment - gross 213,479  198,683 
Less: Accumulated depreciation (70,158) (54,620)
Total property, plant and equipment - net $ 143,321  $ 144,063 
Construction-in-process represents assets under construction for manufacturing and retail build-outs not yet ready for use.
Total depreciation was $16,550, $18,851 and $17,961 for the years ended December 31, 2025, 2024 and 2023, respectively. Interest expense capitalized to PPE totaled $400, $75 and $523 for the years ended December 31, 2025, 2024 and 2023, respectively.