Quarterly report [Sections 13 or 15(d)]

PROPERTY, PLANT AND EQUIPMENT

v3.26.1
PROPERTY, PLANT AND EQUIPMENT
 3 Months Ended
Mar. 31, 2026
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:
March 31, 2026 (unaudited) December 31, 2025
Buildings and building components $ 91,260  $ 91,225 
Land 12,956  12,956 
Leasehold improvements 57,984  55,775 
Machinery and equipment 24,886  24,946 
Furniture, fixtures and office equipment
 24,267  23,769 
Construction-in-process 3,848  4,808 
Total property, plant and equipment - gross
 215,201  213,479 
Less: Accumulated depreciation (73,925) (70,158)
Total property, plant and equipment - net
 $ 141,276  $ 143,321 
Construction-in-process represents assets under construction for manufacturing and retail build-outs not yet ready for use.
Depreciation was $4,010 and $4,502 for the three months ended March 31, 2026 and 2025, respectively. Interest expense capitalized to PPE totaled $93 and $62 for the three months ended March 31, 2026 and 2025, respectively.