Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.23.1
PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
 6. PROPERTY, PLANT AND EQUIPMENT
The components of property, plant and equipment (“PPE”) are as follows:
As of December 31,
2022 2021
Buildings and building components $ 80,697  $ 49,697 
Land 14,085  12,380 
Leasehold improvements 43,472  24,042 
Machinery and equipment 27,615  12,656 
Furniture, fixtures and office equipment (including computer) 16,126  10,221 
Construction-in-process 20,086  35,625 
Total property, plant and equipment - gross $ 202,081  $ 144,621 
Less: Accumulated depreciation (24,326) (7,341)
Total property, plant and equipment - net $ 177,755  $ 137,280 
Construction-in-process represents assets under construction for manufacturing and retail build-outs not yet ready for use.
Total depreciation, including depreciation from assets held under finance leases (which are reflected separately in the consolidated balance sheets), was $23,898, $8,808 and $2,293 for the years ended December 31, 2022, 2021 and 2020, respectively.
Interest expense capitalized to PPE totaled $2,616, $977 and $1,074 for the years ended December 31, 2022, 2021 and 2020, respectively.