Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2023
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:
June 30, 2023 (unaudited) December 31, 2022
Buildings and building components $ 91,775  $ 80,697 
Land 14,301  14,085 
Leasehold improvements 45,104  43,472 
Machinery and equipment 29,595  27,615 
Furniture, fixtures and office equipment (including computer) 20,441  16,126 
Construction-in-process 852  20,086 
Property, plant and equipment, gross 202,068  202,081 
Less: Accumulated depreciation (32,243) (24,326)
Property, plant and equipment, net $ 169,825  $ 177,755 
Construction-in-process represents assets under construction for manufacturing and retail build-outs not yet ready for use.
PPE depreciation was $4,483 and $3,753 for the three months ended June 30, 2023 and 2022, respectively, and $9,295 and $6,300 for the six months ended June 30, 2023 and 2022, respectively. Interest expense capitalized to PPE totaled $222 and $1,303 for the three months ended June 30, 2023 and 2022, respectively, and $410 and $2,047 for the six months ended June 30, 2023 and 2022, respectively.