Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
 9 Months Ended
Sep. 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:
September 30, 2023 (unaudited) December 31, 2022
Buildings and building components $ 88,636  $ 80,697 
Land 12,956  14,085 
Leasehold improvements 46,858  43,472 
Machinery and equipment 27,844  27,615 
Furniture, fixtures and office equipment (including computer) 20,825  16,126 
Construction-in-process 1,064  20,086 
Property, plant and equipment, gross 198,183  202,081 
Less: Accumulated depreciation (34,502) (24,326)
Property, plant and equipment, net $ 163,681  $ 177,755 
Construction-in-process represents assets under construction for manufacturing and retail build-outs not yet ready for use.
Depreciation was $3,815 and $4,790 for the three months ended September 30, 2023 and 2022, respectively, and $13,110 and $11,090 for the nine months ended September 30, 2023 and 2022, respectively. Interest expense capitalized to PPE
totaled $54 and $124 for the three months ended September 30, 2023 and 2022, respectively, and $464 and $2,171 for the nine months ended September 30, 2023 and 2022, respectively.

As of September 30, 2023, the Company reclassified $2,496 from Property, plant and equipment, net to Assets held for sale. Refer to Note 4 - Prepaid Expenses and Other Current Assets for additional information.