Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

v3.22.1
Property, Plant and Equipment (Tables)
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Schedule of Property, plant, and equipment, net

Property, plant and equipment, net, consisted of the following:

(in thousands)

 

Estimated Useful Life (Years)

 

March 31, 2022

 

 

December 31, 2021

 

Land and improvements

 

20

 

$

92

 

 

$

92

 

Leasehold improvements

 

Shorter of useful life or lease term

 

 

27,893

 

 

 

27,845

 

Buildings

 

15-40

 

 

2,156

 

 

 

2,156

 

Machinery and equipment

 

5-20

 

 

99,716

 

 

 

97,923

 

Motor vehicles

 

7-10

 

 

912

 

 

 

912

 

Furniture and fixtures

 

7-10

 

 

433

 

 

 

420

 

Office equipment

 

3-10

 

 

3,467

 

 

 

3,368

 

Construction in progress

 

N/A

 

 

262,226

 

 

 

212,647

 

 

 

 

 

 

396,895

 

 

 

345,363

 

Accumulated depreciation and amortization

 

 

 

 

(32,260

)

 

 

(29,182

)

Property, plant and equipment, net

 

 

 

$

364,635

 

 

$

316,181

 

Schedule of depreciation and amortization expense

We reported depreciation and amortization expense (which included amortization of intangible assets) as follows:

 

 

Three Months Ended March 31,

 

 

(in thousands)

 

2022

 

 

2021

 

 

Cost of revenue

 

$

2,227

 

 

$

1,839

 

 

Selling, general and administrative

 

 

161

 

 

 

96

 

 

Research and development

 

 

1,871

 

 

 

165

 

 

Total depreciation and amortization expense

 

$

4,259

 

 

$

2,100