Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

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Property and Equipment (Tables)
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment and Depreciation Expense Property and equipment as of March 31, 2024 and December 31, 2023, consisted of the following (in thousands).
March 31, 2024 December 31, 2023
Machinery and equipment $ 99,031  $ 100,335 
Building and leasehold improvements 38,321  36,651 
Office equipment and software 4,281  2,561 
Furniture and fixtures 904  898 
Land 1,433  1,433 
Construction in process 80,056  68,958 
Total property and equipment 224,026  210,836 
Less: accumulated depreciation (64,862) (44,365)
Property and equipment, net $ 159,164  $ 166,471 
The following table summarizes the depreciation and amortization expenses related to property and equipment, which are recorded within cost of revenue, research and development expense and selling, general and administrative expense in the Condensed Consolidated Statements of Operations (in thousands).
Quarters Ended
March 31, 2024 April 2, 2023
Depreciation expense $ 23,799  $ 3,455