Quarterly report pursuant to Section 13 or 15(d)

Property Plant and Equipment

v3.23.3
Property Plant and Equipment
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property Plant and Equipment Property, Plant and Equipment
Property, plant, and equipment as of September 30, 2023 and December 31, 2022 are as follows:
Useful Life September 30, 2023 December 31, 2022
Land Indefinite $ 4.5  $ 4.5 
Building 39 years 2.5  2.5 
Manufacturing machinery and equipment
3-7 years
 41.5  38.8 
Leasehold improvements
 Over the shorter of the lease term or respective useful life 10.3  8.3 
Computer and software 3 years 9.7  9.6 
Furniture and fixtures, and vehicles
3-7 years
 4.1  3.6 
Construction in progress
 — 8.5  1.9 
$ 81.1  $ 69.2 
Less: accumulated depreciation
 (32.5) (27.1)
$ 48.6  $ 42.1 
Depreciation expense was approximately $2.2 and $2.0 for the three month periods ended September 30, 2023 and October 1, 2022, respectively, and $6.6 and $5.8 for the nine month periods ended September 30, 2023 and October 1, 2022, respectively.