Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT, NET (Tables)

v3.22.4
PROPERTY AND EQUIPMENT, NET (Tables)
12 Months Ended
Dec. 31, 2022
PROPERTY AND EQUIPMENT, NET  
Schedule of Property, Plant and equipment

Property and equipment, net, consisted of the following (in thousands):

    

Useful Life

    

    

 In Years

December 31, 2022

December 31, 2021

Tooling and equipment

 

7 - 15

$

14,649

$

13,530

Furniture and other equipment

 

5

 

10,090

 

7,928

Computer software

 

5

 

2,152

 

1,998

Leasehold improvements

 

3 - 6

 

7,390

 

3,632

Equipment under capital lease

 

5

 

192

 

192

 

34,473

 

27,280

Less accumulated depreciation

 

(21,835)

 

(19,930)

$

12,638

$

7,350

Schedule of depreciation expense on property, plant and equipment

Depreciation expense, which includes amortization of equipment under capital lease, was as follows (in thousands):

Year Ended December 31, 

2022

2021

2020

Depreciation expense

$

2,242

$

1,997

$

2,139