Property, Plant and Equipment

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment.

Property, Plant and Equipment

8. Property, Plant and Equipment

Property, plant and equipment at March 31, 2021 and December 31, 2020 consists of the following (in thousands):

	March 31, 2021		December 31, 2020
Land		1,165		1,165
Leasehold improvements	$	1,378	$	1,121
Software, machinery and equipment		104,071		94,449
Property, plant, and equipment		106,614		96,735
Less: accumulated depreciation		(23,791)		(22,186)
Property, plant, and equipment, net	$	82,823	$	74,549

Depreciation expense related to property, plant and equipment was $1.6 million and $0.9 million for the periods ended March 31, 2021 and 2020, respectively.