Property, Plant and Equipment

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment

Property, Plant and Equipment

7. Property, Plant and Equipment

Property, plant and equipment at June 30, 2021 and December 31, 2020 consists of the following (in thousands):

	June 30, 2021		December 31, 2020
Land		1,165		1,165
Leasehold improvements	$	1,401	$	1,121

Software, machinery and equipment		133,349		94,449
Property, plant, and equipment		135,915		96,735
Less: accumulated depreciation		(25,440)		(22,186)
Property, plant, and equipment, net	$	110,475	$	74,549

Depreciation expense related to property, plant and equipment was $1.6 million and $0.9 million for the three months ended June 30, 2021 and 2020, respectively. Depreciation expense related to property, plant and equipment was $3.3 million and $1.8 million for the six months ended June 30, 2021 and 2020, respectively.