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Fixed Assets
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 5. Fixed Assets

Major classes of fixed assets consisted of the following:

 

 

Useful Lives

June 30, 2024

 

 

December 31, 2023

 

 

 

(in thousands)

 

Medical lab equipment

5 months to 12 Years

$

54,152

 

 

$

56,025

 

Building improvements

6 months to 39 Years

 

16,383

 

 

 

7,748

 

Building

39 Years

 

15,923

 

 

 

9,781

 

Computer software

1 to 5 Years

 

8,039

 

 

 

7,982

 

Computer hardware

1 to 5 Years

 

6,882

 

 

 

6,805

 

Aircraft

7 Years

 

6,400

 

 

 

6,400

 

Leasehold improvements

Shorter of lease term or estimated useful life

 

5,556

 

 

 

11,222

 

Furniture and fixtures

1 to 5 Years

 

3,491

 

 

 

3,860

 

Land improvements

5 to 15 Years

 

904

 

 

 

904

 

Automobile

3 to 7 Years

 

450

 

 

 

445

 

General equipment

3 to 5 Years

 

108

 

 

 

115

 

Land

 

 

12,675

 

 

 

8,800

 

Assets not yet placed in service

 

 

7,842

 

 

 

15,010

 

Total

 

 

138,805

 

 

 

135,097

 

Less: Accumulated depreciation

 

 

(45,437

)

 

 

(51,633

)

Fixed assets, net

 

$

93,368

 

 

$

83,464

 

Depreciation expenses on fixed assets totaled $4.0 million and $8.6 million for the three and six months ended June 30, 2024, respectively, and $4.1 million and $8.8 million for the three and six months ended June 30, 2023, respectively.