PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

8.PROPERTY AND EQUIPMENT, NET

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

	December 31,
	2023		2022
Land	$	2,758	$	1,811
Building and improvements		38,994		9,946
Machinery and equipment		49,257		31,765
Furniture and fixtures		2,061		1,585
Computer equipment and software		10,389		6,888
Molds and dyes		21,838		16,934
Leasehold improvements		12,358		9,640
Vehicles		4,923		4,883
Construction in progress		17,599		46,581
		160,177		130,033
Less: Accumulated depreciation		(47,163)		(31,849)
	$	113,014	$	98,184

Depreciation and amortization expense related to property and equipment during the years ended December 31, 2023, 2022 and 2021 was $13.8 million, $10.0 million, and $9.7 million, respectively. Construction in progress recorded as of December 31, 2023 and 2022 primarily related to an ongoing effort to increase fiberglass molds and fiberglass production capacity as well as ERP costs. The Company recorded aggregate losses on sales and disposals of property and equipment of $0.3 million, $0.2 million, and $0.3 million during the years ended December 31, 2023, 2022 and 2021, respectively.