Property and Equipment:

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment [Text Block]

Property, Plant and Equipment

Property, plant and equipment consists of the following (in thousands): 

	As of
	March 31, 2024		December 31, 2023
Machinery and equipment	$	493,147	$	483,382
Land, building and building improvements	284,287		278,251
Molds	90,754		89,573
Computer equipment and software	125,150		122,038
Furniture and fixtures	30,578		30,662
Instruments placed with customers(1)	117,844		115,672
Construction in progress	105,287		117,219
Total property, plant and equipment, cost	1,247,047		1,236,797
Accumulated depreciation	(644,430)		(623,888)
Property, plant and equipment, net	$	602,617	$	612,909

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(1)    Instruments placed with customers consist of drug-delivery and monitoring systems placed with customers under operating leases.

Depreciation expense was $22.4 million and $23.4 million for the three months ended March 31, 2024 and 2023, respectively.