v3.24.2.u1
PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2024
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

NOTE F — PROPERTY AND EQUIPMENT, NET

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

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​

​

​

​

​

​

​

​

​

    

Useful Life

    

​

​

    

​

​

​

​

 In Years

​

June 30, 2024

​

December 31, 2023

Tooling and equipment

 

7 - 15

​

$

16,720

​

$

16,024

Furniture and other equipment

 

5

​

 

12,475

​

 

12,076

Computer software

 

5

​

 

2,555

​

 

2,374

Leasehold improvements

 

3 - 10

​

 

21,081

​

 

16,269

Equipment under capital lease

 

5

​

 

-

​

 

192

Flight equipment held for R&D

​

2

​

​

8,368

​

​

7,784

​

​

​

​

 

61,199

​

 

54,719

Less accumulated depreciation

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​

​

 

(28,516)

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(27,027)

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​

​

​

$

32,683

​

$

27,692

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Depreciation expense, which includes amortization of equipment under capital lease, amounted to $1.2 million and $0.9 million for the three months ended June 30, 2024 and 2023, respectively. Depreciation expense, which includes amortization of equipment under capital lease, amounted to $2.3 million and $1.8 million for the six months ended June 30, 2024 and 2023, respectively.