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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2024
PROPERTY AND EQUIPMENT [Abstract]  
Property And Equipment NOTE 8. PROPERTY AND EQUIPMENT

Property and equipment as of December 31, 2024 and 2023, respectively included the following:

Useful

December 31,

December 31,

(In thousands)

Life

2024

2023

Land

—

$

9,731

$

9,748

Buildings and improvements

31.5

100,128

102,449

Equipment

5-15

215,100

206,392

Instruments, modules, and cases

5

741,125

672,018

Other property and equipment

3-5

41,611

22,020

1,107,695

1,012,627

Less: accumulated depreciation and amortization

(545,786)

(425,695)

Total

$

561,909

$

586,932

Instruments are hand-held devices used by surgeons to install implants during surgery. Modules and cases are used to store and transport the instruments and implants.

Depreciation expense related to property and equipment was as follows:

Year Ended

December 31,

(In thousands)

2024

2023

2022

Depreciation

$

134,651

$

93,702

$

50,517