| Inventory, Property, Plant and Equipment |
Inventory and Property, Plant, and Equipment | | | | | | | | | | | | | | | | | | | Inventory | December 31, | | (in thousands) | 2024 | | 2023 | | 2022 | | (As Restated) | | (As Restated) | | (As Restated) | | Raw materials and supplies | $ | 80,145 | | | $ | 89,504 | | | $ | 100,469 | | | Work-in-process | 19,672 | | | 24,827 | | | 26,960 | | | Finished goods | 515,242 | | | 443,908 | | | 465,872 | | | 615,059 | | | 558,239 | | | 593,301 | | | Less: obsolescence reserve | (43,811) | | | (35,730) | | | (31,851) | | | Total | $ | 571,248 | | | $ | 522,509 | | | $ | 561,450 | |
| | | | | | | | | | | | | | | | | | | Property, plant and equipment | December 31, | | (in thousands) | 2024 | | 2023 | | 2022 | | Machinery and equipment | $ | 269,367 | | | $ | 233,970 | | | $ | 215,011 | | | Office furniture, computers and software | 72,721 | | | 66,244 | | | 58,461 | | | Leasehold improvements | 120,046 | | | 95,262 | | | 70,267 | | | Buildings and land | 11,375 | | | 12,816 | | | 12,629 | | | Construction in process | 24,807 | | | 15,197 | | | 17,654 | | | 498,316 | | | 423,489 | | | 374,022 | | | Less: accumulated depreciation | (253,570) | | | (232,206) | | | (190,625) | | | Total | $ | 244,746 | | | $ | 191,283 | | | 183,397 | |
Depreciation expense was approximately $43.9 million, $46.0 million and $39.5 million for the years ended December 31, 2024, 2023 and 2022, respectively.
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