Property and Equipment
|3 Months Ended|
Mar. 31, 2022
|Property Plant And Equipment [Abstract]|
|Property and Equipment||
NOTE 7—PROPERTY AND EQUIPMENT
Property and equipment consists of the following (in thousands):
Depreciation expense was $1.8 million and $1.5 million for the three months ended March 31, 2022 and 2021, respectively.
In connection with the continued expansion of the Company’s facilities, at March 31, 2022 and March 31, 2021, the Company had net Asset Retirement Obligation (ARO) assets totaling $0.5 million and $0.7 million, respectively. The ARO assets are included in leasehold improvements.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef