Property and Equipment |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 $1.6 and $0.8 million for the three months ended June 30, 2021 and 2020 respectively and $3.1 million and $1.5 million for the six months ended June 30, 2021 and June 30, 2020. In connection with the continued expansion of the Company’s facilities, at June 30, 2021 and December 31, 2020, the Company had net Asset Retirement Obligation (ARO) assets totaling $0.7 million and $0.8 million, respectively. The ARO assets are included in leasehold improvements. |
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- References No definition available.
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- Definition 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
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