Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Property, Plant and Equipment, Net

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Property, Plant and Equipment, Net
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net
Note 7. Property, Plant and Equipment, Net
Property, plant and equipment, net consisted of the following:
December 31,
2024 2023
(U.S. $ in thousands)
Machinery and equipment $ 147,763  $ 158,883 
Buildings and improvements 179,977  173,117 
Computer equipment and software 56,714  54,038 
Office equipment, furniture and fixtures 14,056  14,301 
Land 18,867  19,019 
417,377  419,358 
Accumulated depreciation and amortization and impairment (237,658) (224,185)
179,719  195,173 
Construction work in progress 4,660  2,379 
$ 184,379  $ 197,552 
Depreciation expenses were $21.5 million, $22.4 million and $22.6 million in the years ended December 31, 2024, 2023 and 2022, respectively. During the years ended December 31, 2024, 2023 and 2022, the Company recorded impairment charges of $0 million, $4.4 million and $3.8 million, respectively, which were recorded in the Consolidated Statements of Operations and Comprehensive Loss under cost of sales.