Redwire Corporation General form of registration statement for all companies including face-amount certificate companies

Property, Plant and Equipment, net (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Expected useful lives for property, plant and equipment are reviewed at least annually. Estimated useful lives are as follows:


			Estimated useful life in years
Computer equipment			3
Furniture and fixtures			7
Laboratory equipment			3-10
Software			3-5
Leasehold improvements			5 or lease term

Expected useful lives are reviewed at least annually. Estimated useful lives are as follows:


Property, plant and equipment						Estimated useful life in years
Computer equipment						3
Furniture and fixtures						7
Laboratory equipment						3-10
Software						3-5
Leasehold improvements						5 or lease term

The property, plant and equipment, net balances were as follows:


	Successor
	December 31, 2021		December 31, 2020
Computer equipment	$	1,380	$	739
Furniture and fixtures	783		442
Laboratory equipment	16,856		1,357
Software	—		359
Leasehold improvements	2,205		672
Construction in process	415		—
Less: accumulated depreciation	(2,255)		(307)
Total property, plant and equipment, net	$	19,384	$	3,262

The table below presents the depreciation expense related to property, plant and equipment for the following periods:


	Successor				Predecessor
	Year Ended December 31, 2021		Period from February 10, 2020 to December 31, 2020		Period from January 1, 2020 to June 21, 2020
Depreciation expense	$	1,944	$	307	$	59