Redwire Corporation Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment, net (Tables)

12 Months Ended

Dec. 31, 2023

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

Leasehold improvements			shorter of 5 or lease term
Assets subject to finance lease			lease term

Property, plant and equipment, net were as follows:



	December 31, 2023						December 31, 2022
	United States		Europe		Total		United States		Europe		Total
Computer equipment	$	1,755	$	559	$	2,314	$	1,256	$	252	$	1,508
Furniture and fixtures	1,181		39		1,220		1,062		38		1,100
Laboratory equipment	5,086		594		5,680		3,646		483		4,129

Leasehold improvements	2,764		4,683		7,447		2,229		4,475		6,704
Finance lease ROU assets	—		2,004		2,004		—		944		944
Construction in process	3,782		—		3,782		1,408		—		1,408
Property, plant and equipment, gross	14,568		7,879		22,447		9,601		6,192		15,793
Less: accumulated depreciation	(4,631)		(1,907)		(6,538)		(2,785)		(247)		(3,032)
Total property, plant and equipment, net	$	9,937	$	5,972	$	15,909	$	6,816	$	5,945	$	12,761

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