| Property, Plant and Equipment |
Property, Plant and Equipment Property, plant and equipment consisted of the following: | | | | | | | | | | | | | | | | | | | ($ in thousands) | Estimated Useful Lives | | June 30,
2025 | | December 31,
2024 | | Land | | | $ | 4,514 | | | $ | 4,514 | | | Land improvements | 10 years | | 3,777 | | | 3,717 | | | Buildings and structures | 10 - 45 years | | 53,509 | | | 52,706 | | | Cable and fiber | 12 - 30 years | | 1,385,739 | | | 1,294,689 | | | Equipment and software | 4 - 12 years | | 445,371 | | | 417,057 | | | Total plant in service | | | 1,892,910 | | | 1,772,683 | | | Plant under construction | | | 229,719 | | | 207,428 | | | Total property, plant and equipment | | | 2,122,629 | | | 1,980,111 | | | Less: accumulated depreciation and amortization | | | (598,635) | | | (541,573) | | | Property, plant and equipment, net | | | $ | 1,523,994 | | | $ | 1,438,538 | |
Property, plant and equipment, net increased primarily due to capital expenditures to support the Company’s Glo Fiber market expansion. The Company’s accounts payable as of June 30, 2025 and December 31, 2024 included amounts associated with capital expenditures of approximately $57.3 million and $55.1 million, respectively. Depreciation and amortization expense was $34.6 million and $25.1 million during the three months ended June 30, 2025 and 2024, respectively, and $63.6 million and $42.4 million during the six months ended June 30, 2025 and 2024, respectively. The Company also wrote-off $4.2 million plant under construction inventory assets during the three and six months ended June 30, 2025. The write-off related to plant under construction inventory assets that are no longer planned to be used. These amounts are presented in depreciation and amortization in the Company’s unaudited condensed consolidated statements of operations.
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