v3.25.2
Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2025
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

Property and equipment consisted of the following (dollars in thousands):

 

 

Estimated Useful
Life (Years)

 

 

June 30, 2025

 

 

December 31, 2024

 

Land

 

 

 

 

$

875

 

 

$

875

 

Buildings

 

39-40

 

 

 

17,389

 

 

 

17,389

 

Building improvements

 

5-40

 

 

 

90,813

 

 

 

90,813

 

Machinery and equipment

 

3-15

 

 

 

66,611

 

 

 

64,879

 

Furniture, fixtures and office equipment

 

5-10

 

 

 

3,122

 

 

 

3,122

 

Computer equipment and software

 

 

3

 

 

 

8,814

 

 

 

8,814

 

Construction in progress

 

 

 

 

 

6,056

 

 

 

6,149

 

 

 

 

 

 

 

193,680

 

 

 

192,041

 

Less accumulated depreciation

 

 

 

 

 

(110,715

)

 

 

(106,676

)

Total property and equipment, net

 

 

 

 

$

82,965

 

 

$

85,365

 

Depreciation Expense Related to Property and Equipment

Depreciation expense related to property and equipment was as follows (in thousands):

 

 

Three Months
Ended June 30,

 

 

Six Months
Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Depreciation Expense

 

$

2,039

 

 

$

1,711

 

 

$

4,097

 

 

$

3,052