v3.25.2
Property, Plant and Equipment,
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment,

4. Property, Plant and Equipment, net

 

Property, plant and equipment consist of the following at:

 

(Dollars in thousands)  June 30, 2025   December 31, 2024 
Land and land improvements  $2,177   $1,553 
Buildings and leasehold improvements   29,163    25,453 
Computers and related software   11,774    11,533 
Machinery and equipment   13,536    9,324 
Office furniture and fixtures   74    34 
Construction in progress   12,728    9,250 
Property, plant and equipment, gross   69,452    57,147 
Less: Accumulated depreciation   (12,931)   (9,864)
Property, plant and equipment, net  $56,521   $47,283 

 

Depreciation expense was approximately $1.6 million and $1.5 million for the three months ended June 30, 2025 and 2024, respectively. Depreciation expense was approximately $3.1 million for the six months ended June 30, 2025 and 2024.