v3.26.1
Note 13 - Property, Plant and Equipment, Net
 3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

13.

Property, plant and equipment, net

 

Property, plant and equipment, net consisted of the following as of March 31, 2026, and December 31, 2025 (in thousands):

 

  

March 31,

  

December 31,

 
  

2026

  

2025

 

Cost:

        

Land

 $22,176  $22,176 

Land improvements

  3,403   3,352 

Buildings and lease hold improvements

  109,623   108,857 

Plant and equipment

  1,237,624   1,221,892 
   1,372,826   1,356,277 

Less: Accumulated depreciation

  (862,888)  (833,120)

Total

 $509,938  $523,157 

 

The carrying amount of our property, plant and equipment recognized in respect of assets held under finance leases as of March 31, 2026 and December 31, 2025 and included in amounts above is as follows (in thousands):

 

  

March 31,

  

December 31,

 
  

2026

  

2025

 

Cost:

        

Buildings

 $20,344  $20,344 

Plant and equipment

  3,299   3,299 
   23,643   23,643 

Less: Accumulated amortization

  (14,249)  (13,694)

Total

 $9,394  $9,949 

 

Depreciation expense relating to property, plant and equipment, including assets under finance leases, was $32.5 million and $32.6 million for the three months ended March 31, 2026 and 2025, respectively.