v3.26.1
Note 13 - Property, Plant and Equipment, Net
 6 Months Ended
Jun. 30, 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 June 30, 2026, and December 31, 2025 (in thousands):

 

  

June 30,

  

December 31,

 
  

2026

  

2025

 

Cost:

        

Land

 $22,176  $22,176 

Land improvements

  3,403   3,352 

Buildings and lease hold improvements

  109,702   108,857 

Plant and equipment

  1,272,527   1,221,892 
   1,407,808   1,356,277 

Less: Accumulated depreciation

  (893,195)  (833,120)

Total

 $514,613  $523,157 

 

The carrying amount of our property, plant and equipment recognized in respect of assets held under finance leases as of June 30, 2026 and December 31, 2025 and included in amounts above is as follows (in thousands):

 

  

June 30,

  

December 31,

 
  

2026

  

2025

 

Cost:

        

Buildings

 $20,344  $20,344 

Plant and equipment

  3,299   3,299 
   23,643   23,643 

Less: Accumulated amortization

  (14,803)  (13,694)

Total

 $8,840  $9,949 

 

Depreciation expense relating to property, plant and equipment, including assets under finance leases, was $33.1 million and $65.6 million for the three and six months ended June 30, 2026, respectively, and $33.8 million and $66.4 million for the three and six months ended June 30, 2025, respectively.