v3.26.1
Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2026
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, 2026

 

 

December 31, 2025

 

Land

 

 

 

 

$

875

 

 

$

875

 

Buildings

 

39-40

 

 

 

17,389

 

 

 

17,389

 

Building improvements

 

5-40

 

 

 

91,818

 

 

 

90,988

 

Machinery and equipment

 

3-15

 

 

 

70,018

 

 

 

68,785

 

Furniture, fixtures and office equipment

 

5-10

 

 

 

3,166

 

 

 

3,122

 

Computer equipment and software

 

 

3

 

 

 

8,780

 

 

 

8,780

 

Construction in progress

 

 

 

 

 

10,937

 

 

 

6,397

 

 

 

 

 

 

 

202,983

 

 

 

196,336

 

Less accumulated depreciation

 

 

 

 

 

(117,823

)

 

 

(113,913

)

Total property and equipment, net

 

 

 

 

$

85,160

 

 

$

82,423

 

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,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Depreciation expense

 

$

2,031

 

 

$

2,039

 

 

$

4,046

 

 

$

4,097