v3.26.1
Note 8 - Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

Note 8.  Property, Plant & Equipment

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Property, plant and equipment consisted of the following for the periods indicated (in thousands):

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June 30, 2026

  

December 31, 2025

 

Land improvements

 $806  $806 

Buildings and improvements

  212,792   138,163 

Machinery and equipment

  527,292   404,145 

Furniture and fixtures

  8,928   6,974 

Computer equipment and software

  19,583   17,180 

Transportation equipment

  862   786 
   770,263   568,054 

Less accumulated depreciation

  (251,664)  (232,913)
   518,599   335,141 

Construction in progress

  168,805   39,808 

Land

  9,682   1,101 

Total property, plant and equipment, net

 $697,086  $376,050 

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Capital Equipment Prepayments

 

Other assets, net primarily consist of long-term prepayments made in connection with the Company's capital expansion projects. As of June 30, 2026, other assets, net was $324.0 million, compared to $50.9 million as of December 31, 2025. The increase was primarily attributable to advance payments for equipment and facility related capital expenditures associated with the Company's manufacturing expansion initiatives. These amounts are expected to be reclassified to property, plant and equipment as the related assets are received and placed into service.

 

For the three months ended June 30, 2026 and 2025, the depreciation expense of property, plant and equipment was $10.4 million and $6.3 million, respectively. For the six months ended June 30, 2026 and 2025, the depreciation expense of property, plant and equipment was $19.5 million and $11.9 million, respectively.