PROPERTY, PLANT AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2026

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Presented in the table below are the major classes of property, plant and equipment by category as of the below dates:


(dollars in thousands)		Estimated Useful Life (Years)		June 30, 2026				December 31, 2025
Buildings		10 - 40		$	84,846			$	84,757
Machinery and equipment		3 - 30			410,216				386,572
Leasehold improvements		2 - 15			4,829				4,829
Fixtures and furnishings		5 - 7			764				764
Land improvements		15			150				150
Land		Indefinite			1,150				1,150
Construction in progress		N/A			260,015				263,371
Total property, plant and equipment at cost					761,970				741,593
Less: Accumulated depreciation					(98,377	)			(83,841	)
Property, plant, and equipment, net				$	663,593			$	657,752

Summary of Depreciation Expense

Depreciation expense is recorded in the Condensed Consolidated Statements of Comprehensive Loss as follows:


		Three Months Ended June 30,								Six Months Ended June 30,
(in thousands)		2026				2025				2026				2025
Cost of operations		$	6,663			$	6,453			$	13,240			$	12,972
Research and development			679				773				1,457				1,547
Selling, general and administrative			25				37				49				94
Total depreciation expense		$	7,367			$	7,263			$	14,746			$	14,613