| Property, Plant, and Equipment |
Our property, plant and equipment consist of the following: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | | | | | | | | | Property, plant and equipment: | (in thousands) | | | | Land | $ | 17,148 | | | $ | 17,148 | | | | | Buildings | 381,710 | | | 366,919 | | | | | Machinery & equipment | 601,671 | | | 555,801 | | | | | | | | | | | Furniture and fixtures | 80,313 | | | 63,909 | | | | | | | | | | | Total property, plant and equipment | 1,080,842 | | | 1,003,777 | | | | | Less: Accumulated depreciation | 398,063 | | | 372,515 | | | | | Property, plant and equipment, net | $ | 682,779 | | | $ | 631,262 | | | |
Depreciation expense is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | (in thousands) | | | Depreciation expense | $ | 22,153 | | | $ | 18,267 | | | $ | 41,514 | | | $ | 35,135 | | | | |
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