v3.26.1
Property, Plant and Equipment, net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant and Equipment, net Property, Plant and Equipment, net
Property, plant and equipment consist of the following at:
(Dollars in thousands)June 30, 2026December 31, 2025
Land and land improvements$7,319 $4,471 
Wind energy generation51,572 — 
Buildings and leasehold improvements49,919 36,464 
Computers and related software14,343 13,542 
Machinery and equipment27,355 19,522 
Office furniture and fixtures87 74 
Construction in progress8,116 16,215 
158,711 90,288 
Less: Accumulated depreciation(20,910)(15,505)
$137,801 $74,783 
Depreciation expense was approximately $3.3 million and $1.6 million for the three months ended June 30, 2026 and 2025, respectively. Depreciation expense was approximately $5.5 million and $3.1 million for the six months ended June 30, 2026 and 2025, respectively.
The Briscoe Project wind generation facility as discussed in Note 5 was measured at fair value as of April 1, 2026. The assigned fair value of approximately $51.6 million is being depreciated on a straight-line basis over fifteen years, the estimated remaining useful life of the facility.