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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | NOTE 8: PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consist of the following:
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
|  | (in thousands) |
Land |  | $ | 49,329 |  |  | $ | 49,329 |
Buildings |  |  | 148,477 |  |  |  | 148,258 |
Machinery and equipment |  |  | 433,113 |  |  |  | 354,171 |
Leasehold improvements |  |  | 68,605 |  |  |  | 64,945 |
Computer equipment and software |  |  | 21,182 |  |  |  | 15,067 |
Rental engines |  |  | 202,070 |  |  |  | 183,449 |
Total property, plant and equipment, gross |  |  | 922,776 |  |  |  | 815,219 |
Less: accumulated depreciation |  |  | (354,169 | ) |  |  | (293,050 | )
Property, plant and equipment, net |  | $ | 568,607 |  |  | $ | 522,169 |
The Comp any’s depreciation expense for all property, plant and equipment, including assets recorded under finance leases, was $63.0 million, $70.1 million and $69.3 million for the years ended December 31, 2024, 2023, and 2022, respectively. Construction in Progress (“CIP”) assets that are not yet in use, which totaled $94.6 million and $39.3 million and for the years ended December 31, 2024 and 2023, respectively, are included in machinery and equipment and are not depreciated. Depreciation expense is included within cost of revenue. The Company determined that there was no impairment of the long-lived assets during the years ended December 31, 2024 and 2023. During the year ended December 31, 2022, as a result of the Russia-Ukraine conflict, the Company determined that the carrying value of certain rental engines exceeded their fair value and recorded a non-cash impairment charge of $2.2 million to Cost of revenue in the Consolidated Statements of Operations.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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