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Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Summary of 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