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Property, Plant and Equipment, net | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment, net | Property, Plant and Equipment, net Property, plant and equipment consisted of the following:
| December 31,
(in thousands) | 2024 |  | 2023
Land | $ | 61,054 |  |  | $ | 62,587 |
Buildings and site improvements | 246,138 |  |  | 246,021 |
Leasehold improvements | 11,313 |  |  | 7,782 |
Machinery and equipment | 567,322 |  |  | 516,017 |
| 885,827 |  |  | 832,407 |
Less accumulated depreciation and amortization | (516,320) |  |  | (474,974) |
| 369,507 |  |  | 357,433 |
Capital projects in progress | 162,148 |  |  | 61,179 |
| $ | 531,655 |  |  | $ | 418,612 |
Property, plant and equipment as of December 31, 2024, and 2023, includes fully depreciated assets with an original cost of $402.1 million and $352.5 million, respectively, which are still in use. The Company capitalizes certain development costs associated with internal use software, including the direct costs of services provided by third-party consultants and payroll for internal employees, both of which are performing development and implementation activities on a software project. As of December 31, 2024, and 2023, the Company had capitalized software development costs net of accumulated amortization of $35.9 million and $33.8 million, respectively, included in machinery and equipment and as of December 31, 2024, and 2023, and $16.1 million and $9.7 million, respectively, was included in capital projects in progress. Depreciation expense, including depreciation of equipment and amortization of internally developed and acquired software, was $59.7 million, $51.2 million, and $43.4 million for the years ended December 31, 2024, 2023 and 2022, respectively.

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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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