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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment |
7. | PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment consist of the following as of December 31 (in thousands):
|  | 2023 |  |  | 2022 |
Machinery and equipment |  | $ | 545,037 |  |  | $ | 529,975 |
Building and improvements |  |  | 145,821 |  |  |  | 120,116 |
Forklifts and tractors |  |  | 24,646 |  |  |  | 24,516 |
Computer equipment |  |  | 18,497 |  |  |  | 16,182 |
Furniture and fixtures |  |  | 9,489 |  |  |  | 6,180 |
Construction in process |  |  | 247,659 |  |  |  | 161,035 |
Land |  |  | 29,143 |  |  |  | 24,886 |
Total property, plant and equipment |  |  | 1,020,292 |  |  |  | 882,890 |
Accumulated depreciation |  |  | (310,890 | ) |  |  | (292,998 | )
Total property, plant and equipment, net |  | $ | 709,402 |  |  | $ | 589,892 |
The Company had construction in process as of December 31, 2023, of approximately $248 million. The Company expects that substantially all of the above noted construction in process will be completed and put into service during or before the year ending December 31, 2026. Depreciation expense for the years ended December 31, 2023, 2022, and 2021, was $49.8 million, $43.9 million, and $35.5 million, 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//1943274/2147480321/958-360-50-6 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//1943274/2147480321/958-360-50-1 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//1943274/2147480321/958-360-50-7 + Details
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