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PROPERTY, PLANT AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment Property, plant and equipment are recorded at cost and are depreciated over their estimated useful lives, unless the useful life is indefinite, using the straight-line method over the following estimated useful lives:

Buildings

 

10 - 40 years

Machinery and equipment

 

3 - 30 years

Leasehold improvements

 

2 - 5 years

Fixtures and furnishings

 

5 - 7 years

Land improvements

 

15 years

Land

 

Indefinite

Presented in the table below are the major classes of property, plant and equipment by category as of the below dates:

 

 

Year Ended December 31, 2025

 

(in thousands)

 

Cost

 

 

Accumulated
Depreciation

 

 

Net Book
Value

 

Buildings

 

$

84,757

 

 

$

7,046

 

 

$

77,711

 

Machinery and equipment

 

 

386,572

 

 

 

73,401

 

 

 

313,171

 

Leasehold improvements

 

 

4,829

 

 

 

2,959

 

 

 

1,870

 

Fixtures and furnishings

 

 

764

 

 

 

383

 

 

 

381

 

Land improvements

 

 

150

 

 

 

52

 

 

 

98

 

Land

 

 

1,150

 

 

 

 

 

 

1,150

 

Construction in progress

 

 

263,371

 

 

 

 

 

 

263,371

 

Total property, plant and equipment

 

$

741,593

 

 

$

83,841

 

 

$

657,752

 

 

 

Year Ended December 31, 2024

 

(in thousands)

 

Cost

 

 

Accumulated
Depreciation

 

 

Net Book
Value

 

Buildings

 

$

82,026

 

 

$

4,843

 

 

$

77,183

 

Machinery and equipment

 

 

374,639

 

 

 

48,452

 

 

 

326,187

 

Leasehold improvements

 

 

4,829

 

 

 

2,150

 

 

 

2,679

 

Fixtures and furnishings

 

 

800

 

 

 

286

 

 

 

514

 

Land improvements

 

 

150

 

 

 

42

 

 

 

108

 

Land

 

 

1,150

 

 

 

 

 

 

1,150

 

Construction in progress

 

 

266,258

 

 

 

 

 

 

266,258

 

Total property, plant and equipment

 

$

729,852

 

 

$

55,773

 

 

$

674,079

 

 

Summary of Depreciation Expense

Depreciation expense is recorded in the Consolidated Statements of Comprehensive Loss as follows:

 

 

Year Ended December 31,

 

(in thousands)

 

2025

 

 

2024

 

 

2023

 

Operating costs

 

$

25,876

 

 

$

27,691

 

 

$

12,289

 

Research and development costs

 

 

3,095

 

 

 

3,058

 

 

 

3,001

 

Selling, general, and administrative costs

 

 

149

 

 

 

571

 

 

 

645

 

Total depreciation expense

 

$

29,120

 

 

$

31,320

 

 

$

15,935