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Note 13 - Property, Plant and Equipment, Net
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

13.

Property, plant and equipment, net

 

Property, plant and equipment, net consisted of the following as of June 30, 2024, and December 31, 2023 (in thousands):

 

  

June 30,

  

December 31,

 
  

2024

  

2023

 

Cost:

        

Land

 $22,176  $22,176 

Land improvements

  3,332   3,332 

Buildings and lease hold improvements

  102,017   100,404 

Plant and equipment

  1,049,713   971,178 
   1,177,238   1,097,090 

Less: accumulated depreciation

  (641,700)  (583,868)

Total

 $535,538  $513,222 

 

The carrying amount of our property, plant and equipment recognized in respect of assets held under finance leases as of June 30, 2024 and December 31, 2023 and included in amounts above is as follows (in thousands):

 

  

June 30,

  

December 31,

 
  

2024

  

2023

 

Cost:

        

Buildings

 $23,539  $23,859 

Plant and equipment

  743   589 

Total

  24,282   24,448 

Less: accumulated amortization

  (11,370)  (10,315)

Total

 $12,912  $14,133 

 

Depreciation expense relating to property, plant and equipment, including assets under finance leases, was $28.3 million and $57.9 million for the three and six months ended June 30, 2024, and $27.8 million and $53.3 million for the three and six months ended June 30, 2023, respectively.

 

During the six months ended June 30, 2023 assets held for sale were sold for net proceeds $2.0 million.