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Note 13 - Property, Plant and Equipment, Net
 3 Months Ended
Mar. 31, 2025
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 March 31, 2025, and December 31, 2024 (in thousands):

 

  

March 31,

  

December 31,

 
  

2025

  

2024

 

Cost:

        

Land

 $22,176  $22,176 

Land improvements

  3,352   3,332 

Buildings and lease hold improvements

  107,837   107,110 

Plant and equipment

  1,149,298   1,128,525 
   1,282,663   1,261,143 

Less: accumulated depreciation

  (728,971)  (697,446)

Total

 $553,692  $563,697 

 

The carrying amount of our property, plant and equipment recognized in respect of assets held under finance leases as of March 31, 2025 and December 31, 2024 and included in amounts above is as follows (in thousands):

 

  

March 31,

  

December 31,

 
  

2025

  

2024

 

Cost:

        

Buildings

 $20,344  $23,624 

Plant and equipment

  3,381   236 
   23,725   23,860 

Less: accumulated amortization

  (12,113)  (11,694)

Total

 $11,612  $12,166 

 

Depreciation expense relating to property, plant and equipment, including assets under finance leases, was $32.6 million for the three months ended March 31, 2025, and $29.6 million for the three months ended March 31, 2024, respectively.