XML 40 R20.htm IDEA: XBRL DOCUMENT v3.25.2
Note 13 - Property, Plant and Equipment, Net
 6 Months Ended
Jun. 30, 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 June 30, 2025, and December 31, 2024 (in thousands):

 

   

June 30,

    

December 31,

  
   

2025

    

2024

  

Cost:

                

Land

   $ 22,176     $ 22,176  

Land improvements

     3,352       3,332  

Buildings and lease hold improvements

     107,787       107,110  

Plant and equipment

     1,168,277       1,128,525  
      1,301,592       1,261,143  

Less: Accumulated depreciation

     (761,182 )     (697,446 )

Total

   $ 540,410     $ 563,697  

 

The carrying amount of our property, plant and equipment recognized in respect of assets held under finance leases as of June 30, 2025 and December 31, 2024 and included in amounts above is as follows (in thousands):

 

   

June 30,

    

December 31,

  
   

2025

    

2024

  

Cost:

                

Buildings

   $ 20,344     $ 23,624  

Plant and equipment

     3,381       236  
      23,725       23,860  

Less: Accumulated amortization

     (12,667 )     (11,694 )

Total

   $ 11,058     $ 12,166  

 

Depreciation expense relating to property, plant and equipment, including assets under finance leases, was $33.8 million and $66.4 million for the three and six months ended June 30, 2025, respectively, and $28.3 million and $57.9 million for the three and six months ended June 30, 2024, respectively.