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Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment, Net.

Property, Plant and Equipment, Net

Note 8. Property, Plant and Equipment, Net

The following table summarizes property, plant and equipment, net as of December 31, 2022 and 2021:

​

​	​	​	​	​	​	​	​	​
(Thousands)		Depreciable Lives		December 31, 2022			December 31, 2021
Land	​	​	​	$	9,052	​	$	9,150
Buildings	​	10-40 years	​	​	44,425	​	​	43,895
Leasehold improvements(1)	​	​	​	​	1,651	​	​	613
Plant equipment	​	3-15 years	​	​	107,885	​	​	88,155
Vehicles and transportation equipment	​	3-5 years	​	​	700	​	​	876
IT systems	​	3-7 years	​	​	3,053	​	​	2,453
Furniture and fixtures	​	3-10 years	​	​	3,529	​	​	2,746
Customer beverage equipment(2)	​	3-5 years	​	​	21,930	​	​	24,341
Lease right-of-use assets(3)	​	​	​	​	36	​	​	—
Construction in progress and equipment deposits	​	​	​	​	59,947	​	​	8,025
​	​	​	​	​	252,208	​	​	180,254
Less: accumulated depreciation	​	​	​	​	(67,002)	​	​	(52,641)
Property, plant and equipment, net	​	​	​	$	185,206	​	$	127,613

1 - Leasehold improvements are amortized over the shorter of their estimated useful lives or the related lease life.

2 - Customer beverage equipment consists of brewers held on site at customer locations.

3 - Lease right-of-use assets are amortized over the shorter of the useful life of the asset or the lease term.

Depreciation expense for the years ended December 31, 2022, 2021 and 2020 was $17.4 million, $18.8 million and $18.2 million, respectively. Assets classified as construction in progress are not depreciated, as they are not ready for production use. All assets classified as construction in progress on December 31, 2022 are expected to be in production use.

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- References

No definition available.

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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://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI https://asc.fasb.org/topic&trid=2155823

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916

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