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Property, Plant and Equipment, Net | 6 Months Ended
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Jun. 30, 2024
Property, Plant and Equipment, Net |
Property, Plant and Equipment, Net | Note 7. Property, Plant and Equipment, Net The following table summarizes property, plant and equipment, net as of June 30, 2024 and December 31, 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in Thousands) |  | Depreciable Lives |  | June 30, 2024 |  | December 31, 2023
Land | ​ | ​ | ​ | $ | 6,630 | ​ | $ | 8,778
Buildings | ​ | 10-40 years | ​ | ​ | 38,164 | ​ | ​ | 35,911
Leasehold improvements(1) | ​ | ​ | ​ | ​ | 12,764 | ​ | ​ | 9,800
Plant equipment | ​ | 3-15 years | ​ | ​ | 145,307 | ​ | ​ | 128,639
Vehicles and transportation equipment | ​ | 3-5 years | ​ | ​ | 637 | ​ | ​ | 648
IT systems | ​ | 3-7 years | ​ | ​ | 12,853 | ​ | ​ | 8,909
Furniture and fixtures | ​ | 3-10 years | ​ | ​ | 7,002 | ​ | ​ | 3,294
Customer beverage equipment(2) | ​ | 3-5 years | ​ | ​ | 23,089 | ​ | ​ | 22,931
Lease right-of-use assets(3) | ​ | ​ | ​ | ​ | 81 | ​ | ​ | 81
Construction in progress and equipment deposits | ​ | ​ | ​ | ​ | 265,161 | ​ | ​ | 208,308
​ | ​ | ​ | ​ | ​ | 511,688 | ​ | ​ | 427,299
Less: accumulated depreciation | ​ | ​ | ​ | ​ | (93,441) | ​ | ​ | (83,261)
Property, plant and equipment, net | ​ | ​ | ​ | $ | 418,247 | ​ | $ | 344,038
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 three and six months ended June 30, 2024 was $5.8 million and $11.3 million, respectively, and depreciation expense for the three and six months ended June 30, 2023 was $4.1 million and $8.0 million, respectively. Assets classified as construction in progress and equipment deposits are not depreciated, as they are not ready for production use. All assets classified as construction in progress and equipment deposits at June 30, 2024 are expected to be in production use.

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