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Note 4 - Property and Equipment
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

4. Property and Equipment:

 

Property and equipment consist of the following (Dollar amounts in thousands of U.S. dollars): 

 

  

December 31,

  

December 31,

 
  

2023

  

2022

 

Computer equipment

 $53,818  $43,440 

Computer software

  1,926   1,935 

Capitalized internal use software

  38,379   25,172 

Furniture and equipment

  1,880   1,708 

Vehicles and tools

  10,594   9,144 

Fiber network

  215,205   168,587 

Customer equipment and installations

  48,041   36,382 

Land

  1,109   1,109 

Buildings

  9,118   8,864 

Assets under construction

  75,519   62,588 

Leasehold improvements

  727   624 
   456,316   359,553 

Less:

        

Accumulated depreciation

  116,672   78,058 
  $339,644  $281,495 

 

Depreciation of property and equipment (Dollar amounts in thousands of U.S. dollars):

 

  

Year Ended December 31,

  

Year Ended December 31,

  

Year Ended December 31,

 
  

2023

  

2022

  

2021

 

Depreciation of property and equipment

 $36,431  $28,187  $17,986 

 

During the years ended December 31, 2023, 2022, and 2021 property, plant, and equipment with net book values of $4.8 million, $0.1 million, and $0.2 million, respectively, were written off and included in impairment of property and equipment in the consolidated statement of comprehensive income. The impairment losses incurred in 2023 related to specific network assets that were identified as being damaged and no longer in use. The full cost of the identified assets was recorded as an impairment loss.