XML 26 R15.htm IDEA: XBRL DOCUMENT v3.25.1
Property, Plant & Equipment
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant & Equipment PROPERTY, PLANT & EQUIPMENT
Property, plant and equipment, net consisted of the following for the periods specified (in thousands):
March 31, 2025December 31, 2024
Property, plant and equipment$222,345 $220,542 
Accumulated depreciation(142,661)(139,735)
Property, plant and equipment — net$79,684 $80,807 
Property, plant, and equipment are recorded at cost, unless obtained through acquisition, then assets are recorded at estimated fair value at the date of acquisition. Depreciation is provided on a straight-line method over the estimated useful lives of the assets. The carrying amount of long-lived assets is evaluated annually to determine if an adjustment to the depreciation period or to the unamortized balance is warranted. Depreciation expense for the three months ended March 31, 2025 and 2024 was $2,929,000 and $2,873,000, respectively. Amounts invested in capital additions in progress were $3,915,000 and $3,437,000 at March 31, 2025 and December 31, 2024, respectively. At March 31, 2025 and December 31, 2024, purchase commitments for capital expenditures in progress were $2,653,000 and $2,802,000, respectively.