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Property, Plant and Equipment, net
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, net

4. Property, Plant and Equipment, net

 

Property, plant and equipment consist of the following at:

   

(Dollars in thousands)  September 30, 2025   December 31, 2024 
Land and land improvements  $2,800   $1,553 
Buildings and leasehold improvements   32,292    25,453 
Computers and related software   12,719    11,533 
Machinery and equipment   16,246    9,324 
Office furniture and fixtures   74    34 
Construction in progress   14,537    9,250 
Property, plant and equipment, gross   78,668    57,147 
Less: Accumulated depreciation   (14,669)   (9,864)
Property, plant and equipment, net  $63,999   $47,283 

 

 

Depreciation expense was approximately $1.7 million and $1.5 million for the three months ended September 30, 2025 and 2024, respectively. Depreciation expense was approximately $4.9 million and $4.6 million for the nine months ended September 30, 2025 and 2024, respectively.