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Property, Plant and Equipment, net
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, net

10. Property, Plant and Equipment, net

Property, plant and equipment consists of:

 

 

Estimated Useful

 

December 31,

 

 

 

Lives

 

2023

 

 

2022

 

 

 

 

 

(In thousands)

 

Land improvements

 

10 - 25 years

 

$

7,910

 

 

$

7,240

 

Buildings

 

15 - 40 years

 

 

174,085

 

 

 

169,315

 

Machinery, equipment and other

 

3 - 10 years

 

 

440,008

 

 

 

385,745

 

 

 

 

 

622,003

 

 

 

562,300

 

Less: Accumulated depreciation

 

 

 

 

(439,776

)

 

 

(410,850

)

 

 

 

 

182,227

 

 

 

151,450

 

Land

 

 

 

 

10,357

 

 

 

9,858

 

Construction work in process

 

 

 

 

25,047

 

 

 

19,962

 

Total property, plant and equipment

 

 

 

$

217,631

 

 

$

181,270

 

 

Depreciation expense totaled $26.7 million, $26.6 million and $27.2 million for 2023, 2022 and 2021, respectively.