Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment, net.

Property, Plant and Equipment, net

Note 7. Property, Plant and Equipment, net

The components of property, plant and equipment are as follows:

	December 31,
	2023		2022
	(in thousands)
Land and buildings	$	21,802	$	18,001
Machinery and equipment		41,547		34,728
Construction in process		17,055		10,189
Total cost		80,404		62,918
Accumulated depreciation		(26,433)		(23,254)
Property, plant and equipment, net	$	53,971	$	39,664

Depreciation expense was $6.2 million, $5.1 million and $4.2 million for the years ended December 31, 2023, 2022 and 2021, respectively.