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Property, plant and equipment (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Useful Lives of Assets

The useful lives of these assets are generally as follows:

 

 

Years

Buildings

 

25 to 33

Plant and equipment

 

1 to 10

Instrumentation

 

3 to 4

Computer software

 

3 to 7

Furniture and fixtures

 

4 to 8

Schedule of Property, Plant and Equipment The assets and related accumulated depreciation are adjusted for property retirements and disposals, with the resulting gain or loss included in earnings. Fully depreciated assets remain in the accounts until retired from service.

 

 

December 31,

 

(U.S. Dollars, in thousands)

 

2023

 

 

2022

 

Cost

 

 

 

 

 

 

Buildings

 

$

4,103

 

 

$

3,867

 

Plant and equipment

 

 

70,252

 

 

 

48,358

 

Instrumentation

 

 

154,192

 

 

 

92,607

 

Computer software

 

 

43,040

 

 

 

40,685

 

Furniture and fixtures

 

 

11,010

 

 

 

7,917

 

Construction in progress

 

 

41,751

 

 

 

4,515

 

Finance lease assets

 

 

23,337

 

 

 

23,276

 

Property, plant, and equipment, gross

 

 

347,685

 

 

 

221,225

 

Accumulated depreciation

 

 

(188,625

)

 

 

(162,996

)

Property, plant, and equipment, net

 

$

159,060

 

 

$

58,229