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Property, plant and equipment (Tables)
12 Months Ended
Dec. 31, 2024
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)

 

2024

 

 

2023

 

Cost

 

 

 

 

 

 

Buildings

 

$

3,874

 

 

$

4,103

 

Plant and equipment

 

 

76,481

 

 

 

70,252

 

Instrumentation

 

 

176,387

 

 

 

154,192

 

Computer software

 

 

41,396

 

 

 

43,040

 

Furniture and fixtures

 

 

9,832

 

 

 

11,010

 

Construction in progress

 

 

22,693

 

 

 

41,751

 

Finance lease assets

 

 

21,383

 

 

 

23,337

 

Property, plant, and equipment, gross

 

 

352,046

 

 

 

347,685

 

Accumulated depreciation

 

 

(212,242

)

 

 

(188,625

)

Property, plant, and equipment, net

 

$

139,804

 

 

$

159,060