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Property and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

5. Property and Equipment:

 

Property and equipment consists of the following (in thousands):

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Building

 

$

8,286

 

 

$

8,286

 

Land

 

 

2,032

 

 

 

2,032

 

Equipment and other

 

 

161,197

 

 

 

155,361

 

 

 

171,515

 

 

 

165,679

 

Accumulated depreciation

 

 

(132,335

)

 

 

(126,507

)

 

$

39,180

 

 

$

39,172

 

 

The Company recorded depreciation expense of $14.3 million, $22.7 million and $28.1 million for the years ended December 31, 2025, 2024 and 2023, respectively.