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Property, Plant and Equipment
3 Months Ended
Mar. 31, 2023
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

NOTE 7 - PROPERTY, PLANT AND EQUIPMENT

 

 

 

March 31,
2023

 

 

December 31,
2022

 

(Dollars in thousands)

 

 

 

 

 

 

Land and buildings

 

$

151,533

 

 

$

144,870

 

Machinery and equipment

 

 

923,436

 

 

 

887,222

 

Leasehold improvements and others

 

 

5,165

 

 

 

4,993

 

Construction in progress

 

 

85,014

 

 

 

80,263

 

 

 

1,165,148

 

 

 

1,117,348

 

Accumulated depreciation

 

 

(681,886

)

 

 

(643,388

)

Property, plant and equipment, net

 

$

483,262

 

 

$

473,960

 

 

Depreciation expense for the three months ended March 31, 2023 and March 31, 2022 was $18.0 million and $17.8 million, respectively.