XML 22 R15.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

NOTE 7 - PROPERTY, PLANT AND EQUIPMENT

 

 

 

March 31,
2024

 

 

December 31,
2023

 

(Dollars in thousands)

 

 

 

 

 

 

Land and buildings

 

$

147,534

 

 

$

145,912

 

Machinery and equipment

 

 

942,443

 

 

 

934,223

 

Leasehold improvements and others

 

 

3,213

 

 

 

2,943

 

Construction in progress

 

 

25,721

 

 

 

30,252

 

 

 

1,118,911

 

 

 

1,113,330

 

Accumulated depreciation

 

 

(732,634

)

 

 

(714,731

)

Property, plant and equipment, net

 

$

386,277

 

 

$

398,599

 

 

Depreciation expense for the three months ended March 31, 2024 and 2023 was $17.1 million and $18.0 million, respectively.