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Property, Plant and Equipment
3 Months Ended
Mar. 31, 2021
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

NOTE 7 - PROPERTY, PLANT AND EQUIPMENT

 

 

 

March 31,

2021

 

 

December 31,

2020

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

Land and buildings

 

$

144,491

 

 

$

149,295

 

Machinery and equipment

 

 

867,347

 

 

 

899,764

 

Leasehold improvements and others

 

 

14,470

 

 

 

14,912

 

Construction in progress

 

 

41,549

 

 

 

46,718

 

 

 

 

1,067,857

 

 

 

1,110,689

 

Accumulated depreciation

 

 

(571,198

)

 

 

(588,565

)

Property, plant and equipment, net

 

$

496,659

 

 

$

522,124

 

 

Depreciation expense for the three months ended March 31, 2021 and 2020 was $18.7 million and $18.3 million, respectively.