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Property, Plant and Equipment
3 Months Ended
Mar. 31, 2022
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

NOTE 7 - PROPERTY, PLANT AND EQUIPMENT

 

 

 

March 31,

2022

 

 

December 31,

2021

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

Land and buildings

 

$

131,489

 

 

$

129,826

 

Machinery and equipment

 

 

884,009

 

 

 

861,097

 

Leasehold improvements and others

 

 

9,741

 

 

 

9,831

 

Construction in progress

 

 

62,250

 

 

 

67,529

 

 

 

 

1,087,489

 

 

 

1,068,283

 

Accumulated depreciation

 

 

(595,642

)

 

 

(573,882

)

Property, plant and equipment, net

 

$

491,847

 

 

$

494,401

 

 

Depreciation expense for the three months ended March 31, 2022 and 2021 was $17.8 million and $18.7 million, respectively.