Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment

v3.22.2.2
Property, Plant, and Equipment
6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
NOTE 6 – Property, Plant and Equipment
Property, plant and equipment consist of the following as of June 30, 2022 and December 31, 2021:
(in thousands)
June 30, 2022 December 31, 2021
Machinery and equipment
$ 307,808  $ 285,718 
Buildings and improvements
17,517  16,039 
Furniture and fixtures
2,326  1,176 
Construction in progress (1)
151,496  55,039 
Land
266  246 
Total cost
479,413  358,218 
Less accumulated depreciation
(19,073) (7,635)
Property, plant and equipment, net
$ 460,340  $ 350,583 
_____________________________________________
(1) Includes both acquired long-lead equipment and projects in progress.