Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net consisted of the following:
June 30,
December 31,
2026
2025
(in thousands)
Machinery, equipment, and vehicles
$
121,069
$
119,440
Land
19,253
19,253
Buildings and leasehold improvements
262,399
262,058
Construction in progress
4,590
4,660
Less: Accumulated depreciation
(57,863)
(47,984)
Property and equipment, net
$
349,448
$
357,427
Depreciation expense related to property and equipment was approximately $4.9 million and $5.0 million for the three months ended June 30, 2026 and 2025, respectively, and approximately $9.9 million and $10.0 million for the six months ended June 30, 2026 and 2025, respectively.