Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.2
Property and Equipment
 6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following:
June 30, December 31,
2023 2022
(in thousands)
Machinery, equipment, and vehicles $ 42,028 $ 32,774
Land 19,253 19,296
Buildings and leasehold improvements 62,760 55,392
Construction-in-progress 116,602 56,753
Less: Accumulated depreciation (9,794) (6,371)
Property and equipment, net $ 230,849 $ 157,844

Depreciation expense related to property and equipment was $1.6 million and $1.3 million for the three months ended June 30, 2023 and 2022, respectively, and $3.4 million and $1.8 million for the six months ended June 30, 2023 and 2022, respectively.