| Summary of Property, Plant and Equipment |
Property, plant and equipment consisted of the following at December 31:
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
2023 |
|
|
|
(in thousands) |
|
Land and improvements |
|
$ |
401,374 |
|
|
$ |
369,574 |
|
Buildings and improvements |
|
|
834,773 |
|
|
|
714,767 |
|
Machinery and equipment |
|
|
1,530,119 |
|
|
|
1,303,312 |
|
Information technology, furniture and fixtures |
|
|
256,095 |
|
|
|
213,066 |
|
Construction in progress |
|
|
141,864 |
|
|
|
207,826 |
|
Finance lease right-of-use assets |
|
|
3,479 |
|
|
|
7,268 |
|
Property, plant and equipment |
|
|
3,167,704 |
|
|
|
2,815,813 |
|
Less: accumulated depreciation |
|
|
1,205,973 |
|
|
|
1,011,989 |
|
Property, plant and equipment, net |
|
$ |
1,961,731 |
|
|
$ |
1,803,824 |
|
|
| Schedule of Balances Held Under Other Finance Obligations |
The following balances held under other finance obligations are included in the accompanying consolidated balance sheet as of December 31:
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
2023 |
|
|
|
(in thousands) |
|
Land and improvements |
|
$ |
105,833 |
|
|
$ |
106,163 |
|
Buildings and improvements |
|
|
115,020 |
|
|
|
115,970 |
|
Assets held under other finance obligations |
|
|
220,853 |
|
|
|
222,133 |
|
Less: accumulated amortization |
|
|
34,718 |
|
|
|
31,246 |
|
Assets held under other finance obligations, net |
|
$ |
186,135 |
|
|
$ |
190,887 |
|
|