PROPERTY, PLANT AND EQUIPMENT (Tables)

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Presented in the table below are the major classes of property, plant and equipment by category as of the below dates:


(dollars in thousands)		Estimated Useful Life (Years)		March 31, 2026				December 31, 2025
Buildings		10 - 40		$	84,846			$	84,757
Machinery and equipment		3 - 30			387,053				386,572
Leasehold improvements		2 - 15			4,829				4,829
Fixtures and furnishings		5 - 7			764				764
Land improvements		15			150				150
Land		Indefinite			1,150				1,150
Construction in progress		N/A			272,698				263,371
Total property, plant and equipment at cost					751,490				741,593
Less: Accumulated depreciation					(91,221	)			(83,841	)
Property, plant, and equipment, net				$	660,269			$	657,752

Summary of Depreciation Expense

Depreciation expense is recorded in the Condensed Consolidated Statements of Comprehensive (Loss)/Income as follows:


		Three Months Ended March 31,
(in thousands)		2026				2025
Cost of operations		$	6,577			$	6,519
Research and development			778				774
Selling, general and administrative			24				57
Total depreciation expense		$	7,379			$	7,350