Annual report pursuant to Section 13 and 15(d)

Property and Equipment

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Property and Equipment
 12 Months Ended
Dec. 31, 2023
Property And Equipment [Abstract]  
PROPERTY AND EQUIPMENT
6. PROPERTY AND EQUIPMENT.

 

Property and equipment consisted of the following (in thousands):

 

    December 31,  
    2023     2022  
Facilities and plant equipment   $ 405,010     $ 386,932  
Land     3,687       3,687  
Other equipment, vehicles and furniture     9,719       9,876  
Construction in progress     50,505       37,538  
      468,921       438,033  
Accumulated depreciation     (220,173 )     (198,964 )
    $ 248,748     $ 239,069  

 

Depreciation expense was $22,492,000, $24,528,000 and $23,292,000 for the years ended December 31, 2023, 2022 and 2021, respectively.

 

The Company capitalized interest of $2,454,000, $720,000 and $628,000 for the years ended December 31, 2023, 2022 and 2021, respectively, related to its capital investment activities.

 

The Company’s property and equipment are substantially collateralized under the Company’s Term Loan.