PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, plant and equipment (“PP&E”) is generally recorded at cost. Depreciation is computed primarily by the straight-line method applied to individual items based on estimated useful lives, which is as follows for 2022:


Asset Class						Useful Life
Buildings and improvements						10-30 years
Leasehold improvements						10 years
Capitalized software						3-5 years
Machinery and equipment and transportation equipment						3-7 years

Property, plant and equipment, net, consists of the following at December 31, 2022 and 2021:


(thousands)	2022		2021
Land and improvements	$	19,242	$	17,454
Building and improvements	82,280		83,509
Machinery and equipment	442,881		372,086
Transportation equipment	11,866		10,402
Leasehold improvements	29,252		21,593
Property, plant and equipment, at cost	585,521		505,044
Less: accumulated depreciation and amortization	(234,949)		(185,551)
Property, plant and equipment, net	$	350,572	$	319,493