Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.23.2
Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
 
Property, plant and equipment, net consisted of the following as of June 30, 2023 and December 31, 2022 (in thousands):
  June 30,
2023		 December 31,
2022
Property, plant and equipment, at cost:    
Water service-related assets $ 130,106  $ 125,166 
Furniture, fixtures and equipment 9,852  9,718 
Other 598  598 
Total property, plant and equipment, at cost 140,556  135,482 
Less: accumulated depreciation (56,232) (50,004)
Property, plant and equipment, net $ 84,324  $ 85,478 
Depreciation expense was $3.2 million and $3.9 million for the three months ended June 30, 2023 and 2022, respectively. Depreciation expense was $6.3 million and $7.7 million for the six months ended June 30, 2023 and 2022, respectively.