Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Property, Plant and Equipment, Net

v3.25.4
Property, Plant and Equipment, Net
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net
Note 7. Property, Plant and Equipment, Net
Property, plant and equipment, net consisted of the following:
December 31,
2025 2024
(U.S. $ in thousands)
Machinery and equipment $ 149,191  $ 147,763 
Buildings and improvements 188,309  179,977 
Computer equipment and software 50,712  56,714 
Office equipment, furniture and fixtures 12,314  14,056 
Land 18,572  18,867 
419,098  417,377 
Accumulated depreciation and amortization and impairment (229,948) (237,658)
189,150  179,719 
Construction work in progress 3,416  4,660 
$ 192,566  $ 184,379 
Depreciation expenses were $20.7 million, $21.5 million and $22.4 million in the years ended December 31, 2025, 2024 and 2023, respectively. During the years ended December 31, 2025, 2024 and 2023, the Company recorded impairment charges of $1.7 million, $0 million and $4.4 million, respectively, which were recorded in the Consolidated Statements of Operations and Comprehensive Loss under cost of sales.