Property, Plant and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment

Property, Plant and Equipment

17.   Property, Plant and Equipment

			Accumulated
At December 31, 2022	Cost		depreciation		Net book value
Land and improvements	$	368,430	$	(85,537)	$	282,893
Buildings		245,444		(134,969)		110,475
Yard and automotive equipment		86,882		(54,401)		32,481
Computer software and equipment		82,891		(72,496)		10,395
Office equipment		37,554		(28,664)		8,890
Leasehold improvements		23,398		(16,712)		6,686
Assets under development		7,317		—		7,317
	$	851,916	$	(392,779)	$	459,137

			Accumulated
At December 31, 2021	Cost		depreciation		Net book value
Land and improvements	$	347,980	$	(83,709)	$	264,271
Buildings		250,692		(129,237)		121,455
Yard and automotive equipment		79,536		(53,945)		25,591
Computer software and equipment		84,371		(73,330)		11,041
Office equipment		37,187		(26,957)		10,230
Leasehold improvements		23,471		(15,995)		7,476
Assets under development		9,023		—		9,023
	$	832,260	$	(383,173)	$	449,087

In 2022, the Company completed the purchase of the Maltby property for a purchase price of $13.5 million.

During the year ended December 31, 2022, interest of $0.1 million (2021: $0.1 million; 2020: $0.2 million) was capitalized to the cost of assets under development. These interest costs relating to qualifying assets are capitalized at a weighted average rate of 4.33% (2021: 2.54%; 2020: 3.02%).

Additions during the year include $13.2 million (2021: $7.5 million; 2020: $11.4 million) of property, plant and equipment under finance leases.