Property, Plant and Equipment

3 Months Ended

Mar. 31, 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 March 31, 2023 and December 31, 2022 (in thousands):

	March 31, 2023		December 31, 2022
Property, plant and equipment, at cost:
Water service-related assets	$	128,675	$	125,166
Furniture, fixtures and equipment	9,937		9,718
Other	598		598
Total property, plant and equipment, at cost	139,210		135,482
Less: accumulated depreciation	(53,018)		(50,004)
Property, plant and equipment, net	$	86,192	$	85,478

Depreciation expense was $3.0 million and $3.8 million for the three months ended March 31, 2023 and 2022, respectively.