Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.19.1
Property, Plant and Equipment
3 Months Ended
Mar. 31, 2019
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, 2019 and December 31, 2018 (in thousands):
 
 
March 31, 2019
 
December 31, 2018
Property, plant and equipment:
 
 
 
 
Water service-related assets (1)
 
$
71,593

 
$
62,919

Furniture, fixtures and equipment
 
4,823

 
4,297

Other
 
598

 
598

Property, plant and equipment at cost
 
77,014

 
67,814

Less: accumulated depreciation
 
(4,193
)
 
(3,012
)
Property, plant and equipment, net
 
$
72,821

 
$
64,802

 
 
 
 
 

(1)
Water service-related assets reflect assets related to brackish water sourcing and water re-use projects.

Depreciation expense was $1.2 million and $0.3 million for the three months ended March 31, 2019 and 2018, respectively.