Note 4 - Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 4. Property, Plant and Equipment, Net

The components of our property, plant and equipment are summarized below (in thousands):

	June 30,			December 31,
	2025			2024
Property, plant and equipment:
Machinery and equipment, at cost	$	69,120		$	67,917
Less: accumulated depreciation and amortization		(45,610	)		(44,065	)
Building, at cost		142,308			137,420
Less: accumulated depreciation and amortization		(28,797	)		(26,310	)
Leasehold improvements, at cost		7,737			7,575
Less: accumulated depreciation and amortization		(6,631	)		(6,347	)
Construction in progress		21,587			23,531
	$	159,714		$	159,721

As of June 30, 2025, the balance of construction in progress was $21.6 million, of which $16.5 million was related to our buildings in our new Dingxing and Kazuo locations, $1.2 million was for manufacturing equipment purchases not yet placed in service and $3.8 million was for construction in progress for our other consolidated subsidiaries. As of December 31, 2024, the balance of construction in progress was $23.5 million, of which $17.9 million was related to our buildings in our Dingxing and Kazuo locations, $1.4 million was for manufacturing equipment purchases not yet placed in service and $4.3 million was for our construction in progress for our other consolidated subsidiaries.