Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2019

Note 4. Property, Plant and Equipment, Net

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


	September 30,		December 31,
	2019		2018
Property, plant and equipment:
Machinery and equipment, at cost	$	44,138	$	51,496
Less: accumulated depreciation and amortization		(36,085)		(41,431)
Building, at cost		37,649		39,775
Less: accumulated depreciation and amortization		(12,079)		(12,147)
Leasehold improvements, at cost		4,632		5,464
Less: accumulated depreciation and amortization		(3,894)		(4,497)
Construction in progress		55,319		43,620
	$	89,680	$	82,280

As of September 30, 2019, the balance of construction in progress was $55.3 million, of which $39.4 million was related to our buildings in our new Dingxing and Kazuo locations, $4.0 million was for manufacturing equipment purchases not yet placed in service and $12.0 million was from our construction in progress for our other consolidated subsidiaries. As of December 31, 2018, the balance of construction in progress was $43.6 million, of which $31.7 million was for our buildings in our new Dingxing and Kazuo locations, $2.2 million was for manufacturing equipment purchases not yet placed in service, and $9.7 million was for our construction in progress at our other consolidated subsidiaries.