Property, Plant and Equipment, Net

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

Note 4. Property, Plant and Equipment, Net

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

	March 31,		December 31,
	2021		2020
Property, plant and equipment:
Machinery and equipment, at cost	$	49,621	$	48,206
Less: accumulated depreciation and amortization		(38,198)		(37,832)
Building, at cost		94,253		94,567
Less: accumulated depreciation and amortization		(15,964)		(15,324)
Leasehold improvements, at cost		6,330		6,285
Less: accumulated depreciation and amortization		(4,761)		(4,616)
Construction in progress		28,597		24,539
	$	119,878	$	115,825

As of March 31, 2021, the balance of construction in progress was $28.6 million, of which $16.8 million was related to our buildings in our new Dingxing and Kazuo locations, $4.5 million was for manufacturing equipment purchases not yet placed in service and $7.3 million was for our construction in progress for our other consolidated subsidiaries. As of December 31, 2020, the balance of construction in progress was $24.5 million, of which $14.2 million was for our buildings in our new Dingxing and Kazuo locations, $4.0 million was for manufacturing equipment purchases not yet placed in service and $6.3 million was for our construction in progress at our other consolidated subsidiaries.