Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2022

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):

	June 30,		December 31,
	2022		2021
Property, plant and equipment:
Machinery and equipment, at cost	$	58,437	$	59,284
Less: accumulated depreciation and amortization		(38,487)		(40,292)
Building, at cost		109,814		108,782
Less: accumulated depreciation and amortization		(19,303)		(18,710)
Leasehold improvements, at cost		6,771		7,039
Less: accumulated depreciation and amortization		(5,407)		(5,352)
Construction in progress		41,057		31,664
	$	152,882	$	142,415

As of June 30, 2022, the balance of construction in progress was $41.1 million, of which $33.3 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 $3.9 million was for construction in progress for our other consolidated

subsidiaries. As of December 31, 2021, the balance of construction in progress was $31.7 million, of which $22.7 million was for our buildings in our new Dingxing and Kazuo locations, $3.0 million was for manufacturing equipment purchases not yet placed in service and $6.0 million was for our construction in progress at our other consolidated subsidiaries.