Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment, net.

Property, Plant and Equipment, net

Note 7. Property, Plant and Equipment, net

The components of property, plant and equipment are as follows:

	December 31,
	2022		2021
	(in thousands)
Land and buildings	$	18,001	$	15,881
Machinery and equipment		34,728		34,312
Construction in process		10,189		6,852
Total cost		62,918		57,045
Accumulated depreciation		(23,254)		(22,073)
Property, plant and equipment, net	$	39,664	$	34,972

Depreciation expense was $5.1 million, $4.2 million and $3.4 million for the years ended December 31, 2022, 2021 and 2020, respectively.