Note 8 - Long-lived Assets

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Property, Plant, and Equipment and Intangible Assets [Text Block]

8. LONG-LIVED ASSETS

The cost basis and estimated lives of property and equipment as of December 31, 2024 and 2023 are as follows:

	As of December 31,
	2024			2023			Life (in years)
Land	$	1,423		$	1,423
Buildings		22,719			22,111			39
Machinery and equipment		128,329			125,107			2 - 10
Office furniture and equipment		5,996			5,962			3 - 7
Leasehold improvements		9,110			9,068		Shorter of asset life or life of lease
Construction in progress		836			3,526
		168,413			167,197
Less accumulated depreciation and amortization		(122,841	)		(120,074	)
Total property and equipment	$	45,572		$	47,123

As of December 31, 2024, the Company had commitments of $1,005 related to the completion of projects within construction in progress.

During the years ended December 31, 2024 and 2023, the Company did not identify any impairment triggering events within its segments. As a result, no impairment charges were recorded for the years ended  December 31, 2024 and 2023.

As of December 31, 2024 and 2023, the cost basis, accumulated amortization and net book value of intangible assets were as follows:

	December 31, 2024												December 31, 2023
											Remaining												Remaining
											Weighted												Weighted
						Accumulated			Net		Average							Accumulated			Net		Average
	Cost		Accumulated			Impairment			Book		Amortization				Accumulated			Impairment			Book		Amortization
	Basis		Amortization			Charges			Value		Period		Cost		Amortization			Charges			Value		Period
Intangible assets:
Noncompete agreements	$	170	$	(170	)	$	—		$	—		—	$	170	$	(170	)	$	—		$	—		—
Customer relationships		15,979		(8,103	)		(7,592	)		284		1.1		15,979		(7,842	)		(7,592	)		545		2.1
Trade names		9,099		(7,980	)		—			1,119		2.8		9,099		(7,580	)		—			1,519		3.8
Intangible assets	$	25,248	$	(16,253	)	$	(7,592	)	$	1,403		2.5	$	25,248	$	(15,592	)	$	(7,592	)	$	2,064		3.3

Intangible assets represent the fair value assigned to definite-lived assets such as trade names and customer relationships. Estimated useful lives for intangibles assets range from 6 to 20 years. Intangible assets are amortized on a straight-line basis over their estimated useful lives, with a remaining life range from 1 to 3 years. Amortization expense was $661 and $664 for the years ended December 31, 2024 and 2023, respectively. As of December 31, 2024, estimated future amortization expense is as follows:

2025	$	661
2026		422
2027		320
Total	$	1,403