PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2019

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

NOTE 5: PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are presented at cost, net of accumulated depreciation, and consist of the following:

	Estimated
December 31,	Useful Lives	2019		2018
(in thousands)
Land	N/A	$	878	$	878
Buildings	7-40		20,552		19,705
Operating equipment and property	3-15		11,891		11,016
Furniture and fixtures	5-7		1,999		1,785
Vehicles	5-10		7,734		7,381
Gross property, plant and equipment			43,054		40,765
Less: accumulated depreciation			(28,258)		(26,213)
Net property, plant and equipment		$	14,796	$	14,552

Depreciation expense was $2,090,000 in 2019, $1,820,000 in 2018 and $1,526,000 in 2017. The Company’s accounts payable for purchases of property and equipment was immaterial as of December 31, 2019, December 31, 2018 and December 31, 2017.