PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2020

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	2020		2019
(in thousands)
Land	N/A	$	878	$	878
Buildings	7-40		20,966		20,552
Operating equipment and property	3-15		12,923		11,891
Furniture and fixtures	5-7		2,560		1,999
Vehicles	5-10		7,677		7,734
Gross property, plant and equipment			45,004		43,054
Less: accumulated depreciation			(30,066)		(28,258)
Net property, plant and equipment		$	14,938	$	14,796

Depreciation expense was $1,954,000 in 2020, $2,090,000 in 2019 and $1,820,000 in 2018. The Company’s accounts payable for purchases of property and equipment was immaterial as of December 31, 2020, December 31, 2019 and December 31, 2018.