Note 8 - Property, Plant and Equipment

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 8.  Property, Plant & Equipment

Property, plant and equipment consisted of the following for the periods indicated (in thousands):

	March 31, 2020			December 31, 2019
Land improvements	$	806		$	806
Building and improvements		83,769			83,846
Machinery and equipment		237,444			237,464
Furniture and fixtures		5,101			5,105
Computer equipment and software		10,663			10,506
Transportation equipment		650			658
		338,433			338,385
Less accumulated depreciation and amortization		(121,682	)		(116,979	)
		216,751			221,406
Construction in progress		25,865			25,937
Land		1,101			1,101
Total property, plant and equipment, net	$	243,717		$	248,444

For the three months ended March 31, 2020 and 2019, depreciation expense of property, plant and equipment was $5.9 million and $5.8 million, respectively. Capitalized interest for the three months ended March 31, 2020 was $0.3 million.

As of March 31, 2020, the Company concluded that its continued loss history constitutes a triggering event as described in ASC 360-10-35-21,Property, Plant, and Equipment.  The Company performed a recoverability test and concluded that future undiscounted cash flows exceed the carrying amount of the Company’s long-lived assets and therefore no impairment charge was recorded.