Note 8 - Property, Plant & Equipment

6 Months Ended

Jun. 30, 2021

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):

	June 30, 2021			December 31, 2020
Land improvements	$	806		$	806
Building and improvements		89,127			88,280
Machinery and equipment		259,651			253,738
Furniture and fixtures		5,607			5,540
Computer equipment and software		12,610			11,912
Transportation equipment		710			699
		368,511			360,975
Less accumulated depreciation and amortization		(155,507	)		(142,434	)
		213,004			218,541
Construction in progress		32,692			33,342
Land		1,101			1,101
Total property, plant and equipment, net	$	246,797		$	252,984

For the three months ended June 30, 2021 and 2020, the depreciation expense of property, plant and equipment was $6.3 million and $6.0 million, respectively. For the six months ended June 30, 2021 and 2020, the depreciation expense of property, plant and equipment was $12.6 million and $11.9 million, respectively. For the three months ended June 30, 2021 and 2020, the capitalized interest was $0.2 million and 0.1 million, respectively. For the six months ended June 30, 2021 and 2020, the capitalized interest was $0.3 million and $0.2 million, respectively.

As of June 30, 2021, 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.