Note 8 - Property, Plant and Equipment

6 Months Ended

Jun. 30, 2024

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, 2024			December 31, 2023
Land improvements	$	806		$	806
Buildings and improvements		114,644			86,534
Machinery and equipment		259,688			257,842
Furniture and fixtures		4,982			5,449
Computer equipment and software		12,481			12,059
Transportation equipment		653			673
		393,254			363,363
Less accumulated depreciation		(198,672	)		(194,086	)
		194,582			169,277
Construction in progress		2,098			29,939
Land		1,101			1,101
Total property, plant and equipment, net	$	197,781		$	200,317

For the three months ended June 30, 2024 and 2023, the depreciation expense of property, plant and equipment were both $5.0 million. For the six months ended June 30, 2024 and 2023, the depreciation expense of property, plant and equipment was $9.8 million and $10.2 million, respectively. 

As of June 30, 2024, 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.