Note H - Property, Plant and Equipment

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE H—PROPERTY, PLANT AND EQUIPMENT

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

	December 31, 2024			December 31, 2023
Land improvements	$	806		$	806
Building and improvements		118,648			86,534
Machinery and equipment		275,617			257,842
Furniture and fixtures		5,150			5,449
Computer equipment and software		13,369			12,059
Transportation equipment		647			673
		414,237			363,363
Less accumulated depreciation and amortization		(204,500	)		(194,086	)
		209,737			169,277
Construction in progress		8,397			29,939
Land		1,101			1,101
Total property, plant and equipment, net	$	219,235		$	200,317

For the years ended December 31, 2024, 2023 and 2022, depreciation expense of property, plant and equipment was $20.2 million, $19.7 million and $22.6 million, respectively. For the years  December 31, 2024, 2023 and 2022, the capitalized interest was $0 million, $0 million and $0.2 million, respectively. 

As of December 31, 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.