Note 8 - Property, Plant and Equipment

6 Months Ended

Jun. 30, 2025

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, 2025			December 31, 2024
Land improvements	$	806		$	806
Buildings and improvements		128,771			118,648
Machinery and equipment		328,952			275,617
Furniture and fixtures		6,015			5,150
Computer equipment and software		15,880			13,369
Transportation equipment		683			647
		481,107			414,237
Less accumulated depreciation		(223,897	)		(204,500	)
		257,210			209,737
Construction in progress		11,075			8,397
Land		1,101			1,101
Total property, plant and equipment, net	$	269,386		$	219,235

For the three months ended June 30, 2025 and 2024, the depreciation expense of property, plant and equipment was $6.3 million and $5.0 million, respectively. For the six months ended June 30, 2025 and 2024, the depreciation expense of property, plant and equipment was $11.9 million and $9.8 million, respectively. 

As of June 30, 2025, 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.