PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

The composition of property, plant and equipment is as follows (dollar amounts in thousands):


As of December 31,	2019		2018
Land and improvements	$	448	$	518
Buildings and improvements	32,374		32,925
Machinery and equipment	28,533		25,691
Furniture and fixtures	18,162		20,245
Computer software and hardware	52,837		52,400
	132,354		131,779
Accumulated depreciation and amortization	(72,842)		(67,718)
Total property, plant and equipment	$	59,512	$	64,061

Depreciation expense was $10.5 million and $9.8 million for the years ended December 31, 2019 and 2018, respectively.

Capitalized interest was $0 for the years ended December 31, 2019 and 2018.

In June of 2018, we sold a 29,300 square foot building in Mexico City, Mexico for $2.6 million. We previously utilized the building for offices as well as warehouse space and have since relocated to a more advantageous location. As the fair value of the property exceeded the carrying value, a net gain of $2.3 million was recognized during the year ended December 31, 2018.

In August of 2018, we sold an eight-acre property in Provo, Utah for $2.7 million. We originally acquired the property with the intent to erect a building for the corporate headquarters and later decided to move the headquarters elsewhere. As the fair value of the property exceeded the carrying value, a net gain of $1.7 million was recognized during the year ended December 31, 2018.