PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

A summary of property, plant and equipment as of June 30, 2024 and December 31, 2023 is as follows (in thousands):

	June 30, 2024		December 31, 2023
	(unaudited)
Land	$	4,006	$	4,006
Buildings and leasehold improvements	60,625		60,827
Machinery and equipment	288,825		286,376
Furniture and fixtures	10,642		10,804
Capitalized ERP system development costs	45,903		45,903
Computers and computer software	19,727		20,067
Automobiles	2,738		3,215
Construction in progress	2,153		6,634
Total	434,619		437,832
Accumulated depreciation	(314,472)		(310,775)
Property, plant and equipment, net	$	120,147	$	127,057

Included in the table above are assets under finance leases of $8.7 million and $8.5 million, and related accumulated amortization of $3.8 million and $3.3 million as of June 30, 2024 and December 31, 2023, respectively. Depreciation expense for the three months ended June 30, 2024 and 2023 was $5.2 million and $5.5 million, respectively. Depreciation expense for the six months ended June 30, 2024 and 2023 was  $10.5 million and $11.1 million, respectively.