PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

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

	December 31,
	2024		2023
Land	$	4,006	$	4,006
Buildings and leasehold improvements	60,642		60,827
Machinery and equipment	289,384		286,376
Furniture and fixtures	10,675		10,804
Capitalized ERP system development costs	45,903		45,903
Computers and computer software	19,067		20,067
Automobiles	2,723		3,215
Construction in progress	757		6,634
Total	$	433,157	$	437,832
Accumulated depreciation and amortization	(320,322)		(310,775)
Property, plant, and equipment, net	$	112,835	$	127,057

Included in the table above are assets under finance leases of $7.7 million and $8.5 million and related accumulated amortization of $3.2 million and $3.3 million as of December 31, 2024 and 2023, respectively. Depreciation expense for the years ended December 31, 2024 and 2023 was $20.5 million and $21.8 million respectively, of which $13.7 million and $14.5 million, respectively, was included in “Operating expenses” and $6.8 million and $7.3 million, respectively, was included in “Selling, general and administrative expenses” on our Consolidated Statements of Operations.