Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

5.Property, Plant and Equipment

Property, plant and equipment consisted of the following:

	December 31,
(table only in thousands)	2023			2022
Land, building and improvements	$	12,284		$	11,986
Machinery and equipment		33,364			33,521
Property, plant and equipment, gross		45,648			45,507
Less accumulated depreciation		(19,411	)		(24,679	)
Property, plant and equipment, net	$	26,237		$	20,828

Depreciation expense was $5.1 million, $3.6 million and $3.2 million for 2023, 2022 and 2021, respectively.