Note 7 - Property, Plant and Equipment

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

7.  PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

	September 30,			December 31,
	2020			2019
Land	$	1,104		$	1,431
Buildings and improvements		20,149			29,722
Machinery and equipment		126,156			132,134
Construction in progress		2,269			5,090
		149,678			168,377
Accumulated depreciation		(114,577	)		(126,434	)
Property, plant and equipment, net	$	35,101		$	41,943

Depreciation expense for the three months ended September 30, 2020 and 2019 was $2.3 million and $2.5 million, respectively. Depreciation expense for the nine months ended September 30, 2020 and 2019 was $7.0 million and $7.5 million, respectively.  Depreciation expense related to our manufacturing facilities and equipment is included in cost of sales and depreciation expense associated with administrative facilities and office equipment is included in selling, general and administrative expense within the accompanying condensed consolidated statements of operations.

At September 30, 2020, a total of $4.2 million of property was classified as assets held for sale on the accompanying condensed consolidated balance sheet.  Of this amount, $2.1 million relates to our facility in Uster, Switzerland, $1.6 million relates to our corporate headquarters building in Jersey City, New Jersey and $0.5 million relates to a property in Hong Kong.