Note 7 - Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

7.  PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

	June 30,			December 31,
	2022			2021
Land	$	1,093		$	1,105
Buildings and improvements		21,301			20,915
Machinery and equipment		122,537			120,961
Construction in progress		2,195			5,081
		147,126			148,062
Accumulated depreciation		(111,021	)		(109,852	)
Property, plant and equipment, net	$	36,105		$	38,210

Depreciation expense was $2.3 million and $2.5 million, respectively, for the three months ended  June 30, 2022 and 2021 and $4.7 million and $5.0 million, respectively, for the six months ended June 30, 2022 and 2021.  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 each of  June 30, 2022 and December 31, 2021, a total of $1.6 million of property was classified as assets held for sale on the accompanying condensed consolidated balance sheet related to our corporate headquarters in Jersey City, New Jersey. See Note 16, "Subsequent Event", for additional information.