Note 8 - Property, Plant and Equipment

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

8.  PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

	September 30,			December 31,
	2024			2023
Land	$	122		$	348
Buildings and improvements		13,656			15,286
Machinery and equipment		100,933			98,527
Construction in progress		3,003			1,567
		117,714			115,728
Accumulated depreciation		(80,979	)		(79,195	)
Property, plant and equipment, net	$	36,735		$	36,533

Depreciation expense was $2.5 million and $2.2 million, respectively, for the three months ended  September 30, 2024 and 2023 and $7.1 million and $6.5 million, respectively, for the nine months ended  September 30, 2024 and 2023. 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, 2024, a total of $2.1 million of property was classified as assets held for sale within other current assets on the accompanying condensed consolidated balance sheets related to property in Glen Rock, Pennsylvania and several buildings in Zhongshan, PRC. At  December 31, 2023, a total of $1.3 million of property was classified as assets held for sale within other current assets on the accompanying condensed consolidated balance sheets related solely to the buildings in Zhongshan, PRC.