PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

NOTE 6 -PROPERTY, PLANT AND EQUIPMENT, NET

Composition of assets, grouped by major classifications, is as follows:

	December 31,
	2021		2020
Cost:
Land and buildings	$	18,031	$	15,762
Machinery and equipment		63,875		57,245
Motor vehicles		302		313
Office furniture and equipment		1,906		1,895
Software		2,123		2,048
		86,237		77,263

Less: Accumulated depreciation		55,775		51,526
Depreciated cost	$	30,462	$	25,737

Depreciation expenses amounted to $4,718 $3,960 and $4,238 for the years ended December 31, 2021, 2020 and 2019, respectively. During 2021, as part of the Company's restructuring plan and departure from Gedera's facility, the company wrote off leasehold improvement assets in total amount of $1.8 million, out of this amount $600 was recognized as restructuring expenses due to impairment in OEM of heat transfer solutions and aviation accessories CGU which exanimated following the company's restructuring plan announcement in March 2021.

$1.2 million recognized in cost of sales as an acceleration of amortization due to change in useful life of leasehold improvements assets.