Note 6 - Property and Equipment

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

6.

    

Property and Equipment:

Property and equipment consists of the following:

(in thousands)	Depreciable Live			December 31, 2018			December 31, 2017
Land		-		$	15,881		$	15,881
Land improvements	5	-	10		3,547			3,270
Buildings and improvements	7	-	30		133,386			131,655
Machinery and equipment	2	-	15		205,826			184,683
Furniture and fixtures	3	-	7		6,374			6,298
Computer software and equipment	2	-	5		28,638			28,677
Vehicles	2	-	5		1,876			1,746
Capital lease					86			-
Construction in progress		-			8,171			4,500
					403,785			376,710
Less accumulated depreciation					(244,176	)		(229,062	)
Net property and equipment				$	159,609		$	147,648

Leasehold improvements are included with buildings and improvements and are depreciated over the life of the lease or

seven

years, whichever is less.

Construction in progress as of

December 31, 2018,

primarily consisted of payments for a building expansion and additional processing equipment at our existing facilities that were

not

yet placed into service.

During the

second

quarter of

2017,

the Company began actively marketing for sale certain property at the flat product segment’s Siler City, North Carolina facility. As a result of that decision, the Company reclassified

$0.8

million of net book value related to that property along with certain machinery and equipment as assets held for sale in the Consolidated Balance Sheets. The sale was completed in

July 2018.