Note 7 - Property and Equipment

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

7. Property and Equipment:

Property and equipment consists of the following:

(in thousands)	Depreciable Lives		December 31, 2022			December 31, 2021
Land		-	$	15,058		$	15,238
Land improvements		5 - 10		4,160			3,780
Buildings and improvements		7 - 30		141,585			141,979
Machinery and equipment		2 - 15		221,375			210,410
Furniture and fixtures		3 - 7		6,829			6,229
Computer software and equipment		2 - 5		25,338			25,053
Vehicles		2 - 5		4,049			3,054
Financing lease		-		3,144			2,710
Construction in progress		-		8,272			4,943
				429,810			413,396
Less accumulated depreciation				(281,478	)		(266,340	)
Net property and equipment			$	148,332		$	147,056

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, 2022 primarily consisted of payments for additional processing equipment, equipment and building upgrades to our existing facilities that were not yet placed into service. Construction in progress as of December 31, 2021, primarily consisted of payments for additional processing equipment at our existing facilities that were not yet placed into service.