Note 7 - Property and Equipment

12 Months Ended

Dec. 31, 2023

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, 2023			December 31, 2022
Land		-	$	16,676		$	15,058
Land improvements		5 - 10		4,685			4,160
Buildings and improvements		7 - 30		158,335			141,585
Machinery and equipment		2 - 15		254,777			221,375
Furniture and fixtures		3 - 7		6,849			6,829
Computer software and equipment		2 - 5		26,787			25,338
Vehicles		2 - 5		5,112			4,049
Financing lease		-		5,686			3,144
Construction in progress		-		4,541			8,272
				483,448			429,810
Less accumulated depreciation				(297,340	)		(281,478	)
Net property and equipment			$	186,108		$	148,332

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, 2023 and 2022 primarily consisted of payments for additional processing equipment, equipment and building upgrades to our existing facilities that were not yet placed into service.