PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Property, plant and equipment at September 30, 2023 and December 31, 2022 are summarized as follows:


	September 30, 2023		December 31, 2022
Land	$	11,535	$	11,415
Building	103,125		90,644
Equipment	306,222		278,851
Construction in progress	53,643		79,928
	474,525		460,838
Less: accumulated depreciation	205,691		189,483
Property, plant and equipment, net	$	268,834	$	271,355

In accordance with Topic 360, the Company reviews long-lived assets for impairment on an annual basis and also whenever events indicate that the carrying amount of the assets may not be fully recoverable. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset, which is generally based on discounted cash flows. Included in “General and administrative expenses” were $1,618 and $7,764 of restructuring-related impairment and asset disposal charges for the three and nine months ended September 30, 2023. There were no such charges for the three and nine months ended September 30, 2022.