PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment at March 31, 2024 and December 31, 2023 are summarized as follows:

	March 31, 2024		December 31, 2023
Land	$	11,654	$	11,787
Building	104,662		104,363
Equipment	314,680		312,704
Construction in progress	61,519		59,981
	492,515		488,835
Less: accumulated depreciation	218,482		212,796
Property, plant and equipment, net	$	274,033	$	276,039

In accordance with Topic 360, the Company reviews long-lived assets for impairment 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. There were no impairment charges recorded for the three months ended March 31, 2024 and 2023.