XML 108 R14.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
6.
 
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment are stated at cost and are depreciated and amortized over a period of three to 39 years generally under the straight-line method for financial reporting purposes and accelerated methods for income tax purposes.
Property, plant and equipment as of December 31 were as follows (in thousands):
 
2019
 
  
2018
 
Land
  $
3,600
     $
2,089
  
Buildings and improvements
   
45,791
      
45,170
  
Machinery and equipment
   
220,405
      
208,135
  
Furniture and fixtures
   
8,231
      
7,239
  
Construction
in-progress
and deposits
    
4,362
      
9,251
  
                 
    
282,389
      
271,884
  
Accumulated depreciation and amortization
   
(229,698
 )    
(221,452
 )
Right of use asset — net
   
4,261
      
—
 
                 
Net balance
  $
56,952
     $
50,432
  
                 
Depreciation expense for the years ended December 31, 2019, 2018 and 2017 was approximately $10,226,000, $9,135,000, and $8,763,000 respectively. As of December 31, 2019, the Company had approximately $3,222,000 of capital expenditure commitments.