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Note 7 - Property, Plant and Equipment, Net | 9 Months Ended
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Sep. 30, 2022
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] |
7. | PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment consist of the following:
|  | September 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Land |  | $ | 1,082 |  |  | $ | 1,105 |
Buildings and improvements |  |  | 21,058 |  |  |  | 20,915 |
Machinery and equipment |  |  | 120,501 |  |  |  | 120,961 |
Construction in progress |  |  | 3,135 |  |  |  | 5,081 |
|  |  | 145,776 |  |  |  | 148,062 |
Accumulated depreciation |  |  | (110,549 | ) |  |  | (109,852 | )
Property, plant and equipment, net |  | $ | 35,227 |  |  | $ | 38,210 |
Depreciation expense was $2.1 million and $2.3 million, respectively, for the three months ended September 30, 2022 and 2021 and $6.8 million and $7.2 million, respectively, for the nine months ended September 30, 2022 and 2021. Depreciation expense related to our manufacturing facilities and equipment is included in cost of sales and depreciation expense associated with administrative facilities and office equipment is included in selling, general and administrative expense within the accompanying condensed consolidated statements of operations. At December 31, 2021, a total of $1.6 million of property was classified as assets held for sale on the accompanying condensed consolidated balance sheet as of such date related to our corporate headquarters in Jersey City, New Jersey. On July 21, 2022, the Company closed on the sale of one of its two buildings in Jersey City, New Jersey. In connection with this sale, the Company received proceeds in the amount of $1.8 million and recognized a gain on sale during the third quarter of 2022 in the amount of $1.6 million. The other property in Jersey City, New Jersey continues to be classified as held for sale at a net book value of $1.5 million.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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