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Note 8 - Property, Plant and Equipment
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

8.

 PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consist of the following:

 

  

June 30,

  

December 31,

 
  

2024

  

2023

 

Land

 $117  $348 

Buildings and improvements

  12,945   15,286 

Machinery and equipment

  98,439   98,527 

Construction in progress

  1,507   1,567 
   113,008   115,728 

Accumulated depreciation

  (77,926)  (79,195)

Property, plant and equipment, net

 $35,082  $36,533 

 

Depreciation expense was $2.3 million and $2.2 million, respectively, for the three months ended  June 30, 2024 and 2023 and $4.6 million and $4.2 million, respectively, for the six months ended  June 30, 2024 and 2023. 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 June 30, 2024, a total of $2.1 million of property was classified as assets held for sale within other current assets on the accompanying condensed consolidated balance sheets related to property in Glen Rock, Pennsylvania and several buildings in Zhongshan, PRC. At  December 31, 2023, a total of $1.3 million of property was classified as assets held for sale within other current assets on the accompanying condensed consolidated balance sheets related solely to the buildings in Zhongshan, PRC.