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Note 8 - Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

8.

 PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consist of the following:

 

  

March 31,

  

December 31,

 
  

2025

  

2024

 

Land

 $119  $115 

Buildings and improvements

  17,818   19,385 

Machinery and equipment

  99,563   99,747 

Construction in progress

  3,722   5,243 
   121,222   124,490 

Accumulated depreciation

  (73,951)  (76,611)

Property, plant and equipment, net

 $47,271  $47,879 

 

Depreciation expense was $3.0 million and $2.3 million, respectively, for the three months ended  March 31, 2025 and 2024. 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 March 31, 2025 and December 31, 2024, a total of $1.8 million and $2.1 million, respectively, 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.