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Note 8 - Property, Plant and Equipment
 9 Months Ended
Sep. 30, 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:

 

  

September 30,

  

December 31,

 
  

2025

  

2024

 

Land

 $129  $115 

Buildings and improvements

  16,464   19,385 

Machinery and equipment

  103,338   99,747 

Construction in progress

  4,965   5,243 
   124,896   124,490 

Accumulated depreciation

  (77,341)  (76,611)

Property, plant and equipment, net

 $47,555  $47,879 

 

Depreciation expense was $3.0 million and $2.5 million, respectively, for the three months ended  September 30, 2025 and 2024 and $8.9 million and $7.1 million, respectively, for the nine months ended  September 30, 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 September 30, 2025, no property was classified as assets held for sale within other current assets on the accompanying condensed consolidated balance sheets. At  December 31, 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. During the three and nine months ended September 30, 2025, the Company recorded gains on sales related to these properties in the amounts of $1.6 million and $5.7 million, respectively.