XML 25 R15.htm IDEA: XBRL DOCUMENT v3.24.3
Note 8 - Property, Plant & Equipment
 9 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 8.  Property, Plant & Equipment

​

Property, plant and equipment consisted of the following for the periods indicated (in thousands):

​

​

 

September 30, 2024

  

December 31, 2023

 

Land improvements

 $806  $806 

Buildings and improvements

  120,617   86,534 

Machinery and equipment

  264,429   257,842 

Furniture and fixtures

  5,115   5,449 

Computer equipment and software

  12,955   12,059 

Transportation equipment

  666   673 

​

  404,588   363,363 

Less accumulated depreciation

  (204,675)  (194,086)

​

  199,913   169,277 

Construction in progress

  4,289   29,939 

Land

  1,101   1,101 

Total property, plant and equipment, net

 $205,303  $200,317 

​

For the three months ended September 30, 2024 and 2023, the depreciation expense of property, plant and equipment was $5.1 million and $4.8 million, respectively. For the nine months ended September 30, 2024 and 2023, the depreciation expenses of property, plant and equipment were $15.0 million. 

 

As of September 30, 2024, the Company concluded that its continued loss history constitutes a triggering event as described in ASC 360-10-35-21,Property, Plant, and Equipment.  The Company performed a recoverability test and concluded that future undiscounted cash flows exceed the carrying amount of the Company’s long-lived assets and therefore no impairment charge was recorded.