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PROPERTY, PLANT AND EQUIPMENT, NET
9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment, net consisted of the following (amounts in thousands):
 September 30,
2021
December 31,
2020
Land and improvements$41,680 $43,943 
Buildings and improvements240,276 245,619 
Machinery and equipment582,457 583,847 
Tools, dies and molds112,015 111,189 
Construction-in-process16,444 11,282 
 992,872 995,880 
Less accumulated depreciation(690,282)(676,026)
 $302,590 $319,854 
 
Depreciation on property, plant and equipment for the nine months ended September 30, 2021 and 2020 totaled $35.1 million and $37.7 million, respectively.

The Company recorded a $2.6 million asset impairment charge during the nine months ended September 30, 2020 related to certain machinery and equipment located at Titan Tire Reclamation Corporation (TTRC) in Canada as a result of market declines, which indicated the remaining book value of the equipment is more than the fair market value.