XML 25 R12.htm IDEA: XBRL DOCUMENT v3.24.3
PROPERTY, PLANT AND EQUIPMENT
9 Months Ended
Sep. 30, 2024
PROPERTY, PLANT AND EQUIPMENT  
PROPERTY, PLANT AND EQUIPMENT

4.          PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

September 30,

December 31,

(in thousands)

    

2024

2023

Land and improvements

$

22,574

$

19,596

Buildings and improvements

 

87,066

 

86,346

Machinery and equipment

 

91,844

 

86,250

Furniture and fixtures

 

14,418

 

13,560

Software costs

 

15,854

 

11,806

Total property, plant and equipment, gross

 

231,756

 

217,558

Less accumulated depreciation

 

(113,187)

 

(102,486)

Total property, plant and equipment, net

$

118,569

$

115,072

For the three months ended September 30, 2024 and 2023, depreciation expense related to property, plant and equipment was $3.7 million and $3.3 million, respectively. For the nine months ended September 30, 2024 and 2023, depreciation expense related to property, plant and equipment was $10.6 million and $9.7 million, respectively.