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PROPERTY, PLANT AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET
NOTE 6 -
PROPERTY, PLANT AND EQUIPMENT, NET
 
Composition of assets, grouped by major classifications, is as follows:
 
   
December 31,
 
   
2022
   
2021
 
Cost:
           
Land and buildings
 
$
17,130
   
$
18,031
 
Machinery and equipment
   
75,518
     
63,875
 
Motor vehicles
   
302
     
302
 
Office furniture and equipment
   
2,362
     
1,906
 
Internal use software
   
2,610
     
2,123
 
     
97,922
     
86,237
 
                 
Less: Accumulated depreciation
   
54,499
     
55,775
 
Depreciated cost
 
$
43,423
   
$
30,462
 
Depreciation expenses amounted to $3,500, $4,718 and $3,960 for the years ended December 31, 2022, 2021 and 2020, respectively. During 2021, as part of the Company's restructuring plan and departure from Gedera's facility, the Company wrote off leasehold improvement assets in total amount of $1.8 million, out of this amount $600 was recognized as restructuring expenses due to impairment in OEM of heat transfer solutions and aviation accessories business unit which exanimated following the Company's restructuring plan announcement in March 2021. In addition, in 2021 $1.2 million recognized in cost of sales as an acceleration of amortization due to change in useful life of leasehold improvements assets.