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PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2023
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,
  
   
2023
    
2022
  
Cost:
            
Land and buildings
  
$
10,739
    
$
10,739
  
Leasehold improvements
    
9,164
      
6,391
  
Machinery and equipment
    
76,664
      
75,518
  
Motor vehicles
    
273
      
302
  
Office furniture and equipment
    
1,378
      
2,362
  
Internal use software
    
3,768
      
2,610
  
     
101,986
      
97,922
  
                 
Less: Accumulated depreciation
    
59,432
      
54,499
  
Depreciated cost
  
$
42,554
    
$
43,423
  

 

Depreciation expenses amounted to $4,430, $3,500 and $4,718 for the years ended December 31, 2023, 2022 and 2021, 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 $1,800 , out of this amount $600 was recognized as restructuring expenses due to impairment in OEM of heat transfer solutions and aviation accessories reporting unit which exanimated following the Company's restructuring plan announcement in March 2021. In addition, in 2021 $1,200 recognized in cost of sales as an acceleration of amortization due to change in useful life of leasehold improvements assets.