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Note 3 - Assets Held for Sale
 6 Months Ended
Jun. 28, 2025
Notes to Financial Statements  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Note 3 – Assets held for sale

 

During the fourth quarter of 2024, the Company committed to a plan to sell its manufacturing facility located at Kent, Washington (Weighing Solutions Segment) as part of the Company’s ongoing strategy to focus on core operations and optimize its asset base utilization.

 

The Company determined that the criteria for classifying the asset as held for sale as of December 31, 2024, had been met. Accordingly, the carrying value of the asset as of  June 28, 2025 is presented separately as a current asset in the consolidated balance sheet.

 

A summary of the assets held for sale as of June 28, 2025 is included in the table below:

 

Location

Asset Category

  

Cost

    

Accumulated Depreciation

    

Net Carrying Value

  
                           

Kent, Washington

Land

   $ 1,800     $ —     $ 1,800  
 

Building & Improvements

   $ 4,910     $ 1,481     $ 3,429  
      $ 6,710     $ 1,481     $ 5,229  

 

The Company completed the sale during July 2025 at a price which is higher than the carrying value of the asset (see Note 18 - Subsequent event).