Property Plant And Equipment

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

5	PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is allocated between cost of sales and selling, general and administrative expenses depending on the type of asset and is determined using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the remaining life of the lease or useful life of the asset, whichever is shorter. Maintenance and repairs are charged to cost of sales when incurred. Significant expenditures, which extend the useful lives of assets, are capitalized. Land is not depreciated. The estimated useful lives of the class of assets for the current and comparative periods are as follows:


Classification		Estimated Useful Lives
Leasehold and land improvements		5-20 years
Greenhouses and other buildings		4-30 years
Greenhouse equipment		3-30 years
Machinery and equipment		3-12 years

Construction in process reflects the cost of assets under construction, which are not depreciated until placed into service.

Property, plant and equipment consisted of the following as of June 30, 2020 and December 31, 2019:


Classification	June 30, 2020			December 31, 20 19
Land	$	3,204		$	3,204
Leasehold and land improvements		3,820			3,820
Greenhouses and other buildings		72,870			72,772
Machinery and equipment		61,841			61,871
Construction in progress		1,787			1,697
Less: Accumulated depreciation		(83,024	)		(80,206	)

Property, plant and equipment	$	60,498		$	63,158