Property Plant And Equipment

9 Months Ended

Sep. 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. Land is not depreciated. 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. 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:

Classification	September 30, 2020			December 31, 2019
Land	$	3,204		$	3,204
Leasehold and land improvements		3,820			3,820
Greenhouses and other buildings		72,902			72,772
Machinery and equipment		62,770			61,871
Construction in progress		1,568			1,697
Less: Accumulated depreciation		(84,601	)		(80,206	)
Property, plant and equipment	$	59,663		$	63,158