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PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Dec. 31, 2019
PROPERTY, PLANT AND EQUIPMENT  
PROPERTY, PLANT AND EQUIPMENT

NOTE 5: PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are presented at cost, net of accumulated depreciation, and consist of the following:

Estimated

December 31, 

    

Useful Lives

    

2019

    

2018

(in thousands)

  

  

Land

 

N/A

$

878

$

878

Buildings

 

7-40

 

20,552

 

19,705

Operating equipment and property

 

3-15

 

11,891

 

11,016

Furniture and fixtures

 

5-7

 

1,999

 

1,785

Vehicles

 

5-10

 

7,734

 

7,381

Gross property, plant and equipment

 

 

43,054

 

40,765

Less: accumulated depreciation

 

 

(28,258)

 

(26,213)

Net property, plant and equipment

$

14,796

$

14,552

Depreciation expense was $2,090,000 in 2019, $1,820,000 in 2018 and $1,526,000 in 2017. The Company’s accounts payable for purchases of property and equipment was immaterial as of December 31, 2019, December 31, 2018 and December 31, 2017.