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PROPERTY, PLANT AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2020
PROPERTY, PLANT AND EQUIPMENT, NET  
PROPERTY, PLANT AND EQUIPMENT, NET

6. PROPERTY, PLANT AND EQUIPMENT, NET

At December 31, 2020 and 2019, property, plant and equipment consisted of:

    

2020

    

2019

(Dollars in thousands)

Land and land improvements

$

3,793

$

3,793

Buildings and improvements

 

32,154

 

26,912

Machinery and equipment

 

36,380

 

34,032

Retail fixtures and leasehold improvements

 

3,830

 

10,112

Construction in progress

 

637

 

5,273

Property, plant and equipment

 

76,794

 

80,122

Less: Accumulated depreciation

 

(46,035)

 

(47,908)

Property, plant and equipment, net

$

30,759

$

32,214

In early 2020, the Company completed a project to expand its office space within its corporate headquarters. Costs related to this project were included in construction in progress as of December 31, 2019, and are now reflected in their respective asset classifications. The decrease in retail fixtures and leasehold improvements in 2020 was primarily due to the impairment of retail store fixed assets and the disposal of fixed assets in connection with the early closing of three unprofitable retail stores in the U.S. in the third quarter of 2020.