Property, Plant & Equipment

6 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

Property, plant and equipment consisted of the following for the periods specified:



	June 30, 2018			December 31, 2017
Property, plant and equipment	$	161,476,000		$	144,849,000
Accumulated depreciation	(79,867,000		)	(76,218,000		)
Property, plant and equipment — net	$	81,609,000		$	68,631,000

Property, plant, and equipment are recorded at cost, unless obtained through acquisition, then assets are recorded at estimated fair value at the date of acquisition. Preliminary estimated fair value amount of $12,994,000 is included in the above table associated with the January 16, 2018 acquisition of Horizon Plastics. These amounts are preliminary, pending finalization of the fair value valuation reports. Depreciation is provided on a straight-line method over the estimated useful lives of the assets. The carrying amount of long-lived assets is evaluated annually to determine if an adjustment to the depreciation period or to the unamortized balance is warranted. Amounts invested in capital additions in progress were $4,454,000 and $3,045,000 at June 30, 2018 and December 31, 2017, respectively. At June 30, 2018 and December 31, 2017, purchase commitments for capital expenditures in progress were $1,916,000 and $1,071,000, respectively.