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Property, Plant and Equipment
6 Months Ended
Jun. 30, 2017
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

2. Property, plant and equipment at June 30, 2017 and December 31, 2016 consists of the following:

 

 

 

June 30,

2017

 

 

December 31,

2016

 

Land

 

$

2,458

 

 

$

2,458

 

Buildings and improvements

 

 

16,567

 

 

 

15,515

 

Machinery and equipment

 

 

107,278

 

 

 

102,146

 

Office furniture, fixtures and equipment

 

 

4,952

 

 

 

5,016

 

Automotive equipment

 

 

398

 

 

 

387

 

Construction in progress

 

 

1,324

 

 

 

8,047

 

Total gross value

 

 

132,977

 

 

 

133,569

 

Less accumulated depreciation

 

 

(82,594

)

 

 

(83,274

)

Total net value

 

$

50,383

 

 

$

50,295

 

 

The Company recognized depreciation expense related to property, plant and equipment of $2,129 and $2,059 for the three months ended June 30, 2017 and 2016, respectively.   During the three months ended June 30, 2017 and 2016, the Company eliminated from assets and accumulated depreciation $3,584 and $2, respectively, of fully depreciated assets.

 

The Company recognized depreciation expense related to property, plant and equipment of $4,079 and $4,313 for the six months ended June 30, 2017 and 2016, respectively.   During the six months ended June 30, 2017 and 2016, the Company eliminated from assets and accumulated depreciation $4,759 and $125, respectively, of fully depreciated assets.

Substantially all of the Company’s assets are pledged as collateral with its banks.