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Property, Plant and Equipment
9 Months Ended
Sep. 30, 2018
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

3. Property, plant and equipment at September 30, 2018 and December 31, 2017 consists of the following:

 

                    

 

September 30,

2018

 

 

December 31,

2017

 

Land

 

$

2,548

 

 

$

2,458

 

Buildings and improvements

 

 

16,832

 

 

 

16,678

 

Machinery and equipment

 

 

108,033

 

 

 

107,722

 

Office furniture, fixtures and equipment

 

 

5,001

 

 

 

4,925

 

Automotive equipment

 

 

1,102

 

 

 

735

 

Construction in progress

 

 

2,483

 

 

 

1,917

 

Total gross value

 

 

135,999

 

 

 

134,435

 

Less accumulated depreciation

 

 

(87,684

)

 

 

(85,114

)

Total net value

 

$

48,315

 

 

$

49,321

 

 

The Company recognized depreciation expense related to property, plant and equipment of $2,020 and $2,033 for the three months ended September 30, 2018 and 2017, respectively. During the three months ended September 30, 2018 and 2017, the Company eliminated from assets and accumulated depreciation $249 and $1,126, respectively, of fully depreciated assets.

The Company recognized depreciation expense related to property, plant and equipment of $6,166 and $6,112 for the nine months ended September 30, 2018 and 2017, respectively. During the nine months ended September 30, 2018 and 2017, the Company eliminated from assets and accumulated depreciation $3,596 and $5,884, respectively, of fully depreciated assets.

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