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Property, Plant and Equipment

6 Months Ended

Jun. 30, 2019

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

4. Property, plant and equipment at June 30, 2019 and December 31, 2018 consists of the following:

		June 30, 2019				December 31, 2018
Land		$	2,548			$	2,548
Buildings and improvements			17,902				17,555
Machinery and equipment			109,901				109,064
Office furniture, fixtures and equipment			6,067				5,655
Automotive equipment			1,694				1,116
Construction in progress			7,239				2,513
Total gross value			145,351				138,451
Less accumulated depreciation			(91,714	)			(89,199	)
Total net value		$	53,637			$	49,252

The Company recognized depreciation expense related to property, plant and equipment of $1,577 and $2,055 for the three months ended June 30, 2019 and 2018, respectively. During the three months ended June 30, 2019, the Company did not eliminate any assets and accumulated depreciation. During the three months ended June 30, 2018, the Company eliminated $3,219 of fully depreciated assets.

The Company recognized depreciation expense related to property, plant and equipment of $3,225 and $4,146 for the six months ended June 30, 2019 and 2018, respectively.   During the six months ended June 30, 2019 and 2018, the Company eliminated from assets and accumulated depreciation $710 and $3,347, respectively, of fully depreciated assets.

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

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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