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Property, Plant and Equipment
3 Months Ended
Mar. 31, 2020
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

 

4. Property, plant and equipment at March 31, 2020 and December 31, 2019 consists of the following:

 

 

 

March 31,

2020

 

 

December 31,

2019

 

Land

 

$

2,706

 

 

$

2,706

 

Buildings and improvements

 

 

18,293

 

 

 

18,640

 

Machinery and equipment

 

 

116,915

 

 

 

116,757

 

Office furniture, fixtures and equipment

 

 

6,331

 

 

 

6,228

 

Automotive equipment

 

 

1,565

 

 

 

1,762

 

Construction in progress

 

 

8,028

 

 

 

5,263

 

Total

 

 

153,838

 

 

 

151,356

 

Less accumulated depreciation

 

 

(96,239

)

 

 

(94,835

)

Property, plant and equipment, net

 

$

57,599

 

 

$

56,521

 

 

The Company recognized depreciation expense related to property and equipment of $1,517 and $1,648 for the three months ended March 31, 2020 and 2019, respectively. During the three months ended March 31, 2020 and 2019, the Company eliminated from assets and accumulated depreciation $113 and $710, respectively, of fully depreciated assets.

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