Property, Plant and Equipment

6 Months Ended

Jun. 30, 2021

Property Plant And Equipment [Abstract]

4. Property, Plant and Equipment — Property, plant and equipment at June 30, 2021 and December 31, 2020 consists of the following:

	June 30, 2021			December 31, 2020
Land	$	2,756		$	2,756
Buildings and improvements		20,057			19,786
Machinery and equipment		127,605			124,199
Office furniture, fixtures and equipment		10,002			7,403
Automotive equipment		1,979			1,747
Construction in progress		8,568			10,392
Total gross value		170,967			166,283
Less accumulated depreciation		(104,434	)		(100,901	)
Total net value	$	66,533		$	65,382

The Company recognized depreciation expense related to property, plant and equipment of $1,673 and $1,839 for the three months ended June 30, 2021, and 2020, respectively. During the three months ended June 30, 2021, the Company eliminated $249 from such assets and accumulated depreciation of fully depreciated assets. During the three months ended June 30, 2020, the Company eliminated $283 from such assets and accumulated depreciation of fully depreciated assets.

The Company recognized depreciation expense related to property, plant and equipment of $3,844 and $3,356 for the six months ended June 30, 2021 and 2020, respectively. During the six months ended June 30, 2021, and 2020, the Company eliminated from such assets and accumulated depreciation $311 and $396, respectively, of fully depreciated assets.

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