XML 25 R11.htm IDEA: XBRL DOCUMENT v3.24.1
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

(2) Property, Plant and Equipment

Property, plant and equipment at December 31, 2023 and 2022 consist of the following:

 

 

 

2023

 

 

2022

 

 

Estimated
useful lives

Land

 

$

2,765

 

 

$

2,757

 

 

 

Buildings and improvements

 

 

21,088

 

 

 

20,794

 

 

10 to 40 years

Machinery and equipment

 

 

148,912

 

 

 

142,980

 

 

3 to 25 years

Office furniture, fixtures and equipment

 

 

10,622

 

 

 

13,231

 

 

3 to 10 years

Automotive equipment

 

 

1,247

 

 

 

1,584

 

 

5 to 20 years

Construction in progress

 

 

10,553

 

 

 

5,897

 

 

 

Total gross value

 

 

195,187

 

 

 

187,243

 

 

 

Less accumulated depreciation

 

 

(120,627

)

 

 

(116,331

)

 

 

Total net value

 

$

74,560

 

 

$

70,912

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

 

$

69,615

 

 

$

66,268

 

 

 

International

 

 

4,945

 

 

 

4,644

 

 

 

Total net value

 

$

74,560

 

 

$

70,912

 

 

 

 

For the years ended December 31, 2023, 2022, and 2021, the Company’s aggregate depreciation expense related to property, plant and equipment was $8,352, $7,974, and $8,530, respectively. For the years ended December 31, 2023, 2022, and 2021, the Company disposed fully depreciated assets in the mount of $4,056, $416 and $658, respectively. Interest capitalized amounted to $567 and $317 for the years ended December 31, 2023 and 2022, respectively.