XML 23 R17.htm IDEA: XBRL DOCUMENT v3.25.1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2025
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

9. Property, Plant and Equipment — Property, plant and equipment at March 31, 2025 and December 31, 2024 consists of the following:

 

 

March 31,
2025

 

 

December 31,
2024

 

Land

 

$

2,755

 

 

$

2,755

 

Buildings and improvements

 

 

20,483

 

 

 

21,124

 

Machinery and equipment

 

 

147,769

 

 

 

146,662

 

Office furniture, fixtures and equipment

 

 

5,075

 

 

 

5,201

 

Automotive equipment

 

 

1,018

 

 

 

1,039

 

Construction in progress

 

 

1,459

 

 

 

2,299

 

Total

 

 

178,559

 

 

 

179,080

 

Less accumulated depreciation

 

 

(121,543

)

 

 

(120,911

)

Property, plant and equipment, net

 

$

57,016

 

 

$

58,169

 

 

The Company recognized depreciation expense related to property and equipment of $1,678 and $2,170 for the three months ended March 31, 2025 and 2024, respectively.

 

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