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Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
Property, plant and equipment are comprised of the following amounts:
 As of December 31,
20242023
Land and buildings$56,205 $61,007 
Machinery and equipment339,792 375,352 
Construction in progress6,569 3,466 
Gross cost402,566 439,825 
Less: Accumulated depreciation240,532 254,013 
Property, plant and equipment, net$162,034 $185,812 
For the years ended December 31, 2024, 2023, and 2022, we recorded depreciation expense of $31.6 million, $32.0 million, and $31.4 million, respectively. During the year ended 2024, we recognized $0.9 million of accelerated depreciation expense due to changes in the estimated remaining useful life of certain machinery and equipment.
We monitor property, plant and equipment for any indicators of potential impairment. We recognized an impairment of $6.5 million for the year ended December 31, 2024, related to machinery and equipment located at a plant that will close in 2025. The machinery and equipment were adjusted down to their fair value, which was determined based on quoted market prices for similar assets. The impairment loss, which was reported within our Mobile Solutions group, is recognized in the “Other expense (income), net” line in the Consolidated Statements of Operations and Comprehensive Income (Loss). There were no impairment charges for the years ended December 31, 2023, and 2022.