XML 21 R12.htm IDEA: XBRL DOCUMENT v3.23.3
Long-lived Tangible Assets
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Long-lived Tangible Assets Long-lived Tangible Assets
Long-lived tangible assets by geographic area, which include property, plant, and equipment, net and operating lease right-of-use assets, were as follows:
(In thousands)September 30, 2023December 31, 2022
United States$14,504 $16,427 
People's Republic of China28,268 42,893 
Mexico9,494 14,402 
Vietnam7,902 6,923 
All other countries4,222 3,745 
Total long-lived tangible assets$64,390 $84,390 

Property, plant, and equipment are shown net of accumulated depreciation of $170.0 million and $170.5 million at September 30, 2023 and December 31, 2022, respectively.

Depreciation expense was $4.6 million and $4.9 million for the three months ended September 30, 2023 and 2022, respectively. Depreciation expense was $13.9 million and $15.1 million for the nine months ended September 30, 2023 and 2022, respectively.

During the three months ended September 30, 2023, as part of our manufacturing footprint optimization efforts, we made the decision to close our southwestern China factory and manufacturing operations were stopped in September 2023. We are also working to downsize our factory in Mexico due to decreased demand in our U.S. market. As a result of these decisions, we recorded impairment charges of $7.7 million during the three and nine months ended September 30, 2023, of which $7.6 million and $0.1 million is recorded in cost of sales and selling, general and administrative expenses, respectively, in our consolidated statements of operations.