XML 24 R16.htm IDEA: XBRL DOCUMENT
v3.25.3

Property, Plant and Equipment | 9 Months Ended
--- | ---
Sep. 30, 2025
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Note 5 – Property, Pl ant and Equipment Property, plant and equipment were comprised of the following:
|  | September 30, 2025 |  |  | December 31, 2024 |
Land and land improvements |  | $ | 9,256 |  |  | $ | 8,788 |
Buildings and leasehold improvements |  |  | 74,134 |  |  |  | 70,400 |
Machinery and equipment |  |  | 386,610 |  |  |  | 377,938 |
Construction-in-progress |  |  | 6,488 |  |  |  | 4,544 |
Other |  |  | 6,491 |  |  |  | 6,337 |
|  |  | 482,979 |  |  |  | 468,007 |
Accumulated depreciation and amortization |  |  | (341,694 | ) |  |  | (319,951 | )
Property, plant and equipment, net |  | $ | 141,285 |  |  | $ | 148,056 |
The decision to exit the operations of UES-UK in the second quarter of 2025 was deemed to be a triggering event under ASC 360, Property, Plant and Equipment, causing the Corporation to evaluate whether the property, plant and equipment of the corresponding asset group within the FCEP segment was impaired. Accordingly, in the second quarter of 2025, the Corporation completed a quantitative analysis of the long-lived assets for the cast roll asset group and determined the assets were not impaired. The Corporation also evaluated the estimated remaining useful lives and expected residual values of its U.K. assets and determined the estimated remaining useful lives of these assets were less than one year. Accordingly, beginning June 1, 2025, the Corporation began accelerating depreciation for certain of these assets. As of September 30, 2025, the property, plant and equipment of UES-UK had a net book value of approximately $10,851 (£8,073). Certain property, plant and equipment are held as collateral including: • Certain of the machinery and equipment with a book value equal to approximately $24,239 at September 30, 2025, purchased with proceeds from the equipment finance facility (Note 8), are held as collateral for the equipment financing facility. • Certain land and land improvements and buildings and leasehold improvements with a book value equal to approximately $55,158 are included in the sale-leaseback financing transactions and Disbursement Agreement (Note 8). Title to these assets lies with the lender; however, since the transactions qualified as financing transactions, versus sales, the assets remain recorded on the Corporation’s condensed consolidated balance sheets. • The remaining assets, other than real property, are pledged as collateral for the Corporation’s revolving credit facility and Equipment Term Notes (Note 8). The gross value of assets under finance leases and the related accumulated depreciation approx imated $3,264 and $1,851, respectively, as of September 30, 2025 and $2,964 and $1,498, respectively, at December 31, 2024. Depreciation expense approximated $7,021 and $4,497, including depreciation of assets under finance leases of approximately $81 and $80, for the three months ended September 30, 2025 and 2024, respectively. Depreciation expense approximated $16,851 and $13,692, including depreciation of assets under finance leases of approximately $237 and $242, for the nine months ended September 30, 2025 and 2024, respectively.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration