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Note 8 - Property, Plant and Equipment
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

(8)

Property, Plant and Equipment

 

Property, plant and equipment consists of the following (in thousands):

 

   

December 31,

 
   

2024

   

2023

 

Land and land improvements

  $ 43     $ 43  

Buildings and building improvements

    7,781       8,507  

Machinery, equipment, furniture and fixtures

    67,636       74,588  

Construction in progress

    870       863  
      76,330       84,001  

Accumulated depreciation

    (63,031 )     (66,868 )

Property plant and equipment, net

  $ 13,299     $ 17,133  

 

Depreciation expense, including amortization of assets recorded under finance leases, totaled approximately $3,181,000 and $3,259,000 for the years ended December 31, 2024 and 2023, respectively. Capital expenditures included in accounts payable or accrued liabilities were not material as of December 31, 2024 and 2023, respectively.

 

Included within property, plant and equipment were assets under finance leases as follows (in thousands):

 

   

December 31,

 
   

2024

   

2023

 

Buildings and building improvements

  $ 2,908     $ 3,490  

Machinery, equipment, furniture and fixtures

    4,002       4,046  
      6,910       7,536  

Accumulated depreciation

    (3,610

)

    (3,799

)

Net

  $ 3,300     $ 3,737