XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.21.2

Note 7 - Property and Equipment | 9 Months Ended
--- | ---
Sep. 30, 2021
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] | Note 7. Property and Equipment Property and equipment is stated at cost and depreciated using the straight-line method over the estimated useful life of the asset which varies from 10 to 30 years for land improvements; 5 to 50 years in the case of buildings and improvements; and from 3 to 10 years for machinery and equipment, vehicles and office furniture and equipment. Major additions and improvements are charged to the property and equipment accounts while replacements, maintenance and repairs, which do not improve or extend the life of the respective asset, are expensed as incurred. The cost of assets retired or otherwise disposed of and the related accumulated depreciation is eliminated from the accounts in the year of disposal. Gains or losses resulting from the disposal of property and equipment are recorded in “Other income, net” in our Condensed Consolidated Statements of Operations. Property and equipment at September 30, 2021 and December 31, 2020 consists of the following (in thousands):
|  | September 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
Land and land improvements |  | $ | 15,312 |  |  | $ | 15,150 |
Buildings and improvements |  |  | 47,997 |  |  |  | 47,026 |
Machinery and equipment |  |  | 5,708 |  |  |  | 5,469 |
Office furniture and fixtures |  |  | 8,521 |  |  |  | 8,000 |
Vehicles |  |  | 661 |  |  |  | 677 |
Construction in progress |  |  | 2,408 |  |  |  | 1,086 |
|  |  | 80,607 |  |  |  | 77,408 |
Less accumulated depreciation and amortization |  |  | (27,982 | ) |  |  | (26,109 | )
Property and equipment, net |  | $ | 52,625 |  |  | $ | 51,299 |
At September 30, 2021, the Company did not have any significant fixed contractual commitments for construction projects. Avalon reviews the carrying value of its long-lived assets whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. If indicators of impairment exist, Avalon would determine whether the estimated undiscounted sum of the future cash flows of such assets and their eventual disposition is less than its carrying amount. If less, an impairment loss would be recognized if, and to the extent that the carrying amount of such assets exceeds their respective fair value. Avalon would determine the fair value by using quoted market prices, if available, for such assets; or if quoted market prices are not available, Avalon would discount the expected estimated future cash flows. During the first nine months of 2021 and 2020, no triggering events were present.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration