Property, Plant and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Note 8 – Property, Plant and Equipment

As of December 31, 2021 and 2020, property, plant and equipment, net was comprised of the following:


(In thousands)	2021			2020
Land	$	4,575		$	4,575
Building and land improvements		35,578			35,142
Building		68,157			68,169
Furniture and fixtures		19,917			19,965
Computer hardware and software		72,274			70,942
Engineering and other equipment		134,771			132,920
Total Property, Plant and Equipment		335,272			331,713
Less: accumulated depreciation		(279,506	)		(269,314	)
Total Property, Plant and Equipment, net	$	55,766		$	62,399

Long-lived assets used in operations are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable and the undiscounted cash flows estimated to be generated by the asset are less than the asset’s carrying value. No impairment charges were recognized during the year ended December 31, 2021. During the years ended December 31, 2020 and December 31, 2019, the Company recognized impairment charges of $0.1 million and $3.9 million, respectively, related to the abandonment of certain information technology projects in which we had previously capitalized expenses related to these projects. The impairment charges were determined based on actual costs incurred as part of the projects.

Depreciation expense was $12.0 million, $12.2 million and $12.5 million for the years ended December 31, 2021, 2020 and 2019, respectively, which is recorded in cost of revenue, selling, general and administrative expenses and research and development expenses in the Consolidated Statements of (Loss) Income.