Property, Plant and Equipment

12 Months Ended

Sep. 30, 2020

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

11. Property, Plant and Equipment

The Company owns a property located in Bogotá, Colombia that it is marketing for sale.  The property was used for warehousing its rental equipment operations, product sales and service support to its customers in South America.  The property’s carrying value at September 30, 2020 was $0.6 million and has been reclassified from property, plant and equipment to property held for sale in the accompanying consolidated balance sheet as of September 30, 2020.  The Company believes the fair market value less

costs to sell of the property exceeds its carrying value and that the property will be sold within the next 12-months.  The property is unencumbered.  The Company continues to operate on a reduced scale in Colombia.                   

On August 1, 2019, the Company sold its real property located at 7334-7340 Gessner Road, Houston, Texas for a cash price of $8.3 million and realized a gain on disposal of property of $7.0 million.  The property was unencumbered.

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

	AS OF SEPTEMBER 30,
	2020			2019
Land and land improvements	$	7,703		$	7,933
Building and building improvements		23,998			24,582
Machinery and equipment		55,359			54,760
Furniture and fixtures		1,368			1,376
Tools and molds		2,959			2,710
Construction in progress		1,431			512
Leasehold improvements		88			85
Transportation equipment		75			75
		92,981			92,033
Accumulated depreciation and impairment		(63,107	)		(60,559	)
	$	29,874		$	31,474

Property, plant and equipment depreciation expense was $4.0 million for each of the fiscal years ended September 30, 2020 and 2019.