PROPERTY, PLANT & EQUIPMENT, & FINANCE LEASES

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT & EQUIPMENT, & FINANCE LEASES

PROPERTY, PLANT & EQUIPMENT, & FINANCE LEASES

Property, plant and equipment less accumulated depreciation is as follows:

(in thousands)	June 30, 2023		December 31, 2022
Land	$	2,505	$	2,481
Buildings	34,542		35,326
Machinery and equipment	156,160		153,939
Property under construction(1)	14,170		11,410
	207,377		203,156
Less accumulated depreciation	147,202		141,145
Net property, plant and equipment	60,175		62,011
Finance leases	30,656		30,549
Less finance lease accumulated amortization	7,236		6,197
Net property, plant and equipment, and finance lease	$	83,595	$	86,363

(1) Property under construction primarily pertains to the capitalization costs incurred in the construction of three BrightLoop facilities