Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

NOTE 6 – Property, Plant and Equipment, net

Property, plant and equipment, net is comprised of the following:


	As of
	June 30,			December 31,
	2023			2022
Land and land improvements	$	536		$	1,100
Buildings and improvements		72,956			71,938
Machinery and equipment		260,012			258,159
Less: Accumulated depreciation		(238,548	)		(233,897	)
Property, plant and equipment, net	$	94,956		$	97,300

Depreciation expense for the three months ended June 30, 2023 and June 30, 2022 was $4,400 and $4,479, respectively. Depreciation expense for the six months ended June 30, 2023 and June 30, 2022 was $8,807 and $8,847, respectively.

We recorded a charge of $1,324 during the second quarter of 2023 due to the impairment of a specific asset group as a result of certain restructuring actions being taken. See Note 9 “Costs Associated with Exit and Restructuring Activities.”