Property, Plant and Equipment, Net

9 Months Ended

Sep. 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
	September 30,			December 31,
	2023			2022
Land and land improvements	$	536		$	1,100
Buildings and improvements		73,172			71,938
Machinery and equipment		258,321			258,159
Less: Accumulated depreciation		(239,149	)		(233,897	)
Property, plant and equipment, net	$	92,880		$	97,300

Depreciation expense for the three months ended September 30, 2023 and September 30, 2022 was $4,422 and $4,700, respectively. Depreciation expense for the nine months ended September 30, 2023 and September 30, 2022 was $13,229 and $13,548, 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.”