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Property, Plant and Equipment, Net
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net

NOTE 6 — Property, Plant and Equipment, net

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

 

 

 

As of December 31,

 

 

 

2023

 

 

2022

 

Land and land improvements

 

$

536

 

 

$

1,100

 

Buildings and improvements

 

 

74,188

 

 

 

71,938

 

Machinery and equipment

 

 

261,435

 

 

 

258,159

 

Less: Accumulated depreciation

 

 

(243,567

)

 

 

(233,897

)

Property, plant and equipment, net

 

$

92,592

 

 

$

97,300

 

 

Depreciation expense recorded in the Consolidated Statements of Earnings (Loss) includes the following:

 

 

 

For the Years Ended

 

 

 

2023

 

 

2022

 

 

2021

 

Depreciation expense

 

$

17,686

 

 

$

18,126

 

 

$

17,517