Note 7 - Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

7.  PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

	September 30,			December 31,
	2021			2020
Land	$	1,108		$	1,115
Buildings and improvements		20,919			19,917
Machinery and equipment		125,895			124,114
Construction in progress		2,261			1,603
		150,183			146,749
Accumulated depreciation		(114,630	)		(112,248	)
Property, plant and equipment, net	$	35,553		$	34,501

Depreciation expense was $2.3 million for each of the three month periods ended September 30, 2021 and 2020 and $7.2 million and $7.0 million, respectively, for the nine months ended September 30, 2021 and 2020.  Depreciation expense related to our manufacturing facilities and equipment is included in cost of sales and depreciation expense associated with administrative facilities and office equipment is included in selling, general and administrative expense within the accompanying condensed consolidated statements of operations.

At September 30, 2021, a total of $1.6 million of property was classified as assets held for sale on the accompanying condensed consolidated balance sheet related to our corporate headquarters in Jersey City, New Jersey.