PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENTDepreciation expense on property, plant, and equipment, which is recorded in Cost of sales and General and administrative expenses in the Consolidated Statements of Operations, as appropriate, was $31.8 million, $24.3 million, and $24.0 million in 2022, 2021, and 2020, respectively, and includes depreciation of assets recorded in connection with the Company’s finance lease agreement (which ended during the first quarter of 2022, at which point the property, plant, and equipment assets were legally owned by the Company). As of December 31, 2021, the assets related to the Company’s finance lease agreement were recorded within Property, plant and equipment, net in the Consolidated Balance Sheets in the amount of $2.7 million, net of accumulated depreciation of $2.0 million.

See Note 21 for information related to property, plant, and equipment sales and impairment charges.

Property, plant, and equipment, net consist of the following (in thousands):

	December 31,
	2022		2021
Land	$	42,342	$	41,098
Buildings and building improvements	149,052		150,000
Machinery and equipment	311,736		313,744
Construction in progress	94,018		45,505
	597,148		550,347
Less: accumulated depreciation	(326,032)		(317,922)
	$	271,116	$	232,425