Property, Plant and Equipment

12 Months Ended

Oct. 31, 2023

Property, Plant and Equipment.

Property Plant and Equipment

Note 7. Property, Plant and Equipment

Property, plant and equipment as of October 31, 2023 and 2022 consisted of the following (in thousands):

	October 31,		October 31,		Estimated
	2023		2022		Useful Life
Land	$	524	$	524	—
Building and improvements		21,430		21,216	10‑26 years
Machinery, equipment and software		136,554		108,656	3‑8 years
Furniture and fixtures		5,211		4,354	10 years
Construction in progress		33,950		26,484	—
		197,669		161,234
Accumulated depreciation		(108,001)		(103,097)
Property, plant and equipment, net	$	89,668	$	58,137

The Company recorded an impairment charge of approximately $1.0 million during the year ended October 31, 2022 (related to the cessation of operations at a conditioning facility in Danbury, CT, which was replaced by a new conditioning facility located at our Torrington, CT manufacturing facility). There were no impairments of property, plant and equipment for the years ended October 31, 2023 and 2021.

Depreciation expense for property, plant and equipment was $5.1 million, $5.8 million and $4.9 million for the years ended October 31, 2023, 2022 and 2021, respectively.