Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment (Tables)

v3.23.1
Property, Plant and Equipment (Tables)
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
Property, plant and equipment consist of the following:
(in thousands) 2022 2021
Land $ 723  $ 723 
Leasehold improvements 4,114  4,641 
Buildings 1,534  53 
Machinery, fixtures and equipment 113,413  110,127 
Construction-in-progress 3,270  1,900 
  123,054  117,444 
Less accumulated depreciation and amortization (80,708) (73,724)
Property, plant and equipment, net $ 42,346  $ 43,720 

The following table sets forth depreciation expense related to property, plant and equipment:
(in thousands) 2022 2021
Cost of sales $ 8,472  $ 7,293 
Selling, general and administrative 250  254 
Total depreciation $ 8,722  $ 7,547