Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.24.1
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
Property, plant and equipment consist of the following:
(in thousands) 2023 2022
Land $ 723  $ 723 
Leasehold improvements 3,079  3,495 
Buildings 1,534  1,534 
Machinery, fixtures and equipment 93,758  98,225 
Construction-in-progress 1,330  1,657 
  100,424  105,634 
Less accumulated depreciation and amortization (70,669) (70,100)
Property, plant and equipment, net $ 29,755  $ 35,534 

The following table sets forth depreciation expense related to property, plant and equipment:
(in thousands) 2023 2022
Cost of sales $ 5,918  $ 6,196 
Selling, general and administrative 243  225 
Total depreciation $ 6,161  $ 6,421