v3.25.4
Property, Plant, and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment Property, Plant, and Equipment
Property, plant, and equipment consisted of the following at December 31 (in thousands):
20252024
Land and land improvements$5,578 $6,009 
Building and improvements33,374 46,952 
Machinery and equipment162,212 160,838 
Tools, dies, and patterns2,899 3,306 
Additions in progress13,549 3,437 
Total217,612 220,542 
Less accumulated depreciation(130,672)(139,735)
Property, plant and equipment, net$86,940 $80,807 
Additions in progress at December 31, 2025 and 2024 relate to building improvements and equipment purchases that were not yet completed and placed in service at year end. At December 31, 2025, commitments for capital expenditures in progress were $13,766,000, which $10,587,000 related to the Mexico expansion and included $1,111,000 recorded in Accounts Payable. At December 31, 2024, commitments for capital expenditures in progress were $2,802,000, and included $367,000 recorded in Accounts Payable. Depreciation expense was $11,316,000, $11,731,000 and $11,229,000 for the years ended December 31, 2025, 2024 and 2023, respectively.
During the year ended December 31, 2025, the Company reduced gross property, plant, and equipment by approximately $20,943,000 and accumulated depreciation by approximately $20,380,000, due to the disposal of assets that were primarily fully depreciated. The loss of approximately $563,000 was recorded in selling, general, and administrative expense in the consolidated statement of operations for the year ended December 31, 2025.