Property, Plant and Equipment

3 Months Ended

Mar. 31, 2026

Property Plant And Equipment [Abstract]

9. Property, Plant and Equipment — Property, plant and equipment at March 31, 2026 and December 31, 2025 consists of the following:


	March 31, 2026			December 31, 2025
Land	$	2,761		$	2,761
Buildings and improvements		20,554			20,494
Machinery and equipment		150,514			149,715
Office furniture, fixtures and equipment		5,942			5,799
Automotive equipment		1,001			910
Construction in progress		2,054			2,094
Total		182,826			181,773
Less accumulated depreciation		(131,105	)		(128,737	)
Property, plant and equipment, net	$	51,721		$	53,036

The Company recognized depreciation expenses related to property and equipment of $1,656 and $1,678 for the three months ended March 31, 2026 and 2025, respectively.

Substantially all of the Company’s assets are pledged as collateral with its lender banks.