v3.26.1
Note 9 - Property, Plant and Equipment, Net
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

9.

PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, plant and equipment, net consist of the following:

 

   

December 31,

 
   

2025

   

2024

 

Land

  $ 130     $ 115  

Buildings and improvements

    16,408       19,385  

Machinery and equipment

    103,445       99,747  

Construction in progress

    7,114       5,243  
      127,097       124,490  

Accumulated depreciation

    (78,669 )     (76,611 )

Property, plant and equipment, net

  $ 48,428     $ 47,879  

 

Depreciation expense for the years ended December 31, 2025, 2024 and 2023 was $11.8 million, $9.9 million and $8.6 million, respectively. At December 31, 2025, no property was classified as assets held for sale within other current assets on the accompanying condensed consolidated balance sheets. At  December 31, 2024, a total of $2.1 million of property was classified as assets held for sale on the accompanying consolidated balance sheet related to several buildings in Zhongshan, PRC and Glen Rock, Pennsylvania.