v3.26.1
Note 7 - Property, Plant and Equipment
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

7.

 PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consist of the following:

 

  

June 30,

  

December 31,

 
  

2026

  

2025

 
         

Land

 $126  $130 

Buildings and improvements

  13,606   16,408 

Machinery and equipment

  109,254   103,445 

Construction in progress

  6,982   7,114 
   129,968   127,097 

Accumulated depreciation

  (82,917)  (78,669)

Property, plant and equipment, net

 $47,051  $48,428 

 

Depreciation expense was $3.0 million and $2.9 million, respectively, for the three months ended  June 30, 2026 and 2025 and $5.9 million for each of the six months ended June 30, 2026 and 2025. Depreciation expense related to our manufacturing facilities and equipment is included in cost of sales and depreciation expense associated with administrative facilities and office equipment is included in selling, general and administrative expense within the accompanying condensed consolidated statements of operations.

 

At June 30, 2026, a total of $0.8 million of properties were classified as assets held for sale on the accompanying condensed consolidated balance sheets related to a properties owned by the Company in Hong Kong.