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

6. Property, Plant and Equipment

 

Property, plant and equipment consist of the following (in thousands):

 

  

June 30, 2026

  

September 30, 2025

 

Land and land improvements

 $2,981  $2,960 

Building and building improvements

  24,821   24,089 

Machinery and equipment

  50,970   48,647 

Furniture and fixtures

  1,610   1,032 

Tools and molds

  5,822   3,928 

Construction in progress

  546   2,856 

Transportation equipment

  53   41 
   86,803   83,553 

Accumulated depreciation and impairment

  (64,044)  (60,309)
  $22,759  $23,244 
         

 

On August 3, 2026, the Company sold its warehouse in Bogotá, Colombia.  The property was owned by a wholly-owned subsidiary of the Company and represented substantially the Company's entire investment in the subsidiary.  In connection with sale, the Company will derecognize the subsidiary’s cumulative translation losses currently included as a component of other comprehensive loss.  A loss on the derecognition of the group of assets, which is estimated to be approximately $2.5 million, will be included in the Company’s statements of operations in the fourth quarter of fiscal year 2026.

 

Property, plant and equipment depreciation expense for the three and nine months ended June 30, 2026 was $1.3 million and $3.7 million, respectively.  Property, plant and equipment depreciation expense for the three and nine months ended June 30, 2025 was $0.9 million and $2.7 million, respectively.