ARGAN INC PP&E Disclosure
| 2026 | | 2025 | | Useful Life | |||
Land and improvements | $ | 936 | $ | 936 | Improvements 5-20 Years | |||
Building and improvements |
| 12,864 |
| 11,412 | Buildings 20-50 Years(1) | |||
Furniture, machinery and equipment |
| 18,537 |
| 17,386 | 2 - 20 Years | |||
Trucks, trailers and other vehicles |
| 5,601 |
| 5,856 | 3 - 10 Years | |||
| 37,938 |
| 35,590 | |||||
Accumulated depreciation |
| (21,342) |
| (21,127) | ||||
Property, plant and equipment, net | $ | 16,596 | $ | 14,463 | ||||
| (1) | Leasehold improvements are depreciated over the shorter of the useful life of the leasehold improvement or the lease term. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 26, 2026 | Showing above |
| 2025 | Mar 27, 2025 | |
| 2024 | Apr 11, 2024 | |
| 2023 | Apr 17, 2023 | |
| 2022 | Apr 13, 2022 | |
| 2021 | Apr 14, 2021 | |
| 2020 | Apr 14, 2020 | |
| 2019 | Apr 10, 2019 | |
| 2018 | Apr 11, 2018 | |
| 2017 | Apr 11, 2017 | |
| 2016 | Apr 15, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.