Property, plant and equipment is classified as follows (in thousands):

  ​ ​ ​

  ​ ​ ​

December 31, 

  ​ ​ ​

December 31, 

Useful lives

2025

2024

Land

$

1,798

$

1,770

Building and improvements

 

5 - 39 years

 

30,215

 

29,161

Machinery, equipment, tools and dies

 

3 - 15 years

 

121,774

 

110,194

Construction in progress

1,636

2,856

Furniture, fixtures and other

 

3 - 10 years

 

26,471

 

25,270

 

181,894

 

169,251

Less accumulated depreciation

 

(120,123)

 

(103,566)

Property, plant, and equipment, net

$

61,771

$

65,685

Historical Timeline

Fiscal YearFiled
2025Mar 5, 2026Showing above
2024Mar 5, 2025

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.