Property and equipment consisted of the following at December 31:
 20252024
Buildings and improvements$28,915 $29,309 
Generators27,396 25,687 
Machinery and office equipment35,511 31,321 
Computer equipment and software10,767 11,300 
Construction in progress5,042 4,331 
Land1,258 1,006 
Total108,889 102,954 
Less accumulated depreciation(69,766)(61,295)
Property and equipment, net$39,123 $41,659 

Historical Timeline

Fiscal YearFiled
2025Feb 19, 2026Showing above
2024Feb 14, 2025
2023Feb 16, 2024
2022Feb 22, 2023
2021Feb 17, 2022
2020Feb 26, 2021
2019Feb 24, 2020
2018Mar 1, 2019
2017Feb 28, 2018
2016Mar 8, 2017
2015Feb 29, 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.