Ranges of estimated useful lives for computing depreciation are as follows:
Land improvements20 years
Buildings and improvements
20 - 40 years
Machinery and equipment
3 - 15 years
Tools, dies and patterns
3 - 5 years
Property, plant, and equipment consisted of the following at December 31 (in thousands):
20252024
Land and land improvements$5,578 $6,009 
Building and improvements33,374 46,952 
Machinery and equipment162,212 160,838 
Tools, dies, and patterns2,899 3,306 
Additions in progress13,549 3,437 
Total217,612 220,542 
Less accumulated depreciation(130,672)(139,735)
Property, plant and equipment, net$86,940 $80,807 
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Historical Timeline

Fiscal YearFiled
2025Mar 10, 2026Showing above
2024Mar 11, 2025
2023Mar 12, 2024
2022Mar 14, 2023
2021Mar 11, 2022
2020Mar 11, 2021
2019Mar 13, 2020
2018Mar 18, 2019
2017Mar 7, 2018
2016Mar 9, 2017
2015Mar 11, 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.