Property, plant and equipment consists of the following:

 

 

 

 

 

December 31,

 

 

 

 

2025

 

 

 

2024

 

 

 

 

 

 

 

 

 

 

Land

 

 

$

930

 

 

 

$

-

 

Buildings and improvements

 

 

 

1,562

 

 

 

 

242

 

Leasehold improvements

 

 

 

8,473

 

 

 

 

7,970

 

Machinery and equipment

 

 

 

58,738

 

 

 

 

54,158

 

Software

 

 

 

9,297

 

 

 

 

9,206

 

Construction in process

 

 

 

204

 

 

 

 

720

 

Total cost

 

 

 

79,204

 

 

 

 

72,296

 

Less: Accumulated depreciation and amortization

 

 

 

(48,235

)

 

 

 

(42,189

)

Total property, plant and equipment, net

 

 

$

30,969

 

 

 

$

30,107

 

 

Historical Timeline

Fiscal YearFiled
2025Mar 9, 2026Showing above
2024Mar 12, 2025
2023Mar 18, 2024
2022Mar 27, 2023
2021Mar 22, 2022
2020Mar 24, 2021
2019Mar 4, 2020
2018Mar 4, 2019
2017Mar 9, 2018
2016Mar 3, 2017
2015Mar 4, 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.