Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment and Leased Facilities and Equipment (Tables)

v3.19.3.a.u2
Property, Plant and Equipment and Leased Facilities and Equipment (Tables)
12 Months Ended
Dec. 31, 2019
Property Plant And Equipment [Abstract]  
Summary of Property, Plant and Equipment

Property, plant and equipment consisted of the following at December 31, 2019 and 2018 (in thousands):

 

 

 

Estimated

 

 

December 31,

 

 

 

Useful Life

 

 

2019

 

 

2018

 

 

 

(in Years)

 

 

 

 

 

 

 

 

 

Land

 

 

 

 

$

4,972

 

 

$

4,972

 

Buildings

 

 

25

 

 

 

35,580

 

 

 

34,696

 

Machinery and equipment

 

3 to 25

 

 

 

126,622

 

 

 

132,155

 

Furniture and fixtures

 

3 to 5

 

 

 

2,288

 

 

 

2,497

 

Transportation equipment

 

3 to 5

 

 

 

2,521

 

 

 

2,627

 

Improvements

 

 

15

 

 

 

40,377

 

 

 

42,182

 

Construction in progress

 

 

 

 

 

2,636

 

 

 

1,944

 

Total property, plant and equipment

 

 

 

 

 

 

214,996

 

 

 

221,073

 

Accumulated depreciation

 

 

 

 

 

 

(144,512

)

 

 

(141,143

)

Property, plant and equipment, net

 

 

 

 

 

$

70,484

 

 

$

79,930

 

 

Schedule of Minimum Rental Payments

Future minimum payments under leases having initial terms of more than twelve months are as follows (in thousands):

 

 

 

Minimum

Payments

 

2020

 

$

660

 

2021

 

 

668

 

2022

 

 

677

 

2023

 

 

583

 

2024

 

 

488

 

Total lease payments

 

 

3,076

 

Less: interest

 

 

(481

)

Present value of lease liabilities

 

$

2,595