Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
 
The composition of property, plant and equipment is as follows (dollar amounts in thousands):
As of December 31, 2022 2021
Land and improvements $ 668  $ 351 
Buildings and improvements 32,055  32,845 
Machinery and equipment 31,577  30,631 
Furniture and fixtures 11,669  12,237 
Computer software and hardware 61,180  57,535 
  137,149  133,599 
Accumulated depreciation and amortization (90,987) (82,742)
Total property, plant and equipment $ 46,162  $ 50,857 
 
Depreciation expense was $11.0 million and $11.1 million for the years ended December 31, 2022 and 2021, respectively.
Capitalized interest was immaterial for the years ended December 31, 2022 and 2021.