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, 2023
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, 2023 2022
Land and improvements $ 351  $ 668 
Buildings and improvements 32,853  32,055 
Machinery and equipment 31,539  31,577 
Furniture and fixtures 6,126  11,669 
Computer software and hardware 68,887  61,180 
  139,756  137,149 
Accumulated depreciation and amortization (94,756) (90,987)
Total property, plant and equipment $ 45,000  $ 46,162 
 
Depreciation expense was $11.8 million and $11.0 million for the years ended December 31, 2023 and 2022, respectively.
Capitalized interest was immaterial for the years ended December 31, 2023 and 2022.