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, 2021
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, 2021 2020
Land and improvements $ 351  $ 363 
Buildings and improvements 32,845  32,324 
Machinery and equipment 30,631  27,955 
Furniture and fixtures 12,237  12,557 
Computer software and hardware 57,535  56,838 
  133,599  130,037 
Accumulated depreciation and amortization (82,742) (75,682)
Total property, plant and equipment $ 50,857  $ 54,355 
 
Depreciation expense was $11.1 million and $10.4 million for the years ended December 31, 2021 and 2020, respectively.
Capitalized interest was immaterial for the years ended December 31, 2021 and 2020.