Annual report [Section 13 and 15(d), not S-K Item 405]

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2024
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, 2024 2023
Land and improvements $ 334  $ 351 
Buildings and improvements 34,158  32,853 
Machinery and equipment 32,145  31,539 
Furniture and fixtures 4,925  6,126 
Computer software and hardware 65,851  68,887 
  137,413  139,756 
Accumulated depreciation and amortization (97,828) (94,756)
Total property, plant and equipment $ 39,585  $ 45,000 
 
Depreciation expense was $14.2 million and $11.8 million for the years ended December 31, 2024 and 2023, respectively.
Capitalized interest was immaterial for the years ended December 31, 2024 and 2023.