Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.19.1
PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2018
PROPERTY, PLANT AND EQUIPMENT  
PROPERTY, PLANT AND EQUIPMENT

NOTE 5—PROPERTY, PLANT AND EQUIPMENT

The Company’s property, plant and equipment balances, by significant asset category, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated

 

December 31,

($ in thousands)

 

Useful Lives

  

2018

  

2017

Buildings and improvements

 

5 - 39 years

 

$

474

 

$

582

Machinery and equipment

 

3 - 12 years

 

 

4,078

 

 

3,969

Furniture and fixtures

 

2 - 10 years

 

 

8,668

 

 

9,236

Construction-in-progress

 

 —

 

 

259

 

 

442

 

 

 

 

 

13,479

 

 

14,229

Less accumulated depreciation

 

 

 

 

(13,144)

 

 

(12,517)

Property, plant and equipment, net

 

 

 

$

335

 

$

1,712

 

Construction‑in‑progress primarily included building improvements and machinery and equipment as of December 31, 2018 and 2017. Depreciation expense was $0.9 million and $1.7 million for the years ended December 31, 2018 and 2017, respectively. No impairment charges on property, plant and equipment were recognized for the years ended December 31, 2018 and 2017.