Property, Plant and Equipment, net
|12 Months Ended|
Dec. 31, 2021
|Property, Plant and Equipment [Abstract]|
|Property, Plant and Equipment, net||Property, Plant and Equipment, net
The property, plant and equipment, net balances were as follows:
The table below presents the depreciation expense related to property, plant and equipment for the following periods:
The depreciation expense for the Successor 2021 Period, included $0.1 million of accelerated depreciation due to a reduction of the estimated useful life for certain assets as a result of the early termination of the underlying lease. Refer to Note K for further information.
The Company occasionally designs and builds its own machinery. The cost of these projects, including direct material and labor, and other indirect costs attributable to the construction, are capitalized as construction in progress. No provision for depreciation is made on construction in progress until the related assets are completed and placed in service.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef