Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 117

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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 million, respectively.
       ​ 

       12

   Note 8.  Property, Plant & Equipment
   ​
   Property, plant and equipment consisted of the following for the periods indicated (in thousands):
   ​
   
       September 30, 2025    December 31, 2024  
 Land improvements  $806  $806 
 Buildings and improvements   134,349   118,648 
 Machinery and equipment   363,264   275,617 
 Furniture and fixtures   6,393   5,150 
 Computer equipment and software   16,706   13,369 
 Transportation equipment   673   647 
   522,191   414,237 
 Less accumulated depreciation   (227,918)  (204,500)
   294,273   209,737 
 Construction in progress   14,929   8,397 
 Land   1,101   1,101 
 Total property, plant and equipment, net  $310,303  $219,235 

   ​
   For the three months ended  September 30, 2025 and 2024, the depreciation expense of property, plant and equipment was $7.3 million and $5.1 million, respectively. For the nine months ended  September 30, 2025 and 2024, the depreciation expense of property, plant and equipment was $19.2 million and $15.0 million, respectively. 
    
   As of  September 30, 2025, the Company concluded that its continued loss history constitutes a triggering event as described in ASC 360-10-35-21, Property, Plant, and Equipment.  The Company performed a recoverability test and concluded that future undiscounted cash flows exceed the carrying amount of the Company’s long-lived assets and therefore no impairment charge was recorded. 

   Note 9.  Intangible Assets, net
   ​
   Intangible assets consisted of the following for the periods indicated (in thousands):
   ​
   
       September 30, 2025  
   Gross    Accumulated    Intangible  
   Amount    amortization    assets, net  
 Patents  $10,192  $(6,709) $3,483 
 Trademarks   236   (79)