THE DIXIE GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (amounts in thousands, except per share data) (Continued) NOTE 4 - RECEIVABLES, NET NOTE 5 - INVENTORIES, NET NOTE 6 - PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment consists of the following: Depreciation of property, plant and equipment, including amounts for finance leases, totaled $11,219 in 2019, $12,141 in 2018 and $12,436 in 2017. In March 2019, the Company incurred an inventory liquidation due to a consignment agreement with a primary vendor of raw materials. The former inventory levels are not expected to be reinstated. The Company recognized the effect within 2019 which resulted in liquidations of LIFO inventories carried at prevailing costs established in prior years and reduced cost of sales by $281. Inventories are summarized as follows: Bad debt expense was $240 in 2019, $163 in 2018, and $70 in 2017. Receivables are summarized as follows: 2019 2018 Customers, trade $ 34,285 $ 40,121 Other receivables 3,115 2,595 Gross receivables 37,400 42,716 Less: allowance for doubtful accounts (262) (174) Receivables, net $ 37,138 $ 42,542 2019 2018 Raw materials $ 32,377 $ 36,875 Work-in-process 18,642 20,274 Finished goods 64,978 67,085 Supplies and other 260 190 LIFO reserve (20,748 ) (19,229 ) Inventories, net $ 95,509 $ 105,195 2019 2018 Land and improvements $ 3,422 $ 8,528 Buildings and improvements 51,432 63,389 Machinery and equipment 179,993 183,900 Assets under construction 1,459 2,675 236,306 258,492 Accumulated depreciation (170,864) (174,381) Property, plant and equipment, net $ 65,442 $ 84,111 Table of Contents 45