Console color overwriting sometimes

Question

I've got a function that I wrote that is part of a larger script.  The issue I'm having doesn't seem specific to this function, but it's an example of what I'm seeing in general.  I'm doing this through the ISE if that matters.
About half the time when I run the script some of the colors get overwritten during the display where sometimes the line being written to the screen will have part of the color from the previous line in it, and not always just at the beginning.
Example output
Program Name | Installed   | Latest
Program 1      | 8.4.5.196   | 8.4.5.196  
The "Program Name" line is in white which is the way it should be. On he second line the word "Program" is in green like it should be, but the number "1" through "| 8.4.5.196   | 8.4"
is white and ".5.196" is back to green again like it should have been.
I'm assuming it has something to do with multithreading, but I'm not completely sure.  I've tried inserting Start-Sleep -m 100 in parts of the script and it does help a bit but does not completely eliminate it and I'd like to not have to slow the
script down to fix it if there's another way around it.
Is there something I'm missing maybe?  I'm self learning PS after previous experience with batch files, and C#.
Thanks
function CheckProductVersion ($FilePath, $ProgName, $Current)
$ProgName = $ProgName.PadRight(16,' ')
if (Test-Path $FilePath)
$result=" "
clv -name result
$result = (Get-Item $FilePath).VersionInfo.ProductVersion
$result = $result -replace "`t|`n|`r",""
$result = $result.PadRight(12,' ')
$Current = $Current.PadRight(12,' ')
if ($result -ne $Current)
write-host "$ProgName|`t$result|`t$Current" -foregroundcolor "red"
else
write-host "$ProgName|`t$result|`t$Current" -foregroundcolor "green"
} # End
else
write-host "$ProgName|`tNot Found`t|`t$Current" -foregroundcolor "white"
## Calling the function
write-host "$CompName Report:`n"
write-host "Program Name`t|`tInstalled `t|`tLatest" -foregroundcolor "white"
write-host "---------------------------------------------"
CheckProductVersion $Prog1FilePath "Program 1" $Prog1Current
CheckProductVersion $Prog2FilePath "Program 2" $Prog2Current
CheckProductVersion $Prog3FilePath "Program 3" $Prog3Current

Answer 1

Everything works currently the stuff at the beginning is just some remnants that I haven't cleared out yet.
As far as formatting, yes I understand it's not formatted and I'd prefer it that way as well. I'm spoiled by Visual Studio doing that for me automatically and the ISE does not.  I will revisit the rest of your suggestions later today.
Some of these things I'm doing are a result of some leeriness of my employer to allow IT to write compiled apps (I'm a Windows Batch and C# person trying to migrate to PS). Since Powershell covers about 90% of what I need compared to C# and it doesn't have
to be compiled it eases tensions with the powers that be.
Now that I even found that you can include WPF and XAML inside Powershell, I can write GUI apps as well.