Property, Plant & Equipment

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property, plant and equipment consisted of the following at September 30, 2014 and December 31, 2013:



	September 30, 2014			December 31, 2013
Property, plant and equipment	$	118,145,000		$	109,407,000
Accumulated depreciation	(56,767,000		)	(52,929,000		)
Property, plant and equipment — net	$	61,378,000		$	56,478,000

Property, plant, and equipment are recorded at cost. Depreciation is provided on a straight-line method over the estimated useful lives of the assets. The carrying amount of long-lived assets is evaluated annually to determine if an adjustment to the depreciation period or to the unamortized balance is warranted. Additions in progress were $4,037,000 and $5,953,000 at September 30, 2014 and December 31, 2013, respectively. The Company capitalized $66,000 and $37,000 of interest expense for the nine months ended September 30, 2014 and 2013, respectively. At September 30, 2014, and December 31, 2013, purchase commitments for capital expenditures in progress were $1,053,000 and $4,629,000, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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