Property and Equipment

3 Months Ended

Mar. 31, 2012

8.	Property and Equipment

Property and equipment, net consists of (in thousands):


	March 31,			December 31,
	2012			2011
Land, building and leasehold improvements	$	2,323		$	2,277
Furniture, fixture and office equipment		6,419			5,755
Plant and machinery		7,052			5,255
Purchased software		1,454			1,299

Total		17,248			14,586
Accumulated depreciation		(8,568	)		(7,887	)

Property and equipment, net	$	8,680		$	6,699

The Company recorded depreciation expense, including amortization expense on capitalized leased assets, in the amount of approximately $0.5 million and $0.3 million for the three months ended March 31, 2012 and 2011, respectively. The net increase of $0.7 million in accumulated depreciation is due to depreciation expense of $0.5 million recorded during the year and $0.2 million for the change in foreign exchange rates between the balance sheet dates.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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