Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2012

Note 7. Property, Plant and Equipment, net

The components of property, plant and equipment are as follows:

	December 31,

	2012			2011
	(in thousands)
Land and buildings	$	78,954		$	78,985
Machinery and equipment		7,118			7,020
Construction in process		455			541

Total cost		86,527			86,546
Accumulated depreciation		(52,114	)		(49,342	)

Property, plant and equipment, net	$	34,413		$	37,204

Depreciation expense was $3.3 million, $3.5 million, and $3.6 million, for the years ended December 31, 2012, 2011, and 2010, respectively.

- 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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