Property, plant and equipment and inventory

6 Months Ended

Jun. 30, 2011

Property, plant and equipment and inventory [Abstract]

Property, plant and equipment and inventory

Note E — Property, plant and equipment and inventory

Property, plant and equipment is comprised of the following at June 30, 2011 and December 31, 2010 (in thousands):


	June 30,			December 31,
	2011			2010
Machinery and equipment	$	31,440		$	27,610
Office furniture, computers and software		18,754			17,623
Leasehold improvements		15,236			9,551

		65,430			54,784
Less: accumulated depreciation		(25,797	)		(21,300	)

Total	$	39,633		$	33,484

Depreciation expense was $2.4 million and $4.8 million for the three and six months ended June 30, 2011, respectively, and $2.2 million and $4.1 million for the three and six months ended June 30, 2010, respectively.

Inventory is comprised of the following at June 30, 2011 and December 31, 2010 (in thousands):


	June 30,			December 31,
	2011			2010
Raw materials and supplies	$	60,459		$	47,444
Finished goods		30,157			31,830
Less: obsolescence reserve		(2,381	)		(1,862	)

Total	$	88,235		$	77,412

- Definition

Disclosure of 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, building and production equipment. 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. This element may be used as a single block of text to include the entire PPE disclosure, including data and tables. This element also represents the complete disclosure related to inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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