Property, Plant and Equipment

9 Months Ended

Sep. 30, 2011

Property, Plant and Equipment [Abstract]

4. Property, Plant and Equipment


	September 30,			December 31,
	2011			2010
	(Amounts in thousands)

Property, plant and equipment:
Construction in progress (1)	$	104,145		$	14,604
Lab and testing equipment		3,927			3,250
Leasehold improvement		2,418			2,194
Manufacturing, machinery and equipment		17,894			16,305
Computer equipment and software		473			347
Furniture and fixtures		134			143

Total property, plant and equipment		128,991			36,843
Less: accumulated depreciation		(3,489	)		(1,963	)

Net property, plant and equipment	$	125,502		$	34,880


(1)		Gross construction in progress at September 30, 2011 is $121.3 million, offset by $17.2 million attributable to the non-interest bearing component of the Mississippi Development Authority Loan (see Note 6 — Long Term Debt).

Depreciation expense was $550,000 and $409,000 for the three months ended September 30, 2011 and 2010, respectively, and was $1.5 million and $998,000 for the nine months ended September 30, 2011 and 2010, respectively. Construction in progress as of September 30, 2011 and December 31, 2010 includes capitalized interest of $1.8 million and $118,000, respectively. The Company capitalized interest of $728,000 and $0, respectively, for the three-month periods ended September 30, 2011 and 2010, and $1.7 million and $0, respectively, for the nine-month periods ended September 30, 2011 and 2010.

- 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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