Property and Equipment

12 Months Ended

Dec. 31, 2012

Note 6 – Property and Equipment

Property and equipment consists of the following:


	December 31,
(in thousands)	2012			2011
Land	$	2,830		$	2,830
Buildings and improvements		13,114			8,794
Machinery and equipment		39,209			28,178
Computer hardware and software		5,019			4,102
Leasehold improvements		2,921			1,811
Construction in progress		1,903			2,521
Capital leases		1,512			1,493

		66,508			49,729
Accumulated depreciation and amortization		(21,192	)		(15,480	)

Property and equipment, net	$	45,316		$	34,249

Depreciation and amortization expense for the years ended December 31, 2012, 2011 and 2010 was $6.1 million, $4.3 million and $3.5 million, respectively.

During 2010, the Company determined that certain equipment held by Proto Labs G.K. was impaired. This resulted in an impairment charge of $0.8 million for the year ended December 31, 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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