PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2011

NOTE 6. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment consisted of the following:

	December 31,

	2011			2010
	(in thousands)
Land, buildings and improvements	$	63,615		$	63,400
Machinery and equipment		97,907			89,977
Leasehold improvements		92,649			82,594
Furniture and fixtures		68,481			55,247
Software		25,093			20,393
Construction in progress		3,252			549

Total property, plant and equipment	$	350,997		$	312,160
Less: accumulated depreciation		(152,826	)		(118,732	)

Net property, plant and equipment	$	198,171		$	193,428

The Company recognized depreciation expense of property, plant and equipment of $38.8 million, $39.2 million and $36.9 million for the years ended December 31, 2011, 2010 and 2009, 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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