PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2013

NOTE 6. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment consisted of the following:

	December 31,

	2013			2012
	(in thousands)
Land, buildings and improvements	$	66,851		$	66,119
Machinery and equipment		115,681			107,664
Leasehold improvements		115,815			102,902
Furniture and fixtures		91,113			79,747
Software		34,166			29,956
Construction in progress		3,964			1,856


Total property, plant and equipment		427,590		$	388,244
Less: accumulated depreciation		(220,836	)		(188,757	)


Net property, plant and equipment	$	206,754		$	199,487

The Company recognized depreciation expense of property, plant and equipment of $42.8 million, $40.7 million and $38.8 million for the years ended December 31, 2013, 2012 and 2011, 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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