Property, Plant and Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Property, plant and equipment consist of the following (in thousands):



	December 31, 2012			December 31, 2011
Land	$	2,010		$	1,432
Buildings and improvements	581,286			520,137
Machinery and equipment	360,199			246,584
Capitalized leases for machinery, equipment, buildings, and land	35,129			76,244
	978,624			844,397
Accumulated depreciation and amortization	(313,067		)	(235,528		)
	665,557			608,869
Construction in progress	18,303			78,807
	$	683,860		$	687,676

The Company’s capital expenditures by segment were as follows:



	Years Ended December 31,
	2012		2011		2010
Palmarejo	$	38,456	$	36,976	$	54,226
San Bartolomé	25,672		17,731		6,159
Kensington	36,994		34,013		92,730
Rochester	11,794		27,217		2,349
Martha	1,193		3,426		100
Other	1,532		625		430
Net asset additions	$	115,641	$	119,988	$	155,994

Minimum future lease payments under capital and operating leases with terms longer than one year at December 31, 2012 are as follows:



Year Ending December 31,	Capital Leases			Operating Leases
2013	$	8,323		$	5,065
2014	2,779			4,245
2015	376			3,848
2016	223			546
2017	107			9
2018 and thereafter	230			267
Total minimum payments due	12,038			$	13,980
Less: Amount representing interest	(676		)
Present value of net minimum lease payments (See Note 14)	11,362
Less: Current maturities	(7,902		)
Non-current portion	$	3,460

The Company has also entered into various operating lease agreements which expire over the next year. Total rent expense charged to net income for all operating lease agreements was $14.1 million, $14.2 million and $10.5 million for the years ended December 31, 2012, 2011 and 2010, 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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