Property and Equipment, Net

12 Months Ended

Dec. 31, 2012

Note 4.

Property and Equipment, Net

Property and equipment, net consisted of the following:


	(In thousands)				Range of
	December 31,				Estimated
	2012		2011		Useful Lives
Land	$	14,643	$	14,622
Buildings and improvements		45,816		44,402	5 - 40 Years
Machinery and equipment		121,033		107,591	2 - 20 Years
Furniture and equipment		26,181		23,707	2 - 10 Years
Construction in progress		7,142		8,817

		214,815		199,139
Less accumulated depreciation		116,432		100,662

Total	$	98,383	$	98,477

Depreciation expense was $15.9 million, $12.1 million and $8.4 million, for the years ended December 31, 2012, 2011 and 2010, respectively. Depreciation expense increased beginning in 2011 due to the LaBarge Acquisition.

- 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.

+ References+ Details