PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Sep. 30, 2013

PROPERTY, PLANT AND EQUIPMENT [Abstract]

NOTE 6 — PROPERTY, PLANT AND EQUIPMENT

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

	SEPTEMBER 30,			DECEMBER 31,
	2013			2012
Land	$	2,464		$	2,715
Buildings and leasehold improvements		43,903			43,190
Furniture and equipment		74,271			70,874
Sub-total		120,638			116,779
Accumulated depreciation		(52,392	)		(47,635	)
Property, plant and equipment placed in service, net		68,246			69,144
Construction in progress		12,264			11,535
Property, plant and equipment, net	$	80,510		$	80,679

A portion of the Company’s property, plant and equipment is located outside the United States. At September 30, 2013 and December 31, 2012, property, plant and equipment, net, with a net carrying value of $20.6 million and $23.7 million, respectively, was located outside the United States at the Company’s manufacturing facility and regional corporate offices in India.

The Company recorded depreciation expense of approximately $4.9 million and $3.2 million during the nine month periods ended September 30, 2013 and 2012, 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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