Note 6 - Property, Plant and Equipment

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 6 — PROPERTY, PLANT AND EQUIPMENT

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

	JUNE 30, 2014		DECEMBER 31, 2013
Land and land improvements	$	8,678	$	2,606
Buildings and leasehold improvements		60,474		46,281
Furniture and equipment		109,687		76,536
Sub-total		178,839		125,423
Accumulated depreciation		(59,966)		(54,470	)
Property, plant and equipment placed in service, net		118,873		70,953
Construction in progress		16,822		11,155
Property, plant and equipment, net	$	135,695	$	82,108

Property, plant, and equipment, net increased $53.6 million principally as a result of the acquisition of Hi-Tech during the six month period ended June 30, 2014.

A portion of the Company’s property, plant and equipment is located outside the United States.  At June 30, 2014 and December 31, 2013, property, plant and equipment, net, with a net carrying value of $22.5 million and $21.1 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 $3.6 million and $1.6 million during the three month periods ended June 30, 2014 and 2013, respectively and approximately $5.5 million and $3.2 million during the six month periods ended June 30, 2014 and 2013, respectively.