Note 6 - Property, Plant and Equipment

9 Months Ended

Sep. 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):

	SEPTEMBER 30, 2014		DECEMBER 31, 2013
Land and land improvements	$	9,395	$	2,606
Buildings and leasehold improvements		61,430		46,281
Furniture and equipment		112,282		76,536
Sub-total		183,107		125,423
Accumulated depreciation		(64,767)		(54,470	)
Property, plant and equipment placed in service, net		118,340		70,953
Construction in progress		21,032		11,155
Property, plant and equipment, net	$	139,372	$	82,108

Property, plant, and equipment, net increased $57.3 million principally as a result of the acquisitions of Hi-Tech and VersaPharm during the nine month period ended September 30, 2014.

A portion of the Company’s property, plant and equipment is located outside the United States.  At September 30, 2014 and December 31, 2013, property, plant and equipment, net, with a net carrying value of $22.1 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 $4.9 million and $1.7 million during the three month periods ended September 30, 2014 and 2013, respectively and approximately $10.4 million and $4.9 million during the nine month periods ended September 30, 2014 and 2013, respectively.