Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and equipment are summarized as follows (in thousands):



	Estimated Useful Life	December 31,
	Estimated Useful Life	2014			2013
Land	—	$	24,536		$	25,254
Buildings	30 years	133,152			115,206
Machinery and equipment	3 to 7 years	236,267			237,179
Office equipment and other	3 to 10 years	101,289			91,666
		495,244			469,305
Less accumulated depreciation		(248,150		)	(235,264		)
		$	247,094		$	234,041

Depreciation expense for the years ended December 31, 2014, 2013 and 2012 was $34.6 million, $35.9 million and $35.3 million, respectively. Property and equipment, net, as of December 31, 2014, includes land and a building valued at approximately $2.8 million that are held for sale.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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