PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

NOTE 6 – PROPERTY AND EQUIPMENT

A summary of property and equipment at December 31 follows:

	2011			2010
	(In thousands)
Land	$	19,250		$	19,367
Buildings		70,168			70,335
Equipment		78,269			76,038
		167,687			165,740
Accumulated depreciation and amortization		(105,139	)		(97,381	)
Property and equipment, net	$	62,548		$	68,359

Depreciation expense was $8.4 million, $8.7 million and $8.7 million in 2011, 2010 and 2009, 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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