PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

NOTE 6 – PROPERTY AND EQUIPMENT

A summary of property and equipment at December 31 follows:

	2012			2011
	(In thousands)
Land	$	14,614		$	19,250
Buildings		56,835			70,168
Equipment		72,378			78,269
		143,827			167,687
Accumulated depreciation and amortization		(96,811	)		(105,139	)
Property and equipment, net	$	47,016		$	62,548

Depreciation expense was $7.6 million, $8.4 million and $8.7 million in 2012, 2011 and 2010, 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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