Property, Plant and Equipment

9 Months Ended

Sep. 30, 2013

3. Property, Plant and Equipment

Property, plant and equipment is classified as follows (in thousands):

	September 30, 2013			December 31, 2012
Land	$	290		$	290
Building and improvements	3,961			3,713
Machinery, equipment, tools and dies	15,183			13,483
Furniture, fixtures and other	4,159			3,996
	23,593			21,482
Less accumulated depreciation	(13,944		)	(12,851		)
Property, Plant and Equipment, net	$	9,649		$	8,631

Depreciation expense was $395,000 and $255,000 for the quarters ended September 30, 2013 and 2012, respectively. Depreciation expense was $1,059,000 and $895,000 for the nine months ended September 30, 2013 and 2012, 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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