PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2015

3.PROPERTY, PLANT AND EQUIPMENT

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

	March 31,			December 31
	2015			2014
Land	$	969		$	996
Building and improvements	9,374			9,324
Machinery, equipment, tools and dies	36,721			37,426
Furniture, fixtures and other	7,221			6,778
	54,285			54,524
Less accumulated depreciation	(18,312		)	(17,483		)
Property, plant and equipment, net	$	35,973		$	37,041

Depreciation expense was approximately $1,145 and $1,010 for the quarters ended March 31, 2015 and 2014, respectively.

- 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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