Property, Plant & Equipment

6 Months Ended

Jun. 30, 2012

Property, Plant & Equipment [Abstract]

6. Property, Plant & Equipment

The following is a summary of the Company's property, plant and equipment balances (in thousands of dollars):

	June 30,			December 31,
	2012			2011

Land	$	27,724		$	14,875
Land improvements		19,419			10,379
Buildings		216,635			137,923
Machinery and equipment		305,222			306,151
Furniture and fixtures		9,873			8,779
Computer equipment and software		58,121			16,359
Construction in progress		14,289			119,797
Total property, plant and equipment		651,283			614,263
Less accumulated depreciation		(272,068	)		(267,833	)
Total property, plant and equipment, net	$	379,215		$	346,430

Depreciation expense related to property, plant and equipment was $6.7 million and $5.2 million for the three months ended June 30, 2012 and 2011, respectively, and was $13.9 million and $10.3 million for the six months ended June 30, 2012 and 2011, respectively.

For the six months ended June 30, 2012 $4.0 million in capital expenditures were included in accounts payable on the Condensed Consolidated Statements of Cash Flows.

- 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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