Property, Plant & Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant & Equipment [Abstract]

(6) Property, Plant & Equipment

The following is a summary of the Company's P. P. & E. balances at December 31:

(Thousands of dollars)	2011			2010

Land	$	28,021		$	19,775
Land improvements		17,376			10,449
Buildings		212,428			106,199
Machinery and equipment		310,352			289,579
Furniture and fixtures		9,144			6,839
Computer equipment and software		36,942			23,407
Total property, plant and equipment		614,263			456,248
Less accumulated depreciation		(267,833	)		(252,531	)
Total property, plant and equipment, net	$	346,430		$	203,717

Depreciation expense related to property, plant and equipment was $21.6 million, $19.4 million and $17.1 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.

+ References+ Details