Property, Plant and Equipment, Net

3 Months Ended

Oct. 31, 2013

6. Property, Plant and Equipment, Net

Property, plant and equipment are recorded at historical cost, net of accumulated depreciation. The following table summarizes property, plant, and equipment, net:


(in millions)	Estimated Useful Lives (Years)	As of October 31, 2013			As of July 31, 2013
Land and land improvements	N/A	$	7.5		$	7.4
Building and improvements	35 to 40		83.8			83.0
Leasehold and capital lease improvements	lesser of useful life or the lease term		10.7			10.7
Manufacturing and engineering equipment	4 to 7		96.3			103.4
Furniture, fixtures, and computer equipment	3 to 7		33.4			22.9
Motor vehicles	3 to 5		2.0			2.0
			233.7			229.4
Less accumulated depreciation and amortization			(122.0	)		(118.4	)
Total property, plant and equipment, net		$	111.7		$	111.0

For the three months ended October 31, 2013 and 2012, total depreciation of property, plant and equipment was $3.6 million and $3.2 million, 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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