PROPERTY PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2014

PROPERTY PLANT AND EQUIPMENT, NET

PROPERTY PLANT AND EQUIPMENT, NET

NOTE G - PROPERTY PLANT AND EQUIPMENT, NET

Property, plant and equipment, net were comprised of the following:

	December 31,
				(As Restated)
(in thousands)	2014			2013
Land	$	794		$	794
Buildings	25,878			28,244
Furniture and fixtures	16,855			15,637
Machinery and equipment	53,443			57,244
Equipment leased to third parties under operating leases	37,645			35,453
Leasehold improvements	86,966			77,906
Computers and software	83,067			74,323
Total property, plant, and equipment, gross	304,648			289,601
Less: Accumulated depreciation	(192,298		)	(173,312		)
Total property, plant, and equipment, net	$	112,350		$	116,289

Total depreciation expense from both continuing operations and discontinued operations was approximately $32.8 million, $29.0 million, and $28.1 million for the years ended December 31, 2014, 2013 and 2012, respectively.

Included within Buildings was $21.3 million and $23.8 million recorded as an asset for certain build-to-suit leases as of December 31, 2014 and 2013, respectively.  Accumulated depreciation on these assets was $6.3 million and $8.4 million as of December 31, 2014 and 2013, respectively.

The following table summarizes the Company’s investment in equipment leased to third parties under operating leases:

	December 31,
				(As Restated)
(in thousands)	2014			2013
Program equipment	$	37,645		$	35,453
Less: Accumulated depreciation	(20,949		)	(15,515		)
Net book value	$	16,696		$	19,938

In connection with the Company’s strategic assessment of its CARES business during the third quarter of 2014, we performed an impairment analysis of the associated long-lived tangible assets.  The Company determined certain assets were not recoverable and recorded an impairment charge of $2.2 million, which is included in “Other operating costs” and “General and administrative expenses” within the consolidated statements of operations and comprehensive (loss) income.  In connection with a similar strategic assessment of its Dosteon businesses, the Company recorded other tangible long-lived asset impairments of $1.5 million in 2014 which are included in “Loss from discontinued operations, net of income taxes” on the Company’s consolidated statements of operations and comprehensive (loss) income.  See Note T - “Discontinued Operations” for additional information.