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Property and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

(5) Property and Equipment

Property and equipment consist of the following (in thousands):


		December 31, 2011			December 31, 2010			Estimated Useful Lives

Leasehold improvements		$	25,532		$	27,034			2-14 years	*
Equipment			30,052			30,002			2-6 years
Furniture and fixtures and other			1,791			2,824			6 years

			57,375			59,860
Less: Accumulated depreciation			40,573			38,286

		$	16,802		$	21,574

* Shorter of the lease term or lives indicated

Depreciation charged to operations relating to property and equipment totaled $5.3 million, $5.8 million, and $6.9 million for the years ended December 31, 2011, 2010 and 2009, respectively.

During 2011, the Company eliminated from its books and records fully-depreciated leasehold improvements of $1.2 million and fully-depreciated furniture and fixtures of $1.0 million at its former Bridgewater, New Jersey headquarters facility in connection with the lease terminations for the first and third floors (See Note 13, Restructurings and Note 20, Leases).

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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