PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

PROPERTY, PLANT AND EQUIPMENT [Abstract]

8.	PROPERTY, PLANT AND EQUIPMENT

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

	December 31,
	2012			2011
Land	$	3,234		$	3,396
Buildings and improvements		23,579			24,844
Machinery and equipment		69,987			67,823
Construction in progress		2,340			1,487
Assets held for sale		14			-
		99,154			97,550
Accumulated depreciation		(64,166	)		(58,136	)
	$	34,988		$	39,414

Depreciation expense for the years ended December 31, 2012, 2011 and 2010 was $8.1 million, $8.0 million and $8.3 million, 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.

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