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Note 5. Property and Equipment

12 Months Ended

May 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

5.	PROPERTY AND EQUIPMENT

	May 31,
	2011			2010
	(in thousands)
Land	$	67		$	62
Buildings and improvements		3,073			1,702
Leasehold improvements		17,757			15,167
Capital work-in-progress		6,754			3,377
Furniture and fixtures		3,992			3,521
Instruments at customer sites		54,403			40,832
Machinery and equipment		34,826			34,164
		120,872			98,825
Less accumulated depreciation		(62,656	)		(49,656	)
Property, plant and equipment – net	$	58,216		$	49,169

Depreciation expense was $13.9 million in fiscal year 2011, $12.3 million in fiscal year 2010, and $9.6 million in fiscal year 2009. Depreciation expense is primarily included in cost of sales in the consolidated statements of income.

- 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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