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PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

NOTE D – PROPERTY AND EQUIPMENT

Property and equipment is summarized as follows (in thousands):

	December 31,
	2012		2011
Buildings and improvements	$	29,314	$	29,251
Machinery and equipment		50,452		48,170
Office furniture and equipment		1,251		1,251
Land improvements		992		992
		82,009		79,664
Less accumulated depreciation		51,824		47,837
		30,185		31,827
Land		1,368		1,368
Construction in progress		817		1,324
Property and equipment, net	$	32,370	$	34,519

Depreciation expense related to property and equipment charged to operations was approximately $4,210,000, $4,148,000, and $3,834,000 for 2012, 2011 and 2010, respectively. We capitalized $20,000, $39,000, and $113,000 of interest expense in 2012, 2011, and 2010, respectively, primarily related to the development of our enterprise resource planning software.

- 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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