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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2012
Inventories
Inventories included on the condensed consolidated balance sheets consisted of:

(in thousands of U.S. dollars)
September 30,
2012
 
December 31,
2011
Raw materials
$
20,532

 
$
28,075

Work in progress
11,328

 
13,045

Inventories
$
31,860

 
$
41,120

Summary of Costs and Ranges of Useful Lives of the Major Classes of Property, Plant and Equipment and Total Accumulated Depreciation related to Property, Plant and Equipment, Net
The following table summarizes the costs and ranges of useful lives of the major classes of property, plant and equipment and the total accumulated depreciation related to property, plant and equipment, net included on the condensed consolidated balance sheets:

 
Useful Lives
 
September 30,
2012
 
December 31, 2011
 
(in years)
 
(in thousands of U.S. dollars)
Land, at cost
N/A
 
$
7,185

 
$
7,167

Buildings, at cost
10 - 30
 
37,960

 
37,511

Machinery and equipment, at cost
3 - 20
 
224,679

 
217,764

Office furniture and equipment, at cost
3 - 10
 
241,765

 
236,994

Leasehold improvements, at cost
5 - 10
 
28,935

 
28,563

 
 
 
540,524

 
527,999

Less accumulated depreciation
 
 
(408,958
)
 
(379,094
)
Property, plant and equipment, net
 
 
$
131,566

 
$
148,905