PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property, plant and equipment comprised the following at December 31, 2011 and December 31, 2010:



	December 31, 2011			December 31, 2010
Land and buildings	$	160,183		$	166,082
Machinery, fixtures and equipment	197,047			202,447
Other equipment	31,970			32,258
Software licenses	39,993			40,072
Construction in progress	17,894			17,044
Total cost	447,087			457,903
Less: Accumulated depreciation	(229,720		)	(207,001		)
Total net book value	$	217,367		$	250,902

Assets held under capital leases (included in the above)
Land and buildings	$	4,508		$	4,904
Machinery, fixtures and equipment	3,146			2,587
Total cost	7,654			7,491
Less: Accumulated depreciation	(2,720		)	(2,113		)
Net book value	$	4,934		$	5,378

Depreciation expense for the years ending December 31, 2011, 2010 and 2009 was US$ 56.6 million, US$ 58.1 million and US$ 52.6 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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