PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

PROPERTY, PLANT AND EQUIPMENT [Abstract]

4.	PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment, net consist of the following (in millions):

	December 31,
	2014		2013
Land and buildings	$	18.6	$	19.7
Furniture and fixtures, office, computer and other equipment and software		127.6		129.2
Leasehold improvements		26.8		30.8
		173.0		179.7
Less accumulated depreciation and amortization		131.8		120.3
Property, plant and equipment, net	$	41.2	$	59.4

Included in property, plant and equipment are assets under capital leases, as follows (in thousands):

	2014		2013
Office, computer and other equipment	$	17.4	$	17.4
Less: Accumulated amortization		14.5		12.0
	$	2.9	$	5.4

Depreciation charged to operations for property, plant and equipment including capital leases in 2014, 2013, and 2012 was $15.4 million, $17.4 million and $16.6 million, respectively. As a result of negative cash flows in its Technology Products segment operations in North America, and a forecast for continued use of cash, the Company conducted an evaluation of the long-lived assets in those operations and concluded that those assets were impaired. Accordingly an impairment charge of approximately $9.5 million, pre-tax, was recorded.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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