Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2012

5. Property, Plant and Equipment, net

Property, plant and equipment consisted of the following:

(in thousands)

	December 31,
	2012			2011

Land	$	32,068		$	28,996
Buildings and site improvements	174,187			153,597
Leasehold improvements	4,747			3,820
Machinery and equipment	214,222			208,292
	425,224			394,705
Less accumulated depreciation and amortization	(217,868		)	(201,540		)
	207,356			193,165
Capital projects in progress	6,096			2,551
	$	213,452		$	195,716

Included in property, plant and equipment at December 31, 2012 and 2011, are fully depreciated assets with an original cost of $131.3 million and $122.6 million, respectively. These fully depreciated assets are still in use in the Company’s operations. The Company’s facility in Hungen, Germany, was classified as an asset held for sale as of December 31, 2012, for which an impairment of $0.3 million was recorded in 2012.

Depreciation expense for the years ended December 31, 2012, 2011 and 2010, was $19.0 million, $16.3 million and $16.8 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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