XML 63 R10.htm IDEA: XBRL DOCUMENT v2.4.1.9
Property, Plant and Equipment, Net
6 Months Ended
Jun. 30, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
Note 5. Property, Plant and Equipment, Net
 
Property, plant and equipment consist of the following:
 
 
 
June 30,
 
December 31,
 
 
 
2014
 
2013
 
 
 
 
 
 
 
 
 
Building
 
$
36,266
 
$
34,710
 
Machinery and equipment
 
 
77,316
 
 
61,539
 
Office equipment and software
 
 
3,425
 
 
3,221
 
Vehicles
 
 
1,333
 
 
1,193
 
Furniture and fixtures
 
 
1,971
 
 
1,888
 
Total property, plant and equipment
 
 
120,311
 
 
102,551
 
Accumulated depreciation and amortization
 
 
(40,453)
 
 
(27,403)
 
Net value of property and equipment
 
 
79,858
 
 
75,148
 
Land
 
 
12,533
 
 
12,234
 
Total property, plant and equipment, net
 
$
92,391
 
$
87,382
 
 
Depreciation and amortization expense, inclusive of capital lease amortization, for the three month periods ended June 30, 2014 and 2013 was $3,020 and 2,370, respectively, and for the six month periods ended June 30, 2014 and 2013 was $ 4,972 and $3,995 respectively.
 
The Company closed on its contract executed in 2013 for the purchase of land adjacent to the Company’s current facilities for approximately $7.3 million and, as of June 30, 2014, is in the process of registering the property within requirements of Colombian laws. This purchase brings the Company’s total manufacturing facilities to approximately 2.3 million square feet.