Property, Plant and Equipment

6 Months Ended

Jun. 30, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Text Block]

3. Property, Plant and Equipment

Property, plant and equipment, stated at cost, consist of the following at June 30, 2011 and December 31, 2010, respectively (in thousands):

	June 30, 2011			December 31, 2010
Land and land improvements	$	19,644		$	19,639
Construction in progress		1,026			607
Buildings and improvements		49,823			49,823
Machinery and equipment		246,490			246,312
Office furniture and equipment		6,422			6,100
		323,405			322,481
Accumulated depreciation		(75,893	)		(62,403	)
Property, plant and equipment, net	$	247,512		$	260,078

Depreciation expense related to property, plant and equipment was $6,740,000 and $13,490,000 for the three and six months ended June 30, 2011, respectively, and was $6,683,000 and $13,371,000 for the three and six months ended June 30, 2010, 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.

+ References+ Details