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Property, Plant and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 4 — Property, Plant and Equipment

Components of property, plant and equipment were as follows:

			September 30,				September 30,
		(Dollars in thousands) December 31,
		2011				2010
Land		$	8,750			$	8,781
Buildings and improvements			49,917				49,857
Machinery and equipment			28,767				32,062
Capitalized software			21,422				9,279
Furniture and fixtures			5,640				5,538
Capital leases			3,501				3,210
Vehicles			131				247
Construction in progress			8,263				8,944

			126,391				117,918
Accumulated depreciation and amortization			(73,689	)			(73,476	)

		$	52,702			$	44,442

Construction in progress at December 31, 2011 includes $5.6 million related to the construction of the new McCook, Illinois distribution center (“McCook Facility”), $1.2 million related to the development of a new website and $1.4 million related to various other business improvement projects.

The $5.6 million construction in progress for the McCook Facility includes $4.0 million related to a build-to-suit lease. Because the Company was directly involved in structural improvements to the McCook Facility and made direct payments for construction costs, under build-to-suit accounting guidance, the Company recorded a $4.0 million asset and a corresponding $4.0 million construction liability of which $0.6 million is included in accrued expenses and other liabilities and $3.4 million is included in other noncurrent liabilities. Because the recording of the asset and construction liability was a non-cash transaction, it was not reflected in the Consolidated Statements of Cash Flows. When the McCook Facility is occupied, scheduled for 2012, the Company will assess whether the lease arrangement qualifies for sales recognition under sale-leaseback accounting guidance.

The December 31, 2010 construction in progress includes $6.5 million related to the new ERP system.

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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