Property, Plant and Equipment

12 Months Ended

Dec. 31, 2011

Note 4: Property, Plant and Equipment

Property, plant and equipment are presented at cost net of accumulated depreciation and consist of the following:

December 31,	2011			2010
(in thousands)
Land	$	17,403		$	15,053
Buildings and leasehold improvements		94,152			82,457
Operating equipment		990,186			755,028
Capitalized software		18,662			15,899
Furniture and fixtures		5,679			4,690
Vehicles		306,716			219,555
Construction in progress		9,828			1,821
Gross property, plant and equipment		1,442,626			1,094,503
Less: accumulated depreciation		(767,266	)		(641,486	)
Net property, plant and equipment	$	675,360		$	453,017

Depreciation expense was $179.9 million in 2011, $133.4 million in 2010 and $130.6 million in 2009. There are no capital leases outstanding as of December 31, 2011 and December 31, 2010. The Company had accounts payable for purchases of property and equipment of approximately $32.7 million as of December 31 2011, $18.1 million as of December 31, 2010 and $3.7 million as of December 31, 2009.

- 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