Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

4.	Property, Plant and Equipment

Property, plant and equipment consist of the following:

December 31,	2014		2013

Land and improvements	$	1,926	$	1,819
Buildings and improvements		42,432		39,034
Machinery and equipment		201,562		172,987
Dies and tools		42,316		36,287
	$	288,236	$	250,127

In 2013, the Company revised its estimate of the useful life of machinery and equipment from 10 to 7 years. This change, which became effective December 31, 2013, resulted in increased depreciation expense of $7.1 million and $0.7 million for 2014 and 2013, respectively. The Company estimates that this change will increase depreciation expense for the machinery and equipment that was on hand at December 31, 2013 by approximately $3 million in 2015.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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