Property, Plant and Equipment

12 Months Ended

Dec. 27, 2014

Property, Plant and Equipment [Abstract]

Property, plant and equipment consisted of the following at December 27, 2014 and December 28, 2013:



	Useful Life	2014			2013
Land		$	877,485		$	915,595
Buildings	10 years	2,298,367			2,398,188
Equipment	3-5 years	19,696,919			20,993,220
Leasehold improvements	Life of the lease	3,652,395			3,441,553
Furniture and fixtures	3 years	886,985			910,270
Equipment under construction		657,142			623,503
		28,069,293			29,282,329
Accumulated depreciation and amortization		(23,479,872		)	(23,247,366		)
Net property, plant and equipment		$	4,589,421		$	6,034,963

There were no material gains or losses on disposals of long-lived assets in fiscal years 2014, 2013 and 2012. Depreciation expense for the fiscal years 2014, 2013 and 2012 was approximately $2.6 million, $2.4 million and $3.5 million, respectively.

- 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.

+ References+ Details