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,	Estimated Useful Lives		2011			2010
(in thousands)
Land		N/A	$	657		$	657
Buildings		7-40		17,012			16,928
Operating equipment and property		3-15		9,684			9,578
Furniture and fixtures		5-7		1,801			1,749
Vehicles		5-10		6,207			6,092
Gross property, plant and equipment				35,361			35,004
Less: accumulated depreciation				(23,477	)		(22,588	)
Net property, plant and equipment			$	11,884		$	12,416

Depreciation expense was $889,000 in 2011, $1,081,000 in 2010 and $1,354,000 in 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.

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