PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

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		2014			2013
(in thousands)
Land		N/A	$	657		$	657
Buildings		7-40		17,237			17,113
Operating equipment and property		3-15		9,981			9,768
Furniture and fixtures		5-7		1,978			1,915
Vehicles		5-10		4,217			6,422
Gross property, plant and equipment				34,070			35,875
Less: accumulated depreciation				(24,180	)		(24,610	)
Net property, plant and equipment			$	9,890		$	11,265

Depreciation expense was $712,000 in 2014, $726,000 in 2013 and $768,000 in 2012.

- 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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