Property, Plant & Equipment

9 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Line Items]

Property, plant and equipment consisted of the following at September 30, 2012 and December 31, 2011:



	September 30, 2012			December 31, 2011
Property, plant and equipment	$	99,645,000		$	93,236,000
Accumulated depreciation	(47,307,000		)	(43,892,000		)
Property, plant and equipment — net	$	52,338,000		$	49,344,000

Property, plant, and equipment are recorded at cost. Depreciation is provided on a straight-line method over the estimated useful lives of the assets. The carrying amount of long-lived assets is evaluated annually to determine if an adjustment to the depreciation period or to the unamortized balance is warranted. Additions in progress were $3,217,000 and $7,271,000 at September 30, 2012 and December 31, 2011, respectively and primarily relate to the Matamoros , Mexico production facility expansion. The Company capitalized $174,000 and $35,000 of interest expense for the nine months ended September 30, 2012 and 2011, respectively. For the three months ended September 30, 2012 and 2011, the Company capitalized $34,000 and $35,000 of interest expense, respectively. At September 30, 2012 and December 31, 2011, purchase commitments for capital expenditures in progress were $1,403,000 and $4,356,000, respectively. These commitments are primarily related to the Company's Matamoros production facility expansion project.

- 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