Property, Plant & Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment

Property, plant, and equipment consisted of the following at December 31:



	2012			2011
Land and land improvements	$	5,098,000		$	5,098,000
Buildings	36,556,000			36,535,000
Machinery and equipment	56,831,000			44,683,000
Tools, dies, and patterns	808,000			808,000
Additions in progress	454,000			6,112,000
Total	99,747,000			93,236,000
Less accumulated depreciation	(48,189,000		)	(43,892,000		)
Property, plant, and equipment - net	$	51,558,000		$	49,344,000

Additions in progress at December 31, 2012 and 2011 relate to equipment purchases that were not yet completed at year end. At December 31, 2012 commitments for capital expenditures in progress, including $241,000 recorded on the balance sheet in accounts payable, were $662,000. At December 31, 2011 commitments for capital expenditures in progress were $4,356,000, and included $1,086,000 recorded on the balance sheet in accounts payable. Capitalized interest for the years ended December 31, 2012 and 2011 was approximately $174,000 and $111,000, respectively.

- 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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