Property, Plant & Equipment

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Line Items]

Property, plant and equipment consisted of the following at March 31, 2013 and December 31, 2012:



	March 31, 2013			December 31, 2012
Property, plant and equipment	$	101,960,000		$	99,747,000
Accumulated depreciation	(49,403,000		)	(48,189,000		)
Property, plant and equipment — net	$	52,557,000		$	51,558,000

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 $796,000 and $454,000 at March 31, 2013 and December 31, 2012, respectively. The Company did not capitalize any interest for the three months ended March 31, 2013, and capitalized $17,000 of interest expense for the three months ended March 31, 2012. At March 31, 2013 and December 31, 2012, purchase commitments for capital expenditures in progress were $7,160,000 and $662,000, respectively. The purchase commitments at March 31, 2013 primarily relate to the Company's compression molding capacity expansion, which is discussed further in Note 6.

- 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