Property, Plant & Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment

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



	2013			2012
Land and land improvements	$	5,098,000		$	5,098,000
Buildings	36,651,000			36,556,000
Machinery and equipment	60,897,000			56,831,000
Tools, dies, and patterns	808,000			808,000
Additions in progress	5,953,000			454,000
Total	109,407,000			99,747,000
Less accumulated depreciation	(52,929,000		)	(48,189,000		)
Property, plant, and equipment - net	$	56,478,000		$	51,558,000

Additions in progress at December 31, 2013 and 2012 relate to equipment purchases that were not yet completed at year end. At December 31, 2013, commitments for capital expenditures in progress were $4,629,000 and included $709,000 recorded on the balance sheet in accounts payable. At December 31, 2012, commitments for capital expenditures in progress were $662,000, and included $241,000 recorded on the balance sheet in accounts payable. The Company capitalized interest of $63,000 and $174,000 for the years ended December 31, 2013 and 2012, respectively.

- 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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