Property, Plant & Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment

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



	2014			2013
Land and land improvements	$	5,098,000		$	5,098,000
Buildings	37,143,000			36,651,000
Machinery and equipment	75,905,000			60,897,000
Tools, dies, and patterns	808,000			808,000
Additions in progress	979,000			5,953,000
Total	119,933,000			109,407,000
Less accumulated depreciation	(57,938,000		)	(52,929,000		)
Property, plant, and equipment - net	$	61,995,000		$	56,478,000

Additions in progress at December 31, 2014 and 2013 relate to equipment purchases that were not yet completed at year end. At December 31, 2014, commitments for capital expenditures in progress were $1,682,000 and included $557,000 recorded on the balance sheet in accounts payable. 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. The Company capitalized interest of $80,000 and $63,000 for the years ended December 31, 2014 and 2013, 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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