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Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment

(5)

Property, Plant and Equipment

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

 

Category

 

 

Estimated
Useful Lives
(years)

 

 

 

2013

 

 

 

2012

 

 

 

 

 

 

 

(in thousands)

 

Buildings and improvements

 

 

15 – 25

 

 

$

3,756

 

 

$

4,426

 

Office equipment and furniture

 

 

2 – 7

 

 

 

2,476

 

 

 

1,766

 

Automobiles and trucks

 

 

2 – 5

 

 

 

226

 

 

 

219

 

Machinery and shop equipment

 

 

2 – 10

 

 

 

4,895

 

 

 

4,523

 

Construction in progress

 

 

 

 

 

 

2,475

 

 

 

1,299

 

 

 

 

 

 

 

 

13,828

 

 

 

12,233

 

Less: accumulated depreciation and amortization

 

 

 

 

 

 

8,026

 

 

 

7,660

 

 

 

 

 

 

 

 

5,802

 

 

 

4,573

 

Land

 

 

 

 

 

 

238

 

 

 

349

 

 

 

 

 

 

 

$

6,040

 

 

$

4,922

 

During the years ended December 31, 2013 and 2012, depreciation charged to operations amounted to $742,000 and $765,000 respectively. Of these amounts, $580,000 and $605,000 was charged to cost of sales while $162,000 and $160,000 was charged to selling, general and administrative expenses for the years ended December 31, 2013 and 2012, respectively.

In late 2012, management made a decision to sell the Houston, Texas headquarters and consolidate all TP&S and E&I service centers in Beaumont, Texas. The Company and M&I headquarters plan to stay in Houston at leased premises as described in Note 9.

On October 9, 2013, the Company sold the property and improvements at 6410 Long Drive, Houston, Texas. The proceeds were received in cash and resulted in a gain of $128,000 included in other income in the accompanying consolidated statements of operations. The facility was leased by the Company until March 14, 2014 when it relocated to its new leased facilities discussed in Note 9.