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PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended
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Apr. 29, 2012
PROPERTY, PLANT AND EQUIPMENT |
6. | PROPERTY, PLANT AND EQUIPMENT
A summary of property, plant and equipment follows:
|  | depreciable lives |  |  | April 29, |  |  | May 1, |
(dollars in thousands) |  | (in years) |  |  | 2012 |  |  | 2011 |
land and improvements |  |  | 0-10 |  |  | $ | 741 |  |  |  | 741 |
buildings and improvements |  |  | 7-40 |  |  |  | 12,566 |  |  |  | 11,966 |
leasehold improvements |  |  | ** |  |  |  | 801 |  |  |  | 451 |
machinery and equipment |  |  | 3-12 |  |  |  | 51,267 |  |  |  | 48,031 |
office furniture and equipment |  |  | 3-10 |  |  |  | 5,869 |  |  |  | 5,393 |
capital projects in progress |  |  |  |  |  |  | 1,062 |  |  |  | 786 |
|  |  |  |  |  |  | 72,306 |  |  |  | 67,368 |
accumulated depreciation and amortization |  |  |  |  |  |  | (41,027 | ) |  |  | (37,072 | )
|  |  |  |  |  | $ | 31,279 |  |  |  | 30,296 |
** Shorter of life of lease or useful life. At April 29, 2012, we had total amounts due regarding capital expenditures totaling $169,000, which pertain to outstanding vendor invoices, none of which are financed. The total outstanding amount of $169,000 is required to be paid in full in fiscal 2013. At May 1, 2011, we had total amounts due regarding capital expenditures totaling $140,000, which pertain to outstanding vendor invoices, none of which are financed. We did not finance any of our capital expenditures in fiscal 2012, 2011, and 2010. We financed a $2.4 million equipment purchase with a capital lease obligation totaling $1.4 million in fiscal 2009. This capital lease was paid in full in fiscal 2010. The $1.4 million in equipment under capital leases is reflected in property, plant, and equipment in the accompanying consolidated balance sheets as of April 29, 2012 and May 1, 2011, respectively. Depreciation expense on the carrying value of $2.4 million associated with this capital lease obligation was $208,000 in each of fiscal 2012, 2011 and 2010, respectively.

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 + Details
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