PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Apr. 29, 2012

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.

- 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.

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