Gulf Island Fabrication, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT (Tables)

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Property, Plant and Equipment

Property, plant and equipment consisted of the following at December 31 (in thousands):


	Estimated Useful Life	2012		2011
	(in Years)
Land	n/a	$	10,463	$	10,463
Buildings	25		60,729		59,257
Machinery and equipment	3 to 25		198,571		187,065
Furniture and fixtures	3 to 5		4,928		4,601
Transportation equipment	3 to 5		3,139		3,164
Improvements	15		95,874		84,828
Construction in progress	n/a		20,397		11,288

			394,101		360,666
Less accumulated depreciation			164,885		143,944

		$	229,216	$	216,722

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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