Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Dec. 31, 2012
PROPERTY, PLANT AND EQUIPMENT

5. 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   
     

 

 

    

 

 

 

The Company leases certain equipment used in the normal course of its operations under month-to-month lease agreements cancelable only by the Company. During 2012, 2011, and 2010, the Company expensed $7.7 million, $1.9 million, and $2.7 million, respectively, related to these leases.