Property and Equipment

3 Months Ended

Mar. 02, 2013

8. Property and Equipment

Property and equipment consist of:

	Estimated Useful Lives	March 2, 2013			December 1, 2012
Land		$	437		$	437
Land improvements	10 to 20 years	1,561			1,561
Buildings and improvements	10 to 40 years	1,859			1,857
Machinery and equipment	3 to 20 years	12,387			12,300
		16,244			16,155
Accumulated depreciation		(14,118		)	(14,030		)
		$	2,126		$	2,125

Griffin incurred new capital lease obligations of $48 and $54 related to equipment acquisitions in the 2013 first quarter and the 2012 first quarter, 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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