Property, Plant and Equipment

3 Months Ended

Mar. 31, 2014

Property, Plant and Equipment [Abstract]

10. Property, Plant and Equipment

Property, plant and equipment consist of the following:



	March 31, 2014			December 31, 2013
	(In thousands)
Land	$	208,024		$	208,048
Land use rights	26,845			26,845
Buildings and improvements	914,950			911,258
Machinery and equipment	3,668,875			3,577,045
Software and computer equipment	194,974			193,641
Furniture, fixtures and other equipment	17,327			17,430
Construction in progress	34,199			27,039
Total property, plant and equipment	5,065,194			4,961,306
Less accumulated depreciation and amortization	(3,031,798		)	(2,954,753		)
Total property, plant and equipment, net	$	2,033,396		$	2,006,553

The following table presents depreciation expense as included in the Consolidated Statements of Income:



	For the Three Months Ended March 31,
	2014		2013
	(In thousands)
Cost of sales	$	99,767	$	89,167
Selling, general and administrative	3,436		4,136
Research and development	4,833		2,995
Total depreciation expense	$	108,036	$	96,298

As of March 31, 2014, we have incurred $3.4 million of capitalized interest associated with our spending for land and design costs in anticipation of building a new factory and research and development center in Korea.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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