Depreciation and Amortization |
6 Months Ended |
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Jul. 03, 2015 | |
Property, Plant and Equipment [Abstract] | |
Depreciation and Amortization | Depreciation and Amortization The Company received $63.5 million from the U.S. Department of Defense (DoD) in previous periods for reimbursement of the DoD's share of the cost of capital equipment acquired by the Company under a Title III contract. The Company recorded the cost of the equipment in property, plant, and equipment and the reimbursements as unearned income, a liability on the Consolidated Balance Sheets. The equipment was placed in service during the third quarter of 2012, and its full cost is being depreciated in accordance with Company policy. The unearned income liability is being reduced ratably with the depreciation expense recorded over the life of the equipment. In the first six months of 2015, the depreciation expense on the equipment subject to reimbursement was $3.3 million. Unearned income was reduced by $3.3 million, accordingly, with the offset recorded as a credit to cost of sales. Depreciation, depletion, and amortization expense on the Consolidated Statements of Cash Flows is shown net of the reduction in unearned income. |