Property, Plant and Equipment, Net

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

(5) Property, Plant and Equipment, Net

Property, plant and equipment consist of the following:


	March 31, 2015			December 31, 2014			Useful life
	(In thousands)
Construction in progress	$	1,654		$	24,124		—
Buildings		23,253			16,303		30 years
Machinery and equipment		102,939			78,378		3-10 years
Computer equipment and software		6,681			5,556		3 years

Total		134,527			124,361
Accumulated depreciation		(55,007	)		(52,869	)

Property, plant and equipment, net	$	79,520		$	71,492

Depreciation expense was $2.2 million and $2.6 million for the three months ended March 31, 2015 and 2014, respectively.

Construction in progress totaled $1.7 million and $24.1 million at March 31, 2015 and December 31, 2014, respectively. In March 2015, the Company placed into service approximately $31.8 million of assets related to the Company’s completed third production line at its manufacturing facility in East Providence, RI.

- 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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