Property, Plant and Equipment

12 Months Ended

Dec. 31, 2012

6. Property, Plant and Equipment

Property, plant and equipment is comprised of the following:


	December 31, 2011			December 31, 2012			Estimated Useful Lives
Land and improvements	$	92,386		$	91,456		10 to 25 years
Buildings and improvements		193,189			197,330		10 to 40 years
Machinery and equipment		415,828			511,753		5 to 10 years
Construction in progress		78,884			95,414

		780,287			895,953
Accumulated depreciation		(160,570	)		(267,345	)

Property, plant and equipment, net	$	619,717		$	628,608

During 2012, the Company impaired property, plant and equipment at one of their European facilities with a carrying value of approximately $16,700 to their fair value of approximately $9,400, resulting in an impairment charge of approximately $7,300. Fair value was determined using discounted cash flows, revenue growth of 2% and a discount rate of 15%.

Depreciation expense totaled $35,333, $57,687, $108,473, and $107,275 for the five months ended May 31, 2010, the seven months ended December 31, 2010 and the years ended December 31, 2011 and 2012, 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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