Property and Equipment, Net

6 Months Ended

Jun. 30, 2011

Note 5 - Property and Equipment, Net

Property and equipment, net, including property and equipment under capital leases, is comprised of the following as of June 30, 2011 and December 31, 2010 (in millions):


	June 30, 2011			December 31, 2010			Estimated Useful Lives (In Years)
Land	$	4.7		$	4.7
Buildings and leasehold improvements		11.6			11.1		5 - 40
Machinery and equipment		345.7			274.5		2 - 15
Office furniture and equipment		69.8			59.9		3 - 7

Total property and equipment	$	431.8		$	350.2
Less accumulated depreciation		(191.2	)		(169.4	)


Property and equipment, net	$	240.6		$	180.8

Property and equipment under capital leases are depreciated over their estimated useful lives. Depreciation expense for the three months ended June 30, 2011 and 2010 was $14.7 million and $11.1 million, respectively. Depreciation expense for the six months ended June 30, 2011 and 2010 was $27.8 million and $22.2 million, respectively.

Management reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be realizable. Based on the Company's analysis, there were no material impairment charges during the three or six months ended June 30, 2011 and 2010.

- 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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