Property, Plant And Equipment

6 Months Ended

Nov. 30, 2011

Property, Plant And Equipment [Abstract]

5. PROPERTY, PLANT AND EQUIPMENT

A summary of property, plant and equipment as of November 30, 2011 and May 31, 2011 is as follows (in thousands):


	November 30, 2011			May 31, 2011
	(unaudited)
Land	$	5,998		$	6,026
Buildings and leasehold improvements		9,472			9,386
Machinery and equipment		111,023			105,997
Furniture and fixtures		1,915			1,849
Computers and computer software		7,648			7,223
Automobiles		2,660			2,719
Construction in progress		6,067			3,582

Total		144,783			136,782
Accumulated depreciation and amortization		(83,695	)		(78,215	)

Property, plant and equipment, net	$	61,088		$	58,567

At November 30, 2011, there was $0.4 million of capitalized interest included in property, plant and equipment attributable to 50 acres purchased in October 2007 to construct future facilities in Houston, Texas. At November 30, 2011, total capitalized cost of the project, inclusive of the capitalized interest, property purchase and related development cost was $6.8 million. Due to the 2008 economic recession, we postponed construction of the future facilities until such time as economic conditions and our growth necessitate the addition of the new facilities. Starting in the third quarter of fiscal year 2009, we ceased to further capitalize interest until the project resumes.

- 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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