Property, Plant and Equipment

6 Months Ended

Nov. 30, 2013

5. PROPERTY, PLANT AND EQUIPMENT

A summary of property, plant and equipment as of November 30, 2013 and May 31, 2013 is as follows (in thousands):


	November 30, 2013			May 31, 2013
	(unaudited)
Land	$	3,087		$	3,108
Buildings and leasehold improvements		19,215			18,445
Machinery and equipment		145,431			137,439
Furniture and fixtures		4,790			4,469
Capitalized ERP system development costs		850			—
Computers and computer software		9,387			8,871
Automobiles		3,517			3,842
Construction in progress		6,900			3,816

Total		193,177			179,990
Accumulated depreciation and amortization		(113,449	)		(105,051	)

Property, plant, and equipment, net	$	79,728		$	74,939

In the second quarter of 2013, we initiated the design and implementation of a new ERP system, which is expected to be fully installed during fiscal 2016. Total future capital costs associated with the implementation are expected to be in the range of $10 to 12 million over the next two years.

Included in construction in progress are costs of approximately $3.5 million associated with the re-development of Team’s former headquarters in Alvin, Texas as an equipment, training and technical center for operations support. The Alvin project is expected to be completed in the spring of 2014 at a total cost of approximately $9 million.

- 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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