PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2014

4. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment is classified as follows (in thousands):

	March 31,			December 31
	2014			2013
Land	$	654		$	654
Building and improvements	9,879			9,748
Machinery, equipment, tools and dies	38,201			40,237
Furniture, fixtures and other	4,936			4,544
	53,670			55,183
Less accumulated depreciation	(15,800		)	(15,072		)
Property, plant and equipment, net	$	37,870		$	40,111

Depreciation expense was approximately $1,010 and $329 for the quarters ended March 31, 2014 and 2013, respectively.

- 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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