PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2016

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

4.PROPERTY, PLANT AND EQUIPMENT

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

	March 31, 2016			December 31, 2015
Land	$	979		$	970
Building and improvements	9,866			9,771
Machinery, equipment, tools and dies	40,923			37,782
Furniture, fixtures and other	9,347			8,657
	61,115			57,180
Less accumulated depreciation	(23,512		)	(21,865		)
Property, plant and equipment, net	$	37,603		$	35,315

Depreciation expense was approximately $1,491 and $1,145 for the quarters ended March 31, 2016 and 2015, respectively.