Property Plant and Equipment, net

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment, Net [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net is summarized as follows:



	At December 31,
	2014			2013
In thousands
Land	$	12,873		$	12,357
Buildings	79,477			70,992
Leasehold improvements	17,341			16,480
Machinery, office furniture and equipment	216,527			182,897
Construction in process	5,436			33,064
Total	331,654			315,790
Less accumulated depreciation	(183,829		)	(167,282		)
Property, plant and equipment, net	$	147,825		$	148,508

Depreciation expense was $23.8 million, $20.8 million and $18.8 million for 2014, 2013 and 2012, respectively. Included in machinery, office furniture and equipment and construction in process is $1.5 million of assets purchased under the Company's master leasing agreement with PNC and accounted for as capital leases. These leases have not yet commenced as of December 31, 2014. See Note 16, Commitments and Contingencies, for a discussion on the master leasing agreement.

- 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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