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Property, Plant and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Text Block]

Note 10 – Property, Plant and Equipment

Property, plant and equipment comprise:

		December 31,
		2011		2010
Land	$	8,198	$	6,458
Building and improvements		71,029		69,233
Machinery and equipment		130,939		124,043
Construction in progress		4,529		5,625
		214,695		205,359
Less accumulated depreciation		(131,779)		(128,824)
	$	82,916	$	76,535

The Company leases certain equipment under capital leases in South America and the U.S., and, prior to 2011, leased its manufacturing facility in Tradate, Italy under a capital lease. The Company purchased this facility in early 2011. Gross property, plant and equipment includes $1,297 and $4,454 of capital leases with $766 and $1,020 of accumulated depreciation at December 31, 2011 and December 31, 2010, respectively. The following is a schedule by years of future minimum lease payments:

For the year ended December 31,
2012	$	369
2013		229
2014		67
2015		64
2016		64
2017 and beyond		59
Total net minimum lease payments		852
Less amount representing interest		(89)
Present value of net minimum lease payments	$	763

- 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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