Property, Plant and Equiptment (Notes)

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT



(Dollars in thousands)	December 31, 2013			December 31, 2012
Land	$	14,986		$	15,394
Buildings and improvements	136,959			132,673
Machinery and equipment	160,843			151,023
Office equipment	34,972			34,300
Equipment in process	21,360			21,202
	369,120			354,592
Accumulated depreciation	(222,189		)	(205,575		)
Total property, plant and equipment	$	146,931		$	149,017

Depreciation expense was $20.4 million in 2013, $22.7 million in 2012, and $20.8 million in 2011. As part of the acquisition of Curamik in 2011, we acquired a capital lease on its facility in Eschenbach, Germany. At December 31, 2011 this capital lease was recorded in Property, plant and equipment in our consolidated statements of financial position for $12.1 million, net of accumulated depreciation. The total obligation recorded for the lease as of December 31, 2013 and 2012 was $8.0 million and $8.4 million, respectively. Depreciation expense related to the capital lease was $0.4 million, $0.4 million and $0.4 million for the years ending December 31, 2013, 2012 and 2011, respectively. Accumulated depreciation for the capital lease as of December 31, 2013 and 2012 was $1.2 million and $0.8 million, respectively.

- 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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