PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

NOTE 5 - PROPERTY, PLANT AND EQUIPMENT


(Dollars in thousands)	December 31, 2011			December 31, 2010

Land	$	15,453		$	16,122
Buildings and improvements		132,739			110,041
Machinery and equipment		157,430			124,184
Office equipment		26,825			25,465
Equipment in process		13,810			23,871
		346,257			299,683
Accumulated depreciation		(198,075	)		(180,879	)
Total property, plant and equipment, net	$	148,182		$	118,804

Depreciation expense was $20.9 million in 2011, $14.6 million in 2010, and $17.2 million in 2009. As part of the acquisition of Curamik in 2011, we acquired a capital lease. 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 of $0.4 million.

- 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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