Property, Plant, and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, plant, and equipment consisted of the following (in thousands):



	December 31,
	2014			2013
Land	$	3,951		$	3,951
Buildings	23,815			18,371
Building improvements	20,985			15,711
Leasehold improvements	5,738			5,185
Computer hardware and software	31,816			29,353
Manufacturing test equipment	15,133			14,715
Furniture and fixtures	4,130			3,917
	105,568			91,203
Less: accumulated depreciation	(57,661		)	(54,067		)
	$	47,907		$	37,136

On December 29, 2014, the Company purchased a building in Cork, Ireland for 4,500,000 Euros (approximately $5,444,000) where the Company had previously leased space for several years and that serves as the distribution center for MVSD customers outside of the Americas. 450,000 Euros of the purchase price was paid in December 2014. The remaining 4,050,000 Euros were paid in early February 2015 and is included in "Accounts payable" on the Consolidated Balance Sheet at December 31, 2014.

The cost of property, plant, and equipment totaling $2,620,000 and $1,616,000 was removed from both the asset and accumulated depreciation balances in 2014 and 2013, respectively. Losses on these disposals were immaterial in both periods.

Buildings include rental property with a cost basis of $5,750,000 as of December 31, 2014 and 2013, and accumulated depreciation of $2,627,000 and $2,480,000 as of December 31, 2014 and 2013, respectively.

- 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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