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FIXED ASSETS

12 Months Ended

Dec. 31, 2011

Note 6 FIXED ASSETS

Fixed assets consist of the following:

	December 31, 2011			December 31, 2010

	(in thousands)
Land	$	14,970		$	26,799
Buildings and improvements		533,205			532,682
Machinery and equipment		965,451			930,223
Furniture and fixtures		17,906			18,479
Construction-in-progress		620			8,673

	$	1,532,152		$	1,516,856
Less: Accumulated depreciation and amortization		(1,275,082	)		(1,256,732	)

	$	257,070		$	260,124

On August 30, 2011, the Company completed the sale of its San Jose corporate headquarters and adjacent parcels of land. See Notes 11 and 15 for further discussion.

Depreciation expense on fixed assets for the years ended December 31 2011, 2010 and 2009 was $68.9 million, $56.8 million and $60.6 million, respectively. Fixed assets acquired under capital leases were not material at December 31, 2011 and 2010.

The Company assesses the recoverability of long-lived assets with finite useful lives annually or whenever events or changes in circumstances indicate that the Company may not be able to recover the asset's carrying amount. The Company measures the amount of impairment of such long-lived assets by the amount by which the carrying value of the asset exceeds the fair market value of the asset, which is generally determined based on projected discounted future cash flows or appraised values. For the year ended December 31, 2010, the Company recorded impairment charges of $11.9 million related to the sale of its Rousset, France manufacturing operation (see Note 15 for further discussion).

- 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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