Property, Plant And Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant And Equipment

Note 9. Property, Plant And Equipment

Property, plant and equipment consist of the following:

	December 31,
	2015			2014
	(in thousands)
Land	$	2,401		$	216
Buildings and leasehold improvements		9,738			6,604
Equipment and other property		31,451			25,148
		43,590			31,968
Less: accumulated depreciation		(25,424	)		(23,898	)
Property, plant and equipment, net	$	18,166		$	8,070

The increase in property, plant and equipment, net during 2015 was primarily due to the Davall Acquisition and Torque Systems Acquisition. As of their acquisition dates, $6,449,000 of property, plant and equipment was acquired in the Davall Acquisition and $3,029,000 of property, plant and equipment was acquired in the Torque Systems Acquisition (See Note 10 – Acquisitions for further information).

Depreciation expense on property, plant and equipment was $2,346,000, $1,549,000, and $1,462,000 for 2015, 2014 and 2013, respectively. The increase in depreciation expense in 2015 was primarily due to the Davall Acquisition and Torque Systems Acquisition.