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Property, Plant and Equipment, net
12 Months Ended
Dec. 31, 2011
Property, Plant and Equipment, net  
Property, Plant and Equipment, net

5.                 Property, Plant and Equipment, net

 

Property, plant and equipment consisted of the following:

 

(in thousands)

 

 

 

December 31,

 

 

 

2011

 

2010

 

 

 

 

 

 

 

Land

 

$

28,996

 

$

26,384

 

Buildings and site improvements

 

153,597

 

141,834

 

Leasehold improvements

 

3,820

 

3,693

 

Machinery and equipment

 

208,292

 

186,021

 

 

 

394,705

 

357,932

 

Less accumulated depreciation and amortization

 

(201,540

)

(189,751

)

 

 

193,165

 

168,181

 

Capital projects in progress

 

2,551

 

8,891

 

 

 

$

195,716

 

$

177,072

 

 

Included in property, plant and equipment at December 31, 2011 and 2010, are fully depreciated assets with an original cost of $122.6 million and $98.6 million, respectively. These fully depreciated assets are still in use in the Company’s operations.

 

Depreciation expense for the years ended December 31, 2011, 2010 and 2009, was $16.3 million, $16.8 million and $19.7 million, respectively.

 

The Company’s vacant facility in San Leandro, California, was classified as an asset held for sale as of December 31, 2011, consistent with the classification at December 31, 2010, and is currently under contract.