Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2013

5. Property, Plant and Equipment, net

Property, plant and equipment consisted of the following:

(in thousands)

	December 31,
	2013			2012

Land	$	29,347		$	32,068
Buildings and site improvements	178,391			174,187
Leasehold improvements	5,213			4,747
Machinery and equipment	225,831			214,222
	438,782			425,224
Less accumulated depreciation and amortization	(235,535		)	(217,868		)
	203,247			207,356
Capital projects in progress	6,286			6,096
	$	209,533		$	213,452

Included in property, plant and equipment at December 31, 2013 and 2012, are fully depreciated assets with an original cost of $147.9 million and $131.3 million, respectively. These fully depreciated assets are still in use in the Company’s operations.

Depreciation expense for the years ended December 31, 2013, 2012 and 2011, was $20.1 million, $19.0 million and $16.3 million, 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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