Property And Equipment

3 Months Ended

Mar. 31, 2012

Note 6—Property, Plant and Equipment

Property, plant and equipment is as follows (in thousands):


	March 31, 2012			December 31, 2011
Land	$	1,436		$	1,220
Buildings and leasehold improvements		18,423			18,401
Machinery, equipment and rental tools		46,342			44,364
Equipment in progress		5,043			4,048
Furniture and fixtures		1,288			1,288
Transportation equipment		5,297			4,853
Computer equipment		1,882			1,900

Property and equipment		79,711			76,074
Less accumulated depreciation		(33,921	)		(32,160	)

Property, plant and equipment, net	$	45,790		$	43,914

Depreciation expense, inclusive of expense captured in cost of revenue, totaled $2.1 million and $2.0 million for the three months ended March 31, 2012 and 2011, respectively.

- 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.

+ References+ Details