Financials: Financial Statements and Supplementary Data: Notes to Consolidated Financial Statements – Note 8

For the Years Ended December 31, 2011, 2010 and 2009

8. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net is summarized as follows:

At December 31,
In thousands 2011 2010
Land $ 10,614 $ 10,537
Buildings 58,789 45,789
Leasehold improvements 14,720 15,165
Machinery, office furniture and equipment 162,362 143,574
Construction in process 8,067 5,339
Total 254,552 220,404
Less accumulated depreciation (142,657) (130,685)
Property, plant and equipment, net $ 111,895 $ 89,719

The increase in property, plant and equipment, net is attributable to capital expenditures made during the year and to the acquisitions completed in 2011. Depreciation expense was $16.3 million, $14.7 million and $13.2 million for 2011, 2010 and 2009, respectively.

     

Part II