Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v2.4.1.9
Property and Equipment
12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Property and Equipment
7. Property and Equipment:

Property and equipment, net, consists of the following at December 31, 2014 and 2013:

 

     Estimated
Useful Life
   Successor           Predecessor  
     (Years)    2014            2013  

Land

   n/a    $ 1,069            $ 1,166   

Buildings

   27      2,184              2,758   

Leasehold improvements

   3-10      4,384              5,808   

Machinery and equipment

   2-10      116,371              143,002   

Furniture and fixtures

   3-8      1,127              1,102   

Construction in process

        3,757              3,352   
     

 

 

         

 

 

 

Property and equipment, gross

  128,892        157,188   

Less: Accumulated depreciation

  14,361        61,370   
     

 

 

         

 

 

 

Property and equipment, net

$ 114,531      $ 95,818   
     

 

 

         

 

 

 

Machinery and equipment includes capitalized software of $11,653 and $13,270 as of December 31, 2014 and 2013, respectively. Capitalized interest of $140 and $182 was recorded for the years ended December 31, 2014 and 2013, respectively.

The Predecessor’s depreciation expense for depreciable assets for the six months period ended June 29, 2014 was $14,149, and for the years ended December 31, 2013 and 2012 was $24,796 and $22,009, respectively. The Successor’s depreciation expense for depreciable assets for the period from June 30, 2014 through December 31, 2014 was $17,277.