The proceeds from the disposition of all other significant assets of LTA’s axle and tire refurbishing business, consisting primarily of inventory and accounts receivable, were collected in January 2003 and resulted in a small gain. The discontinued axle and tire refurbishing business had previously been included in the Company’s MH segment, and had revenues of $11.2 million and $14.7 million, in 2002 and 2001, respectively. 4. INVENTORIES 5. FIXED ASSETS 6. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES 29 2003 ANNUAL REPORT DREW INDUSTRIES INCORPORATED December 31, 2003 2002 Accrued employee compensation and fringes $12,033 $ 9,556 Income taxes 1,171 1,047 Accrued expenses and other 6,490 7,096 Total $19,694 $17,699 Year Ended December 31, 2003 2002 2001 Charged to cost of sales $6,354 $5,604 $4,944 Charged to selling, general and administrative expenses 726 694 678 Total $7,080 $6,298 $5,622 Accrued expenses and other current liabilities consist of the following  (in thousands) : Depreciation and amortization of fixed assets consists of  (in thousands) : Fixed assets, at cost, consist of the following  (in thousands) : Estimated December 31, Useful 2003 2002 Life in Years Land $ 6,897 $ 6,883 Buildings and improvements 54,329 53,360 10 to 39 Leasehold improvements 1,616 1,464 2 to 11 Machinery and equipment 39,617 35,838 3 to 10 Transportation equipment 2,452 2,568 3 to 7 Furniture and fixtures 4,432 3,775 3 to 10 Construction in progress 144 1,041 109,487 104,929 Less accumulated depreciation and amortization 37,276 30,888 Fixed assets, net $ 72,211 $ 74,041 December 31, 2003 2002 Finished goods $ 7,438 $ 7,681 Work in process 1,165 1,408 Raw materials 28,708 28,054 Total $37,311 $37,143 Inventories consist of the following  (in thousands) :