Property, Plant and Equipment

6 Months Ended

Jan. 31, 2018

Property Plant And Equipment [Abstract]

6. Property, Plant and Equipment

Property, plant and equipment and related accumulated depreciation and amortization are summarized as follows (in thousands):

	January 31,			July 31,
	2018			2017
Land	$	13,128		$	12,632
Buildings and improvements		53,302			50,973
Equipment		113,725			106,379
Leasehold improvements		2,777			2,755
		182,932			172,739
Less: accumulated depreciation and amortization		(85,354	)		(76,974	)
		97,578			95,765
Construction-in-progress		11,376			9,670
Property, plant and equipment, net⁽¹⁾	$	108,954		$	105,435

(1)

In fiscal year 2016, as part of the Company’s ongoing review of its Milan production facilities, the Company determined that certain other facilities had excess capacity sufficient to absorb the manufacturing operations of one of its Milan plants. As a result, the Company committed to sell properties with a total estimated fair value, less costs to sell, of approximately $4.3 million at July 31, 2016. Assets held for sale are included in prepaid expenses and other in current assets. The Company obtained an updated third party market analysis on the property and has increased marketing and advertising efforts to sell the property.