Property, Plant and Equipment, Net

Property, plant and equipment consisted of the following (U.S. dollars in millions):



	December 26, 2014			December 27, 2013
Land and land improvements	$	612.6		$	566.8
Buildings and leasehold improvements	469.7			440.6
Machinery and equipment	483.8			458.1
Maritime equipment (including containers)	177.2			184.3
Furniture, fixtures and office equipment	79.0			77.7
Automotive equipment	57.0			54.8
Construction-in-progress	67.8			64.7
	1,947.1			1,847.0
Less: accumulated depreciation and amortization	(776.9		)	(745.8		)
Property, plant and equipment, net	$	1,170.2		$	1,101.2

Depreciation and amortization expense on property, plant and equipment, including assets under capital leases, was $72.5 million, $68.7 million and $69.2 million for 2014, 2013 and 2012, respectively.

Shipping containers, machinery and equipment and automotive equipment under capital leases totaled $1.9 million and $2.4 million at December 26, 2014 and December 27, 2013, respectively. Accumulated amortization for assets under capital leases was $1.0 million and $1.3 million at December 26, 2014 and December 27, 2013, respectively.

For the years 2014, 2013 and 2012, the loss (gain) on sales of property, plant and equipment included a loss of $4.3 million, and gains of $4.9 million and a loss of $0.2 million, respectively. In 2014 and 2013, the loss of $4.3 million and $4.9 million primarily related to the disposal of low-yielding banana plants in Central America in order to replant and improve productivity, partially offset by a gain on the disposal of a refrigerated vessel and other surplus equipment.

Acquisitions and Asset Purchase

During December 2014, we completed the acquisitions of two pineapple plantations in Costa Rica of approximately 1,370 total acres consisting of agricultural production land, packing houses and farm equipment. The purchase price for these business combinations was $12.8 million, of which $12.6 million was paid using operating cash flows and available borrowings under the Credit Facility (as defined in Note 11); the remaining will be paid during 2015. Goodwill represents the excess purchase price above the fair market value of the net assets acquired, which was not significant.

During March 2014, we acquired approximately 2,600 total acres of agricultural production land in Florida to be used for the production of tomatoes. The assets were acquired using operating cash flows and available borrowings under the Credit Facility (as defined in Note 11), for a purchase price of approximately $16.0 million and was accounted for as an asset purchase.

During October 2013, we acquired approximately 7,200 total acres of tomato agricultural production land, packing houses and farm equipment located in Florida and Virginia. The assets were acquired using operating cash flows and available borrowings under the Credit Facility (as defined in Note 11), for a purchase price of approximately $36.8 million and was accounted for as an asset purchase.

During the fourth quarter of 2013, we completed the acquisition of a pineapple plantation in Costa Rica of approximately 1,850 total acres consisting of agricultural production land, packing houses and farm equipment. The purchase price for this business combination was $19.4 million, of which $18.5 million was paid using operating cash flows and available borrowings under the Credit Facility (as defined in Note 11); the remaining will be paid during 2015. Goodwill represents the excess purchase price above the fair market value of the net assets acquired.

6. Property, Plant and Equipment, Net (continued)

During the fourth quarter of 2013, we completed the acquisition of a banana plantation in the Philippines for a purchase price of $5.3 million. There was no goodwill resulting from this business combination.

The acquisitions of the pineapple farms in Costa Rica and the banana farm in the Philippines were accounted for under the acquisition method as described in the ASC on "Business Combinations".

See Note 7 , "Goodwill and Other Intangible Assets" and Note 11, "Long-Term Debt and Capital Lease Obligations" for further information.