Property, Plant and Equipment, Net

12 Months Ended

Jan. 01, 2016

Property, Plant and Equipment [Abstract]

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



	January 1, 2016			December 26, 2014
Land and land improvements	$	639.1		$	612.6
Buildings and leasehold improvements	498.4			469.7
Machinery and equipment	502.7			483.8
Maritime equipment (including containers)	179.3			177.2
Furniture, fixtures and office equipment	85.2			79.0
Automotive equipment	57.1			57.0
Construction-in-progress	66.0			67.8
	2,027.8			1,947.1
Less: accumulated depreciation and amortization	(812.4		)	(776.9		)
Property, plant and equipment, net	$	1,215.4		$	1,170.2

Depreciation and amortization expense on property, plant and equipment, including assets under capital leases, was $71.6 million for 2015, $72.5 million for 2014 and $68.7 million for 2013.

Shipping containers, machinery and equipment and automotive equipment under capital leases totaled $2.4 million at January 1, 2016 and $1.9 million at December 26, 2014. Accumulated amortization for assets under capital leases was $1.3 million at January 1, 2016 and $1.0 million at December 26, 2014.

The loss (gain) on sales of property, plant and equipment included a gain of $2.1 million for 2015, a loss of $4.3 million for 2014 and a loss of $4.9 million for 2013. In 2015, the gain of $2.1 million consisted primarily of the sale of two refrigerated vessels. In 2014 the loss of $4.3 million and in 2013 the loss of $4.9 million was 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. Goodwill represents the excess purchase price above the fair market value of the net assets acquired of $0.2 million, 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.

The acquisitions of the pineapple farms in Costa Rica 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.