Property, Plant and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

5. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following as of December 31 (in thousands):

	2015			2014
Building and improvements	$	47,209		$	50,394
Machinery and equipment		210,880			203,496
Furniture and fixtures		2,221			2,237
Forklifts and tractors		7,607			6,052
Computer equipment		9,575			8,120
Construction in process		11,032			6,707
Land		8,532			8,858
Total property, plant and equipment		297,056			285,864
Accumulated depreciation		(196,132	)		(187,148	)
Total property, plant and equipment, net	$	100,924		$	98,716

The Company had construction in process as of December 31, 2015 of approximately $11.0 million. The Company expects that the construction in process will be completed and put into service in the year ending December 31, 2016.

Depreciation expense for the years ended December 31, 2015, 2014, and 2013 totaled $14.3 million, $14.8 million and $15.9 million, respectively.

During December 2015, the Company reclassified all the long-lived assets located at the idle Olive Branch, Mississippi facility (Olive Branch assets) from property, plant and equipment, net, to assets held for sale. The transfer to a held for sale category was due to the signing of letters of intent to sell certain of the Olive Branch assets. Upon transfer during December 2015, the Company measured the Olive Branch assets at the lower of their carrying amount or fair value less cost to sell, and recognized a loss of $0.5 million, which is reported in “Selling, general and administrative expenses” in the Consolidated Statements of Comprehensive Income. At December 31, 2015, $6.2 million is reported in “Prepaid expenses and other assets” in the Consolidated Balance Sheet related to the Olive Branch assets. In January 2016, the Company sold a portion of the Olive Branch facility that contained the buildings and, as of the date of this report, continues to own approximately 62 acres of undeveloped land.