Property, Plant and Equipment, Net

12 Months Ended

Nov. 30, 2018

Property, Plant and Equipment [Abstract]

The following table summarizes the Company's property, plant, and equipment, net:



	November 30,
	2019			2018
	(Dollars in millions)
Land	$	21.9		$	23.3
Building and improvements	134.7			145.8
Machinery and equipment	407.2			413.6
Construction in progress	20.5			19.1
	584.3			601.8
Accumulated depreciation	(375.3		)	(396.0		)
Property, Plant, and Equipment, Net	$	209.0		$	205.8

As of November 30, 2019, included in land and buildings and improvements are $3.0 million and $10.8 million (net of accumulated depreciation of $3.0 million), respectively, of assets under capital leases.

Depreciation expense was $26.9 million, $26.4 million, and $24.4 million in 2019, 2018, and 2017, respectively. Included in depreciation expense is $21.4 million, $20.8 million, and $19.2 million in 2019, 2018, and 2017, respectively, related to depreciation of manufacturing facilities and equipment.

As of November 30, 2019 and 2018, the Company had $4.3 million of unamortized software costs included in machinery and equipment, primarily related to an Enterprise Resource Planning (ERP) system. Depreciation expense of software costs was $2.5 million, $2.3 million, and $2.0 million in 2019, 2018, and 2017, respectively. The Company is depreciating these costs over five years.

Accelerated depreciation included in depreciation expense was $1.1 million, $1.2 million in fiscal 2019 and 2018, respectively and there was no accelerated depreciation in fiscal 2017. Accelerated depreciation relates to the Company's restructuring activities discussed in Note C of this annual report on Form 10-K.