Property, Plant and Equipment and Asset Held for Sale

12 Months Ended

Dec. 28, 2013

Property Plant And Equipment [Abstract]

Property, Plant and Equipment and Asset Held for Sale

4. Property, Plant and Equipment and Asset Held for Sale

The following table presents the composition of property, plant and equipment as of:


	December 28, 2013			December 29, 2012
	(in thousands)
Land	$	5,641		$	3,802
Buildings and improvements		36,686			36,572
Machinery and equipment		45,058			44,337
Vehicles		6,453			6,006
Software		13,730			12,965
Construction in progress		3,552			1,087

		111,120			104,769
Less accumulated depreciation		(66,997	)		(63,549	)

	$	44,123		$	41,220

In the second quarter of 2012, we entered into an agreement to list the Salisbury, North Carolina facility for sale with an agent, at which time the asset was moved to assets held for sale in the accompanying consolidated balance sheets. During the fourth quarter we accepted an offer to sell the property and the sale closed in the first quarter of 2013. The purchase price less closing costs is in excess of the current carrying costs. The facility’s carrying value was $5.3 million as of December 29, 2012. On January 23, 2013, the sale closed for approximately $8.0 million in cash (approximately $7.5 million net of selling costs), and as such we recognized a gain of $2.2 million related to the sale in 2013.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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