PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2014

6. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

	June 30,			December 31,
(In thousands)	2014			2013
Land	$	8,163		$	8,440
Building and improvements	148,298			148,044
Furniture, fixture and equipment	225,166			220,984
Leasehold improvements	24,000			23,980
Construction in progress	31,699			26,688
Subtotal	437,326			428,136
Less: accumulated depreciation	(173,079		)	(153,646		)
Total property, plant and equipment, net	$	264,247		$	274,490

During the three months ended June 30, 2014, the Company sold certain of its land, buildings and equipment at its Athlone, Ireland facility that had a carrying value of $2.2 million in exchange for $17.5 million. $3.0 million of the sale proceeds will remain in escrow pending the completion of certain additional services the Company is obligated to perform, and will be recognized as “Gain on sale of property, plant and equipment” as the services are provided.

- 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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