PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Sep. 30, 2015

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

7. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

	September 30,		December 31,
(In thousands)	2015		2014
Land	$	5,866	$	8,163
Building and improvements		133,304		149,158
Furniture, fixture and equipment		194,523		225,834
Leasehold improvements		16,018		12,971
Construction in progress		60,271		39,774
Subtotal		409,982		435,900
Less: accumulated depreciation		(167,307)		(170,160)
Total property, plant and equipment, net	$	242,675	$	265,740

In April 2015, as part of the Gainesville Transaction, the Company sold certain of its land, buildings, equipment and construction in progress that had a carrying value of $38.3 million. 

In April 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” in the statements of operations and comprehensive loss as the services are provided.