Property, Plant & Equipment, Net

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property, plant & equipment, net, consisted of the following:



	December 31,
(in thousands)	2017			2016
Land	$	13,450		$	14,950
Buildings	76,059			70,628
Machinery, equipment and fixtures	71,870			65,407
Computer software	20,271			18,482
Construction in progress	7,622			7,224
	189,272			176,691
Less: accumulated depreciation and amortization	(96,273		)	(82,504		)
Total property, plant & equipment, net	$	92,999		$	94,187

Depreciation and amortization expense related to property, plant & equipment, net, was $14.8 million, $12.1 million and $12.9 million for the years ended December 31, 2017, 2016 and 2015, respectively.

Long-Lived Assets Held for Sale

During the fourth quarter of 2017, the Company committed to a plan to sell a portion of its land in the U.S. segment. This event qualified for held for sale accounting and the land was written down to its fair value, less estimated costs to sell, which is classified in other current assets in the accompanying consolidated balance sheet. This resulted in a loss of $0.9 million, which is included within general and administrative expenses in the accompanying consolidated statement of operations. The fair value was estimated utilizing Level 3 inputs and using a market approach, based on available data for transactions in the region, discussions with real estate brokers and the asking price of comparable properties in its principal market. In February 2018, the Company sold the land for net proceeds of $1.0 million.