Property, Plant & Equipment, Net

3 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

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



(in thousands)	March 31, 2018			December 31, 2017
Land	$	13,450		$	13,450
Buildings	63,689			76,059
Machinery, equipment and fixtures	69,330			71,870
Computer software	20,280			20,271
Construction in progress	9,816			7,622
	176,565			189,272
Less: accumulated depreciation and amortization	(82,788		)	(96,273		)
Total property, plant & equipment, net	$	93,777		$	92,999

Depreciation and amortization expense related to property, plant & equipment, net, was $2.6 million and $5.1 million for the three months ended March 31, 2018 and 2017, 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 at December 31, 2017. During the three months ended March 31, 2018, the Company completed the sale of the land for proceeds of $1.0 million.