Property, Plant & Equipment, Net

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

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



(in thousands)	September 30, 2018			December 31, 2017
Land	$	13,450		$	13,450
Buildings	63,647			76,059
Machinery, equipment and fixtures	68,966			71,870
Computer software	18,365			20,271
Construction in progress	15,285			7,622
	179,713			189,272
Less: accumulated depreciation and amortization	(80,306		)	(96,273		)
Total property, plant & equipment, net	$	99,407		$	92,999

Depreciation and amortization expense related to property, plant & equipment, net, was $2.5 million and $2.7 million for the three months ended September 30, 2018 and 2017, respectively, and $7.6 million and $11.7 million for the nine months ended September 30, 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 first quarter of 2018, the Company completed the sale of the land for proceeds of $1.0 million.