Property, Plant & Equipment, Net

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property, Plant & Equipment, Net

Property, Plant and Equipment, Net

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

	December 31,
(in thousands)	2018			2017
Land	$	13,450		$	13,450
Buildings	64,444			76,059
Machinery, equipment and fixtures	69,298			71,870
Computer software	19,266			20,271
Construction in progress	24,169			7,622
	190,627			189,272
Less: accumulated depreciation and amortization	(82,739		)	(96,273		)
Total property, plant and equipment, net	$	107,888		$	92,999

Depreciation and amortization expense related to property, plant & equipment, net, was $10.1 million, $14.8 million and $12.1 million for the years ended December 31, 2018, 2017 and 2016, 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. 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. During the first quarter of 2018, the Company completed the sale of the land for proceeds of $1.0 million.