Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Property, plant and equipment, net consist of the following (in thousands):


	June 30, 2020		December 31, 2019
Land and land improvements	$	16,520	$	17,701
Buildings and leasehold improvements	136,944		136,044
Furniture and equipment	264,601		258,933
Sub-total	418,065		412,678
Accumulated depreciation	(192,663)		(177,312)
Property, plant and equipment in service, net	$	225,402	$	235,366
Construction in progress	56,280		60,167
Property, plant and equipment, net	$	281,682	$	295,533

At June 30, 2020 and December 31, 2019, property, plant and equipment, net of $64.4 million and $72.5 million, respectively, was located outside the United States.

At June 30, 2020, the Company had $56.3 million of assets under construction which consisted primarily of manufacturing facility expansion and improvement projects. Depreciation will begin on these assets once they are placed into service. The Company assesses its long-lived assets, consisting primarily of property and equipment, for impairment when material events and changes in circumstances indicate that the carrying value may not be recoverable.

During the six month periods ended June 30, 2020 and 2019, the Company recorded $13.6 million and $9.0 million, respectively, in impairment related to the Company's exit of Akorn India Private Limited (AIPL) – See Note 1 – Business and Basis of Presentation. As of June 30, 2020, the remaining net book value of AIPL was $9.5 million, of which $5.9 million is related to property, plant and equipment, net.

The Company recorded depreciation expense of $7.5 million and $7.4 million during the three month periods ended June 30, 2020 and 2019, respectively, and $15.2 million and $15.1 million during the six month periods ended June 30, 2020 and 2019, respectively.