Property, Plant and Equipment

9 Months Ended

Sep. 30, 2018

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

3. Property, Plant and Equipment

Property, plant and equipment were comprised of the following:

	September 30, 2018			December 31, 2017
Land and land improvements	$	11,692		$	12,172
Buildings		66,998			68,572
Machinery and equipment		340,447			340,396
Construction-in-process		6,612			5,019
Other		7,330			7,193
		433,079			433,352
Accumulated depreciation and amortization		(231,409	)		(218,372	)
Property, plant and equipment, net	$	201,670		$	214,980

The majority of the assets of the Corporation, except real property, is pledged as collateral for the Corporation’s Revolving Credit and Security Agreement (Note 7). Land and buildings of Union Electric Steel UK Limited (“UES-UK”), equal to approximately $2,733 (£2,098) at September 30, 2018, are held as collateral by the trustees of the UES-UK defined benefit pension plan (Note 6). The gross value of assets under capital lease and the related accumulated amortization as of September 30, 2018, approximated $3,465 and $1,023, respectively, and at December 31, 2017, approximated $4,082 and $1,101, respectively.