Property And Equipment

9 Months Ended

Sep. 30, 2015

Property, Plant and Equipment [Abstract]

Property And Equipment

Property and Equipment

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

	September 30, 2015			December 31, 2014
Machinery and equipment	$	306,859		$	318,286
Land, buildings and improvements	75,966			81,219
Furniture and fixtures	10,678			11,738
Leasehold improvements	12,125			14,517
	405,628			425,760
Less allowance for depreciation	(319,295		)	(346,101		)
	$	86,333		$	79,659

On April 23, 2015, the Company entered into a real estate sale-leaseback transaction which resulted in Land, buildings and improvements being decreased by $15,843,000 for assets sold, net of allowance for depreciation, and increased by $32,339,000 as a result of recording capitalized lease assets. As of September 30, 2015, accumulated depreciation related to the capitalized leases totaled $674,000. On July 2, 2015, the Company completed the sale of its rentals businesses which decreased net property, plant and equipment by $4,126,000.