Property and Equipment

6 Months Ended

Jun. 30, 2015

Property and Equipment [Abstract]

Property and Equipment

Note 5.  Property and Equipment

Property and equipment is stated at cost, less accumulated depreciation of $215,961 and $222,001 as of June 30, 2015 and December 31, 2014, respectively.

During the second quarter of 2015, the Company closed its Astec Underground facility in Loudon Tennessee and relocated (or disposed of) the majority of its non-real estate fixed assets to other Company facilities.  The Loudon facility is currently being marketed for sale at prices well above its carrying value and the assets have been reclassified as held for sale at June 30, 2015.  The book value of these assets totaling $9,283 is included in other current assets in the accompanying condensed consolidated balance sheet as of June 30, 2015.  Costs totaling $634 and $1,500 were incurred in the three and six-month periods ended June 30, 2015, respectively, related to the closing of the Loudon facility and are included in cost of sales in the accompanying condensed consolidated statement of income.