Property, Plant and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Text Block]

Property, Plant and Equipment

Property, plant and equipment are as follows (in thousands):

	2011			2010
Land and land improvements	$	20,276		$	15,650
Buildings and improvements	111,498			100,465
Machinery and equipment	600,066			580,942
Furniture and fixtures	10,453			10,516
Construction in progress	4,840			7,365
	747,133			714,938
Accumulated depreciation	(418,566		)	(378,942		)
	$	328,567		$	335,996

Assets Held for Sale

In connection with the Company's cost savings, restructuring and integration plans, there is currently one owned property that is available for sale, which relates to the Company's commercial printing segment. The Company has recorded this asset as available for sale in other assets, net on its consolidated balance sheet and has presented it at its fair value less estimated cost to sell of $0.9 million, which approximates its carrying value. The fair value is based on available market comparables.

Asset Sales

In 2011, the Company sold four manufacturing facilities, of which two related to its envelopes and labels segment and two related to its commercial printing segment, for net proceeds of $9.6 million. The Company also sold certain manufacturing assets for net proceeds of $1.5 million. These assets were previously classified as available for sale and were recorded at their fair value less estimated cost to sell.

Sale Leaseback Transaction

In 2009, the Company sold one of its envelope facilities, which had a net book value of $2.9 million for net proceeds of $3.7 million and entered into a two-year operating lease for the same facility. In connection with the sale, the Company recorded a deferred gain of $0.8 million, which was amortized on a straight-line basis over the term of the lease as a reduction to rent expense in cost of sales.