Property, Plant and Equipment

3 Months Ended

Mar. 31, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Text Block]

Property, Plant and Equipment

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

	March 31, 2012			December 31, 2011
Land and land improvements	$	19,091		$	20,276
Buildings and building improvements	108,180			111,498
Machinery and equipment	589,192			600,066
Furniture and fixtures	11,183			10,453
Construction in progress	8,485			4,840
	736,131			747,133
Accumulated depreciation	(423,130		)	(418,566		)
	$	313,001		$	328,567

Assets Held for Sale

In connection with the Company’s cost savings, restructuring and integration plans, there are currently two owned properties and certain manufacturing assets that are available for sale, which relate to the Company’s print and envelope segment. The Company has recorded these assets as available for sale in other assets, net on its condensed consolidated balance sheet and has presented them at their fair value less estimated cost to sell, which is approximately $3.0 million and approximates fair value.

In the first quarter of 2011, the Company sold a manufacturing facility relating to its label and packaging segment, which was classified as available for sale for net proceeds of $1.7 million and it also sold certain manufacturing assets for net proceeds of $1.0 million. These assets were classified as available for sale and were recorded at their fair value less estimated cost to sell in the fourth quarter of 2010.