Property, Plant and Equipment

6 Months Ended

Jun. 30, 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):



	June 30, 2012			December 31, 2011
Land and land improvements	$	19,064		$	20,276
Buildings and building improvements	108,336			111,498
Machinery and equipment	589,862			600,066
Furniture and fixtures	11,143			10,453
Construction in progress	8,694			4,840
	737,099			747,133
Accumulated depreciation	(432,970		)	(418,566		)
	$	304,129		$	328,567

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 print and envelope segment. The Company has recorded the related 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 $0.9 million and approximates fair value.

In the first six months of 2012, the Company sold one manufacturing facility, which related to its print and envelope segment and was classified as available for sale, for net proceeds of $1.4 million. These assets were recorded at their fair value less estimated cost to sell in the first quarter of 2012.

In the first six months of 2011, the Company sold four manufacturing facilities, two of which related to its label and packaging segment and two of which related to its print and envelope segment, all of which were classified as available for sale, for net proceeds of $9.6 million and it also sold certain manufacturing assets for net proceeds of $1.0 million. These assets were recorded at their fair value less estimated cost to sell in the fourth quarter of 2010.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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