Property, Plant and Equipment

3 Months Ended

Mar. 29, 2014

Property, Plant and Equipment [Abstract]

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



	March 29, 2014			December 28, 2013
Land and land improvements	$	14,507		$	14,507
Buildings and building improvements	96,462			97,674
Machinery and equipment	636,912			635,638
Furniture and fixtures	11,340			11,049
Construction in progress	16,460			11,828
	775,681			770,696
Accumulated depreciation	(475,766		)	(465,789		)
	$	299,915		$	304,907

Sale Leaseback Transaction

During the first quarter of 2013, the Company sold one manufacturing facility related to its label and packaging segment, which had a net book value of $3.7 million for net proceeds of $6.3 million, and entered into a seven-year operating lease for the same facility. In connection with the sale, the Company recorded a deferred gain of $2.6 million, which will be amortized on a straight-line basis over the term of the lease as a reduction to rent expense in cost of sales in the Company's statement of operations.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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