Property, Plant and Equipment

12 Months Ended

Jan. 02, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

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

	2015			2014
Land and land improvements	$	9,194		$	10,585
Buildings and building improvements	82,206			82,142
Machinery and equipment	525,914			516,443
Furniture and fixtures	8,696			8,570
Construction in progress	10,181			11,106
	636,191			628,846
Accumulated depreciation	(425,613		)	(401,023		)
	$	210,578		$	227,823

Sale-Leaseback Transaction

During the fourth quarter of 2015, the Company sold one manufacturing facility, which related to its print segment, and entered into a one-year operating lease for the same facility. At the time of the sale, the facility had a net book value of $3.4 million, and the Company received net proceeds of $7.1 million. In connection with the sale, the Company recorded a gain of $3.1 million in the consolidated statement of operations.

Proceeds From Long-Lived Assets

During the fourth quarter of 2014, the Company sold one manufacturing facility, which related to its envelope segment, for net proceeds of $1.0 million. During the third quarter of 2014, the Company sold one manufacturing facility, which related to its print segment, for net proceeds of $1.2 million. The sale of these facilities did not have a material impact on the consolidated statement of operations.

During the fourth quarter of 2013, the Company sold one office facility, which related to its envelope segment for net proceeds of $0.5 million. During the second quarter of 2013, the Company sold one manufacturing facility, which related to its envelope segment, for net proceeds of $1.7 million. The sale of these facilities did not have a material impact on the consolidated statement of operations.