Property, Plant and Equipment

9 Months Ended

Oct. 01, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Text Block]

4. Property, Plant and Equipment 

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

	October 1, 2011			January 1, 2011
Land and land improvements	$	20,630		$	16,023
Buildings and building improvements		116,645			105,757
Machinery and equipment		622,606			608,601
Furniture and fixtures		11,757			11,823
Construction in progress		6,086			7,799
		777,724			750,003
Accumulated depreciation		(430,875	)		(402,082	)
	$	346,849		$	347,921

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 condensed consolidated balance sheet and has presented it at its fair value less estimated cost to sell, which is approximately $0.9 million.

In the nine months ended October 1, 2011, the Company sold four manufacturing facilities, of which two related to its envelopes, forms 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 $1.0 million. These assets were previously classified as available for sale and were recorded at their fair value less estimated cost to sell.