Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

Property, plant and equipment, net, at the dates indicated consisted of the following: 

	At September 30,						At December 31,
(in thousands)	2018			2017			2017
Land	$	30,173		$	33,030		$	33,087
Buildings and site improvements	203,323			201,877			212,817
Leasehold improvements	4,694			5,911			4,684
Machinery, equipment, and software	323,091			289,970			300,334
	561,281			530,788			550,922
Less accumulated depreciation and amortization	(316,768		)	(297,321		)	(299,907		)
	244,513			233,467			251,015
Capital projects in progress	13,166			31,711			22,005
	$	257,679		$	265,178		$	273,020

Assets held-for sale

During the nine months ended September 30, 2018, the Company decided to sell its two properties located in Edenton, North Carolina, and Vacaville, California, respectively. The Company determined that these long-lived assets meet the criteria to be classified as held for sale in its financial statements in accordance with ASC 360-10, and reported the total assets' carrying value of approximately $9.3 million in the Company's consolidated balance sheets

In September 2018, the Company contracted to sell its Vacaville, California facility with a cost basis of $8.6 million, which is expected to close in November 2018 for estimated proceeds of approximately $18.0 million, after closing costs and sales price adjustments.