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PROPERTY, PLANT AND EQUIPMENT | 9 Months Ended
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Sep. 29, 2019
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT | PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment (“PP&E”), net consisted of the following:
| September 29, 2019 |  | December 30, 2018
| (In thousands)
Land | $ | 195,746 |  |  | $ | 196,769 |
Buildings | 1,714,404 |  |  | 1,697,703 |
Machinery and equipment | 2,660,556 |  |  | 2,618,213 |
Autos and trucks | 62,596 |  |  | 59,195 |
Finance leases | 1,435 |  |  | — |
Construction-in-progress | 324,434 |  |  | 269,166 |
PP&E, gross | 4,959,171 |  |  | 4,841,046 |
Accumulated depreciation and amortization | (2,748,047 | ) |  | (2,679,344 | )
PP&E, net | $ | 2,211,124 |  |  | $ | 2,161,702 |
The Company recognized tangible asset depreciation expense of $66.2 million and $64.4 million during the thirteen weeks ended September 29, 2019 and September 30, 2018, respectively. The Company recognized tangible asset depreciation expense of $193.4 million and $187.0 million during the thirty-nine weeks ended September 29, 2019 and September 30, 2018, respectively. During the thirty-nine weeks ended September 29, 2019, Pilgrim's spent $258.7 million on capital projects and transferred $189.9 million of completed projects from construction-in-progress to depreciable assets. Capital expenditures were primarily incurred during the thirty-nine weeks ended September 29, 2019 to improve efficiencies and reduce costs. During the thirty-nine weeks ended September 30, 2018, the Company spent $231.9 million on capital projects and transferred $149.5 million of completed projects from construction-in-progress to depreciable assets. During the thirteen and thirty-nine weeks ended September 29, 2019, the Company sold certain PP&E for $13.4 million and $15.2 million, respectively, and recognized net gains on these sales of $9.8 million and $9.5 million, respectively. PP&E sold in the thirty-nine weeks ended September 29, 2019 included broiler farms in Mexico, a breeder farm in Texas, vacant land in Minnesota and miscellaneous equipment. During the thirteen and thirty-nine weeks ended September 30, 2018, the Company sold certain PP&E for $1.5 million and $2.7 million, respectively, and recognized net gains on these sales of $0.7 million and $0.5 million, respectively. PP&E sold in the thirty-nine weeks ended September 30, 2018 included a processing plant in Alabama and miscellaneous equipment. The Company has closed or idled various facilities in the U.S. and in the U.K. The Board of Directors has not determined if it would be in the best interest of the Company to divest any of these idled assets. Management is therefore not certain that it can or will divest any of these assets within one year, is not actively marketing these assets and, accordingly, has not classified them as assets held for sale. The Company continues to depreciate these assets. At September 29, 2019, the carrying amounts of these idled assets totaled $40.5 million based on depreciable value of $137.7 million and accumulated depreciation of $97.2 million. At September 29, 2019, the Company assessed if events or changes in circumstances indicated that the aggregate carrying amount of its property, plant and equipment held for use might not be recoverable. There were no indicators present that required the Company to test the recoverability of the aggregate carrying amount of its property, plant and equipment held for use at that date.

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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