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Property, Plant and Equipment, Net
9 Months Ended
Sep. 30, 2011
Property, Plant and Equipment, Net 
Property, Plant and Equipment, Net

4.             Property, Plant and Equipment, Net

 

Property, plant and equipment, net, consist of the following:

 

 

 

At September 30,

 

At December 31,

 

(in thousands)

 

2011

 

2010

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

$

28,889

 

$

26,589

 

$

26,384

 

Buildings and site improvements

 

152,167

 

144,861

 

141,834

 

Leasehold improvements

 

3,736

 

3,551

 

3,693

 

Machinery and equipment

 

203,687

 

184,694

 

186,021

 

 

 

388,479

 

359,695

 

357,932

 

Less accumulated depreciation and amortization

 

(199,614

)

(186,996

)

(189,751

)

 

 

188,865

 

172,699

 

168,181

 

Capital projects in progress

 

2,151

 

3,765

 

8,891

 

 

 

$

191,016

 

$

176,464

 

$

177,072

 

 

The Company’s vacant facility in San Leandro, California, remained classified as an asset held for sale as of September 30, 2011, consistent with the classification at December 31, 2010. The Company concluded, in the quarter ended June 30, 2011, that the San Leandro facility, associated with the North American segment, is expected to be sold below carrying value, and therefore recorded an impairment charge, within general and administrative expense, of $1.1 million, equal to the amount by which carrying value exceeds net estimated realizable value. In April 2011, the facility in France, which was acquired in the Agence Internationale Commerciale et Industrielle, S.A.S. (“Aginco”) purchase, was sold for an amount approximately equal to its carrying cost.