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Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
The carrying values of property, plant and equipment were as follows: 
 December 31,
 20222021
 (In thousands)
Land and land improvements$25,547 $27,579 
Buildings and leasehold improvements102,451 109,578 
Machinery and equipment631,680 620,646 
Computer equipment and software127,434 128,153 
Construction in process106,361 65,319 
Gross property, plant and equipment993,473 951,275 
Accumulated depreciation(611,609)(607,711)
Net property, plant and equipment$381,864 $343,564 
Depreciation Expense
We recognized depreciation expense in income from continuing operations of $46.7 million, $43.9 million, and $39.3 million in 2022, 2021, and 2020, respectively.
Gain on Sale of Asset
During 2022, we sold certain real estate in the United States for $42.2 million, net of transaction costs and recognized a $37.9 million pre-tax gain on sale. This gain on sale was excluded from Segment EBITDA of our Industrial Automation Solutions segment.
Sale-Leaseback
During 2021, we sold certain real estate in Germany as part of a sale and leaseback transaction for €24.5 million (approximately $27.8 million) and recognized a $0.6 million loss on the sale. The lease is for a term of 10 years and as of December 31, 2022 and 2021, had a total right-of-use asset balance of $21.7 million and $25.3 million, respectively. When the assets met the held for sale criteria during 2021, we performed a recoverability test and determined that the carrying values of the assets were not recoverable and as a result, recognized a $2.3 million impairment charge to write them down to fair value. The impairment charge was excluded from Segment EBITDA of our Industrial Automation Solutions segment.
Asset Impairment
During 2021, we sold our oil and gas business in Brazil and recognized an impairment charge of $3.4 million (includes a goodwill impairment of $1.7 million and intangible asset impairment of $1.0 million). See Note 5.
During 2021, we also performed a recoverability test over certain held and used long-lived assets in our Industrial Automation Solutions segment. We determined that the carrying values of the assets were not recoverable and recognized a $3.6 million impairment charge to write them down to fair value. This impairment charge was excluded from Segment EBITDA of our Industrial Automation Solutions segment.