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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2024
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,
| 2024 |  | 2023
| (In thousands)
Land and land improvements | $ | 24,841 |  |  | $ | 27,627 |
Buildings and leasehold improvements | 125,292 |  |  | 108,960 |
Machinery and equipment | 687,430 |  |  | 666,527 |
Computer equipment and software | 145,281 |  |  | 132,668 |
Construction in process | 174,811 |  |  | 157,056 |
Gross property, plant and equipment | 1,157,655 |  |  | 1,092,838 |
Accumulated depreciation | (662,030) |  |  | (641,769) |
Net property, plant and equipment | $ | 495,625 |  |  | $ | 451,069 |
Depreciation Expense We recognized depreciation expense in income from continuing operations of $56.4 million, $51.4 million, and $46.7 million in 2024, 2023, and 2022, respectively. Gain on Sale of Assets 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 Automation Solutions segment. Sale-Leasebacks During 2023, we sold certain real estate in Canada as part of a sale and leaseback transaction for CAD$18.6 million (approximately $13.8 million), net of transaction costs and recognized a $12.1 million pre-tax gain on sale. This gain on sale was excluded from Segment EBITDA of our Automation Solutions segment. The lease is for a term of 10 years and as of December 31, 2024, had a total right-of-use asset balance of $8.6 million.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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