Property, Plant and Equipment, Net



		December 31,
	Depreciable Life	2015			2014⁽¹⁾
	(In years)	(In thousands)
Land	n/a	$	44,746		$	52,539
Buildings and improvements	5-40	327,122			363,716
Machinery and equipment	3-15	546,052			524,723
Software	3-5	95,556			98,069
		1,013,476			1,039,047
Accumulated depreciation		(368,940		)	(311,612		)
Property, plant and equipment, net		$	644,536		$	727,435

⁽¹⁾During the year ended December 31, 2015, the Company retrospectively adjusted provisional amounts with respect to an acquisition completed during the three months ended June 27, 2014 to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. See Note 4, “Acquisitions” for further discussion regarding these adjustments.

Depreciation expense, including the amortization of assets recorded under capital leases, for the years ended December 31, 2015, 2014 and 2013, was $90.7 million, $94.5 million and $78.1 million, respectively. Depreciation expense for the years ended December 31, 2015, 2014, and 2013 includes $9.3 million, $4.6 million and $1.9 million of non-cash impairment of fixed assets, respectively. These amounts also include depreciation expense related to software for the years ended December 31, 2015, 2014 and 2013 of $14.3 million, $15.7 million and $11.8 million, respectively.