Property, Plant and Equipment and Assets Held for Sale

12 Months Ended

Aug. 29, 2015

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment and Assets Held for Sale

Property, plant and equipment is stated at cost, net of accumulated depreciation and consists of the following:



(In thousands)	August 29, 2015			August 30, 2014
Land	$	1,874		$	738
Buildings and building improvements	53,388			47,273
Machinery and equipment	94,034			90,101
Software	8,033			4,356
Transportation	8,913			9,098
Total property, plant and equipment, gross	166,242			151,566
Less accumulated depreciation	(128,992		)	(126,431		)
Total property, plant and equipment, net	$	37,250		$	25,135

In Fiscal 2014, a lessee exercised an option to purchase warehouse facilities that they had leased from us since 1980. Net proceeds from the sale were $2.3 million, resulting in a gain of $629,000.

On April 17, 2015 we purchased the Towables assembly facilities in Middlebury, Indiana for $5.4 million and on May 5, 2015 we purchased a facility in Waverly, Iowa for $850,000 for expansion of our subassembly operations.

Assets Held for Sale

In the third quarter of Fiscal 2015 we placed our corporate plane for sale, recorded an impairment of $462,000 and reclassified the net book value to current other assets in the consolidated balance sheets. In the fourth quarter of Fiscal 2015 we took our plane off the market and reclassified the net book value to property, plant and equipment in the consolidated balance sheets.

At August 30, 2014 and August 29, 2015, we had no assets held for sale.