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Property, Plant and Equipment | 6 Months Ended
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Jun. 30, 2016
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | 4. PROPERTY, PLANT AND EQUIPMENT ﻿ Property, plant, and equipment at June 30, 2016 and December 31, 2015 consist of the following: ﻿ ﻿
﻿ |  |  |  |
﻿ |  |  |  |
﻿ |  | June 30, |  | December 31,
﻿ |  | 2016 |  | 2015
﻿Land | $ | 14,592 | $ | 17,054
﻿Improvements to land and leaseholds |  | 16,598 |  | 16,590
﻿Buildings |  | 33,252 |  | 39,366
﻿Machinery and equipment, including equipment under capitalized leases |  | 116,470 |  | 118,677
﻿Construction in progress |  | 4,917 |  | 11,844
﻿ |  | 185,829 |  | 203,531
﻿ |  |  |  |
﻿Less accumulated depreciation and amortization, including accumulated amortization of capitalized leases |  | 77,204 |  | 76,786
﻿ | $ | 108,625 | $ | 126,745
﻿ We review our property, plant, and equipment for recoverability whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. We recognize an impairment loss if the carrying amount of a long-lived asset is not recoverable and exceeds its fair value. Due to the deterioration in projected results from the IOS subsidiary within the Tubular and Energy Services segment, the undiscounted cash flows were unable to support the carrying value of the asset group. The Company utilized level 3 unobservable inputs, specifically, the discounted cash flow method, to determine the expected net cash flows generated by the continued use of the assets. As a result of the testing, the Company recorded a non-cash impairment of $14,956 during the period ended June 30, 2016. The impairment is included within “A sset impairments” caption of the Condensed Consolidated Statements of Operations. The results of the impairment analysis are substantially complete and will be finalized during the third quarter 2016.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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