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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property, Plant and Equipment
Property, plant and equipment consists of the following:
 
 
 December 31,
 
 Estimated
 
2017
 
2016
 
 Useful Lives
Land and improvements
$
73,419

 
$
71,002

 
 10 to 25 years
Buildings and improvements
305,231

 
265,824

 
 10 to 40 years
Machinery and equipment
1,022,279

 
864,337

 
 5 to 10 years
Construction in progress
198,358

 
153,924

 
 
 
$
1,599,287

 
$
1,355,087

 
 
Accumulated depreciation
(647,109
)
 
(522,818
)
 
 
Property, plant and equipment, net
$
952,178

 
$
832,269

 
 

    
Due to the deterioration of financial results and equipment no longer being utilized at certain locations, the Company impaired property, plant and equipment of $10,493, $1,273, and $13,630, for the years ended December 31, 2017, 2016 and 2015, respectively. Fair value of buildings and machinery and equipment was determined using market value and estimated salvage value, respectively, which was deemed the highest and best use of the assets. Further, due to the Company’s decision to divest two of its inactive European sites, the Company recorded impairment charges of $4,270 for the year ended December 31, 2017. Fair value was determined based on current real estate market conditions. A summary of these asset impairment charges is as follows:
 
Year Ended December 31,
 
2017
 
2016
 
2015
North America
$
1,895

 
$

 
$

Europe
6,327

 

 
2,285

Asia Pacific
6,541

 
1,273

 

South America

 

 
11,345

Total
$
14,763

 
$
1,273

 
$
13,630