Property, Plant and Equipment

6 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment at June 30, 2018 and December 31, 2017 consisted of the following:

	June 30, 2018		December 31, 2017
Land	$	12,539	$	14,869
Improvements to land and leaseholds	17,482		17,415
Buildings	34,752		34,929
Machinery and equipment, including equipment under capitalized leases	120,776		120,806
Construction in progress	2,031		1,057
	187,580		189,076
Less: accumulated depreciation and amortization, including accumulated amortization of capitalized leases	(98,113)		(92,980)
	$	89,467	$	96,096

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. There were no asset impairments of property, plant, and equipment during the six months ended June 30, 2018.

During the three months ended June 30, 2018, the Company sold 54.5 acres of land in exchange for cash proceeds of $2,047, resulting in a loss of $269. Depreciation expense for the three months ended June 30, 2018 and 2017 was $2,938 and $3,245, respectively. Depreciation expense for the six months ended June 30, 2018 and 2017 was $5,882 and $6,527, respectively.