Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

	End of Fiscal Year
	2023		2022
	(in thousands)
Land	$	15,810	$	16,307
Buildings and improvements	162,359		169,370
Equipment, furniture and fixtures(1)	533,418		511,916
Computer software	66,792		66,826
Construction-in-progress(2)	21,577		24,066
	799,956		788,485
Accumulated depreciation and amortization(3)	(508,816)		(490,509)
Property, plant and equipment, net	$	291,140	$	297,976

(1) Includes $11.9 million and $9.9 million of leased equipment for 2023 and 2022, respectively.

(2) Construction-in-progress costs are presented as a separate asset category. Amounts for 2022, that were previously allocated to each asset class, have been reclassified to conform to the current presentation.

(3) Includes $4.7 million and $4.1 million of accumulated amortization on leased equipment for 2023 and 2022, respectively.

Assets Disposed

On September 8, 2021, the Company announced a restructuring plan that involved the closure of its manufacturing facility in Thailand and committed to a plan to sell the Thailand facility in connection with this restructuring plan. See Note 16 entitled “Restructuring and Other” for additional information.

During the second quarter of 2023, the Company completed the sale of the Thailand facility for a selling price of $6.6 million and recognized a gain of $2.7 million, which is recorded in restructuring, asset impairment, other (gains) and charges in the consolidated statements of operations and is attributable to the EAAA reportable segment.

The Company determined that the Thailand facility sale did not meet the criteria for classification as discontinued operations.