Assets Held for Sale Assets Held for Sale

3 Months Ended

Mar. 31, 2017

Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]

Assets Held for Sale

Note 5. Assets Held for Sale

In January 2017, the Company formally approved a plan to sell land and buildings located in Miami, Florida. The decision to sell these assets was largely based upon changes in local operational requirements and the Company's intended use of the property. The net book value of the property assets is $80 million, and is reported within the United States segment. In May 2017, the Company entered into an agreement for the sale. The Company expects the sale to close in the second or third quarter of 2017 at a selling price which, after selling costs, will exceed the net book value. As of March 31, 2017, these assets are being reported as held for sale and are classified in other current assets.