XML 29 R14.htm IDEA: XBRL DOCUMENT v3.6.0.2
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
PROPERTY, PLANT AND EQUIPMENT
 
As of December 31,
(Dollars in thousands)
2016
 
2015
Land
$
15,855

 
$
16,726

Buildings and improvements
138,493

 
141,082

Machinery and equipment
220,238

 
191,459

Office equipment
54,013

 
42,696

 
428,599

 
391,963

Accumulated depreciation
(259,178
)
 
(237,150
)
Property, plant and equipment, net
169,421

 
154,813

Equipment in process
7,495

 
23,848

Total property, plant and equipment, net
$
176,916

 
$
178,661



In the fourth quarter of 2016, we signed an agreement to sell vacant land located in Evergem, Belgium for $1.6 million. The land has a book value of $0.9 million. We expect the transaction to close in the first quarter of 2017. The land is classified as held for sale in the consolidated statements of financial position as of December 31, 2016.
Depreciation expense was $26.6 million in 2016, $23.2 million in 2015, and $20.1 million in 2014.