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Assets Held for Sale
6 Months Ended
Jun. 30, 2017
Assets Held-for-sale, Not Part of Disposal Group [Abstract]  
Assets Held for Sale
Assets Held for Sale
In the first quarter of 2017, we completed the planned sale of a parcel of land in Belgium that had been classified as held for sale as of December 31, 2016. We recognized a gain on sale of approximately $0.9 million during that quarter in operating income. Also in the first quarter of 2017, we began actively marketing for sale a facility in Belgium with a net book value of $1.8 million. The asset is classified as held for sale as of June 30, 2017 and is no longer being depreciated. We have an agreement to sell this property and expect to close on the sale in the second half of 2017.
In the second quarter of 2017, we began actively marketing for sale unutilized property in the U.S. consisting of a building and an adjacent parcel of land with a net book value of $0.9 million. The asset is classified as held for sale as of June 30, 2017 and is no longer being depreciated.
As both the Belgian and U.S. facilities held for sale are expected to be sold within the next twelve months, they have been classified as current.