FIXED ASSETS

Fixed assets consist of the following:



	December 31, 2012			December 31, 2011
	(in thousands)
Land	$	14,489		$	14,970
Buildings and improvements	510,468			533,205
Machinery and equipment	966,756			965,451
Furniture and fixtures	21,636			17,906
Construction-in-progress	2,743			620
	$	1,516,092		$	1,532,152
Less: Accumulated depreciation and amortization	(1,295,048		)	(1,275,082		)
	$	221,044		$	257,070

On August 30, 2011, the Company completed the sale of its former San Jose corporate headquarters and adjacent parcels of land. See Notes 11 and 15 for further discussion.

Depreciation expense on fixed assets for the years ended December 31, 2012, 2011 and 2010 was $67.6 million, $68.9 million and $56.8 million, respectively. Fixed assets acquired under capital leases were not material at December 31, 2012, 2011 and 2010.

The Company assesses the recoverability of long-lived assets with finite useful lives annually or whenever events or changes in circumstances indicate that the Company may not be able to recover the asset’s carrying amount. The Company measures the amount of impairment of such long-lived assets by the amount by which the carrying value of the asset exceeds the fair market value of the asset, which is generally determined based on projected discounted future cash flows or appraised values. For the year ended December 31, 2010, the Company recorded impairment charges of $11.9 million related to the sale of its Rousset, France manufacturing operation (see Note 15 for further discussion).