Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2011

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

4. Property, Plant and Equipment, Net

Property, plant and equipment, net, consist of the following:

	At June 30,						At December 31,
(in thousands)	2011			2010			2010
Land	$	29,459		$	23,182		$	26,384
Buildings and site improvements	155,251			139,304			141,834
Leasehold improvements	3,737			3,543			3,693
Machinery and equipment	190,202			182,317			186,021
	378,649			348,346			357,932
Less accumulated depreciation and amortization	(198,461		)	(184,638		)	(189,751		)
	180,188			163,708			168,181
Capital projects in progress	3,510			21,241			8,891
	$	183,698		$	184,949		$	177,072

The Company’s vacant facility in San Leandro, California, remained classified as an asset held for sale as of June 30, 2011, consistent with the classification at December 31, 2010. The Company concluded, in the quarter ended June 30, 2011, that the San Leandro facility, associated with the North American segment, is expected to be sold below carrying value, and therefore recorded an impairment charge, within general and administrative expense, of $1.1 million, equal to the amount by which carrying value exceeds net estimated realizable value. In April 2011, the facility in France, which was acquired in the Aginco purchase, was sold for an amount approximately equal to its carrying cost.