Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

4. Property, Plant and Equipment, Net

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

	At September 30,						At December 31,
(in thousands)	2013			2012			2012
Land	$	29,283		$	32,282		$	32,068
Buildings and site improvements	177,484			170,761			174,187
Leasehold improvements	5,068			5,047			4,747
Machinery, equipment, and software	221,459			212,918			214,222
	433,294			421,008			425,224
Less accumulated depreciation and amortization	(232,958		)	(215,562		)	(217,868		)
	200,336			205,446			207,356
Capital projects in progress	9,305			5,686			6,096
	$	209,641		$	211,132		$	213,452

In July 2013, the vacant facility in Hungen, Germany, was sold for its approximate carrying cost. In the first quarter of 2013, the Company concluded that the carrying value of its Ireland facility, associated with the Europe segment, exceeded its net estimated realizable value, and therefore recorded an impairment charge, within general and administrative expenses, of $1.0 million, equal to the amount by which carrying value exceeded net estimated realizable value. In September 2013, the facility in Ireland was sold at an additional loss of $0.7 million. See note 10.

In the third quarter of 2013, the Company determined that $1.6 million in development costs incurred during 2013 met the criteria for capitalization as internally developed, internal-use software, resulting in an immaterial adjustment in each of the first and second quarters of 2013. The Company will depreciate the capitalized software costs over three years.