Property, Plant and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

PROPERTY, PLANT AND EQUIPMENT

December 31,	2015			2014
(Dollars in thousands)
Land and buildings	$	73,803		$	91,209
Machinery and equipment	486,612			447,880
Leasehold improvements and others	4,204			6,865
Construction in progress	20,455			59,600
	585,074			605,554
Accumulated depreciation	(350,428		)	(350,519		)
Property, plant and equipment, net	$	234,646		$	255,035

Construction in progress includes approximately $5.5 million and $47.8 million of costs related to our new wheel plant in Mexico at December 31, 2015 and 2014, respectively. Depreciation expense was $34.5 million, $35.6 million and $28.5 million for the years ended December 31, 2015, 2014 and 2013, respectively.  In 2014, depreciation expense includes $6.5 million of accelerated depreciation charges as a result of shortened estimated useful lives due to restructuring activities described in Note 2 - Restructuring.