PROPERTY, PLANT AND EQUIPMENT
 3 Months Ended
Mar. 31, 2015
PROPERTY, PLANT AND EQUIPMENT  
PROPERTY, PLANT AND EQUIPMENT

7. PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consisted of the following:

 

 

 

 

 

 

 

 

 

 

    

March 31,

    

December 31,

(In thousands)

 

2015

 

2014

Land

 

$
8,163 

 

$
8,163 

Building and improvements

 

 
149,479 

 

 
149,158 

Furniture, fixture and equipment

 

 
230,044 

 

 
225,834 

Leasehold improvements

 

 
12,971 

 

 
12,971 

Construction in progress

 

 
45,476 

 

 
39,774 

Subtotal

 

 
446,133 

 

 
435,900 

Less: accumulated depreciation

 

 
(177,373)

 

 
(170,160)

Total property, plant and equipment, net

 

$
268,760 

 

$
265,740 

 

In April 2014, the Company sold certain of its land, buildings and equipment at its Athlone, Ireland facility that had a carrying value of $2.2 million in exchange for $17.5 million. $3.0 million of the sale proceeds will remain in escrow pending the completion of certain additional services the Company is obligated to perform, and will be recognized as “Gain on sale of property, plant and equipment” as the services are provided.