NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(7) Property, Plant, and Equipment, net

Property, plant, and equipment is stated at cost, net of accumulated depreciation, and consists of the following as of April 29, 2007 and April 30, 2006:

	2007				2006
	(Amounts in thousands)
Land	$	17,307		$	19,084
Buildings and improvements		304,761			320,412
Machinery and equipment		162,135			166,086
		484,203			505,582
Less accumulated depreciation		(291,974	)		(288,124	)
	$	192,229		$	217,458

Idle facilities include closed plants and certain other properties that are not in current use by Fleetwood. There were 21 idle plant facilities at the end of fiscal 2007 and 22 at the end of fiscal 2006. Of the current 21 idle facilities, five recreational vehicle facilities and one housing facility are designated as held for sale and have a net book value of $6.1 million. During fiscal 2007, five facilities were idled, one plant was closed and the related facility lease terminated, another facility was reactivated, and six idle facilities were sold.

The carrying value of idle facilities, including those designated as held for sale, was $35.2 million at April 29, 2007 and $21.3 million at April 30, 2006, net of accumulated depreciation of $46.2 million and $24.7 million, respectively. In the opinion of management, the carrying values of idle facilities are not in excess of their net realizable values.