Fleetwood Enterprises Inc, Year 2000 Annual Report Notes to Consolidated Financial Statements

 

4. Property, Plant and Equipment

Property, plant and equipment is stated at cost and consists of the following:

(Amounts in thousands) 2000       1999
   
Land $ 27,297      $ 18,687 
Buildings and improvements 321,789        322,730 
Machinery and equipment 157,147        148,651 
Idle facilities, net of accumulated depreciation 30,068        23,529 
536,301        513,597 
Less accumulated depreciation (224,234)       (209,663)
$ 312,067      $ 303,934 

    Idle facilities included closed plants and certain other properties which are not in current use by the Company. There were nine idle plant facilities at the end of fiscal 2000 and seven idle plant facilities at the end of fiscal 1999. During fiscal 2000, one idle facility was activated, another idle facility was sold and four existing facilities were deactivated.
    The carrying value of idle facilities was $30,068,000 at April 30, 2000 and $23,529,000 at April 25, 1999, net of accumulated depreciation of $12,980,000 and $9,951,000, respectively. In the opinion of management, the carrying values of idle facilities are not in excess of net realizable value.