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.
|
|