
	As of June 30,				As of December 31,
(in thousands)	2026		2025		2025
Land	$	60,540	$	61,349	$	61,552
Buildings and site improvements	365,920		256,412		363,959
Leasehold improvements	16,861		13,422		12,465
Machinery and equipment	727,417		601,552		678,885
	1,170,738		932,735		1,116,861
Less: accumulated depreciation and amortization	(608,219)		(549,913)		(577,223)
	562,519		382,822		539,638
Capital projects in progress	52,470		214,714		88,216
Total	$	614,989	$	597,536	$	627,854

In January 2025, the Company made the decision to sell its vacant land that is part of the Company's North America segment. The Company determined that the long-lived asset meets the criteria to be classified as held for sale in its financial statements and expected to be sold during 2026. The Company presented the asset's carrying value of approximately $2.4 million in Other current assets of the Condensed Consolidated Balance Sheets.

In June 2026, the Company reached a final eminent domain settlement related to its existing land in McKinney, Texas for approximately $5.9 million in net proceeds, which resulted in approximately $5.5 million of gain on disposal of fixed assets.

In July 2025, the Company sold its existing facility in Gallatin, Tennessee for approximately $19.0 million in net proceeds after closing costs and sale price adjustments, which resulted in approximately $12.9 million of gain on disposal of fixed assets. To provide a temporary transition until the Company relocates to the new facility, the Company leased back the sold facility from the buyer for approximately five months. The Company treated the leaseback transaction as a short-term lease and will recognize the rent expense on the straight-line basis over the lease term.