Property, Plant and Equipment

12 Months Ended

Mar. 31, 2014

Note 5 — Property, Plant and Equipment

Our property, plant and equipment consists of the following:

	March 31,
				2013
Description and Estimated Useful Lives	2014			(Note 2)
	(in thousands)
Natural gas liquids terminal assets (2—30 years)	$	75,141		$	63,637
Retail propane equipment (2—30 years)	160,758			152,802
Vehicles (3—25 years)	152,676			88,173
Water treatment facilities and equipment (3—30 years)	180,985			91,944
Crude oil tanks and related equipment (2—40 years)	106,125			22,577
Barges and towboats (5—40 years)	52,217			25,963
Information technology equipment (3—7 years)	20,768			12,169
Buildings and leasehold improvements (3—40 years)	60,004			48,975
Land	30,241			21,815
Linefill and tank bottoms	13,403			—
Other (5—30 years)	6,341			16,104
Construction in progress	80,251			32,405
	938,910			576,564
Less: Accumulated depreciation	(109,564		)	(50,127		)
Net property, plant and equipment	$	829,346		$	526,437

Depreciation expense was $59.9 million, $39.2 million and $10.6 million during the years ended March 31, 2014, 2013 and 2012, respectively. During the year ended March 31, 2014, we capitalized $0.7 million of interest expense.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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