Property, Plant & Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant & Equipment [Abstract]

NOTE D – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:


		For the Year Ended December 31,
(All Amounts in Thousands)		2013		2012
Pure Car/Truck Carriers	$	146,190	$	132,393
Special Purpose vessels		59,481		59,462
Coal Carrier		92,771		92,771
Tanker		8,009		8,009
Bulk Carriers		203,394		200,537
Tug and Barge Units		72,571		32,000
Non-vessel related property, plant and equipment		39,909		39,796
		622,325		564,968
Less: Accumulated depreciation		(175,106)		(151,318)
		447,219		413,650
Construction-in-progress (vessel and non-vessel)		2,673		10
	$	449,892	$	413,660

Total depreciation expense attributed to our Property, Plant and Equipment was approximately $24.9 million, $25.0 million and $26.4 million for the years ended December 31, 2013, 2012 and 2011, respectively. Other depreciation on non-vessel items such as office equipment, furniture, etc. is recorded in Administrative and General Expenses and was approximately $628,000, $600,000 and $992,000 for the years ended December 31, 2013, 2012, and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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