Property, Plant And Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant And Equipment [Abstract]

NOTE G – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:


		For the Year Ended December 31,
(All Amounts in Thousands)		2014		2013
Pure Car/Truck Carriers	$	190,469	$	146,190
Special Purpose vessels		59,481		59,481
Coal Carrier		92,771		92,771
Tanker		-		8,009
Bulk Carriers		118,732		203,394
Tug and Barge Units		58,573		72,571
Non-vessel related property, plant and equipment		38,786		39,909
		558,812		622,325
Less: Accumulated depreciation		(186,450)		(175,106)
		372,362		447,219
Construction-in-progress (vessel and non-vessel)		2,371		2,673
	$	374,733	$	449,892

Total depreciation expense attributed to our Property, Plant and Equipment was approximately $27.0 million, $24.9 million, and $25.0 million for the years ended December 31, 2014, 2013 and 2012, respectively.

The Company received a $5.2 million incentive from the State of Louisiana toward the construction of our office building in New Orleans. As of December 31, 2014, the Company had spent $4.8 million on the construction of the building of which $4.7 million was billed to the State of Louisiana toward the building incentive. The amounts billed to the State of Louisiana for the building incentive reduce the amount of construction in progress of the building. During the year ended 2014, the Company received $4.6 million from the State of Louisiana.

- 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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