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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2012
Property, Plant and Equipment

6. Property, Plant and Equipment

 

     Useful lives      December 31,  
     in years      2012      2011  
            (In Thousands)  

Machinery, equipment and automotive

     3 – 30       $ 253,317       $ 239,322   

Proved natural gas properties

     *         49,801         —     

Buildings and improvements

     8 – 30         44,248         39,381   

Furniture, fixtures and store equipment

     3 – 10         6,718         5,926   

Assets under capital leases

     10         1,468         2,105   

Land improvements

     10         1,148         1,080   

Construction in progress

     N/A         52,673         23,714   

Capital spare parts

     N/A         5,430         7,407   

Land

     N/A         10,386         7,242   
     

 

 

    

 

 

 
        425,189         326,177   

Less accumulated depreciation, depletion and amortization

        143,318         161,630   
     

 

 

    

 

 

 
      $ 281,871       $ 164,547   
     

 

 

    

 

 

 

Machinery, equipment and automotive primarily includes the categories of property and equipment and estimated useful lives as follows: chemical processing plants and plant infrastructure (15-30 years); production, fabrication, and assembly equipment (7-15 years); certain processing plant components (3-10 years); and trucks, automobiles, trailers, and other rolling stock (3-7 years). At December 31, 2012 and 2011, assets capitalized under capital leases consist of machinery and equipment. Accumulated amortization for assets capitalized under capital leases were $567,000 and $718,000 at December 31, 2012 and 2011, respectively. During 2012, interest cost capitalized in PP&E was $398,000 (none during 2011).

 

* See information concerning natural gas properties included in PP&E in Note 1- Summary of Significant Accounting Policies and Note 2 – Acquisition of Working Interests in Natural Gas Properties.