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3. PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following (in thousands):

	December 31,
	2014			2013
Facilities and plant equipment	$	190,714		$	184,064
Land		2,570			2,570
Other equipment, vehicles and furniture		7,641			5,600
Construction in progress		8,720			5,007
		209,645			197,241
Accumulated depreciation		(54,343	)		(42,047	)
	$	155,302		$	155,194

Depreciation expense, including idled facilities, was $12,712,000, $11,662,000 and $11,481,000 for the years ended December 31, 2014, 2013 and 2012, respectively. One of the Pacific Ethanol Plants was idled for four months in 2014 and for all of 2013 and 2012. Depreciation on the Company’s idled assets was an aggregate of $699,000, $2,108,000 and $2,136,000 for the years ended December 31, 2014, 2013 and 2012, respectively.

Included in plant and equipment is $12,829,000 at December 31, 2014 and 2013, attributable to capital leases. Depreciation expense related to these capital leases was $855,000 and $340,000 for the years ended December 31, 2014 and 2013, respectively.

- 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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