Property, Plant and Equipment
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Dec. 31, 2014
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Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | Property, Plant and Equipment The components of property, plant and equipment are as follows:
Depreciation expense on property, plant and equipment amounted to $44.3 million, $37.5 million and $27.4 million for the years ended 2014, 2013 and 2012, respectively. In December 2013, the Company recorded charges totaling $4.4 million for asset impairment, primarily due to the write down of asset values in Retail. The Company wrote down the value of these assets to the extent their carrying amounts exceeded fair value. The Company classified the significant assumptions used to determine the fair value of the impaired assets, which was not material, as Level 3 in the fair value hierarchy. Rail Group Assets The components of the Rail Group assets leased to others are as follows:
Depreciation expense on Rail Group assets leased to others amounted to $14.2 million, $14.7 million and $15.9 million for the years ended 2014, 2013 and 2012, respectively. |