Net Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

Note 5

Net Property, Plant and Equipment

The following table is a summary of property, plant and equipment at the end of each year:

	Useful	December 31,
(Thousands of dollars)	Lives	2014			2013
Land and improvements	0-15 years	$	184,647		$	194,237
Buildings and improvements	30 years	389,193			395,598
Machinery and equipment	3-20 years	1,001,061			990,553
Vessels and vehicles	3-18 years	160,310			126,502
Office furniture and fixtures	5 years	25,965			30,102
Construction in progress		25,535			40,317
		1,786,711			1,777,309
Accumulated depreciation and amortization		(939,954		)	(913,736		)
Net property, plant and equipment		$	846,757		$	863,573

- 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.

+ References+ Details