Property and Equipment

3 Months Ended

Mar. 31, 2013

Note 10. Property and Equipment

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

	March 31			December 31,
	2013			2012
Buildings and improvements	$	567,754		$	498,984
Land	289,466			289,903
Fixtures and equipment	17,597			14,554
Construction in process	30,959			17,809
Capitalized internal use software	5,941			5,847
Total property and equipment	911,717			827,097
Less accumulated depreciation	(126,993		)	(114,775		)
Total	$	784,724		$	712,322

The net increase of approximately $84.6 million in total property and equipment at March 31, 2013 was primarily due to the Partnership’s acquisitions of its membership interest in Basin Transload and Cascade Kelly (see Note 2).

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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