Property and Equipment

9 Months Ended

Sep. 30, 2016

Property and Equipment

Property and Equipment

Note 11.    Property and Equipment

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

	September 30,		December 31,
	2016		2015
Buildings and improvements	$	924,053	$	992,917
Land		429,475		450,045
Fixtures and equipment		39,719		40,946
Construction in process		74,410		67,080
Capitalized internal use software		20,098		18,852
Total property and equipment		1,487,755		1,569,840
Less accumulated depreciation		358,990		327,157
Total	$	1,128,765	$	1,242,683

Property and equipment includes assets held for sale of $27.2 million and $7.4 million at September 30, 2016 and December 31, 2015, respectively (see Note 15).

At September 30, 2016, the Partnership had a $64.4 million remaining net book value of long-lived assets at its West Coast facility, including $30.5 million related to the Partnership’s ethanol plant acquired in 2013.  The Partnership has completed the measures necessary to shift the ethanol plant from crude oil to ethanol transloading.  The Partnership has begun transloading ethanol but will, however, need to take certain measures to prepare the facility for ethanol production to place the plant into service.  Therefore, the $30.5 million related to the ethanol plant was included in construction in process at September 30, 2016 and December 31, 2015.  If the Partnership is unable to generate cash flows to support the recoverability of the plant and facility assets, this may become an indicator of potential impairment of the West Coast facility.  The Partnership will monitor the market for ethanol, the continued business development of this facility for either ethanol or crude oil transloading and the related impact this may have on the facility’s operating cash flows and whether this would constitute an impairment indicator.