Property and Equipment

9 Months Ended

Sep. 30, 2022

Property and Equipment

Property and Equipment

Note 6.    Property and Equipment

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

	September 30,		December 31,
	2022		2021
Buildings and improvements	$	1,410,991	$	1,327,002
Land		536,927		457,260
Fixtures and equipment		41,202		38,646
Idle plant assets		30,500		30,500
Construction in process		50,644		52,716
Capitalized internal use software		33,610		32,740
Total property and equipment		2,103,874		1,938,864
Less accumulated depreciation		886,868		839,516
Total	$	1,217,006	$	1,099,348

Property and equipment includes retail gasoline station assets held for sale of $0 and $6.1 million at September 30, 2022 and December 31, 2021, respectively, and terminal assets held for sale of $0 and $26.3 million at September 30, 2022 and December 31, 2021, respectively.

At September 30, 2022, the Partnership had a $38.2million 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 would need to take certain measures to prepare the facility for ethanol production in order to place the plant into service and commence depreciation. Therefore, the $30.5 million related to the ethanol plant was included in property and equipment and classified as idle plant assets at September 30, 2022 and December 31, 2021.

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 believes these assets are recoverable but continues to monitor the market for ethanol, the continued business development of this facility for ethanol or other product transloading, and the related impact this may have on the facility’s operating cash flows and whether this would constitute an impairment indicator.