Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Components of property, plant and equipment

The following table summarizes depreciation expense:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
	(in thousands)
Total depreciation expense	$	8,751	$	7,038	$	24,423	$	20,433
Depreciation expense on leased railcars	$	4,295	$	2,573	$	11,285	$	6,988

Note 6 — Property, Plant, Equipment and Railcars on Operating Leases, net

The following table summarizes the components of property, plant, equipment and railcars on operating leases, net:

	September 30, 2014			December 31, 2013
	(in thousands)
Operations / Corporate:
Buildings	$	162,106		$	155,937
Machinery and equipment	192,686			186,844
Land	3,537			3,335
Construction in process	12,895			14,487
	371,224			360,603
Less accumulated depreciation	(211,890		)	(201,228		)
Property, plant and equipment, net	$	159,334		$	159,375
Railcar Leasing:
Railcars on operating leases	$	575,588		$	388,060
Less accumulated depreciation	(26,752		)	(15,509		)
Railcars on operating leases, net	$	548,836		$	372,551

Summary of future contractual minimum rental revenues required under non-cancellable operating leases for railcars

As of September 30, 2014, future contractual minimum rental revenues required under non-cancellable operating leases for railcars with terms longer than one year are as follows (in thousands):

Remaining 3 months of 2014	$	20,777
2015	59,243
2016	57,525
2017	43,376
2018	31,475
2019 and thereafter	47,670
Total	$	260,066