Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Major classes of property and equipment

Major classes of property and equipment consisted of the following (in thousands):

	March 31, 2015
	Non-Leased Assets			Assets Under Operating Leases (a)			Total
Pipelines and related assets	$	227,859		$	45,695		$	273,554
Terminals and related assets	110,237			395,137			505,374
Other	9,442			—			9,442
Land	4,672			—			4,672
Construction-in-progress	33,740			—			33,740
Property and equipment, at cost	385,950			440,832			826,782
Accumulated depreciation	(109,922		)	(72,085		)	(182,007		)
Property and equipment, net	$	276,028		$	368,747		$	644,775

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See note (a) on following page.

	December 31, 2014 (b)
	Non-Leased Assets			Assets Under Operating Leases (a)			Total
Pipelines and related assets	$	227,780		$	45,695		$	273,475
Terminals and related assets	432,047			72,326			504,373
Other	9,439			—			9,439
Land	4,672			—			4,672
Construction-in-progress	27,145			—			27,145
Property and equipment, at cost	701,083			118,021			819,104
Accumulated depreciation	(155,511		)	(19,019		)	(174,530		)
Property and equipment, net	$	545,572		$	99,002		$	644,574

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(a) Represents assets owned by us for which we are the lessor (see Note 4). Substantially all of the assets acquired in the Houston and St. Charles Terminal Acquisition were reflected as assets under operating leases on March 1, 2015.

(b) Prior period financial information has been retrospectively adjusted for the Houston and St. Charles Terminal Acquisition.