Other Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2019

Other Property, Plant and Equipment, Net

Other Property, Plant and Equipment, Net

6. Other Property, Plant and Equipment, Net

Other property, plant, and equipment, net at the dates indicated below, consisted of the following:

	December 31,		December 31,
	2019		2018
Land	$	9,155	$	16,245
Buildings and leasehold improvements		978		908
Machinery and office equipment		1,903		1,083
Software and other		1,690		1,667
		13,726		19,903
Less:  accumulated depreciation		(2,185)		(1,021)
Total other property, plant and equipment, net	$	11,541	$	18,882

Depreciation expense related to other property, plant and equipment was approximately $1.2 million, $0.3 million and $0.8 million for the years ended December 31, 2019, 2018 and 2017, respectively, and is included in other depreciation and amortization in the consolidated statements of comprehensive income.  The December 31, 2019 and 2018 land amounts in the table above includes approximately $0.7 million and $7.6 million of land acquired as part of the Signor acquisition discussed in Note 4, which is currently not being used in the operations of the business.

The gross cost of other property, plant and equipment under capital lease was approximately $0.7 million and $0 as of December 31, 2019 and 2018, respectively.  The accumulated depreciation related to other property, plant and equipment under capital lease was approximately $0 as of December 31, 2019 and 2018, respectively.

In November of 2019, the Company auctioned several non-strategic land parcels including the Signor land discussed above, and other related assets (the “properties”) not used in the operations of the business for estimated net sale proceeds of approximately $1.4 million.  The sale resulted in a pre-tax loss on the disposal of property, plant, and equipment of approximately $6.9 which is included in other expense (income), net in the consolidated statements of comprehensive income.  These properties had a carrying value of approximately $8.1 million and are primarily located in the Permian Basin business segment and reporting unit.