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Property and Equipment
9 Months Ended
Sep. 30, 2014
Property and Equipment  
Property and Equipment

(4)  Property and Equipment

 

Property and equipment consisted of the following at September 30, 2014 and December 31, 2013 (in thousands):

 

 

 

 

 

 

 

 

 

 

    

September 30, 2014

    

December 31, 2013

Compression equipment

 

$

1,209,011 

 

$

950,823 

Furniture and fixtures

 

 

543 

 

 

706 

Automobiles and vehicles

 

 

16,945 

 

 

12,476 

Computer equipment

 

 

11,010 

 

 

5,636 

Leasehold improvements

 

 

530 

 

 

116 

Total

 

 

1,238,039 

 

 

969,757 

Less accumulated depreciation and amortization

 

 

(162,100)

 

 

(116,791)

Total

 

$

1,075,939 

 

$

852,966 

 

We recognized $17.4 million and $12.6 million of depreciation expense on property and equipment for three months ended September 30, 2014 and 2013, respectively. We recognized $48.8 million and $34.9 million of depreciation expense on property and equipment for the nine months ended September 30, 2014 and 2013, respectively.

 

At September 30, 2014 and December 31, 2013, there were $37.0 million and $15.8 million, respectively, of property and equipment purchases in accounts payable and accrued liabilities.

 

During the quarter ended September 30, 2014, the Partnership determined that certain compression equipment was no longer going to be utilized in its operating fleet.  This compression equipment was written down to its respective fair value, measured using quoted market prices or, in the absence of quoted market prices, based on an estimate of discounted cash flows.  The Partnership recorded a $1.2 million impairment of compression equipment for the three and nine months ended September 30, 2014, and no such impairment for the three and nine months ended September 30, 2013.