XML 38 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Inventory Inventory
12 Months Ended
Dec. 31, 2017
Inventory, Net [Abstract]  
Inventory
Inventory

Inventories consisted of $20.9 million and $8.9 million of refined petroleum products as of December 31, 2017 and 2016, respectively. Inventory is stated at the lower of cost or net realizable value, with cost determined on a FIFO basis. We recognize lower of cost or net realizable value charges as a component of cost of goods sold in the consolidated statements of income and comprehensive income, which amounted to a nominal amount and $0.3 million during the years ended December 31, 2017 and 2015, respectively. There was no lower of cost or net realizable value charge during the year ended December 31, 2016.