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Plant and Equipment

12 Months Ended

Dec. 31, 2011

Plant and Equipment [Abstract]

Plant and Equipment

6. Plant and Equipment

The Partnership’s plant and equipment consist of the following:


		December 31, 2011				December 31, 2010
		(In thousands)
Plant construction in process		$	78			$	6,279
Plant and equipment at cost			67,175				81,906
Less accumulated depreciation			(21,068	)			(25,837	)

Net book value		$	46,185			$	62,348


		For the years ended December 31,
		2011				2010				2009
		(In thousands)
Total depreciation expense on plant and equipment		$	8,589			$	8,322			$	7,998

Under the provisions of one of the Partnership’s tipple leases, the lessee exercised its option to purchase the tipple and corresponding land for fair market value, which is greater than the carrying amount of the asset. In May 2011, the lessee paid a $1.0 million deposit that was nonrefundable. In August 2011, the lessee paid the remaining $4.5 million to complete the purchase of the tipple. The Partnership recognized a gain on the sale in the third quarter of $1.1 million, which is included in Other Revenue on the Consolidated Statements of Income.

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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