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Sale of Assets | 12 Months Ended
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Dec. 31, 2016
Property, Plant and Equipment [Abstract] |
Sale of Assets | Property, Plant and Equipment The components of property, plant and equipment are as follows:
| December 31,
(in thousands) | 2016 |  | 2015
Land | $ | 30,672 |  |  | $ | 29,928 |
Land improvements and leasehold improvements | 79,631 |  |  | 77,191 |
Buildings and storage facilities | 322,856 |  |  | 303,482 |
Machinery and equipment | 392,418 |  |  | 375,028 |
Construction in progress | 12,784 |  |  | 32,871 |
| 838,361 |  |  | 818,500 |
Less: accumulated depreciation | 388,309 |  |  | 363,240 |
| $ | 450,052 |  |  | $ | 455,260 |
Depreciation expense on property, plant and equipment amounted to $48.9 million, $46.4 million and $40.5 million for the years ended 2016, 2015 and 2014, respectively. In December 2016, the Company recorded charges totaling $6.0 million for impairment of property, plant and equipment in the Retail segment. This does not include $0.5 million of impairment charges related to software. The Company wrote down the value of these assets to the extent their carrying amounts exceeded fair value. The Company classified the significant assumptions used to determine the fair value of the impaired assets as Level 3 inputs in the fair value hierarchy. In December 2016, the Company recorded charges totaling $2.3 million for impairment of property, plant and equipment in the Plant Nutrient segment due to the closing of a cob facility. Rail Group Assets The components of the Rail Group assets leased to others are as follows:
| December 31,
(in thousands) | 2016 |  | 2015
Rail Group assets leased to others | $ | 431,571 |  |  | $ | 434,051 |
Less: accumulated depreciation | 104,376 |  |  | 95,940 |
| $ | 327,195 |  |  | $ | 338,111 |
Depreciation expense on Rail Group assets leased to others amounted to $18.6 million, $17.6 million and $14.2 million for the years ended 2016, 2015 and 2014, respectively. Sale of Assets On May 2, 2016 the Company sold eight grain and agronomy locations in Iowa for $54.3 million and recorded a nominal gain. The Andersons acquired these locations as part of its 2012 acquisition from Green Plains Grain Company. The Tennessee assets acquired during that same transaction will remain a part of the Company.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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