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Sale of Assets | 3 Months Ended
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Mar. 31, 2018
Property, Plant and Equipment [Abstract] |
Sale of Assets | Property, Plant and Equipment The components of Property, plant and equipment, net are as follows:
(in thousands) | March 31, 2018 |  | December 31, 2017 |  | March 31, 2017
Land | $ | 29,915 |  |  | $ | 22,388 |  |  | $ | 29,331 |
Land improvements and leasehold improvements | 69,320 |  |  | 69,127 |  |  | 78,798 |
Buildings and storage facilities | 285,084 |  |  | 284,820 |  |  | 321,344 |
Machinery and equipment | 377,563 |  |  | 373,127 |  |  | 388,230 |
Construction in progress | 15,116 |  |  | 7,502 |  |  | 13,113 |
| 776,998 |  |  | 756,964 |  |  | 830,816 |
Less: accumulated depreciation | 383,235 |  |  | 372,287 |  |  | 390,421 |
| $ | 393,763 |  |  | $ | 384,677 |  |  | $ | 440,395 |
Depreciation expense on property, plant and equipment was $11.6 million and $12.1 million for the three months ended March 31, 2018 and 2017, respectively. In December 2017, the Company recorded charges totaling $10.9 million for impairment of property, plant and equipment in the Grain segment, of which $5.6 million relates to assets that are deemed held and used and $5.3 million related to assets that have been reclassified as assets held for sale at December 31, 2017. 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. Rail Group Assets The components of Rail Group assets leased to others are as follows:
(in thousands) | March 31, 2018 |  | December 31, 2017 |  | March 31, 2017
Rail Group assets leased to others | $ | 577,678 |  |  | $ | 531,391 |  |  | $ | 448,761 |
Less: accumulated depreciation | 115,425 |  |  | 107,948 |  |  | 105,825 |
| $ | 462,253 |  |  | $ | 423,443 |  |  | $ | 342,936 |
Depreciation expense on Rail Group assets leased to others amounted to $6.2 million and $4.7 million for the three months ended March 31, 2018 and 2017, respectively. Sale of Assets On March 31, 2017 the Company sold four farm center locations in Florida for $17.4 million and recorded a $4.7 million gain, net of transaction costs in Other income, net. The sale price included a working capital adjustment of $3.6 million.

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- References No definition available. + Details
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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 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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