XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.23.2

Property, Plant and Equipment | 6 Months Ended
--- | ---
Jun. 30, 2023
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Property, Plant and Equipment The components of Property, plant and equipment, net are as follows:
(in thousands) | June 30, 2023 |  | December 31, 2022 |  | June 30, 2022
Land | $ | 31,838 |  |  | $ | 38,689 |  |  | $ | 38,630 |
Land improvements and leasehold improvements | 81,470 |  |  | 92,084 |  |  | 91,542 |
Buildings and storage facilities | 349,773 |  |  | 364,721 |  |  | 370,453 |
Machinery and equipment | 891,368 |  |  | 980,159 |  |  | 949,142 |
Construction in progress | 56,578 |  |  | 41,429 |  |  | 31,237 |
| 1,411,027 |  |  | 1,517,082 |  |  | 1,481,004 |
Less: accumulated depreciation | 747,586 |  |  | 754,353 |  |  | 717,561 |
Property, plant and equipment, net | $ | 663,441 |  |  | $ | 762,729 |  |  | $ | 763,443 |
Depreciation expense on property, plant, and equipment used in continuing operations was $24.4 million and $27.5 million for three months ended June 30, 2023 and 2022, respectively. Additionally, depreciation expense on property, plant and equipment used in continuing operations was $50.5 million and $55.8 million for the six months ended June 30, 2023 and 2022, respectively. In the first quarter of 2023, the Company recorded a $87.2 million impairment charge related to ELEMENT, LLC ("ELEMENT"), the Company's joint venture ethanol plant within the Renewables segment. The plant has faced operational and market-based challenges which were exacerbated by a shift in the California Low Carbon Fuel Standard credit markets and high western corn basis. At the time of the impairment, the Company owned 51% of ELEMENT and it was a consolidated entity, so 49% of the impairment charge was represented in Net income (loss) attributable to noncontrolling interests in the Company's Condensed Consolidated Statements of Operations.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration