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PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2014
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT | 6. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following at December 31 (in thousands):
|  | Estimated Useful Life |  |  | 2014 |  |  | 2013 |
|  | (in Years) |  |  |  |  |  |  |
Land |  |  | n/a |  |  | $ | 10,463 |  |  | $ | 10,463 |
Buildings |  |  | 25 |  |  |  | 63,837 |  |  |  | 62,515 |
Machinery and equipment |  |  | 3 to 25 |  |  |  | 228,284 |  |  |  | 198,611 |
Furniture and fixtures |  |  | 3 to 5 |  |  |  | 5,354 |  |  |  | 5,143 |
Transportation equipment |  |  | 3 to 5 |  |  |  | 3,748 |  |  |  | 3,224 |
Improvements |  |  | 15 |  |  |  | 125,265 |  |  |  | 123,201 |
Construction in progress |  |  | n/a |  |  |  | 1,177 |  |  |  | 7,450 |
|  |  |  |  |  |  | 438,128 |  |  |  | 410,607 |
Less accumulated depreciation |  |  |  |  |  |  | 213,351 |  |  |  | 187,052 |
|  |  |  |  |  | $ | 224,777 |  |  | $ | 223,555 |
The Company leases certain equipment used in the normal course of its operations under month-to-month lease agreements cancelable only by the Company. During 2014, 2013, and 2012, the Company expensed $5.6 million, $9.5 million, and $7.7 million, respectively, related to these leases. On June 10, 2013, the Company entered into a lease agreement with BRI 1825 Park Ten, LLC for certain office and parking facilities located in Houston, Texas to house its corporate office. Leased premises consist of office space of approximately 4,421 square feet. The term of the lease, which commenced August 1, 2013, is 64 months. The Company has an option to extend the lease term for a period of five (5) years after the expiration date. Additionally, on December 9, 2013, we entered into an amendment to the lease to effectively provide an additional 3,624 square feet of office space. The amendment, among other things, extends the term for both the existing premises and expansion premises to January 31, 2020. The schedule of minimum rental payments for operating leases (in thousands) is as follows:
2015 |  | $ | 213 |
2016 |  |  | 217 |
2017 |  |  | 221 |
2018 |  |  | 225 |
2019 |  |  | 229 |
Thereafter |  |  | 19 |

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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 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: 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=6391110&loc=d3e2921-110230 Reference 3: 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=6360339&loc=d3e1361-107760 Reference 4: 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 + Details
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