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PROPERTY, PLANT AND EQUIPMENT | 9 Months Ended
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Sep. 30, 2020
PROPERTY, PLANT AND EQUIPMENT. |
PROPERTY, PLANT AND EQUIPMENT | 6. PROPERTY, PLANT AND EQUIPMENT
|  |  | Net Book Value of Property, Plant and Equipment at September 30, 2020
(thousands of dollars) |  |  | Texas |  | Alabama |  | New Mexico |  | Corporate |  | Total
Uranium plant |  |  | $ | 1,855 |  | $ | 0 |  | $ | - |  | $ | - |  | $ | 1,855
Mineral rights and properties |  |  |  | - |  |  | 8,972 |  |  | 3,900 |  |  | - |  |  | 12,872
Other property, plant and equipment |  |  |  | 452 |  |  | - |  |  | - |  |  | 24 |  |  | 476
Total Property, Plant and Equipment |  |  | $ | 2,307 |  | $ | 8,972 |  | $ | 3,900 |  | $ | 24 |  | $ | 15,203
Property, Plant and Equipment included in assets held for sale |  |  |  | 2,307 |  |  | - |  |  | 3,900 |  |  | - |  |  | 6,207
Property, Plant and Equipment from Continuing Operations |  |  | $ | - |  | $ | 8,972 |  | $ | - |  | $ | 24 |  | $ | 8,996
|  |  | Net Book Value of Property, Plant and Equipment at December 31, 2019
(thousands of dollars) |  |  | Texas |  | Alabama |  | New Mexico |  | Corporate |  | Total
Uranium plant |  |  | $ | 3,112 |  | $ | - |  | $ | - |  | $ | - |  | $ | 3,112
Mineral rights and properties |  |  |  | - |  |  | 8,972 |  |  | 7,806 |  |  | - |  |  | 16,778
Other property, plant and equipment |  |  |  | 424 |  |  | - |  |  | - |  |  | 23 |  |  | 447
Total Property, Plant and Equipment |  |  | $ | 3,536 |  | $ | 8,972 |  | $ | 7,806 |  | $ | 23 |  | $ | 20,337
Property, Plant and Equipment included in assets held for sale |  |  |  | 3,536 |  |  | - |  |  | 7,806 |  |  | - |  |  | 11,342
Property, Plant and Equipment from Continuing Operations |  |  | $ | - |  | $ | 8,972 |  | $ | - |  | $ | 23 |  | $ | 8,995
Included in the Property, Plant and Equipment tables above are the long-lived assets related to the Company’s uranium business, which are reported in discontinued operations (see Note 8). Impairment of Property, Plant and Equipment The Company reviews and evaluates its long-lived assets for impairment on an annual basis or more frequently when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. As discussed in Note 8, the Company has entered into a binding LOI to sell its uranium business. The proposed terms of the transaction are an indicator of impairment of the Company’s long-lived uranium property, plant and equipment. For purposes of determining the amount of impairment, the Company has estimated that a loss in the amount of $5.2 million will be recorded upon closing of the proposed transaction using the September 30, 2020 carrying values of the uranium assets and liabilities included in the transaction plus estimated costs to close the transaction. As discussed in Note 8, at September 30, 2020, property, plant and equipment related to the Company’s U.S. uranium business in Texas and New Mexico, net of the $5.2 million impairment charge, have been reclassified to Held for Sale on the Condensed Consolidated Balance Sheet. Balances for prior year periods have also been reclassified. The $5.2 million impairment charge is included in discontinued operations on the Condensed Consolidated Statement of Operations for the period ended September 30, 2020.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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