Equipment Acquisitions and Dispositions
|9 Months Ended|
Sep. 30, 2019
|Property, Plant and Equipment [Abstract]|
|Equipment Acquisitions and Dispositions||
2. EQUIPMENT ACQUISITIONS AND DISPOSITIONS
During the nine months ended September 30, 2019, capital expenditures were $17.4 million and primarily related to the acquisition of real property, upgrades to inland river towboats and the construction of other Inland Services equipment.
During the nine months ended September 30, 2019, the Company sold one foreign-flag short-sea container/RORO vessel and other equipment for net proceeds of $1.9 million and gains of $0.1 million. In addition, the Company recognized previously deferred gains of $2.1 million.
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.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef