Quarterly report pursuant to Section 13 or 15(d)

Equipment Acquisitions and Dispositions

v3.20.1
Equipment Acquisitions and Dispositions
3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Equipment Acquisitions and Dispositions
3. EQUIPMENT ACQUISITIONS AND DISPOSITIONS
During the three months ended March 31, 2020, capital expenditures were $6.4 million and primarily related to the construction of harbor tugs and the purchase of machinery and equipment.
During the three months ended March 31, 2020, the Company sold equipment for net proceeds of $0.1 million and gains of $0.1 million. In addition, the Company recognized previously deferred gains of $0.3 million.