ADAMS RESOURCES & ENERGY, INC. | CIK:0000002178 | 3

  • Filed: 3/12/2018
  • Entity registrant name: ADAMS RESOURCES & ENERGY, INC. (CIK: 0000002178)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/2178/000000217818000009/0000002178-18-000009-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/2178/000000217818000009/ae-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0000002178
  • Total assets: 282,704,000
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    • us-gaap:PropertyPlantAndEquipmentTextBlock

    Components of depreciation, depletion and amortization expense were as follows for the periods indicated (in thousands):
     
    Year Ended December 31,
     
    2017
     
    2016
     
    2015
    Depreciation, depletion and amortization, excluding amounts
     
     
     
     
     
    under capital leases
    $
    13,478

     
    $
    18,792

     
    $
    23,717

    Amortization of property and equipment under capital leases
    121

     
    —

     
    —

    Total depreciation, depletion and amortization
    $
    13,599

     
    $
    18,792

     
    $
    23,717

    The historical costs of our property and equipment and related accumulated depreciation balances were as follows at the dates indicated (in thousands):
     
    Estimated
     
     
     
     
     
    Useful Life
     
    December 31,
     
    in Years
     
    2017
     
    2016
     
     
     
     
     
     
    Tractors and trailers (1)
    5 – 6
     
    $
    88,065

     
    $
    89,576

    Oil and gas (successful efforts)

     
    —

     
    62,784

    Field equipment
    2 – 5
     
    18,490

     
    18,282

    Buildings
    5 – 39
     
    15,727

     
    15,707

    Office equipment
    1 – 5
     
    1,929

     
    1,913

    Land
     
     
    1,790

     
    1,790

    Construction in progress
     
     
    275

     
    596

    Total
     
     
    126,276

     
    190,648

    Less accumulated depreciation
     
     
    (96,914
    )
     
    (144,323
    )
    Property and equipment, net
     
     
    $
    29,362

     
    $
    46,325


    ______________
    (1)
    2017 includes assets held under capital leases. During the third quarter of 2017, we entered into capital leases for certain tractors in our marketing segment. Gross property and equipment and accumulated amortization associated with assets held under capital leases were $1.8 million and $0.1 million, respectively, at December 31, 2017 (see Note 13 for further information).