Gulf Island Fabrication, Inc. Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2016

Property, plant and equipment consisted of the following at December 31, (in thousands):



	Estimated Useful Life	2016		2015
	(in Years)
Land	-	$	10,463	$	10,463
Buildings	25	65,894		64,154
Machinery and equipment	3 to 25	238,029		223,521
Furniture and fixtures	3 to 5	5,570		5,354
Transportation equipment	3 to 5	3,814		3,481
Improvements	15	128,437		127,727
Construction in progress	-	5,303		2,488
Total cost		457,510		437,188
Less accumulated depreciation		251,288		236,804
Net book value		$	206,222	$	200,384

The schedule of minimum rental payments under our leases/sublease is as follows (in thousands):