| PROPERTY AND EQUIPMENT |
PROPERTY AND EQUIPMENT | | | | | | | | | | | | | July 31, 2022 | | January 31, 2022 | | | (in thousands) | | Rental fleet equipment | $ | 73,014 | | | $ | 65,117 | | | Machinery and equipment | 23,769 | | | 22,819 | | | Vehicles | 62,251 | | | 58,650 | | | Furniture and fixtures | 51,400 | | | 50,228 | | | Land, buildings, and leasehold improvements | 129,102 | | | 123,323 | | | 339,536 | | | 320,137 | | | Less accumulated depreciation | 150,572 | | | 141,894 | | | $ | 188,964 | | | $ | 178,243 | |
The Company includes depreciation expense related to its rental fleet and its trucking fleet, for hauling equipment, in Cost of Revenue, which was $2.0 million and $2.1 million for the three months ended July 31, 2022 and 2021, and $3.5 million and $3.8 million for the six months ended July 31, 2022 and 2021, respectively. All other depreciation expense is included in Operating Expenses, which was $3.6 million and $3.0 million for the three months ended July 31, 2022 and 2021 and $7.1 million and $6.0 million for the six months ended July 31, 2022 and 2021, respectively. The Company reviews its long-lived assets for potential impairment whenever events or circumstances indicate that the carrying value of the long-lived asset (or asset group) may not be recoverable. During the three months ended July 31, 2022, the Company identified two such asset groups in the Agriculture segment, and performed an impairment test, and concluded that no impairment was present, thus the Company did not recognize any impairment for the three and six months ended July 31, 2022. The Company did recognize impairment of long-lived assets of $0.4 million in its International segment for the three and six months ended July 31, 2021
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