A summary of property and equipment as of March 31, 2025 and December 31, 2024 is as follows:


(in thousands)	March 31, 2025			December 31, 2024
Land	$	25,709		$	25,075
Buildings, building improvements and leasehold improvements		72,509			75,689
Manufacturing machinery and equipment		68,227			64,088
Rental tools		59,030			54,456
Office equipment and computer software		4,978			4,516
Vehicles		18,714			19,638
Right of use leases – finance		21,310			20,689
Total Property and equipment		270,477			264,151
Less: Accumulated depreciation and amortization		(82,051	)		(73,365	)
Net Property and equipment	$	188,426		$	190,786

The amortization expense for the right of use finance lease assets was $1.7 million and $1.5 million for the three months ended March 31, 2025 and 2024, respectively.

Depreciation expense related to property and equipment was $9.6 million and $1.3 million for the three months ended March 31, 2025 and 2024, respectively.