A summary of property and equipment as of March 31, 2026 and December 31, 2025 is as follows:


(in thousands)	March 31, 2026			December 31, 2025
Land	$	13,461		$	13,409
Buildings, building improvements and leasehold improvements		47,282			50,168
Manufacturing machinery and equipment		71,647			70,579
Rental tools		86,193			73,032
Office equipment and computer software		3,105			3,122
Vehicles		14,684			14,595
Right-of-use leases – finance		35,453			36,341
Total Property and equipment		271,825			261,246
Less: Accumulated depreciation and amortization		(108,497	)		(102,372	)
Net Property and equipment	$	163,328		$	158,874

The amortization expense for the right-of-use finance lease assets was $2.1 million and $1.7 million for the three months ended March 31, 2026 and 2025, respectively.

Depreciation expense related to property and equipment was $9.9 million and $9.6 million for the three months ended March 31, 2026 and 2025, respectively.