v3.26.1
Property and Equipment (Tables)
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Summary of Property and Equipment

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