v3.26.1
Property and Equipment and Rental Fleet
6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT AND RENTAL FLEET

NOTE 6 — PROPERTY AND EQUIPMENT AND RENTAL FLEET

Property and equipment, net, consisted of the following:

 

June 30,

 

 

December 31,

 

 

2026

 

 

2025

 

Land

$

1.0

 

 

$

3.2

 

Buildings, equipment, and leasehold improvements:

 

 

 

 

 

Machinery and equipment

 

9.5

 

 

 

10.2

 

Autos and trucks

 

6.2

 

 

 

6.1

 

Buildings and leasehold improvements

 

32.7

 

 

 

29.3

 

Construction in progress

 

6.5

 

 

 

8.2

 

Finance lease right-of-use assets

 

63.1

 

 

 

64.7

 

Office equipment

 

6.1

 

 

 

5.9

 

Computer equipment

 

13.4

 

 

 

13.4

 

Total costs

 

138.5

 

 

 

141.0

 

 

 

 

 

 

Less: accumulated depreciation and amortization of property and equipment

 

(72.8

)

 

 

(67.7

)

Property and equipment, net

$

65.7

 

 

$

73.3

 

 

Total depreciation and amortization on property and equipment was $4.3 million and $5.1 million for the three months ended June 30, 2026 and 2025, respectively, and $8.6 million and $10.1 million for the six months ended June 30, 2026 and 2025, respectively.

Rental fleet, net, consisted of the following:

 

June 30,

 

 

December 31,

 

 

2026

 

 

2025

 

Rental fleet

$

519.2

 

 

$

532.9

 

Less: accumulated depreciation of rental fleet

 

(218.8

)

 

 

(219.2

)

Rental fleet, net

$

300.4

 

 

$

313.7

 

 

Total depreciation on rental fleet was $22.6 million and $23.6 million for the three months ended June 30, 2026 and 2025, respectively, and $42.4 million and $45.7 million for the six months ended June 30, 2026 and 2025, respectively.