v3.26.1
Other Property, Plant and Equipment, Net
6 Months Ended
Jun. 30, 2026
Other Property, Plant and Equipment, Net  
Other Property, Plant and Equipment, Net

4. Other Property, Plant and Equipment, Net

Other property, plant and equipment, net at the dates indicated below, consisted of the following:

  ​ ​ ​

June 30, 

December 31,

2026

  ​ ​ ​

2025

Land

$

36,310

$

31,184

Buildings and leasehold improvements

 

908

 

908

Machinery and office equipment

 

2,541

 

2,398

Other1

 

14,676

 

12,605

 

54,435

 

47,095

Less: accumulated depreciation

 

(12,374)

 

(11,341)

Total other property, plant and equipment, net

$

42,061

$

35,754

(1)The Other category includes finance lease right-of-use assets pertaining to commercial-use vehicles at a gross cost of approximately $12 million as of June 30, 2026.

For the six months ended June 30, 2026 and 2025, depreciation expense related to other property, plant and equipment was $1.4 million and $1.3 million, respectively, and is included in other depreciation and amortization in the consolidated statements of comprehensive loss. For the three months ended June 30, 2026 and 2025, depreciation expense related to other property, plant and equipment was $0.8 million and $0.7 million, respectively, and is included in other depreciation and amortization in the accompanying consolidated statements of comprehensive loss. During the six months ended June 30, 2026, the Company also retired finance lease right-of-use assets pertaining to commercial-use vehicles included in the Other category above, with accumulated depreciation of $0.4 million and a gross cost of $0.4 million.

During the three months ended June 30, 2026, the Company purchased a group of assets consisting of land, and specialty rental assets (site work, and furniture & fixtures) for approximately $7.8 million, of which approximately $1.0 million is included within this asset group, to support growth of the WHS segment discussed in Note 16. The acquisition was accounted for as an asset acquisition. The Company allocated the total purchase price to identifiable tangible assets based on their relative fair values, which resulted in the entire purchase price being allocated to land and specialty rental assets.