GAIN ON INSURANCE RECOVERIES

6 Months Ended

Jun. 30, 2018

Disclosure Text Block

GAIN ON INSURANCE RECOVERIES

NOTE 8 — GAIN ON INSURANCE RECOVERIES

In January 2017, a fire destroyed certain equipment in one of our fleets. These assets were insured at values greater than their carrying values. In the first six months of 2017, we received $4.2 million of insurance recovery proceeds for these assets, which exceeded their carrying values by $2.9 million.