Property and Equipment, net

3 Months Ended

Mar. 31, 2020

Property and Equipment, net

Property and Equipment, net

5. Property and Equipment, net

Property and equipment are stated at cost. We manufacture or construct most of our own rental assets. During the manufacture of these assets, they are reflected as construction in progress until complete. Property and equipment consists of the following:

	March 31,		December 31,
	2020		2019
Land	$	3,203	$	3,203
Buildings and improvements		21,812		21,655
Machinery and equipment		55,826		55,494
Vehicles under finance lease		24,936		24,275
Rental equipment		169,307		161,156
Furniture and fixtures		1,762		1,684
Computers and software		3,475		3,317
Gross property and equipment		280,321		270,784
Less: Accumulated depreciation		(130,853)		(123,397)
Net property and equipment		149,468		147,387
Construction in progress		13,403		14,361
Total property and equipment, net	$	162,871	$	161,748