Property and Equipment, net

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Property and equipment are stated at cost. We manufacture or construct most of our rental equipment 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, 2023		December 31, 2022
Land	$	16,442	$	5,302
Buildings and improvements	131,155		25,480
Machinery and equipment	114,293		57,883
Reels and skids	18,036		—
Vehicles	32,839		29,045
Rental equipment	216,136		194,088
Furniture and fixtures	1,906		1,759
Computers and software	3,707		3,068
Gross property and equipment	534,514		316,625
Less: Accumulated depreciation	(204,366)		(200,573)
Net property and equipment	330,148		116,052
Construction in progress	21,154		13,946
Total property and equipment, net	$	351,302	$	129,998