Property and Equipment

3 Months Ended

Mar. 31, 2022

Property Plant And Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 6 — PROPERTY AND EQUIPMENT

Property and equipment, net, consisted of the following (amounts in millions):

	March 31,			December 31,
	2022			2021
Land	$	2.1		$	2.1
Rental fleet		457.9			461.4
Equipment and leasehold improvements:
Machinery and equipment		7.6			7.2
Autos and trucks		6.8			6.6
Leasehold improvements		11.4			10.6
Finance lease right-of-use assets		16.4			15.1
Office equipment		3.6			3.5
Computer equipment		11.3			11.1
Total cost	$	517.1		$	517.6
Less: accumulated depreciation and amortization
Rental fleet	$	(154.9	)	$	(149.8	)
Equipment, autos and trucks, leasehold improvements, finance leases and office and computer equipment		(25.2	)		(23.3	)
Total accumulated depreciation and amortization	$	(180.1	)	$	(173.1	)
Property and equipment, net	$	337.0		$	344.5

Total depreciation and amortization on property and equipment was $21.4 million and $18.5 million for the three months ended March 31, 2022 and March 31, 2021, respectively. The Company had assets related to finance leases with gross carrying values totaling $16.4 million and $15.1 million, and accumulated amortization balances totaling $4.3 million and $3.8 million, as of March 31, 2022 and December 31, 2021, respectively. Of the $457.9 million and $461.4 million of gross cost of rental fleet, $10.7 million and $9.7 million were represented by guaranteed purchase obligation assets as of March 31, 2022 and December 31, 2021, respectively.