Property and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 6 — PROPERTY AND EQUIPMENT

Property and equipment, net, consisted of the following:

	December 31, 2023			December 31, 2022
Land	$	2.1		$	2.1
Rental fleet		600.8			516.4
Buildings, equipment, and leasehold improvements:
Machinery and equipment		8.5			8.6
Autos and trucks		7.7			7.1
Buildings and leasehold improvements		20.8			15.6
Construction in progress		6.1			4.3
Finance lease right-of-use assets		48.4			24.4
Office equipment		4.9			4.7
Computer equipment		13.3			13.1
Total cost		712.6			596.3
Less: accumulated depreciation and amortization:
Rental fleet		(209.4	)		(187.4	)
Buildings, equipment, autos and trucks, leasehold improvements, finance leases and office and computer equipment		(38.4	)		(31.1	)
Total accumulated depreciation and amortization		(247.8	)		(218.5	)
Property and equipment, net	$	464.8		$	377.8

Total depreciation and amortization on property and equipment was $111.3 million, $98.5 million, and $86.7 million for the years ended December 31, 2023, 2022 and 2021, respectively. The Company had assets related to finance leases with gross carrying values totaling $48.4 million and $24.4 million, and accumulated amortization balances totaling $10.8 million and $5.4 million, as of December 31, 2023 and 2022, respectively. Of the $600.8 million and $516.4 million of gross cost of rental fleet, $8.9 million and $11.8 million were represented by guaranteed purchase obligation assets as of December 31, 2023 and 2022, respectively.