Inventories

12 Months Ended

Dec. 31, 2020

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 5 — INVENTORIES

	December 31,			December 31,
	2020			2019
New equipment	$	153.5		$	89.5
Used equipment		31.4			21.5
Work in process		5.4			3.3
Parts		41.6			24.8
Gross Inventory	$	231.9		$	139.1
Inventory reserve		(2.9	)		(1.9	)
	$	229.0		$	137.2

Direct labor of $1.7 million and $1.2 million incurred for open service orders were capitalized and included in work in process at December 31, 2020 and 2019, respectively. The remaining work in process balances as of December 31, 2020 and 2019, primarily represent parts applied to open service orders. Rental depreciation expense, for new and used equipment inventory under short-term leases with purchase options, was $3.0 and $3.4 million for the year ended December 31, 2020 and 2019, respectively.