Property and Equipment

12 Months Ended

Dec. 31, 2021

Property Plant And Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 6 — PROPERTY AND EQUIPMENT

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

	December 31,			December 31,
	2021			2020
Land	$	2.1		$	0.1
Rental fleet		461.4			418.5
Equipment and leasehold improvements:
Machinery and equipment		7.2			1.5
Autos and trucks		6.6			7.0
Leasehold improvements		10.6			8.7
Finance lease right-of-use assets		15.1			4.0
Office equipment		3.5			3.1
Computer equipment		11.1			9.4
Total Cost	$	517.6		$	452.3
Less: accumulated depreciation and amortization
Rental fleet		(149.8	)		(124.6	)
Equipment, autos and trucks, leasehold improvements, finance leases and office and computer equipment		(23.3	)		(15.8	)
Total accumulated depreciation and amortization		(173.1	)		(140.4	)
	$	344.5		$	311.9

Total depreciation and amortization on property and equipment was $86.7 million and $69.7 million for the years ended December 31, 2021 and 2020, respectively. The Company had assets related to finance leases with gross carrying values totaling $15.1 million and $4.0 million, and accumulated amortization balances totaling $3.8 million and $2.5 million, as of December 31, 2021 and 2020, respectively. Of the $461.4 million and $418.5 million of gross cost of rental fleet, $9.7 million and $13.0 million were represented by guaranteed purchase obligation assets as of December 31, 2021 and 2020, respectively.