Assets held for rent

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Assets held for rent

Assets held for rent

Assets held for rent consist of the following as of September 30, 2023 and December 31, 2022:

	September 30,		December 31,
(In thousands)	2023		2022
Shippers placed in service	$	9,848	$	7,671
Fixed assets held for rent	1,562		4,686
Accumulated depreciation	(5,778)		(4,952)
Subtotal	5,632		7,405
Shippers and related components in production	1,577		1,659
Total	$	7,209	$	9,064

Shippers and related components in production include shippers complete and ready to be deployed and placed in service upon a customer order, shippers in the process of being assembled, and components available to build shippers. We recognized $0.9 million and $2.8 million in depreciation expense related to assets held for rent during the three and nine months ended September 30, 2023, respectively, and $0.9 million and $2.7 million during the three and nine months ended September 30, 2022, respectively.