Assets held for rent

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Assets held for rent

Assets held for rent

Assets held for rent consist of the following as of December 31, 2024 and 2023:

(In thousands)	2024		2023
Shippers placed in service	$	9,505	$	9,866
Accumulated depreciation	(6,499)		(5,600)
Net	3,006		4,266
Shippers and related components in production	3,097		2,651
Total	$	6,103	$	6,917

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 $2.1 million, $2.9 million, and $2.8 million in depreciation expense related to assets held for rent during the years ended December 31, 2024, 2023, and 2022, respectively.