PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

3. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following (in thousands):
	December 31,
	2023			2022
Land and land improvements	$	8,579		$	7,245
Buildings and improvements		10,503			9,536
Machinery and equipment		16,240			15,139
Rental equipment		11,645			10,264
Total property and equipment		46,967			42,184
Less: accumulated depreciation and amortization		(19,287	)		(17,060	)
Property and equipment, net of accumulated depreciation and amortization	$	27,680		$	25,124

Depreciation expense and amortization (in thousands) was approximately $2,378 and $2,892 for the years ended December 31, 2023 and 2022, respectively.