Rental Equipment, net

3 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Rental equipment, net, at the respective balance sheet dates consisted of the following:



(in thousands)	March 31, 2018			December 31, 2017
Modular units and portable storage	$	1,427,969		$	1,385,901
Value added products and services	62,648			59,566
Total rental equipment	1,490,617			1,445,467
Less: accumulated depreciation	(424,629		)	(405,321		)
Rental equipment, net	$	1,065,988		$	1,040,146

During the three months ended March 31, 2018, the Company received $7.5 million in insurance proceeds related to assets damaged during Hurricane Harvey. The insurance proceeds exceeded the book value of damaged assets, and the Company recorded a $3.0 million gain which is reflected in other (income) expense, net, on the condensed consolidated statements of operations for the three months ended March 31, 2018.