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Property, Plant and Equipment, net
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, net Rental Equipment, net
Rental equipment, net at December 31 consisted of the following:
(in thousands)20232022
Modular space units$3,541,451 $3,197,779 
Portable storage units1,009,059 849,193 
Value added products204,933 203,444 
Total rental equipment4,755,443 4,250,416 
Less: accumulated depreciation(1,374,128)(1,173,129)
Rental equipment, net$3,381,315 $3,077,287 
Property, Plant and Equipment, net
Property, plant and equipment, net at December 31 consisted of the following:
(in thousands)20232022
Land, buildings, and leasehold improvements$178,117 $174,322 
Vehicles and equipment233,793 167,337 
Office furniture, fixtures and software109,460 106,747 
Total property, plant and equipment521,370 448,406 
Less: accumulated depreciation(180,483)(143,747)
Property, plant and equipment, net$340,887 $304,659 
Depreciation expense related to property, plant and equipment was $47.1 million, $38.6 million, and $37.5 million for the years ended December 31, 2023, 2022 and 2021, respectively. The depreciation expense for these assets was presented in other depreciation and amortization in the consolidated statements of operations.
As of December 31, 2023 and 2022, the gross cost of property, plant and equipment assets under finance leases was $133.3 million and $84.7 million, respectively, with related accumulated depreciation of $40.8 million and $26.9 million, respectively.