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Property, Plant and Equipment, net (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment, net

Depreciation is computed using the straight-line method over estimated useful lives, as follows:

			Estimated Useful Life						Residual Value
Modular space units			10 - 30 years						20 - 55%
Portable storage units			7 - 30 years						20 - 55%
VAPS and other related rental equipment			1 - 10 years						0%

Depreciation is computed using the straight-line method over estimated useful lives as follows:

			Estimated Useful Life
Buildings and leasehold improvements			10 - 40 years
Vehicles, machinery, and equipment			3 - 30 years
Furniture and fixtures			3 - 10 years
Software			3 - 10 years

Rental equipment, net at December 31 consisted of the following:

(in thousands)			2023						2022
Modular space units			$	3,541,451					$	3,197,779
Portable storage units			1,009,059						849,193
Value added products			204,933						203,444
Total rental equipment			4,755,443						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 at December 31 consisted of the following:

(in thousands)			2023						2022
Land, buildings, and leasehold improvements			$	178,117					$	174,322
Vehicles and equipment			233,793						167,337
Office furniture, fixtures and software			109,460						106,747
Total property, plant and equipment			521,370						448,406
Less: accumulated depreciation			(180,483)						(143,747)
Property, plant and equipment, net			$	340,887					$	304,659

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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