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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment  
Property, Plant and Equipment

Note 8: Property, Plant and Equipment

Property, plant and equipment are presented at cost net of accumulated depreciation and consist of the following:

December 31, 

    

2024

    

2023

(in thousands)

  

  

Land

$

19,802

$

18,165

Buildings and leasehold improvements

 

132,871

 

129,513

Operating equipment

 

884,793

 

784,826

Computer software

 

19,297

 

19,535

Furniture and fixtures

 

5,157

 

5,298

Vehicles

 

311,823

 

288,735

Gross property, plant and equipment

 

1,373,743

 

1,246,072

Less: accumulated depreciation

 

(860,227)

 

(810,933)

Net property, plant and equipment

$

513,516

$

435,139

Depreciation expense was $130.5 million in 2024, $107.3 million in 2023, and $82.2 million in 2022. The Company transferred inventory to property, plant and equipment totaling $17.0 million in 2024 and $10.9 million in 2023 and $9.9 million in 2022.