XML 30 R15.htm IDEA: XBRL DOCUMENT v3.25.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

3. PROPERTY AND EQUIPMENT

Property and equipment at December 31, 2024 and 2023 are as follows:

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Land

 

$

9,348

 

 

$

9,348

 

Buildings and improvements

 

 

1,315

 

 

 

1,314

 

Furniture and fixtures

 

 

21,197

 

 

 

20,090

 

Operating equipment

 

 

922,402

 

 

 

803,954

 

Construction in progress

 

 

264,525

 

 

 

264,674

 

Total property and equipment

 

 

1,218,787

 

 

 

1,099,380

 

Accumulated depreciation

 

 

(515,535

)

 

 

(484,772

)

Property and equipment—net

 

$

703,252

 

 

$

614,608

 

 

The Company had no assets classified as held for sale as of December 31, 2024. Operating equipment of $2,227 was classified as held for sale, excluded from property and equipment, as of December 31, 2023. Other (gains) losses in the consolidated statement of operations for the year ended December 31, 2023 includes $886 of loss related to the retirement of assets which were classified as held for sale as of December 31, 2023.

 

Depreciation expense was $42.7 million, $42.5 million and $46.3 million, for the years ended December 31, 2024, 2023 and 2022, respectively.