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Rental Equipment, Property and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Schedule of Rental Equipment | Our rental equipment and associated accumulated depreciation as of December 31, 2023 and 2022, respectively, consisted of the following:
| December 31,
| 2023 |  | 2022
| (in thousands)
Compressor units | $ | 514,527 |  |  | $ | 387,145 |
Work-in-progress | 50,867 |  |  | 37,034 |
Rental equipment | 565,394 |  |  | 424,179 |
Accumulated depreciation | (191,745) |  |  | (177,729) |
Rental equipment, net of accumulated depreciation | $ | 373,649 |  |  | $ | 246,450 |
Property and equipment consists of the following at December 31, 2023 and 2022:
|  |  | December 31,
| Useful Lives (Years) |  | 2023 |  | 2022
|  |  | (in thousands)
Land | — |  | $ | 1,680 |  |  | $ | 1,680 |
Building | 39 |  | 19,140 |  |  | 19,166 |
Leasehold improvements | 39 |  | 1,295 |  |  | 1,218 |
Office equipment and furniture | 5 |  | 2,039 |  |  | 2,016 |
Software | 5 |  | 573 |  |  | 573 |
Machinery and equipment | 7 |  | 4,113 |  |  | 4,052 |
Vehicles | 3 |  | 8,770 |  |  | 9,858 |
Work-in-progress |  |  | 589 |  |  | 594 |
Total |  |  | 38,199 |  |  | 39,157 |
Less accumulated depreciation |  |  | (17,649) |  |  | (16,981) |
Total |  |  | $ | 20,550 |  |  | $ | 22,176 |
The following table depicts annual depreciation expense associated with each product line as well as our corporate activities at December 31, 2023 and 2022:
| December 31,
| 2023 |  | 2022
| (in thousands)
Rentals | $ | 25,507 |  |  | $ | 23,243 |
Sales | 260 |  |  | 275 |
Service & Maintenance | 89 |  |  | 33 |
Corporate | 569 |  |  | 440 |
Total | $ | 26,425 |  |  | $ | 23,991 |

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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 + Details
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