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Property and Equipment and Rental Fleet
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT AND RENTAL FLEET

NOTE 6 — PROPERTY AND EQUIPMENT AND RENTAL FLEET

Property and equipment, net, consisted of the following:

 

June 30,

 

 

December 31,

 

 

2025

 

 

2024

 

Land

$

3.1

 

 

$

3.0

 

Buildings, equipment, and leasehold improvements:

 

 

 

 

 

Machinery and equipment

 

10.4

 

 

 

9.6

 

Autos and trucks

 

6.3

 

 

 

7.3

 

Buildings and leasehold improvements

 

27.6

 

 

 

25.5

 

Construction in progress

 

7.1

 

 

 

7.0

 

Finance lease right-of-use assets

 

68.5

 

 

 

63.6

 

Office equipment

 

6.0

 

 

 

5.6

 

Computer equipment

 

15.2

 

 

 

14.4

 

Total costs

 

144.2

 

 

 

136.0

 

 

 

 

 

 

Less: accumulated depreciation and amortization property and equipment

 

(62.8

)

 

 

(54.4

)

Property and equipment, net

$

81.4

 

 

$

81.6

 

 

Total depreciation and amortization on property and equipment was $5.1 million and $4.6 million for the three months ended June 30, 2025 and 2024, respectively, and $10.1 million and $8.9 million for the six months ended June 30, 2025 and 2024, respectively.

Rental fleet, net, consisted of the following:

 

June 30,

 

 

December 31,

 

 

2025

 

 

2024

 

Rental fleet

$

569.5

 

 

$

571.2

 

Less: accumulated depreciation rental fleet

 

(214.4

)

 

 

(212.4

)

Rental fleet, net

$

355.1

 

 

$

358.8

 

 

Total depreciation on rental fleet was $23.6 million and $26.8 million for the three months ended June 30, 2025 and 2024, respectively, and $45.7 million and $50.8 million for the six months ended June 30, 2025 and 2024, respectively.