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PROPERTY, PLANT AND EQUIPMENT, NET | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2024 | Dec. 31, 2023
Property, Plant and Equipment [Abstract] |  |
PROPERTY, PLANT AND EQUIPMENT, NET | NOTE 6 – PROPERTY, PLANT AND EQUIPMENT, NET The following table shows the component of property, plant and equipment, net (in thousands):
|  | Estimated Useful Lives (in Years) |  |  | March 31, 2024 |  |  | December 31, 2023 |
Rental tools and equipment |  |  | 5-10 |  |  |  | 195,460 |  |  |  | 188,949 |
Buildings and improvements |  |  | 5-40 |  |  |  | 6,686 |  |  |  | 6,672 |
Office furniture, fixtures and equipment |  |  | 3-5 |  |  |  | 2,269 |  |  |  | 2,389 |
Transportation and equipment |  |  | 3-5 |  |  |  | 783 |  |  |  | 793 |
Total property, plant and equipment |  |  |  |  |  |  | 205,198 |  |  |  | 198,803 |
Less: accumulated deprecation |  |  |  |  |  |  | (134,602 | ) |  |  | (133,003 | )
Property, plant and equipment, net (excluding construction in progress) |  |  |  |  |  |  | 70,596 |  |  |  | 65,800 |
Construction in progress |  |  |  |  |  |  | — |  |  |  | — |
Property, plant and equipment, net |  |  |  |  |  | $ | 70,596 |  |  | $ | 65,800 |
Total depreciation expense for the three months ended March 31, 2024 and 2023 was approximately $5.3 million and $5.0 million, respectively. The Company has not acquired any property, plant and equipment under financing leases. Property, plant and equipment, net, is concentrated within the United States. As of March 31, 2024 and December 31, 2023, property, plant and equipment, net held within the United States was $65.9 million and $63.0 million, respectively, or 93% and 96% of total property, plant and equipment, net. As of March 31, 2024 and December 31, 2023, property, plant and equipment, net held outside of the United States, in Canada and Internationally, was $4.7 million and $2.8 million, respectively, or 7% and 4% of total property, plant and equipment, net. | NOTE 6 – PROPERTY, PLANT AND EQUIPMENT, NET The following table shows the component of property, plant and equipment, net (in thousands):
|  | Estimated Useful Lives (in Years) |  |  | December 31, 2023 |  |  | December 31, 2022 |
Rental tools and equipment |  |  | 5-10 |  |  |  | 188,949 |  |  |  | 160,973 |
Buildings and improvements |  |  | 5-40 |  |  |  | 6,672 |  |  |  | 5,781 |
Office furniture, fixtures and equipment |  |  | 3-5 |  |  |  | 2,389 |  |  |  | 2,101 |
Transportation and equipment |  |  | 3-5 |  |  |  | 793 |  |  |  | 827 |
Total property, plant and equipment |  |  |  |  |  |  | 198,803 |  |  |  | 169,682 |
Less: accumulated depreciation |  |  |  |  |  |  | (133,003 | ) |  |  | (125,537 | )
Property, plant and equipment, net (excluding construction in progress) |  |  |  |  |  |  | 65,800 |  |  |  | 44,145 |
Construction in progress |  |  |  |  |  |  | — |  |  |  | 9 |
Property, plant and equipment, net |  |  |  |  |  | $ | 65,800 |  |  | $ | 44,154 |
Total depreciation expense for the year ended December 31, 2023 and 2022 was approximately $20.3 million and $19.7 million, respectively. The Company has not acquired any property, plant and equipment under capital leases. Property, plant and equipment, net, were concentrated within the United States. As of December 31, 2023 and 2022, property, plant and equipment, net held within the United States was $63.0 million and $41.8 million, respectively, or 96% and 95% of total property, plant and equipment, net, respectively. As of December 31, 2023 and 2022, property, plant and equipment, net held outside of the United States, in Canada, was $2.8 million and $2.3 million, or 4% and 5% of total property, plant and equipment net for both periods.

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