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Asset Held for Sale
3 Months Ended
Dec. 31, 2022
Disposal Group, Including Discontinued Operation, Assets [Abstract]  
Assets Held For Sale

7. Asset Held for Sale

During the first quarter of fiscal year 2023, the Company entered into a contract to sell its property located at 6410 Langfield Road in Houston, Texas. The facility provides additional warehousing and maintenance and repair capacity for the Company's marine rental equipment operations. The Company plans on relocating the operations of this facility to its 7700 Pinemont Drive facility in Houston, Texas as part of its cost reductions efforts. The property's carrying value at December 31, 2022 was $2.4 million. The Company believes the fair market value of the property exceeds its carrying value. The contract provides for closing to occur before the end of the Company's second quarter of fiscal year 2023.