Property and Equipment

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 6. PROPERTY AND EQUIPMENT

A summary of property and equipment as of September 30, 2024 and December 31, 2023 is as follows:

(in thousands)	September 30, 2024			December 31, 2023
Land	$	27,672		$	1,832
Buildings, building improvements and leasehold improvements		75,963			19,481
Manufacturing machinery and equipment		63,032			35,669
Rental tools		34,581			24,444
Office equipment and computer software		4,334			1,653
Vehicles		20,899			13,451
Right of use leases – finance		20,289			16,588
Total Property and equipment		246,770			113,118
Less: Accumulated depreciation and amortization		(64,540	)		(60,694	)
Net Property and equipment	$	182,230		$	52,424