Property And Equipment

6 Months Ended

Jun. 30, 2013

Property Plant And Equipment [Abstract]

4. Property and Equipment

Property and equipment consisted of the following (in thousands):



	June 30, 2013		December 31, 2012
Land	$	20,764	$	16,338
Buildings and improvements		58,808		53,831
Well service units and equipment		496,712		487,785
Fluid services equipment		235,408		218,933
Brine and fresh water stations		13,877		14,101
Frac/test tanks		275,474		274,311
Pressure pumping equipment		289,636		277,529
Construction equipment		15,362		15,657
Contract drilling equipment		104,542		105,992
Disposal facilities		141,124		119,903
Vehicles		63,518		61,802
Rental equipment		68,623		65,047
Aircraft		—		4,151
Software		23,313		23,921
Other		16,417		19,054
		1,823,578		1,758,357
Less accumulated depreciation and amortization		871,359		814,591
Property and equipment, net	$	952,219	$	943,766

Basic is obligated under various capital leases for certain vehicles and equipment that expire at various dates during the next five years. The gross amount of property and equipment and related accumulated amortization recorded under capital leases and included above consisted of the following (in thousands):



	June 30, 2013		December 31, 2012
Light vehicles	$	35,365	$	31,180
Contract Drilling		4,223		4,223
Well service units and equipment		1,408		1,748
Fluid services equipment		114,838		105,932
Pressure pumping equipment		28,499		29,253
Construction equipment		942		974
Software		17,120		17,120
Other		99		344
		202,494		190,774
Less accumulated amortization		67,711		63,194
	$	134,783	$	127,580

Amortization of assets held under capital leases of approximately $ 7.6 million and $ 7.1 million for the three months ended June 30, 2013 and 2012, respectively, and $ 14.9 million and $ 13.4 million for the six months ended June 30, 2013 and 2012, respectively, is included in depreciation and amortization expense in the consolidated statements of operations.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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