Property and Equipment

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

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

	March 31, 2017		December 31, 2016
Land	$	20,573	$	21,010
Buildings and improvements	40,222		39,588
Well service units and equipment	102,762		96,365
Frac equipment/test tanks	100,942		75,506
Pumping equipment	90,156		85,247
Fluid services equipment	63,370		57,359
Disposal facilities	48,728		47,507
Contract drilling equipment	12,308		12,257
Rental equipment	33,480		32,582
Light vehicles	13,584		12,722
Software	641		641
Other	3,866		3,885
Construction equipment	1,563		1,485
Brine and fresh water stations	2,756		2,694
	534,951		488,848
Less accumulated depreciation and amortization	24,605		—
Property and equipment, net	$	510,346	$	488,848

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 consists of the following (in thousands):

	March 31, 2017		December 31, 2016
Fluid services equipment	$	29,186	$	29,372
Pumping equipment	12,044		12,806
Light vehicles	5,618		5,729
Contract drilling equipment	906		999
Well service units and equipment	—		—
Construction equipment	28		28
	47,782		48,934
Less accumulated amortization	3,518		—
	$	44,264	$	48,934

Amortization of assets held under capital leases of approximately $3.7 million and $9.6 million for the three months ended March 31, 2017 and 2016, respectively is included in depreciation and amortization expense in the consolidated statements of operations.