Property and Equipment

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 6 — PROPERTY AND EQUIPMENT

Property and equipment, net, consisted of the following:

	March 31,			December 31,
	2024			2023
Land	$	3.2		$	2.1
Rental fleet		609.3			600.8
Buildings, equipment, and leasehold improvements:
Machinery and equipment		9.1			8.5
Autos and trucks		7.6			7.7
Buildings and leasehold improvements		21.8			20.8
Construction in progress		5.8			6.1
Finance lease right-of-use assets		52.9			48.4
Office equipment		5.3			4.9
Computer equipment		14.3			13.3
Total cost		729.3			712.6
Less: accumulated depreciation and amortization:
Rental fleet		(210.2	)		(209.4	)
Buildings, equipment, autos and trucks, leasehold improvements, finance leases and office and computer equipment		(42.1	)		(38.4	)
Total accumulated depreciation and amortization		(252.3	)		(247.8	)
Property and equipment, net	$	477.0		$	464.8

Total depreciation and amortization on property and equipment was $28.3 million and $23.4 million for the three months ended March 31, 2024 and 2023, respectively. The Company had assets related to finance leases with gross carrying values totaling $52.9 million and $48.4 million, and accumulated amortization balances totaling $12.7 million and $10.8 million, as of March 31, 2024 and December 31, 2023, respectively.