Assets held for rent

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Assets held for rent

Assets held for rent

Assets held for rent consist of the following as of June 30, 2023 and December 31, 2022:

(In thousands)	2023		2022
Shippers placed in service	$	9,550	$	7,671
Fixed assets held for rent	4,686		4,686
Accumulated depreciation	(6,171)		(4,952)
Subtotal	8,065		7,405
Shippers and related components in production	1,352		1,659
Total	$	9,417	$	9,064

Shippers and related components in production include shippers complete and ready to be deployed and placed in service upon a customer order, shippers in the process of being assembled, and components available to build shippers. We recognized $1.0 million and $1.9 million in depreciation expense related to assets held for rent during the three and six months ended June 30, 2023, respectively, and $0.9 million and $1.8 million during the three and six months ended June 30, 2022, respectively.