Note 12 - Property and Equipment, Net

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

12.  Property and Equipment, net

Balances of major classes of assets and total accumulated depreciation and depletion are included in property and equipment, net in the condensed consolidated balance sheets and were as follows:

(in thousands)	June 30, 2021		December 31, 2020		June 30, 2020
Equipment and vehicles	$	991,812	$	950,416	$	959,083
Quarry property		195,284		206,073		196,033
Land and land improvements		127,417		135,639		135,707
Buildings and leasehold improvements		122,343		124,578		121,387
Office furniture and equipment		76,682		73,512		69,258
Property and equipment		1,513,538		1,490,218		1,481,468
Less: accumulated depreciation and depletion		996,395		963,202		941,415
Property and equipment, net	$	517,143	$	527,016	$	540,053

On June 30, 2021, we completed a sale-leaseback transaction associated with two properties in California. Sale of these properties resulted in a reduction in net property and equipment of $11.1 million and a $2.4 million addition to right of use assets and lease liabilities on the condensed consolidated balance sheets, as well as a $29.7 million gain on sales of property and equipment on the condensed consolidated statements of operations.