PROPERTY, PLANT, AND EQUIPMENT

6 Months Ended

Jun. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT

There were no material impairments or sales of property, plant, and equipment during the three and six months ended June 30, 2023. During the second quarter of 2023, the Company placed into service approximately $90.4 million of property, plant, and equipment assets related to its previously disclosed dry van manufacturing capacity increase.

During the first quarter of 2022, the Company impaired approximately $1.0 million of construction-in-progress projects that were no longer expected to be completed. In addition, the Company sold a building (and the related land) for net proceeds of $1.1 million. A gain on sale of approximately $0.7 million was recognized as part of the sale. The impairment and gain on sale are included in Impairment and other, net in the Condensed Consolidated Statements of Operations.