Property And Equipment

6 Months Ended

Jun. 30, 2011

Note 6 — Property and Equipment

Property and equipment includes (in thousands):


	June 30, 2011			December 31, 2010
Land	$	1,266		$	1,266
Buildings and leasehold improvements		18,358			18,609
Machinery, equipment and rental tools		43,261			40,247
Equipment in progress		674			1,271
Furniture and fixtures		1,288			1,278
Transportation equipment		4,162			3,648
Computer equipment		1,839			1,895

Property and equipment		70,848			68,214
Less accumulated depreciation		(29,091	)		(25,690	)

Property and equipment, net	$	41,757		$	42,524

Depreciation expense, inclusive of that captured in cost of revenue, totaled $2.0 million and $2.9 million for the second quarter of 2011 and 2010, respectively and totaled $4.0 million and $5.8 million for the June 30, 2011 and 2010 year to date periods, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details