Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment

v3.25.0.1
Property and Equipment
12 Months Ended
Dec. 31, 2024
Property and Equipment  
Property and Equipment

4.  PROPERTY & EQUIPMENT

The following table sets forth our property and equipment by class as of December 31, 2024 and 2023, in thousands:

As of December 31, 

2024

2023

Land and improvements

$

7,348

$

7,463

Buildings

47,569

47,384

Equipment

179,187

165,227

Computer hardware and software

164,598

173,709

Company vehicles

286,994

250,561

685,696

644,344

Less:  Accumulated depreciation

(422,475)

(385,435)

Total property and equipment, net

$

263,221

$

258,909

For additions to property and equipment as a result of 2024 acquisitions, see Note 15 – Business Combinations. As of December 31, 2024 and 2023, property and equipment, net on our Consolidated Balance Sheet includes $3.8 million and $5.6 million right of use assets on finance leases, respectively, which is disclosed further in Note 2 – Leases.

Depreciation expense was $66.6 million, $61.6 million and $52.9 million for the years ended December 31, 2024, 2023 and 2022, respectively.