Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.10.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property and Equipment  
Property and Equipment

3.  PROPERTY & EQUIPMENT

 

The following table sets forth our property and equipment by class as of December 31, 2018 and 2017, in thousands:

 

 

 

 

 

 

 

 

 

 

As of December 31, 

 

 

2018

 

2017

Land and improvements

 

$

7,649

 

$

7,846

Buildings

 

 

38,933

 

 

40,515

Equipment

 

 

115,261

 

 

96,580

Computer hardware and software

 

 

132,719

 

 

125,984

Company vehicles

 

 

94,896

 

 

41,298

 

 

 

389,458

 

 

312,223

Less:  Accumulated depreciation

 

 

(221,497)

 

 

(205,102)

Total property and equipment, net

 

$

167,961

 

$

107,121

 

For additions to property and equipment as a result of 2018 acquisitions, see Note 16 – Business Combinations.

 

Total property and equipment, net as of December 31, 2018 excludes $0.9 million of assets held for sale related to a property acquired in the USI acquisition in which management committed to a plan of sale in the fourth quarter of 2018. These assets held for sale are included in prepaid expenses and other current assets on the Consolidated Balance Sheet as of December 31, 2018.

 

Depreciation expense was $23.7 million, $13.5 million, and $11.2 million for the years ended December 31, 2018, 2017, and 2016, respectively.