v3.24.0.1
Property and Equipment
12 Months Ended
Dec. 31, 2023
Property and Equipment  
Property and Equipment

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4.  PROPERTY & EQUIPMENT

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The following table sets forth our property and equipment by class as of December 31, 2023 and 2022, in thousands:

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As of December 31, 

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2023

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2022

Land and improvements

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$

7,463

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$

7,437

Buildings

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47,384

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47,384

Equipment

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165,227

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150,674

Computer hardware and software

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173,709

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167,897

Company vehicles

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250,561

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214,137

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644,344

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587,529

Less:  Accumulated depreciation

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(385,435)

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(340,692)

Total property and equipment, net

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$

258,909

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$

246,837

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For additions to property and equipment as a result of 2023 acquisitions, see Note 15 – Business Combinations. As of December 31, 2023 and 2022, property and equipment, net on our Consolidated Balance Sheet includes $5.6 million and $6.6 million right of use assets on finance leases, respectively, which is disclosed further in Note 2 – Leases.

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Depreciation expense was $61.6 million, $52.9 million and $42.9 million for the years ended December 31, 2023, 2022 and 2021, respectively.