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Rental Equipment, net
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Rental Equipment, net Rental Equipment, net
Rental equipment, net at December 31 consisted of the following:
(in thousands)20242023
Modular space units$3,658,086 $3,541,451 
Portable storage units1,070,025 1,009,059 
Value-added products220,205 204,933 
Total rental equipment4,948,316 4,755,443 
Less: accumulated depreciation(1,570,377)(1,374,128)
Rental equipment, net$3,377,939 $3,381,315 
The Company had rental equipment in the following geographic areas at December 31:
(in thousands)20242023
US$4,532,692 $4,311,256 
Canada374,446 396,127 
Mexico41,178 48,060 
Total rental equipment4,948,316 4,755,443 
Less: accumulated depreciation(1,570,377)(1,374,128)
Rental equipment, net$3,377,939 $3,381,315 
Property, Plant and Equipment, net
Property, plant and equipment, net at December 31 consisted of the following:
(in thousands)20242023
Land, buildings, and leasehold improvements$184,475 $178,117 
Vehicles and equipment272,587 233,793 
Office furniture, fixtures and software119,622 109,460 
Total property, plant and equipment576,684 521,370 
Less: accumulated depreciation(213,611)(180,483)
Property, plant and equipment, net$363,073 $340,887 
Depreciation expense related to property, plant and equipment was $44.3 million, $47.1 million, and $38.6 million for the years ended December 31, 2024, 2023 and 2022, respectively. The depreciation expense for these assets was presented in other depreciation and amortization in the consolidated statements of operations. As of December 31, 2024 and 2023, the gross cost of property, plant and equipment assets under finance leases was $177.6 million and $133.3 million, respectively, with related accumulated depreciation of $52.5 million and $40.8 million, respectively.