Quarterly report pursuant to Section 13 or 15(d)

ASSETS HELD FOR SALE

v3.20.2
ASSETS HELD FOR SALE
9 Months Ended
Sep. 30, 2020
Assets Held For Sale Not Part Of Disposal Group [Abstract]  
ASSETS HELD FOR SALE

3. ASSETS HELD FOR SALE

Our assets held for sale at September 30, 2020, primarily consisted of three 660-ton crawler cranes.  A summary of our assets held for sale at September 30, 2020 and December 31, 2019, is as follows (in thousands):

 

 

 

September 30,

 

 

December 31,

 

Assets Held for Sale

 

2020

 

 

2019

 

Machinery and equipment

 

$

14,239

 

 

$

17,618

 

Accumulated depreciation

 

 

(6,580

)

 

 

(8,612

)

Total

 

$

7,659

 

 

$

9,006

 

 

During the three months ended September 30, 2020 and nine months ended September 30, 2020 and 2019, we received proceeds of $0.6 million, $1.7 million and $0.4 million, respectively, from the sale of assets held for sale.  During both the three and nine months ended September 30, 2020, we recognized a loss of $0.1 million from the sale of assets held for sale.  During the three months ended September 30, 2019, we recorded impairments of $0.3 million related to assets that were held for sale, and during the nine months ended September 30, 2019, we recognized a gain of $0.4 million from the sale of assets held for sale and recorded impairments of $0.6 million related to assets that were held for sale.