SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

The table below shows a summary of allowance for credit losses during the year ended December 31, 2022:


($ in thousands)
	2022		2021		2020

Balance - January 1, 2022	$	217	$	1,497	$	1,049
Provision for credit losses during the period	202		282		448
Write-off during the period	—		(1,562)		—
Balance - December 31, 2022	$	419	$	217	$	1,497

Depreciation of property and equipment is provided on the straight‑line method over the following estimated useful lives:


Land			Indefinite
Buildings and property improvements			5 - 30 years
Vehicles			1 ‑ 5 years
Equipment			1 ‑ 22 years
Leasehold improvements			5 ‑ 20 years

Property and equipment consisted of the following:


($ in thousands)
	December 31,
	2022		2021
Land	$	11,793	$	10,551
Buildings	34,298		30,045
Equipment and vehicles	1,397,727		1,248,464
Leasehold improvements	8,573		8,159
Subtotal	1,452,391		1,297,219
Less accumulated depreciation	(529,656)		(488,725)
Property and equipment — net	$	922,735	$	808,494