TopBuild Corp. Annual report pursuant to Section 13 and 15(d)

Property and Equipment

12 Months Ended

Dec. 31, 2020

4. PROPERTY & EQUIPMENT

The following table sets forth our property and equipment by class as of December 31, 2020 and 2019, in thousands:


	As of December 31,
	2020		2019
Land and improvements	$	7,436	$	7,597
Buildings		39,562		39,715
Equipment		120,643		121,738
Computer hardware and software		142,427		135,938
Company vehicles		137,593		116,069
		447,661		421,057
Less: Accumulated depreciation		(267,608)		(242,977)
Total property and equipment, net	$	180,053	$	178,080

For additions to property and equipment as a result of 2020 acquisitions, see Note 16 – Business Combinations.

Depreciation expense was $40.5 million, $31.9 million, and $23.7 million for the years ended December 31, 2020, 2019, and 2018, respectively.