Mister Car Wash Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

Property and Equipment, Net

6 Months Ended

Jun. 30, 2021

Property Plant And Equipment [Abstract]

Property and Equipment, Net

. Property and Equipment, Net

Property and equipment, net consisted of the following for the periods presented:


	As of
	June 30, 2021			December 31, 2020
Land	$	23,937		$	28,316
Buildings and improvements		57,226			55,250
Finance leases		16,497			16,497
Leasehold improvements		84,263			83,561
Vehicles and equipment		153,268			143,435
Furniture, fixtures and equipment		66,758			61,350
Construction in progress		35,628			13,187
Property and equipment, gross		437,577			401,596
Less: accumulated depreciation		(157,163	)		(138,238	)
Less: accumulated depreciation - finance leases		(809	)		(324	)
Property and equipment, net	$	279,605		$	263,034

For the three months ended June 30, 2021 and 2020, depreciation expense was $10,237 and $9,422, respectively. For the six months ended June 30, 2021 and 2020, depreciation expense was $20,208 and $18,543, respectively.

For the three months ended June 30, 2021 and 2020, amortization expense on finance leases was $243 and $15, respectively. For the six months ended June 30, 2021 and 2020, amortization expense on finance leases was $485 and $43, respectively.