Property and Equipment
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
The following table summarizes the components of property and equipment for the years ended December 31, 2019, and 2018. Prior year amounts are adjusted for the discontinued pumping services and contract drilling operations (in thousands):
 December 31,
Property and Equipment:20192018
Land$15,682  $14,601  
Buildings and improvements30,902  30,108  
Well service units and equipment130,318  122,236  
Disposal facilities87,763  63,229  
Fluid services equipment79,024  78,501  
Rental equipment60,886  48,319  
Pumping equipment47,083  49,265  
Light vehicles26,630  23,063  
Fracturing/test tanks6,153  6,001  
Brine and fresh water stations4,340  3,295  
Other3,948  3,984  
Software896  857  
  Sub-total493,625  443,459  
Less accumulated depreciation and amortization(196,512) (134,289) 
Property and equipment, net$297,113  $309,170  

Basic is obligated under various capital leases for certain vehicles and equipment that expire at various dates during the next five years. The table below summarizes the gross amount of property and equipment and related accumulated amortization recorded under capital leases and included above (in thousands):
 December 31,
Property and Equipment:20192018
Fluid services equipment$34,499  $35,034  
Light vehicles19,563  15,631  
Pumping equipment16,576  16,920  
Rental equipment1,130  —  
  Sub-total71,768  67,585  
Less accumulated amortization(27,727) (16,634) 
  Property and equipment, net$44,041  $50,951  

During the period ended December 31, 2019, based on the Company's evaluation of the demand for pressure pumping and contract drilling services, the Company's management decided to divest all of Basic's contract drilling rigs, a majority of pressure pumping equipment and related ancillary equipment, with a net book value of $91.8 million. The Company determined that the carrying value of these assets may not be fully recoverable upon liquidation. The fair value of assets was determined after considering offers to purchase assets in an orderly transaction, third-party estimates, and management's estimates based on comparable sales. As a result of the Company's evaluation of the fair value of assets, an impairment of $35.8 million was recognized within discontinued operations on the consolidated statement of operations during the year ended December 31, 2019, with the remaining net book value transferred to assets held for sale. Basic's estimate of expected cash flows which may result from the sale of equipment may differ from actual cash received due to excess capacity in the industry.