TEAM INC PP&E Disclosure
| December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Land | $ | 4,006 | $ | 4,006 | |||||||
| Buildings and leasehold improvements | 61,868 | 60,642 | |||||||||
| Machinery and equipment | 304,618 | 289,384 | |||||||||
| Furniture and fixtures | 11,063 | 10,675 | |||||||||
| Capitalized ERP system development costs | 45,903 | 45,903 | |||||||||
| Computers and computer software | 19,945 | 19,067 | |||||||||
| Automobiles | 3,163 | 2,723 | |||||||||
| Construction in progress | 2,729 | 757 | |||||||||
| Total | $ | 453,295 | $ | 433,157 | |||||||
| Accumulated depreciation and amortization | (342,667) | (320,322) | |||||||||
| Property, plant, and equipment, net | $ | 110,628 | $ | 112,835 | |||||||
| Twelve Months Ended December 31, | ||||||||||||||
| 2025 | 2024 | |||||||||||||
| Depreciation expense: | ||||||||||||||
| Amount included in operating expenses | $ | 12,110 | $ | 13,659 | ||||||||||
| Amount included in SG&A expenses | 6,468 | 6,844 | ||||||||||||
| Total depreciation expense | $ | 18,578 | $ | 20,503 | ||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 19, 2025 | |
| 2023 | Mar 7, 2024 | |
| 2022 | Mar 14, 2023 | |
| 2021 | Mar 16, 2022 | |
| 2020 | Mar 12, 2021 | |
| 2019 | Mar 16, 2020 | |
| 2018 | Mar 19, 2019 | |
| 2017 | Mar 15, 2018 | |
| 2016 | Mar 16, 2017 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.