v3.25.2
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ (21,377) $ 38,769
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 28,580 30,648
Amortization of intangible assets 6,731 6,730
Noncash operating lease expense 4,492 5,386
Accretion of asset retirement obligation 65 77
Amortization of deferred financing costs 424 540
Amortization of original issue discount 440 846
Change in fair value of warrant liabilities   (675)
Loss on extinguishment of debt 2,370  
Stock-based compensation expense 3,806 4,083
Loss on disposal of specialty rental assets and other property, plant and equipment 27 23
Deferred income taxes (4,844) 1,099
Provision for credit losses on receivables, net of recoveries 37 55
Changes in operating assets and liabilities    
Accounts receivable (8,200) 18,790
Prepaid expenses and other assets 2,957 3,675
Accounts payable and other accrued liabilities (4,095) (13,458)
Deferred revenue and customer deposits 7,809 (2,213)
Operating lease obligation (4,201) (5,301)
Other non-current assets and liabilities (20) 622
Net cash provided by operating activities 15,001 89,696
Cash flows from investing activities:    
Purchase of specialty rental assets (24,261) (15,918)
Purchase of property, plant, and equipment (650) (261)
Proceeds from sale of specialty rental assets and other property, plant and equipment   42
Net cash used in investing activities (24,911) (16,137)
Cash flows from financing activities:    
Principal payments on finance and finance lease obligations (1,184) (824)
Principal payments on borrowings from ABL Facility (51,000)  
Repayment of 2025 Senior Secured Notes (181,446)  
Repurchase of Common Stock   (21,137)
Proceeds from borrowings on ABL Facility 75,000  
Distributions paid to noncontrolling interest (126)  
Proceeds from issuance of Common Stock from exercise of warrants   3
Proceeds from issuance of Common Stock from exercise of options   1,386
Payment of debt extinguishment premium costs (1,814)  
Taxes paid related to net share settlement of equity awards (973) (2,615)
Net cash used in financing activities (161,543) (23,187)
Effect of exchange rate changes on cash and cash equivalents 22 (5)
Net increase (decrease) in cash and cash equivalents (171,431) 50,367
Cash and cash equivalents - beginning of period 190,668 103,929
Cash and cash equivalents - end of period 19,237 154,296
Supplemental Cash Flow Information:    
Decrease in accrued distributions to noncontrolling interest 11  
Decrease in accrued capital expenditures 461  
Non-cash investing and financing activity:    
Non-cash change in accrued capital expenditures   (1,109)
Non-cash change in accrued excise tax on repurchase of Common Stock   (126)
Non-cash change in finance lease terminations 110  
Non-cash change in finance lease obligations (2,738) (1,054)
Non-cash change in accrued proceeds from the issuance of Common Stock from the exercise of options   $ 428
Non-cash change in accrual of tax withholdings for net share settlement of equity awards $ (1,263)