v3.26.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net Income (Loss) $ 6,297 $ (46,171)
Adjustments to reconcile net income (loss) to net cash flow from operating activities:    
Depreciation and amortization 137,106 128,168
Amortization of debt issuance costs 2,197 2,222
Provision for losses on accounts receivable 5,233 5,008
Share-based compensation 4,610 4,179
Gain on sales and disposals of rental equipment (27,137) (21,599)
Deferred tax expense (benefit) (1,293) 7,653
Changes in assets and liabilities:    
Accounts and financing receivables (50,148) 23,375
Inventories (112,587) (37,760)
Prepaids, operating leases and other (114) (14,541)
Accounts payable 25,931 39,504
Accrued expenses and other liabilities (1,090) 18,368
Floor plan payables - trade, net 77,991 77,776
Customer deposits and deferred revenue 1,190 (4,829)
Net cash flow from operating activities 68,186 181,353
Investing Activities    
Purchases of rental equipment (191,584) (225,299)
Proceeds from sales and disposals of rental equipment 106,987 93,967
Purchase of non-rental property and cloud computing arrangements (21,627) (8,475)
Net cash flow for investing activities (106,224) (139,807)
Financing Activities    
Borrowings under revolving credit facilities 135,300 144,269
Repayments under revolving credit facilities (118,392) (56,694)
Principal payments on long-term debt (4,454) (4,523)
Acquisition of inventory through floor plan payables - non-trade 263,194 237,812
Repayment of floor plan payables - non-trade (232,395) (326,725)
Repurchase of common stock 0 (32,575)
Share-based payments (1,957) (1,453)
Net cash flow from (for) financing activities 41,296 (39,889)
Effect of exchange rate changes on cash and cash equivalents 756 (203)
Net Change in Cash and Cash Equivalents 4,014 1,454
Cash and Cash Equivalents at Beginning of Period 6,273 3,805
Cash and Cash Equivalents at End of Period 10,287 5,259
Supplemental Cash Flow Information    
Interest paid 71,846 77,619
Income taxes paid, net 183 697
Non-Cash Investing and Financing Activities    
Property and equipment purchases in accounts payable 2,236 1,052
Rental equipment sales in accounts receivable $ 739 $ 1,775