v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash $ 20.9 $ 18.6
Accounts receivable, net of allowances of $10.8 and $11.3 as of June 30, 2026 and December 31, 2025, respectively 213.2 186.7
Inventories, net 456.0 473.3
Prepaid expenses and other current assets 34.8 31.6
Total current assets 724.9 710.2
NON-CURRENT ASSETS    
Property and equipment, net 65.7 73.3
Rental fleet, net 300.4 313.7
Operating lease right-of-use assets, net 101.7 108.3
Goodwill 77.2 77.8
Other intangible assets, net 45.2 48.0
Other assets 7.4 5.0
TOTAL ASSETS 1,322.5 1,336.3
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)    
Current portion of long-term debt 10.9 11.0
Accounts payable 84.5 77.7
Customer deposits 12.4 15.0
Accrued expenses 46.8 45.3
Current operating lease liabilities 15.0 15.0
Current deferred revenue 11.9 13.7
Other current liabilities 3.2 4.0
Total current liabilities 524.1 495.0
NON-CURRENT LIABILITIES    
Lines of credit, net 209.6 211.3
Long-term debt, net of current portion 486.3 484.5
Finance lease obligations, net of current portion 23.8 28.2
Deferred revenue, net of current portion 4.9 5.0
Long-term operating lease liabilities, net of current portion 93.9 100.1
Deferred tax liabilities 11.3 14.6
Other liabilities 4.8 6.4
TOTAL LIABILITIES 1,358.7 1,345.1
CONTINGENCIES - NOTE 11
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred stock, $0.0001 par value per share, 1,000,000 shares authorized, 1,200 shares issued and outstanding at both June 30, 2026 and December 31, 2025 (1,200,000 Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock)
Common stock, $0.0001 par value per share, 200,000,000 shares authorized; 32,553,179 and 32,153,525 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively
Additional paid-in capital 250.8 248.4
Treasury stock at cost, 2,904,614 shares of common stock held at both June 30, 2026 and December 31, 2025 (19.2) (19.2)
Accumulated deficit (264.8) (236.4)
Accumulated other comprehensive loss (3.0) (1.6)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) (36.2) (8.8)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,322.5 1,336.3
New Equipment    
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)    
Floor plan payable 254.2 241.0
Used and Rental Equipment    
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)    
Floor plan payable $ 85.2 $ 72.3