v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net loss $ (27.0) $ (27.0)
Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities    
Depreciation and amortization 64.1 67.0
Amortization of debt discount and debt issuance costs 2.1 2.3
Gain on sale of property and rental equipment (10.7) (12.4)
Provision for inventory reserves 0.4 3.2
Provision for losses on accounts receivable 1.7 2.5
Loss (gain) on divestitures 0.5 (4.3)
Stock-based compensation expense 2.0 2.0
Changes in deferred income taxes (3.2) (0.9)
Other operating activities (1.1) 0.1
Changes in assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable (29.6) (6.8)
Inventories (61.9) (21.1)
Proceeds from sale of rental equipment - rent-to-sell 50.6 44.8
Prepaid expenses and other assets (4.1) (11.6)
Manufacturers floor plans payable 36.3 (41.0)
Accounts payable, accrued expenses, leases, and other operating liabilities 6.0 (0.2)
Net cash provided by (used in) operating activities 26.1 (3.4)
INVESTING ACTIVITIES    
Expenditures for rental equipment (9.0) (23.7)
Expenditures for property and equipment and intangibles (6.0) (3.9)
Proceeds from sale of property and equipment 1.8 0.3
Proceeds from sale of rental equipment - rent-to-rent 8.7 4.9
Acquisition of businesses, net of cash acquired   (2.9)
Proceeds from divestiture, net 1.5 18.0
Other investing activities (1.0) (1.1)
Net cash used in investing activities (4.0) (8.4)
FINANCING ACTIVITIES    
Proceeds from long-term borrowings 100.3 193.5
Principal payments on long-term debt and finance lease obligations (107.1) (163.9)
Proceeds from non-manufacturer floor plan payable 47.0 46.9
Payments on non-manufacturer floor plan payable (56.6) (52.8)
Preferred stock dividends paid (1.5) (1.5)
Common stock dividends declared and paid   (3.9)
Repurchases of common stock   (6.5)
Other financing activities (1.7) (0.4)
Net cash (used in) provided by financing activities (19.6) 11.4
Effect of exchange rate changes on cash (0.2) 0.2
NET CHANGE IN CASH 2.3 (0.2)
Cash, Beginning of year 18.6 13.4
Cash, End of period 20.9 13.2
Noncash asset purchases:    
Net transfer of assets from inventory to rental fleet 69.1 66.7
Supplemental disclosures of cash flow information    
Cash paid for interest $ 37.1 $ 42.2