v3.26.3
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating Activities    
Net Income (Loss) $ 8,602 $ (51,927)
Adjustments to reconcile net income (loss) to net cash flow from operating activities:    
Depreciation and amortization 206,105 195,010
Amortization of debt issuance costs 3,304 3,289
Provision for losses on accounts receivable 2,937 7,429
Share-based compensation 7,879 6,259
Gain on sales and disposals of rental equipment (36,996) (32,177)
Deferred tax expense (benefit) (2,137) 6,974
Changes in assets and liabilities:    
Accounts and financing receivables (3,951) 28,929
Inventories (83,378) 15,753
Prepaids, operating leases and other 3,239 5,610
Accounts payable 34,513 17,582
Accrued expenses and other liabilities 19,071 22,205
Floor plan payables - trade, net 68,105 36,675
Customer deposits and deferred revenue 4,367 1,193
Net cash flow from operating activities 231,660 262,804
Investing Activities    
Purchases of rental equipment (352,578) (348,923)
Proceeds from sales and disposals of rental equipment 153,819 138,749
Purchase of non-rental property and cloud computing arrangements (34,155) (23,612)
Net cash flow for investing activities (232,914) (233,786)
Financing Activities    
Borrowings under revolving credit facilities 205,414 260,581
Repayments under revolving credit facilities (193,393) (135,000)
Principal payments on long-term debt (6,739) (6,836)
Acquisition of inventory through floor plan payables - non-trade 389,183 363,907
Repayment of floor plan payables - non-trade (384,156) (468,321)
Repurchase of common stock 0 (32,575)
Share-based payments (1,903) (1,453)
Net cash flow from (for) financing activities 8,406 (19,697)
Effect of exchange rate changes on cash and cash equivalents 1,139 (68)
Net Change in Cash and Cash Equivalents 8,291 9,253
Cash and Cash Equivalents at Beginning of Period 6,273 3,805
Cash and Cash Equivalents at End of Period 14,564 13,058
Supplemental Cash Flow Information    
Interest paid 96,508 104,109
Income taxes paid, net 359 697
Non-Cash Investing and Financing Activities    
Property and equipment purchases in accounts payable 1,520 1,508
Rental equipment sales in accounts receivable $ 1,415 $ 1,355