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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash $ 8,609 $ 8,500
Receivables, net of allowance for doubtful accounts of $ and $7,126, respectively 248,108 247,430
Inventories, net of reserves for obsolescence of $ and $207, respectively 21,891 109,931
Prepaid expenses and other assets 18,041 8,740
Rental equipment, net of accumulated depreciation of $ and $990,971, respectively 1,910,777 1,756,578
Property and equipment, net of accumulated depreciation and amortization of $ and $193,723, respectively 240,835 183,773
Operating lease right-of-use assets, net of accumulated amortization of $ and $71,021, respectively 191,585 176,703
Finance lease right-of-use assets, net of accumulated amortization of $ and $345, respectively 3,677 2,891
Deferred financing costs, net of accumulated amortization of $ and $17,606, respectively 4,045 4,609
Intangible assets, net of accumulated amortization of $ and $25,824, respectively 68,606 32,576
Goodwill [1] 134,643 108,155
Total assets 2,850,817 2,639,886
Liabilities:    
Senior secured credit facility 287,295 181,642
Accounts payable 113,029 85,486
Manufacturer flooring plans payable 2,642 2,708
Accrued expenses payable and other liabilities 83,297 87,929
Dividends payable 280 360
Senior unsecured notes, net of unaccreted discount of $ and $5,807 and deferred financing costs of $ and $1,341, respectively 1,243,573 1,242,852
Operating lease liabilities 207,549 183,775
Finance lease liabilities 3,862 3,019
Deferred income taxes 333,241 317,826
Total liabilities 2,274,768 2,105,597
Commitments and Contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value, 25,000,000 shares authorized; no shares issued
Common stock, $0.01 par value, 175,000,000 shares authorized; and 40,823,375 shares issued at June 30, 2024 and December 31, 2023, respectively, and 36,449,188 shares outstanding at June 30, 2024 and December 31, 2023, respectively 410 408
Additional paid-in capital 267,917 261,927
Treasury stock at cost, and 4,374,187 shares of common stock held at June 30, 2024 and December 31, 2023, respectively (79,407) (76,017)
Retained earnings 387,129 347,971
Total stockholders’ equity 576,049 534,289
Total liabilities and stockholders’ equity $ 2,850,817 $ 2,639,886
[1] The total carrying amount of goodwill as of December 31, 2022 in the table above is reflected net of $92.7 million of accumulated impairment charges. The total carrying amount of goodwill as of December 31, 2023 and June 30, 2024 in the table above is reflected net of $98.4 million of accumulated impairment charges.