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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (28,153) $ 36,857
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 14,769 13,627
Depreciation of rental equipment 119,142 118,582
Amortization of finance lease right-of-use assets 81 81
Amortization of intangible assets 2,002 2,049
Amortization of deferred financing costs 504 504
Accretion of note discount, net of premium amortization 238 239
Non-cash operating lease expense 5,760 5,273
Impairment of goodwill 61,994  
Provision for losses on accounts receivable 2,950 2,480
Provision for inventory obsolescence 12 115
Change in deferred income taxes (7,211) 12,239
Stock-based compensation expense 2,656 2,023
Gain from sales of property and equipment, net (7,158) (1,621)
Gain from sales of rental equipment, net (21,224) (23,239)
Changes in operating assets and liabilities, net of acquisitions:    
Receivables 42,764 4,764
Inventories (12,397) (55,997)
Prepaid expenses and other assets (8,540) (2,969)
Accounts payable 14,077 16,592
Manufacturer flooring plans payable (8,524) 1,400
Accrued expenses payable and other liabilities (13,326) 1,898
Deferred compensation payable 50 55
Net cash provided by operating activities 160,466 134,952
Cash flows from investing activities:    
Acquisition of businesses, net of cash acquired   (106,746)
Purchases of property and equipment (13,511) (18,568)
Purchases of rental equipment (55,448) (174,674)
Proceeds from sales of property and equipment 10,390 2,173
Proceeds from sales of rental equipment 59,756 61,668
Net cash provided by (used in) investing activities 1,187 (236,147)
Cash flows from financing activities:    
Borrowings on senior secured credit facility 496,011 797,029
Payments on senior secured credit facility (645,329) (685,080)
Dividends paid (19,741) (19,670)
Purchases of treasury stock (470) (387)
Payments of deferred financing costs   (559)
Payments of finance lease obligations (120) (114)
Net cash provided by (used in) financing activities (169,649) 91,219
Net decrease in cash (7,996) (9,976)
Cash, beginning of period 14,247 16,677
Cash, end of period 6,251 6,701
Supplemental schedule of noncash investing and financing activities:    
Accrued acquisition purchase price consideration   3,432
Noncash asset purchases:    
Assets transferred from new and used inventory to rental fleet 18,410 33,591
Purchases of property and equipment included in accrued expenses payable and other liabilities 218 453
Operating lease right-of-use assets and lease liabilities recorded upon adoption of ASC 842   162,814
Finance lease right-of-use assets and lease liabilities recorded upon adoption of ASC 842   782
Operating lease assets obtained in exchange for new operating lease liabilities 15,077 8,657
Cash paid during the period for:    
Interest 31,402 32,954
Income taxes paid (refunds received), net $ (1,540) $ 1,765