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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total revenue $ 423,013 $ 456,830 $ 834,320 $ 908,993
Cost of Revenue        
Depreciation of rental equipment 44,585 43,616 88,329 83,946
Total cost of revenue 333,746 346,211 654,344 688,713
Gross Profit 89,267 110,619 179,976 220,280
Operating Expenses        
Selling, general and administrative expenses 55,697 58,028 113,692 115,019
Amortization 6,692 6,606 13,270 13,278
Non-rental depreciation 3,360 2,721 6,280 5,371
Transaction expenses and other 5,844 3,689 10,690 7,149
Total operating expenses 71,593 71,044 143,932 140,817
Operating Income 17,674 39,575 36,044 79,463
Other Expense        
Interest expense, net 42,401 31,625 80,316 60,801
Financing and other expense (income) (3,319) (5,048) (6,581) (8,999)
Total other expense 39,082 26,577 73,735 51,802
Income (Loss) Before Income Taxes (21,408) 12,998 (37,691) 27,661
Income Tax Expense 3,070 1,388 1,122 2,251
Net Income (Loss) (24,478) 11,610 (38,813) 25,410
Other Comprehensive Income (Loss):        
Unrealized foreign currency translation adjustments (939) 2,222 (3,469) 2,564
Other Comprehensive Income (Loss) (939) 2,222 (3,469) 2,564
Comprehensive Income (Loss) $ (25,417) $ 13,832 $ (42,282) $ 27,974
Net Income (Loss) Per Share:        
Basic (in dollars per share) $ (0.10) $ 0.05 $ (0.16) $ 0.10
Diluted (in dollars per share) $ (0.10) $ 0.05 $ (0.16) $ 0.10
Weighted-Average Common Shares Outstanding:        
Basic (in shares) 239,727 246,130 240,045 246,090
Diluted (in shares) 239,727 246,955 240,045 246,932
Rental revenue        
Revenue        
Total revenue $ 102,997 $ 122,169 $ 209,168 $ 240,457
Cost of Revenue        
Cost of goods and service 29,295 31,981 59,120 61,880
Equipment sales        
Revenue        
Total revenue 285,633 302,117 558,235 603,407
Cost of Revenue        
Cost of goods and service 231,318 245,266 452,118 491,391
Parts sales and services        
Revenue        
Total revenue 34,383 32,544 66,917 65,129
Cost of Revenue        
Cost of goods and service $ 28,548 $ 25,348 $ 54,777 $ 51,496