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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) $ (4,576) $ (25,131) $ 11,972
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 55,883 50,870 44,585
Amortization of intangible assets 14,636 14,744 14,317
Accretion of asset retirement obligation     215
Accretion of asset retirement obligation (204) (389)  
Amortization of deferred financing costs 4,338 3,950 3,204
Amortization of original issue discount 638 557 425
Change in fair value of warrant liabilities 1,067 (2,347) (5,920)
Stock-based compensation expense 5,084 3,606 1,749
Officer loan compensation expense     1,583
(Gain) loss on sale of specialty rental assets and other property, plant and equipment 383 (205) 6,872
Loss (gain) on involuntary conversion   (619) 122
Loss on extinguishment of debt 0 0 907
Deferred income taxes 469 (8,751) 5,992
Provision for loss on receivables, net of recoveries 1,630 4,001 1,183
Changes in operating assets and liabilities (net of business acquired)      
Accounts receivable (2,228) 16,267 7,440
Related party receivable 1,224 (280) (855)
Prepaid expenses and other assets (1,156) (2,549) (684)
Accounts payable and other accrued liabilities 9,926 1,038 (16,826)
Deferred revenue and customer deposits 16,040 (7,827) (11,177)
Other non-current assets and liabilities 1,445 (154) (4,609)
Net cash provided by operating activities 104,599 46,781 60,495
Cash flows from investing activities:      
Purchase of specialty rental assets (35,488) (12,177) (84,732)
Purchase of property, plant and equipment (427) (381) (441)
Purchase of business     (30,000)
Proceeds from the sale of specialty rental assets and other property, plant and equipment   990 1,444
Receipt of insurance proceeds   619 386
Repayments from affiliates     638
Net cash used in investing activities (35,915) (10,949) (112,705)
Cash flows from financing activities:      
Proceeds from borrowings on Senior Secured Notes, net of discount     336,699
Principal payments on finance and capital lease obligations (4,172) (11,581) (2,331)
Proceeds from borrowings on finance and capital lease obligations   13,437  
Principal payments on borrowings from ABL (76,000) (74,500) (48,790)
Proceeds from borrowings on ABL 28,000 42,500 108,240
Repayment of affiliate note     (3,762)
Contributions from affiliate     39,107
Recapitalization     218,752
Recapitalization - cash paid to Algeco Seller     (563,134)
Payment of deferred financing costs     (19,798)
Restricted shares surrendered to pay tax liabilities (99) (221) (90)
Purchase of treasury stock   (5,318) (18,241)
Net cash provided by (used in) financing activities (52,271) (35,683) 46,652
Effect of exchange rate changes on cash, cash equivalents and restricted cash 14 (9) (54)
Net increase (decrease) in cash, cash equivalents and restricted cash 16,427 140 (5,612)
Cash, cash equivalents and restricted cash - beginning of year 6,979 6,839 12,451
Cash, cash equivalents and restricted cash - end of year 23,406 6,979 6,839
Supplemental Cash Flow Information:      
Cash paid for interest, net of amounts capitalized 33,766 35,600 23,581
Income taxes paid, net of refunds received 765 1,273 1,237
Decrease in accrued capital expenditures 862 $ 3,487  
Non-cash investing and financing activity:      
Non-cash change in accrued capital expenditures     (732)
Non-cash repurchase of common shares as part of share repurchase program     (5,318)
Non-cash contribution from affiliate - forgiveness of affiliate note     104,285
Non-cash distribution to PEAC - liability transfer from PEAC, net     (8,840)
Non-cash change in capital lease obligation $ (1,780)   $ (1,856)