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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash $ 1.6 $ 2.3
Accounts receivable, net 189.3 182.7
Inventories, net 291.0 239.2
Prepaid expenses and other current assets 22.8 24.4
Total current assets 504.7 448.6
PROPERTY AND EQUIPMENT, NET 337.0 344.5
OPERATING LEASE RIGHT-OF-USE ASSETS, NET 101.9 102.6
OTHER ASSETS    
Goodwill 43.5 41.9
Intangible assets, net 42.0 43.4
Other assets 1.5 1.6
Total other assets 87.0 86.9
TOTAL ASSETS 1,030.6 982.6
CURRENT LIABILITIES    
Lines of credit, net 113.9 98.4
Current portion of long-term debt 2.7 2.6
Accounts payable 63.6 73.5
Customer deposits 18.6 16.7
Accrued expenses 46.5 39.3
Current operating lease liabilities 16.4 16.2
Other current liabilities 22.0 19.1
Total current liabilities 470.7 420.6
LONG-TERM LIABILITIES    
Long-term debt, net of current portion 310.2 310.0
Finance lease obligations, net of current portion 9.7 9.0
Deferred revenue, net of current portion 3.8 4.2
Guaranteed purchase obligations, net of current portion 4.7 5.2
Long-term operating lease liabilities 88.3 88.4
Deferred tax liability 6.9 6.9
Other liabilities 3.3 3.6
TOTAL LIABILITIES 897.6 847.9
CONTINGENCIES - NOTE 12
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, 1,200,000 Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock, $0.0001 par value per share, issued and outstanding at March 31, 2022 and December 31, 2021, respectively
Common stock, $0.0001 par value, 200,000,000 shares authorized; 32,363,376 issued and outstanding at March 31, 2022 and December 31, 2021, respectively
Additional paid-in capital 217.7 217.4
Treasury stock (5.9) (5.9)
Accumulated deficit (78.8) (76.8)
TOTAL STOCKHOLDERS’ EQUITY 133.0 134.7
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,030.6 982.6
New Equipment    
CURRENT LIABILITIES    
Floor plan payable 147.5 114.2
Used and Rental Equipment    
CURRENT LIABILITIES    
Floor plan payable $ 39.5 $ 40.6