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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net income $ 71,657 $ 18,793
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,590 27,584
Deferred income taxes (45,496) (3,676)
Provision for credit losses 744 13
Share-based compensation 1,493 1,760
Gain on sale of discontinued operations (58,883)  
Gain on sale of used rental equipment (3,089) (5,364)
Foreign currency exchange gain (226) (13)
Amortization of debt issuance costs 2 4
Change in:    
Accounts receivable 16,209 7,922
Prepaid expenses and other assets (7,345) 4,213
Accounts payable and accrued liabilities 29,837 (4,716)
Deferred income 3,218 5,223
Net cash provided by operating activities 35,711 51,743
Cash Flows from Investing Activities:    
Proceeds from sale of discontinued operations 262,454 0
Purchases of rental equipment (77,731) (39,430)
Purchases of property, plant and equipment (6,857) (5,417)
Cash paid for acquisition of businesses (453,592)  
Proceeds from sales of used rental equipment 12,197 10,308
Net cash used in investing activities (263,529) (34,539)
Cash Flows from Financing Activities:    
Net borrowings (payments) under bank lines of credit 245,033 (2,482)
Taxes paid related to net share settlement of stock awards (6,086) (3,605)
Payment of dividends (11,400) (11,006)
Net cash provided by (used in) financing activities 227,547 (17,093)
Effect of foreign currency exchange rate changes on cash 4 1
Net (decrease) increase in cash (267) 112
Cash balance, beginning of period 957 1,491
Cash balance, end of period 690 1,603
Supplemental Disclosure of Cash Flow Information:    
Interest paid, during the period 7,817 2,137
Net income taxes paid, during the period 413 420
Dividends accrued during the period, not yet paid 11,851 11,357
Rental equipment acquisitions, not yet paid $ 5,697 $ 12,869