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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities:    
Net income $ 55,157 $ 36,196
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 60,896 58,425
Impairment of rental assets 39  
Provision for doubtful accounts 297 1,155
Share-based compensation 2,810 2,245
Gain on sale of used rental equipment (15,044) (13,006)
Foreign currency exchange (gain) loss 505 (273)
Amortization of debt issuance costs 18 38
Change in:    
Accounts receivable (9,514) (11,691)
Prepaid expenses and other assets (10,195) (1,261)
Accounts payable and accrued liabilities 148 80
Deferred income 8,741 4,689
Deferred income taxes 2,982 4,544
Net cash provided by operating activities 96,840 81,141
Cash Flows from Investing Activities:    
Purchases of rental equipment (84,658) (73,193)
Purchases of property, plant and equipment (12,521) (12,784)
Cash paid for business acquisition (7,543)  
Proceeds from sales of used rental equipment 30,067 28,478
Net cash used in investing activities (74,655) (57,499)
Cash Flows from Financing Activities:    
Net borrowings under bank lines of credit 25,575 16,813
Principal payments on Series A senior notes (20,000) (20,000)
Taxes paid related to net share settlement of stock awards (3,004) (1,363)
Payment of dividends (22,719) (18,628)
Net cash used in financing activities (20,148) (23,178)
Effect of foreign currency exchange rate changes on cash (139) 53
Net increase in cash 1,898 517
Cash balance, beginning of period 2,501 852
Cash balance, end of period 4,399 1,369
Supplemental Disclosure of Cash Flow Information:    
Interest paid, during the period 9,193 8,563
Net income taxes paid, during the period 16,055 23,510
Dividends accrued during the period, not yet paid 8,349 5,979
Rental equipment acquisitions, not yet paid $ 9,643 $ 6,622