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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net income $ 42,708 $ 37,937
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47,663 43,087
Provision for doubtful accounts 833 371
Share-based compensation 3,224 2,746
Gain on sale of used rental equipment (9,602) (9,168)
Foreign currency exchange loss (gain) 319 (86)
Amortization of debt issuance costs 5 5
Change in:    
Accounts receivable 1,326 (373)
Prepaid expenses and other assets (1,641) (21,246)
Accounts payable and accrued liabilities 6,389 18,468
Deferred income 5,815 16,909
Deferred income taxes 483 3,337
Net cash provided by operating activities 97,522 91,987
Cash Flows from Investing Activities:    
Purchases of rental equipment (57,564) (90,701)
Purchases of property, plant and equipment (6,893) (3,961)
Proceeds from sales of used rental equipment 21,921 18,280
Net cash used in investing activities (42,536) (76,382)
Cash Flows from Financing Activities:    
Net (repayment) borrowing under bank lines of credit (21,288) 3,309
Repurchase of common stock (13,501)  
Taxes paid related to net share settlement of stock awards (2,340) (1,563)
Payment of dividends (19,526) (17,337)
Net cash used in financing activities (56,655) (15,591)
Effect of foreign currency exchange rate changes on cash 21 (26)
Net decrease in cash (1,648) (12)
Cash balance, beginning of period 2,342 1,508
Cash balance, end of period 694 1,496
Supplemental Disclosure of Cash Flow Information:    
Interest paid, during the period 5,031 6,210
Net income taxes paid, during the period 2,153 6,173
Dividends accrued during the period, not yet paid 10,255 9,163
Rental equipment acquisitions, not yet paid $ 6,654 $ 8,930