Acquisitions and Dispositions (Tables)

6 Months Ended

Jun. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Income (Loss) from Discontinued Operations

The following tables (amounts in thousands) present the Crane Sale results as reported in income (loss) from discontinued operations within our consolidated statements of income.

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2022			2021		2022			2021
Revenues:
Equipment rentals	$	—		$	3,426	$	—		$	6,431
Used equipment sales		—			5,537		—			8,449
New equipment sales		—			22,286		—			36,858
Parts sales		—			10,544		—			20,600
Services revenues		—			6,918		—			13,417
Other		—			1,375		—			2,344
Total revenues		—			50,086		—			88,099
Cost of revenues:
Rental depreciation		—			1,824		—			3,720
Rental expense		—			572		—			1,195
Rental other		—			341		—			570
		—			2,737		—			5,485
Used equipment sales		—			4,325		—			6,330
New equipment sales		—			19,945		—			32,988
Parts sales		—			8,003		—			15,597
Services revenues		—			2,211		—			4,293
Other		—			1,320		—			2,270
Total cost of revenues		—			38,541		—			66,963
Gross profit		—			11,545		—			21,136
Selling, general and administrative expenses		—			6,295		—			12,103
Merger and other		132			674		132			1,311
Gain on sales of property and equipment, net		—			49		—			49
Income (loss) from discontinued operations		(132	)		4,625		(132	)		7,771
Other, net		(1,917	)		58		(1,917	)		64
Income (loss) before provision (benefit) for income taxes		(2,049	)		4,683		(2,049	)		7,835
Provision (benefit) for income taxes		(525	)		1,168		(525	)		2,024
Net income (loss) from discontinued operations	$	(1,524	)	$	3,515	$	(1,524	)	$	5,811

Cash flows from discontinued operations was as follows (amounts in thousands):

	Six Months Ended
	June 30,
	2022		2021
Operating activities of discontinued operations:
Depreciation and amortization of property and equipment	$	—	$	1,083
Depreciation of rental equipment		—		3,720
Loss on sale of discontinued operations		1,917		—
Gain from sales of property and equipment, net		—		(49	)
Gain from sales of rental equipment, net		—		(1,641	)
Investing activities of discontinued operations:
Purchases of rental equipment		—		(2,073	)
Proceeds from sales of property and equipment		—		43
Proceeds from sales of rental equipment		—		4,051