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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash $ 278,831 $ 357,296
Receivables, net of allowance for doubtful accounts of $4,775 and $4,178, respectively 183,520 157,226
Inventories, net of reserves for obsolescence of $54 and $73, respectively 122,048 75,299
Prepaid expenses and other assets 27,818 21,081
Rental equipment, net of accumulated depreciation of $797,344 and $722,646, respectively 1,190,778 1,116,456
Property and equipment, net of accumulated depreciation and amortization of $170,841 and $161,913, respectively 123,012 112,281
Operating lease right-of-use assets, net of accumulated amortization of $43,678 and $36,884, respectively 157,538 151,222
Finance lease right-of-use assets, net of accumulated amortization of $24 1,626  
Deferred financing costs, net of accumulated amortization of $16,168 and $15,818, respectively 1,108 1,458
Intangible assets, net of accumulated amortization of $16,694 and $14,709, respectively 23,006 24,991
Goodwill 63,137 63,137
Total assets 2,172,422 2,080,447
Liabilities:    
Accounts payable 136,874 95,604
Manufacturer flooring plans payable 21,507 20,924
Accrued expenses payable and other liabilities 65,931 63,908
Dividends payable 57 128
Senior unsecured notes, net of unaccreted discount of $7,565 and $8,151 and deferred financing costs of $1,747 and $1,882, respectively 1,240,688 1,239,967
Operating lease liabilities 161,842 155,303
Finance lease right-of-use liabilities 1,626  
Deferred income taxes 215,042 201,231
Total liabilities 1,843,567 1,777,065
Commitments and Contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value, 25,000,000 shares authorized; no shares issued
Common stock, $0.01 par value, 175,000,000 shares authorized; 40,380,308 and 40,353,299 shares issued at June 30, 2022 and December 31, 2021, respectively, and 36,159,738 and 36,141,667 shares outstanding at June 30, 2022 and December 31, 2021, respectively 403 403
Additional paid-in capital 247,627 244,638
Treasury stock at cost, 4,220,570 and 4,211,632 shares of common stock held at June 30, 2022 and December 31, 2021, respectively (68,637) (68,294)
Retained earnings 149,462 126,635
Total stockholders’ equity 328,855 303,382
Total liabilities and stockholders’ equity $ 2,172,422 $ 2,080,447