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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 31,011 $ 78,596 $ 72,060
(Loss) income from discontinued operations, net of income taxes (20,010) (509) 9,495
Income from continuing operations 51,021 79,105 62,565
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Depreciation 112,317 107,304 100,093
Amortization of debt issuance costs 3,921 3,650 2,598
Amortization of intangible assets 1,610 1,989 1,969
Stock-based compensation expense 2,758 2,583 1,838
Reduction in contingent consideration     (2,211)
Unrealized loss on foreign exchange 16 436 106
Gain on sale of rental equipment (4,402) (9,886) (5,333)
Deferred income taxes 3,734 4,172 (6,749)
Bad debt expense 5,885 388 404
Changes in other operating assets and liabilities:      
Accounts receivable 3,864 (18,365) (4,248)
Prepaid expenses and other assets (2,245) (1,131) 738
Net investment in finance leases 65,688    
Accounts payable, accrued expenses and other liabilities 6,518 (834) (9,838)
Unearned revenue 5 (174) (333)
Net cash provided by operating activities of continuing operations 250,690 169,237 141,599
Net cash provided by operating activities of discontinued operations 3,307 10,533 13,593
Net cash provided by operating activities 253,997 179,770 155,192
Cash flows from investing activities      
Purchase of rental equipment [1] (316,857) (739,944) (432,212)
Purchase of financing receivable (37,139)    
Proceeds from sale of rental equipment 81,692 65,602 65,674
Purchase of furniture, fixtures and equipment (2,285) (823) (124)
Receipt of principal payments from financing receivable 2,720    
Receipt of principal payments from finance leases   43,352 24,061
Net cash used in investing activities of continuing operations (271,869) (631,813) (342,601)
Net cash provided by (used in) investing activities of discontinued operations 123,424 (31,530) (69,150)
Net cash used in investing activities (148,445) (663,343) (411,751)
Cash flows from financing activities      
Proceeds from debt 705,045 1,605,564 704,340
Principal payments on debt (631,875) (1,143,908) (522,486)
Debt issuance costs (839) (3,861) (3,441)
Proceeds from issuance of common and preferred stock   103,433 28,028
Repurchase of common stock (34,118) (40,869)  
Dividends paid to preferred stockholders (8,828) (3,260)  
Exercise of stock options 1,285 24 145
Net cash provided by financing activities of continuing operations 30,670 517,123 206,586
Net cash (used in) provided by financing activities of discontinued operations (139,149) (4,773) 44,636
Net cash (used in) provided by financing activities (108,479) 512,350 251,222
Effect on cash of foreign currency translation 183 (3) 220
Net (decrease) increase in cash and restricted cash (2,744) 28,774 (5,117)
Cash and restricted cash at beginning of the period [3] 75,983 [2] 47,209 [2] 52,326
Cash and restricted cash at end of the period [2] 73,239 75,983 [3] 47,209 [3]
Cash paid during the period for:      
Income taxes 871 651 194
Interest 84,767 71,286 47,596
Supplemental disclosure of non-cash operating activity      
Lease liabilities arising from obtaining right-of-use assets 5,306    
Supplemental disclosure of non-cash investing and financing activity      
Transfer of rental equipment to finance lease 110,766 316,697 205,033
Transfer of finance lease to rental equipment 21,179   413
Rental equipment payable $ 25,137 $ 74,139 $ 92,415
[1] Represents cash disbursements for purchasing of rental equipment as reflected in the consolidated statements of cash flows for the periods indicated
[2] Includes cash of $19,870, $20,104, and $14,735, cash held by variable interest entities of $26,594, $25,211, and $20,685, and restricted cash of $26,775, $30,668, and $11,789 at December 31, 2019, 2018, and 2017, respectively.
[3] Includes cash of $20,104, $14,735, and $15,685, cash held by variable interest entities of $25,211, $20,685, and $30,449, and restricted cash of $30,668, $11,789, and $6,192 at December 31, 2018, 2017, and 2016, respectively.