XML 39 R28.htm IDEA: XBRL DOCUMENT v3.22.1
Related Parties
3 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]  
Related Parties Related Parties
Related party balances included in the Company’s condensed consolidated balance sheets at March 31, 2022 and December 31, 2021, consisted of the following:
(in thousands)Financial Statement Line ItemMarch 31, 2022December 31, 2021
Receivables due from affiliatesTrade receivables, net of allowances for credit losses$50 $10 
Amounts due to affiliatesAccrued expenses(111)(49)
Total related party liabilities, net$(61)$(39)
Related party transactions included in the Company’s condensed consolidated statements of operations for the three months ended March 31, 2022 and 2021, respectively, consisted of the following:
Three Months Ended
March 31,
(in thousands)Financial Statement Line Item20222021
Leasing revenue from related partiesLeasing revenue$212 $106 
Consulting expense to related party (a)SG&A expense(138)(1,901)
Total related party expense, net$74 $(1,795)
(a) Two of the Company's directors also serve on the Board of Directors of a consulting firm from which the Company incurs professional fees.
The Company purchased rental equipment from former related party affiliates for $1.8 million for the three months ended March 31, 2021.