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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Total revenue $ 362,106 $ 375,111 $ 728,582 $ 453,410
Cost of Revenue        
Depreciation of rental equipment 43,324 43,179 88,288 61,023
Total cost of revenue 279,348 328,421 561,331 386,501
Gross Profit 82,758 46,690 167,251 66,909
Operating Expenses        
Selling, general and administrative expenses 48,779 51,264 102,434 63,314
Amortization 6,871 13,332 20,206 14,086
Non-rental depreciation 2,317 951 5,364 972
Transaction expenses and other 6,046 24,575 10,694 35,023
Total operating expenses 64,013 90,122 138,698 113,395
Operating Income (Loss) 18,745 (43,432) 28,553 (46,486)
Other Expense        
Loss on extinguishment of debt 0 61,695 0 61,695
Interest expense, net 20,281 19,723 39,437 34,629
Financing and other expense (income) (15,078) (2,058) (24,158) 3,799
Total other expense 5,203 79,360 15,279 100,123
Income (Loss) Before Income Taxes 13,542 (122,792) 13,274 (146,609)
Income Tax Expense (Benefit) (81) 6,564 2,924 10,654
Net Income (Loss) 13,623 (129,356) 10,350 (157,263)
Other Comprehensive Income (Loss):        
Unrealized foreign currency translation adjustments (2,636) 0 (2,636) 0
Other Comprehensive Income (Loss) (2,636) 0 (2,636) 0
Comprehensive Income (Loss) $ 10,987 $ (129,356) $ 7,714 $ (157,263)
Net Income (Loss) Per Share:        
Basic (in dollars per share) $ 0.05 $ (0.53) $ 0.04 $ (1.07)
Diluted (in dollars per share) $ 0.05 $ (0.53) $ 0.04 $ (1.07)
Weighted-Average Common Shares Outstanding:        
Basic (in shares) 247,745 243,752 247,403 146,997
Diluted (in shares) 248,614 243,752 248,239 146,997
Revenue        
Revenue        
Total revenue $ 112,055 $ 98,539 $ 221,200 $ 146,828
Cost of Revenue        
Cost of rental revenue 28,791 29,013 54,584 45,941
Equipment sales        
Revenue        
Total revenue 218,506 247,675 445,692 265,662
Cost of Revenue        
Cost of rental revenue 184,595 229,339 371,873 243,004
Parts sales and services        
Revenue        
Total revenue 31,545 28,897 61,690 40,920
Cost of Revenue        
Cost of rental revenue $ 22,638 $ 26,890 $ 46,586 $ 36,533