Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Company’s Segment Results

The Company’s segment results are presented in the tables below:

	Three Months Ended June 30,
	2023
(in $000s)	ERS		TES		APS		Total
Revenue:
Rental	$	117,832	$	—	$	4,337	$	122,169
Equipment sales	50,694		251,423		—		302,117
Parts and services	—		—		32,544		32,544
Total revenue	168,526		251,423		36,881		456,830
Cost of revenue:
Rentals/parts and services	31,341		—		25,988		57,329
Equipment sales	39,802		205,464		—		245,266
Depreciation of rental equipment	42,805		—		811		43,616
Total cost of revenue	113,948		205,464		26,799		346,211
Gross profit	$	54,578	$	45,959	$	10,082	$	110,619

	Three Months Ended June 30,
	2022
(in $000s)	ERS		TES		APS		Total
Revenue:
Rental	$	108,109	$	—	$	3,946	$	112,055
Equipment sales	37,200		181,306		—		218,506
Parts and services	—		—		31,545		31,545
Total revenue	145,309		181,306		35,491		362,106
Cost of revenue:
Rentals/parts and services	27,851		—		23,578		51,429
Equipment sales	30,418		154,177		—		184,595
Depreciation of rental equipment	42,384		—		940		43,324
Total cost of revenue	100,653		154,177		24,518		279,348
Gross profit	$	44,656	$	27,129	$	10,973	$	82,758
	Six Months Ended June 30,
	2023
(in $000s)	ERS		TES		APS		Total
Revenue:
Rental	$	231,616	$	—	$	8,841	$	240,457
Equipment sales	142,830		460,577		—		603,407
Parts and services	—		—		65,129		65,129
Total revenue	374,446		460,577		73,970		908,993
Cost of revenue:
Rentals/parts and services	60,401		—		52,975		113,376
Equipment sales	110,883		380,508		—		491,391
Depreciation of rental equipment	82,317		—		1,629		83,946
Total cost of revenue	253,601		380,508		54,604		688,713
Gross profit	$	120,845	$	80,069	$	19,366	$	220,280
	Six Months Ended June 30,
	2022
(in $000s)	ERS		TES		APS		Total
Revenue:
Rental	$	213,670	$	—	$	7,530	$	221,200
Equipment sales	96,553		349,139		—		445,692
Parts and services	—		—		61,690		61,690
Total revenue	310,223		349,139		69,220		728,582
Cost of revenue:
Rentals/parts and services	52,642		—		48,528		101,170
Equipment sales	73,648		298,225		—		371,873
Depreciation of rental equipment	86,350		—		1,938		88,288
Total cost of revenue	212,640		298,225		50,466		561,331
Gross profit	$	97,583	$	50,914	$	18,754	$	167,251

Schedule of Reconciliation of Segment Gross Profit to Consolidated Income Before Income Taxes

The following table presents a reconciliation of consolidated gross profit to consolidated income before income taxes:

	Three Months Ended June 30,				Six Months Ended June 30,
(in $000s)	2023		2022		2023		2022
Gross Profit	$	110,619	$	82,758	$	220,280	$	167,251
Selling, general and administrative expenses	58,028		48,779		115,019		102,434
Amortization	6,606		6,871		13,278		20,206
Non-rental depreciation	2,721		2,317		5,371		5,364
Transaction expenses and other	3,689		6,046		7,149		10,694
Interest expense, net	31,625		20,281		60,801		39,437
Financing and other income	(5,048)		(15,078)		(8,999)		(24,158)
Income Before Income Taxes	$	12,998	$	13,542	$	27,661	$	13,274

Schedule of Total Assets by Country

The following table presents total assets by country:

(in $000s)	June 30, 2023		December 31, 2022
Assets:
United States	$	3,020,787	$	2,830,958
Canada	117,857		107,254
Total Assets	$	3,138,644	$	2,938,212