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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Total revenue $ 434,353 $ 357,780 $ 1,343,346 $ 1,086,362
Cost of Revenue        
Depreciation of rental equipment 42,469 42,612 126,415 130,900
Total cost of revenue 327,197 269,608 1,015,910 830,939
Gross Profit 107,156 88,172 327,436 255,423
Operating Expenses        
Selling, general and administrative expenses 56,955 49,835 171,974 152,269
Amortization 6,698 6,794 19,976 27,000
Non-rental depreciation 2,602 1,938 7,973 7,302
Transaction expenses and other 2,890 6,498 10,039 17,192
Total operating expenses 69,145 65,065 209,962 203,763
Operating Income 38,011 23,107 117,474 51,660
Other Expense        
Interest expense, net 34,144 22,887 94,945 62,324
Financing and other income (5,745) (1,747) (14,744) (25,905)
Total other expense 28,399 21,140 80,201 36,419
Income Before Income Taxes 9,612 1,967 37,273 15,241
Income Tax Expense 432 4,349 2,683 7,273
Net Income (Loss) 9,180 (2,382) 34,590 7,968
Other Comprehensive Income (Loss):        
Unrealized foreign currency translation adjustments (2,823) (7,651) (259) (10,287)
Other Comprehensive Loss (2,823) (7,651) (259) (10,287)
Comprehensive Income (Loss) $ 6,357 $ (10,033) $ 34,331 $ (2,319)
Net Income (Loss) Per Share:        
Basic (in dollars per share) $ 0.04 $ (0.01) $ 0.14 $ 0.03
Diluted (in dollars per share) $ 0.04 $ (0.01) $ 0.14 $ 0.03
Weighted-Average Common Shares Outstanding:        
Basic (in shares) 245,810 247,704 245,987 247,448
Diluted (in shares) 246,594 247,704 246,809 247,926
Rental revenue        
Revenue        
Total revenue $ 118,209 $ 115,010 $ 358,666 $ 336,210
Cost of Revenue        
Cost of goods and service 29,874 28,207 91,754 82,791
Equipment sales        
Revenue        
Total revenue 283,079 210,903 886,486 656,595
Cost of Revenue        
Cost of goods and service 228,912 173,588 720,303 545,461
Parts sales and services        
Revenue        
Total revenue 33,065 31,867 98,194 93,557
Cost of Revenue        
Cost of goods and service $ 25,942 $ 25,201 $ 77,438 $ 71,787