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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash $ 0.5 $ 2.3
Accounts receivable, net 211.2 182.7
Inventories, net 296.6 239.2
Prepaid expenses and other current assets 30.4 24.4
Total current assets 538.7 448.6
Property and equipment, net 346.7 344.5
Operating lease right-of-use assets, net 98.2 102.6
OTHER ASSETS    
Goodwill 44.1 41.9
Other intangible assets, net 40.4 43.4
Other assets 3.0 1.6
Total other assets 87.5 86.9
TOTAL ASSETS 1,071.1 982.6
CURRENT LIABILITIES    
Lines of credit, net 123.6 98.4
Current portion of long-term debt 3.1 2.6
Accounts payable 77.4 73.5
Customer deposits 21.3 16.7
Accrued expenses 41.3 39.3
Current operating lease liabilities 16.3 16.2
Other current liabilities 25.0 19.1
Total current liabilities 506.6 420.6
LONG-TERM LIABILITIES    
Long-term debt, net of current portion 310.4 310.0
Finance lease obligations, net of current portion 11.9 9.0
Deferred revenue, net of current portion 3.6 4.2
Guaranteed purchase obligations, net of current portion 4.2 5.2
Long-term operating lease liabilities, net of current portion 84.9 88.4
Deferred tax liability 6.9 6.9
Other liabilities 3.4 3.6
TOTAL LIABILITIES 931.9 847.9
CONTINGENCIES - NOTE 12
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, 1,200,000 Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock, $0.0001 par value per share, issued and outstanding at June 30, 2022 and December 31, 2021, respectively
Common stock, $0.0001 par value, 200,000,000 shares authorized; 31,981,843 and 32,363,376 issued and outstanding at June 30, 2022 and December 31, 2021, respectively
Additional paid-in capital 218.5 217.4
Treasury stock at cost, 862,182 and 390,000 shares of common stock held at June 30, 2022 and December 31, 2021, respectively (5.9) (5.9)
Accumulated deficit (73.4) (76.8)
TOTAL STOCKHOLDERS’ EQUITY 139.2 134.7
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,071.1 982.6
New Equipment    
CURRENT LIABILITIES    
Floor plan payable 151.7 114.2
Used and Rental Equipment    
CURRENT LIABILITIES    
Floor plan payable $ 46.9 $ 40.6