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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Summary of Disaggregated Revenues

The following table summarizes the Company’s disaggregated revenues as presented in the Condensed Consolidated Statements of Income (Loss) for the three months ended June 30, 2022 and 2021 by revenue type, and by the applicable accounting standard.

 

 

 

Three Months Ended
June 30, 2022

 

 

Three Months Ended
June 30, 2021

 

 

 

Topic 842

 

 

Topic 606

 

 

Total

 

 

Topic 842

 

 

Topic 606

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New and used equipment sales

 

$

 

 

$

217.3

 

 

$

217.3

 

 

$

 

 

$

132.0

 

 

$

132.0

 

Parts sales

 

 

 

 

 

58.3

 

 

 

58.3

 

 

 

 

 

 

44.1

 

 

 

44.1

 

Service revenue

 

 

 

 

 

51.7

 

 

 

51.7

 

 

 

 

 

 

42.4

 

 

 

42.4

 

Rental revenue

 

 

43.6

 

 

 

 

 

 

43.6

 

 

 

38.2

 

 

 

 

 

 

38.2

 

Rental equipment sales

 

 

 

 

 

35.6

 

 

 

35.6

 

 

 

 

 

 

36.0

 

 

 

36.0

 

Total revenues

 

$

43.6

 

 

$

362.9

 

 

$

406.5

 

 

$

38.2

 

 

$

254.5

 

 

$

292.7

 

 

The following table summarizes the Company’s disaggregated revenues as presented in the Condensed Consolidated Statements of Income (Loss) for the six months ended June 30, 2022 and 2021 by revenue type, and by the applicable accounting standard.

 

 

 

Six Months Ended
June 30, 2022

 

 

Six Months Ended
June 30, 2021

 

 

 

Topic 842

 

 

Topic 606

 

 

Total

 

 

Topic 842

 

 

Topic 606

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New and used equipment sales

 

$

 

 

$

368.9

 

 

$

368.9

 

 

$

 

 

$

255.8

 

 

$

255.8

 

Parts sales

 

 

 

 

 

111.7

 

 

 

111.7

 

 

 

 

 

 

85.5

 

 

 

85.5

 

Service revenue

 

 

 

 

 

99.9

 

 

 

99.9

 

 

 

 

 

 

81.1

 

 

 

81.1

 

Rental revenue

 

 

81.3

 

 

 

 

 

 

81.3

 

 

 

71.3

 

 

 

 

 

 

71.3

 

Rental equipment sales

 

 

 

 

 

76.4

 

 

 

76.4

 

 

 

 

 

 

67.8

 

 

 

67.8

 

Total revenues

 

$

81.3

 

 

$

656.9

 

 

$

738.2

 

 

$

71.3

 

 

$

490.2

 

 

$

561.5