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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 406.5 $ 292.7 $ 738.2 $ 561.5
Cost of revenues:        
Cost of revenues 300.7 215.8 541.0 417.3
Gross profit 105.8 76.9 197.2 144.2
General and administrative expenses 88.8 71.1 171.7 135.9
Depreciation and amortization expense 4.0 2.6 7.9 4.6
Total general and administrative expenses 92.8 73.7 179.6 140.5
Income from operations 13.0 3.2 17.6 3.7
Other (expense) income        
Interest expense, floor plan payable – new equipment (0.5) (0.5) (0.8) (1.0)
Interest expense – other (6.3) (5.5) (12.1) (10.8)
Other income 0.4 0.1 0.7  
Loss on extinguishment of debt   (11.9)   (11.9)
Total other expense (6.4) (17.9) (12.2) (23.6)
Income (loss) before taxes 6.6 (14.7) 5.4 (19.9)
Income tax provision 0.5 0.0 0.5 0.5
Net income (loss) 6.1 (14.7) 4.9 (20.4)
Preferred stock dividends (0.7) (1.1) (1.5) (1.1)
Net income (loss) available to common shareholders $ 5.4 $ (15.8) $ 3.4 $ (21.5)
Basic income (loss) per share $ 0.17 $ (0.49) $ 0.11 $ (0.69)
Diluted income (loss) per share $ 0.17 $ (0.49) $ 0.11 $ (0.69)
Basic weighted average common shares outstanding 31,933,032 32,403,151 32,147,015 31,204,239
Diluted weighted average common shares outstanding 32,151,512 32,553,526 32,367,810 31,344,518
New and Used Equipment Sales        
Revenues:        
Total revenues $ 217.3 $ 132.0 $ 368.9 $ 255.8
Cost of revenues:        
Cost of revenues 182.2 112.5 306.1 219.0
Parts Sales        
Revenues:        
Total revenues 58.3 44.1 111.7 85.5
Cost of revenues:        
Cost of revenues 40.0 30.6 76.7 59.3
Service Revenue        
Revenues:        
Total revenues 51.7 42.4 99.9 81.1
Cost of revenues:        
Cost of revenues 21.9 16.4 42.0 30.9
Rental Revenue        
Revenues:        
Total revenues 43.6 38.2 81.3 71.3
Cost of revenues:        
Cost of revenues 5.4 5.2 10.8 10.7
Rental Equipment Sales        
Revenues:        
Total revenues 35.6 36.0 76.4 67.8
Cost of revenues:        
Cost of revenues 27.9 29.8 61.8 56.7
Rental Depreciation        
Cost of revenues:        
Cost of revenues $ 23.3 $ 21.3 $ 43.6 $ 40.7