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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash $ 2.1 $ 2.3
Accounts receivable, net 213.4 182.7
Inventories, net 338.5 239.2
Prepaid expenses and other current assets 27.9 24.4
Total current assets 581.9 448.6
Property and equipment, net 367.3 344.5
Operating lease right-of-use assets, net 104.0 102.6
OTHER ASSETS    
Goodwill 53.8 41.9
Other intangible assets, net 33.0 43.4
Other assets 2.6 1.6
Total other assets 89.4 86.9
TOTAL ASSETS 1,142.6 982.6
CURRENT LIABILITIES    
Current portion of long-term debt 3.6 2.6
Accounts payable 86.1 73.5
Customer deposits 17.9 16.7
Accrued expenses 53.1 39.3
Current operating lease liabilities 17.8 16.2
Current portion of deferred revenue 19.5 15.2
Other current liabilities 7.0 3.9
Total current liabilities 415.2 322.2
LONG-TERM LIABILITIES    
Lines of credit, net 156.3 98.4
Long-term debt, net of current portion 310.8 310.0
Finance lease obligations, net of current portion 13.4 9.0
Deferred revenue, net of current portion 3.9 4.2
Guaranteed purchase obligations, net of current portion 4.1 5.2
Long-term operating lease liabilities, net of current portion 89.4 88.4
Deferred tax liability 6.9 6.9
Other liabilities 1.9 3.6
TOTAL LIABILITIES 1,001.9 847.9
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 September 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 September 30, 2022 and December 31, 2021, respectively
Additional paid-in capital 219.3 217.4
Treasury stock at cost, 862,182 and 390,000 shares of common stock held at September 30, 2022 and December 31, 2021, respectively (5.9) (5.9)
Accumulated deficit (70.8) (76.8)
Accumulated other comprehensive income (1.9)  
TOTAL STOCKHOLDERS’ EQUITY 140.7 134.7
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,142.6 982.6
New Equipment    
CURRENT LIABILITIES    
Floor plan payable 160.1 114.2
Used and Rental Equipment    
CURRENT LIABILITIES    
Floor plan payable $ 50.1 $ 40.6