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Revenue Recognition (Tables)
9 Months Ended
Sep. 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 September 30, 2022 and 2021 by revenue type, and by the applicable accounting standard.

 

 

 

Three Months Ended
September 30, 2022

 

 

Three Months Ended
September 30, 2021

 

 

 

Topic 842

 

 

Topic 606

 

 

Total

 

 

Topic 842

 

 

Topic 606

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New and used equipment sales

 

$

 

 

$

210.1

 

 

$

210.1

 

 

$

 

 

$

136.8

 

 

$

136.8

 

Parts sales

 

 

 

 

 

61.8

 

 

 

61.8

 

 

 

 

 

 

44.8

 

 

 

44.8

 

Service revenue

 

 

 

 

 

54.3

 

 

 

54.3

 

 

 

 

 

 

41.9

 

 

 

41.9

 

Rental revenue

 

 

50.2

 

 

 

 

 

 

50.2

 

 

 

41.7

 

 

 

 

 

 

41.7

 

Rental equipment sales

 

 

 

 

 

28.6

 

 

 

28.6

 

 

 

 

 

 

29.8

 

 

 

29.8

 

Total revenues

 

$

50.2

 

 

$

354.8

 

 

$

405.0

 

 

$

41.7

 

 

$

253.3

 

 

$

295.0

 

 

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

 

 

 

Nine Months Ended
September 30, 2022

 

 

Nine Months Ended
September 30, 2021

 

 

 

Topic 842

 

 

Topic 606

 

 

Total

 

 

Topic 842

 

 

Topic 606

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New and used equipment sales

 

$

 

 

$

579.0

 

 

$

579.0

 

 

$

 

 

$

392.6

 

 

$

392.6

 

Parts sales

 

 

 

 

 

173.5

 

 

 

173.5

 

 

 

 

 

 

130.3

 

 

 

130.3

 

Service revenue

 

 

 

 

 

154.2

 

 

 

154.2

 

 

 

 

 

 

123.0

 

 

 

123.0

 

Rental revenue

 

 

131.5

 

 

 

 

 

 

131.5

 

 

 

113.0

 

 

 

 

 

 

113.0

 

Rental equipment sales

 

 

 

 

 

105.0

 

 

 

105.0

 

 

 

 

 

 

97.6

 

 

 

97.6

 

Total revenues

 

$

131.5

 

 

$

1,011.7

 

 

$

1,143.2

 

 

$

113.0

 

 

$

743.5

 

 

$

856.5