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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 405.0 $ 295.0 $ 1,143.2 $ 856.5
Cost of revenues:        
Cost of revenues 293.4 213.9 834.4 631.2
Gross profit 111.6 81.1 308.8 225.3
General and administrative expenses 94.2 72.4 265.9 208.3
Depreciation and amortization expense 3.7 2.7 11.6 7.3
Total general and administrative expenses 97.9 75.1 277.5 215.6
Income from operations 13.7 6.0 31.3 9.7
Other (expense) income        
Interest expense, floor plan payable – new equipment (0.8) (0.4) (1.6) (1.4)
Interest expense – other (7.7) (5.7) (19.8) (16.5)
Other income 0.2 0.2 0.9 0.3
Loss on extinguishment of debt       (11.9)
Total other expense (8.3) (5.9) (20.5) (29.5)
Income (loss) before taxes 5.4 0.1 10.8 (19.8)
Income tax provision 0.3   0.8 0.5
Net income (loss) 5.1 0.1 10.0 (20.3)
Preferred stock dividends (0.7) (0.7) (2.2) (1.8)
Net income (loss) available to common shareholders $ 4.4 $ (0.6) $ 7.8 $ (22.1)
Basic income (loss) per share $ 0.14 $ (0.02) $ 0.24 $ (0.70)
Diluted income (loss) per share $ 0.14 $ (0.02) $ 0.24 $ (0.70)
Basic weighted average common shares outstanding 31,981,843 32,363,376 32,091,353 31,484,906
Diluted weighted average common shares outstanding 32,138,952 32,363,376 32,290,127 31,484,906
New and Used Equipment Sales        
Revenues:        
Total revenues $ 210.1 $ 136.8 $ 579.0 $ 392.6
Cost of revenues:        
Cost of revenues 176.5 114.3 482.6 333.3
Parts Sales        
Revenues:        
Total revenues 61.8 44.8 173.5 130.3
Cost of revenues:        
Cost of revenues 40.0 30.5 116.7 89.8
Service Revenue        
Revenues:        
Total revenues 54.3 41.9 154.2 123.0
Cost of revenues:        
Cost of revenues 24.3 17.3 66.3 48.2
Rental Revenue        
Revenues:        
Total revenues 50.2 41.7 131.5 113.0
Cost of revenues:        
Cost of revenues 5.9 4.6 16.7 15.3
Rental Equipment Sales        
Revenues:        
Total revenues 28.6 29.8 105.0 97.6
Cost of revenues:        
Cost of revenues 20.8 25.0 82.6 81.7
Rental Depreciation        
Cost of revenues:        
Cost of revenues $ 25.9 $ 22.2 $ 69.5 $ 62.9