Business Combinations (Tables)

9 Months Ended

Sep. 30, 2022

Business Acquisition [Line Items]

Summary of Net Assets Acquired from Acquisition

The following table summarizes the net assets acquired from the 2022 acquisition (amounts in millions):

	YIT
Cash	$	2.3
Accounts receivable, net of allowances		9.5
Inventories, net		7.5
Prepaid expenses and other current assets		0.1
Rental fleet, net		21.3
Property and equipment, net		2.0
Operating lease right-of-use assets, net		2.2
Goodwill		2.3
Total Assets	$	47.2
Accounts payable	$	(1.5	)
Accrued expenses		(1.5	)
Current operating lease liabilities		(0.8	)
Current portion of deferred revenue		(1.1	)
Other current liabilities		(1.4	)
Total liabilities	$	(6.3	)
Net Assets Acquired	$	40.9
Assets acquired net of cash	$	38.6

The following table summarizes the net assets acquired by segment from the 2021 acquisitions (amounts in millions):

	Material Handling			Construction			Total
Cash	$	0.5		$	1.2		$	1.7
Accounts receivable, net of allowances		0.9			8.1			9.0
Inventories, net		0.6			27.5			28.1
Prepaid expenses and other current assets		0.4			—			0.4
Rental fleet, net		—			13.1			13.1
Property and equipment, net		0.6			3.3			3.9
Operating lease right-of-use assets, net		2.3			6.6			8.9
Other intangible assets, net		0.9			12.6			13.5
Goodwill		1.5			27.3			28.8
Total Assets	$	7.7		$	99.7		$	107.4
Floor plan payable	$	—		$	(17.1	)	$	(17.1	)
Accounts payable		(0.3	)		(4.7	)		(5.0	)
Accrued expenses		(0.1	)		(2.7	)		(2.8	)
Customer deposits		(0.6	)		(1.4	)		(2.0	)
Current operating lease liabilities		(0.2	)		(0.4	)		(0.6	)
Current portion of deferred revenue		—			—			—
Other current liabilities		(0.9	)		—			(0.9	)
Deferred tax liability		—			(3.7	)		(3.7	)
Long-term operating lease liabilities		(2.1	)		(6.2	)		(8.3	)
Other liabilities		—			(0.8	)		(0.8	)
Total liabilities	$	(4.2	)	$	(37.0	)	$	(41.2	)
Net Assets Acquired	$	3.5		$	62.7		$	66.2
Assets acquired net of cash	$	3.0		$	61.5		$	64.5