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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
OPERATING ACTIVITIES      
Net (loss) income $ (11.9) $ 1.0  
Adjustments to reconcile net (loss) income to net cash flows used in operating activities:      
Depreciation and amortization 34.0 28.1  
Amortization of debt discount and debt issuance costs 0.4 0.3  
Imputed interest   0.3  
Gain on sale of rental equipment (8.1) (8.1)  
Provision for inventory obsolescence 0.5 0.1  
Provision for losses on accounts receivable 1.7 1.5  
Change in fair value of derivative instruments (0.1)    
Stock based compensation expense 1.3 0.8  
Changes in deferred income taxes   (0.1)  
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable 8.0 1.3  
Inventories (66.3) (114.3)  
Proceeds from sale of rental equipment 27.6 29.0  
Prepaid expenses and other assets 5.0 (5.2)  
Manufacturers floor plans payable 0.4 57.0  
Accounts payable, accrued expenses, customer deposits, and other current liabilities (0.2) (6.5)  
Leases, deferred revenue, net of current portion and other liabilities (4.2) (5.3)  
Net cash used in operating activities (11.9) (20.1)  
INVESTING ACTIVITIES      
Expenditures for rental equipment (12.9) (14.6)  
Expenditures for property and equipment (4.4) (3.1)  
Proceeds from sale of property and equipment 0.1    
Expenditures for acquisitions, net of cash acquired   (1.7)  
Other investing activities (0.9) 0.5  
Net cash used in investing activities (18.1) (18.9)  
FINANCING ACTIVITIES      
Proceeds from line of credit and long-term borrowings 72.8 97.0  
Principal payments on line of credit, long-term debt and finance lease obligations (61.9) (59.8)  
Proceeds from non-manufacturer floor plan payable 41.0 50.7  
Payments on non-manufacturer floor plan payable (39.1) (49.7)  
Preferred stock dividends paid (0.8) (0.8)  
Common stock dividends declared and paid (1.9) (1.9)  
Other financing activities (5.5) 2.4  
Net cash provided by financing activities 4.6 37.9  
Effect of exchange rate changes on cash   0.1  
NET CHANGE IN CASH (25.4) (1.0)  
Cash, Beginning of year 31.0 2.7 $ 2.7
Cash, End of period 5.6 1.7 $ 31.0
Noncash asset purchases:      
Net transfer of assets from inventory to rental fleet within property and equipment 38.8 42.7  
Supplemental disclosures of cash flow information      
Cash paid for interest 10.6 6.8  
Cash paid for income taxes $ 0.2 $ 0.1