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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash $ 4.5 $ 31.0
Accounts receivable, net of allowances of $14.5 and $12.4 as of June 30, 2024 and December 31, 2023, respectively 251.9 249.3
Inventories, net 547.3 530.7
Prepaid expenses and other current assets 32.2 27.0
Total current assets 835.9 838.0
NON-CURRENT ASSETS    
Property and equipment, net 485.4 464.8
Operating lease right-of-use assets, net 110.1 110.9
Goodwill 78.1 76.7
Other intangible assets, net 61.2 66.3
Other assets 20.6 14.2
TOTAL ASSETS 1,591.3 1,570.9
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current portion of long-term debt 9.4 7.7
Accounts payable 93.8 97.0
Customer deposits 19.1 17.4
Accrued expenses 52.5 59.7
Current operating lease liabilities 15.5 15.9
Current deferred revenue 14.6 16.2
Other current liabilities 7.2 23.9
Total current liabilities 610.4 635.1
NON-CURRENT LIABILITIES    
Lines of credit, net 214.2 315.9
Long-term debt, net of current portion 477.4 312.3
Finance lease obligations, net of current portion 35.7 31.1
Deferred revenue, net of current portion 4.1 4.2
Long-term operating lease liabilities, net of current portion 99.7 99.6
Deferred tax liabilities 10.8 7.7
Other liabilities 13.8 15.3
TOTAL LIABILITIES 1,466.1 1,421.2
CONTINGENCIES - NOTE 11
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value per share, 1,000,000 shares authorized, 1,200 shares issued and outstanding at both June 30, 2024 and December 31, 2023 (1,200,000 Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock)
Common stock, $0.0001 par value per share, 200,000,000 shares authorized; 32,950,141 and 32,369,820 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively
Additional paid-in capital 240.7 233.8
Treasury stock at cost, 1,093,516 and 862,182 shares of common stock held at both June 30, 2024 and December 31, 2023, respectively (7.9) (5.9)
Accumulated deficit (105.6) (76.4)
Accumulated other comprehensive loss (2.0) (1.8)
TOTAL STOCKHOLDERS’ EQUITY 125.2 149.7
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,591.3 1,570.9
New Equipment    
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Floor plan payable 298.4 297.8
Used and Rental Equipment    
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Floor plan payable $ 99.9 $ 99.5