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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash $ 13.4 $ 31.0
Accounts receivable, net of allowances of $10.7 and $12.4 as of December 31, 2024 and December 31, 2023 respectively 199.7 249.3
Inventories, net 535.9 530.7
Prepaid expenses and other current assets 25.5 27.0
Total current assets 774.5 838.0
NON-CURRENT ASSETS    
Property and equipment, net 81.6 73.4
Rental fleet, net 358.8 391.4
Operating lease right-of-use assets, net 113.0 110.9
Goodwill 77.5 76.7
Other intangible assets, net 54.7 66.3
Other assets 20.3 14.2
TOTAL ASSETS 1,480.4 1,570.9
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current portion of long-term debt 10.5 7.7
Accounts payable 91.5 97.0
Customer deposits 14.8 17.4
Accrued expenses 51.2 59.7
Current operating lease liabilities 15.1 15.9
Current deferred revenue 13.0 16.2
Other current liabilities 6.6 23.9
Total current liabilities 577.2 635.1
NON-CURRENT LIABILITIES    
Lines of credit, net 179.8 315.9
Long-term debt, net of current portion 480.0 312.3
Finance lease obligations, net of current portion 35.5 31.1
Deferred revenue, net of current portion 4.3 4.2
Long-term operating lease liabilities, net of current portion 103.5 99.6
Deferred tax liabilities 10.8 7.7
Other liabilities 11.7 15.3
TOTAL LIABILITIES 1,402.8 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 December 31, 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; 32,762,135 and 32,369,820 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively
Additional paid-in capital 243.5 233.8
Treasury stock at cost, 1,587,702 and 862,182 shares of common stock held at both December 31, 2024 and December 31, 2023, respectively (11.7) (5.9)
Accumulated deficit (149.3) (76.4)
Accumulated other comprehensive loss (4.9) (1.8)
TOTAL STOCKHOLDERS’ EQUITY 77.6 149.7
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,480.4 1,570.9
New Equipment    
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Floor plan payable 293.4 297.8
Used and Rental Equipment    
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Floor plan payable $ 81.1 $ 99.5