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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash $ 11.1 $ 13.4
Accounts receivable, net of allowances of $11.6 and $10.7 as of March 31, 2025 and December 31, 2024, respectively 207.8 199.7
Inventories, net 544.6 535.9
Prepaid expenses and other current assets 28.3 25.5
Total current assets 791.8 774.5
NON-CURRENT ASSETS    
Property and equipment, net 84.8 81.6
Rental fleet, net 362.7 358.8
Operating lease right-of-use assets, net 112.3 113.0
Goodwill 78.0 77.5
Other intangible assets, net 52.2 54.7
Other assets 22.7 20.3
TOTAL ASSETS 1,504.5 1,480.4
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current portion of long-term debt 11.2 10.5
Accounts payable 94.5 91.5
Customer deposits 15.0 14.8
Accrued expenses 63.7 51.2
Current operating lease liabilities 14.8 15.1
Current deferred revenue 11.8 13.0
Other current liabilities 5.6 6.6
Total current liabilities 583.9 577.2
NON-CURRENT LIABILITIES    
Lines of credit, net 217.1 179.8
Long-term debt, net of current portion 480.8 480.0
Finance lease obligations, net of current portion 37.1 35.5
Deferred revenue, net of current portion 4.6 4.3
Long-term operating lease liabilities, net of current portion 103.4 103.5
Deferred tax liabilities 11.2 10.8
Other liabilities 10.4 11.7
TOTAL LIABILITIES 1,448.5 1,402.8
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 March 31, 2025 and December 31, 2024 (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; 33,191,065 and 32,762,135 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively
Additional paid-in capital 245.1 243.5
Treasury stock at cost, 1,587,702 shares of common stock held at both March 31, 2025 and December 31, 2024 (11.7) (11.7)
Accumulated deficit (172.8) (149.3)
Accumulated other comprehensive loss (4.6) (4.9)
TOTAL STOCKHOLDERS’ EQUITY 56.0 77.6
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,504.5 1,480.4
New Equipment    
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Floor plan payable 297.3 293.4
Used and Rental Equipment    
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Floor plan payable $ 70.0 $ 81.1