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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash $ 13.2 $ 13.4
Accounts receivable, net of allowances of $11.9 and $10.7 as of June 30, 2025 and December 31, 2024, respectively 205.3 199.7
Inventories, net 484.5 535.9
Prepaid expenses and other current assets 36.1 25.5
Total current assets 739.1 774.5
NON-CURRENT ASSETS    
Property and equipment, net 81.4 81.6
Rental fleet, net 355.1 358.8
Operating lease right-of-use assets, net 111.6 113.0
Goodwill 78.6 77.5
Other intangible assets, net 50.3 54.7
Other assets 19.9 20.3
TOTAL ASSETS 1,436.0 1,480.4
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current portion of long-term debt 11.3 10.5
Accounts payable 96.3 91.5
Customer deposits 13.1 14.8
Accrued expenses 48.4 51.2
Current operating lease liabilities 14.9 15.1
Current deferred revenue 12.6 13.0
Other current liabilities 4.8 6.6
Total current liabilities 531.0 577.2
NON-CURRENT LIABILITIES    
Lines of credit, net 216.2 179.8
Long-term debt, net of current portion 481.8 480.0
Finance lease obligations, net of current portion 34.6 35.5
Deferred revenue, net of current portion 5.1 4.3
Long-term operating lease liabilities, net of current portion 102.8 103.5
Deferred tax liabilities 10.1 10.8
Other liabilities 10.5 11.7
TOTAL LIABILITIES 1,392.1 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 June 30, 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; 32,046,258 and 32,762,135 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively
Additional paid-in capital 246.0 243.5
Treasury stock at cost, 2,733,306 and 1,587,702 shares of common stock held at June 30, 2025 and December 31, 2024, respectively (18.2) (11.7)
Accumulated deficit (181.6) (149.3)
Accumulated other comprehensive loss (2.3) (4.9)
TOTAL STOCKHOLDERS’ EQUITY 43.9 77.6
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,436.0 1,480.4
New Equipment    
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Floor plan payable 260.9 293.4
Used and Rental Equipment    
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Floor plan payable $ 68.7 $ 81.1