XML 44 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Segments (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of Results of Operations by Reportable Segment

The following table presents the Company’s results of operations by reportable segment for the six months ended June 30, 2020 (amounts in millions):

 

 

 

Industrial

Equipment

 

 

Construction

Equipment

 

 

Corporate

 

 

Total

 

New and used equipment sales

 

$

94.0

 

 

$

83.3

 

 

$

 

 

$

177.3

 

Parts sales

 

 

27.0

 

 

 

29.8

 

 

 

 

 

 

56.8

 

Service revenue

 

 

38.4

 

 

 

20.2

 

 

 

 

 

 

58.6

 

Rental revenue

 

 

22.0

 

 

 

29.2

 

 

 

 

 

 

51.2

 

Rental equipment sales

 

 

8.3

 

 

 

20.4

 

 

 

 

 

 

28.7

 

Total revenue

 

$

189.7

 

 

$

182.9

 

 

$

 

 

$

372.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

2.9

 

 

 

5.1

 

 

 

3.6

 

 

 

11.6

 

Depreciation and amortization

 

 

10.6

 

 

 

20.0

 

 

 

 

 

 

30.6

 

Net income (loss)

 

$

5.1

 

 

$

(6.2

)

 

$

(20.0

)

 

$

(21.1

)

 

 

The following table presents the Company’s results of operations by reportable segment for the three months ended June 30, 2020 (amounts in millions):

 

 

 

Industrial

Equipment

 

 

Construction

Equipment

 

 

Corporate

 

 

Total

 

New and used equipment sales

 

$

51.7

 

 

$

43.4

 

 

$

 

 

$

95.1

 

Parts sales

 

 

12.0

 

 

 

16.1

 

 

 

 

 

 

28.1

 

Service revenue

 

 

17.8

 

 

 

10.6

 

 

 

 

 

 

28.4

 

Rental revenue

 

 

10.5

 

 

 

15.5

 

 

 

 

 

 

26.0

 

Rental equipment sales

 

 

3.1

 

 

 

11.4

 

 

 

 

 

 

14.5

 

Total revenue

 

$

95.1

 

 

$

97.0

 

 

$

 

 

$

192.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

1.4

 

 

 

2.7

 

 

 

1.6

 

 

 

5.7

 

Depreciation and amortization

 

 

5.4

 

 

 

11.3

 

 

 

 

 

 

16.7

 

Net income (loss)

 

$

3.6

 

 

$

(3.8

)

 

 

(3.9

)

 

$

(4.1

)

 

The following table presents the Company’s results of operations by reportable segment for the six months ended June 30, 2019 (amounts in millions):

 

 

 

Industrial

Equipment

 

 

Construction

Equipment

 

 

Corporate

 

 

Total

 

New and used equipment sales

 

$

56.8

 

 

$

49.2

 

 

$

 

 

$

106.0

 

Parts sales

 

 

21.4

 

 

 

15.7

 

 

 

 

 

 

37.1

 

Service revenue

 

 

28.2

 

 

 

11.7

 

 

 

 

 

 

39.9

 

Rental revenue

 

 

14.9

 

 

 

24.2

 

 

 

 

 

 

39.1

 

Rental equipment sales

 

 

1.8

 

 

 

14.3

 

 

 

 

 

 

16.1

 

Total revenue

 

$

123.1

 

 

$

115.1

 

 

$

 

 

$

238.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

2.0

 

 

 

3.9

 

 

 

3.6

 

 

 

9.5

 

Depreciation and amortization

 

 

6.7

 

 

 

13.8

 

 

 

 

 

 

20.5

 

Net income (loss)

 

$

3.1

 

 

$

(0.9

)

 

$

(4.4

)

 

$

(2.2

)

 

The following table presents the Company’s results of operations by reportable segment for the three months ended June 30, 2019 (amounts in millions):

 

 

 

Industrial

Equipment

 

 

Construction

Equipment

 

 

Corporate

 

 

Total

 

New and used equipment sales

 

$

35.3

 

 

$

25.9

 

 

$

 

 

$

61.2

 

Parts sales

 

 

12.4

 

 

 

8.2

 

 

 

 

 

 

20.6

 

Service revenue

 

 

16.4

 

 

 

6.3

 

 

 

 

 

 

22.7

 

Rental revenue

 

 

9.0

 

 

 

13.1

 

 

 

 

 

 

22.1

 

Rental equipment sales

 

 

1.8

 

 

 

7.5

 

 

 

 

 

 

9.3

 

Total revenue

 

$

74.9

 

 

$

61.0

 

 

$

 

 

$

135.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

1.1

 

 

 

1.9

 

 

 

2.0

 

 

 

5.0

 

Depreciation and amortization

 

 

4.0

 

 

 

7.4

 

 

 

 

 

 

11.4

 

Net income (loss)

 

$

2.4

 

 

$

0.4

 

 

 

(2.4

)

 

$

0.4

 

 

Summary of Identified Assets by Reportable Segment

The following table presents the Company’s identified assets by reportable segment  for the period ending June 30, 2020 and December 31, 2019 (amounts in millions):

 

 

 

June 30,

2020

 

 

December 31,

2019

 

Segment assets:

 

 

 

 

 

 

 

 

Industrial equipment

 

$

236.8

 

 

$

207.5

 

Construction equipment

 

 

414.8

 

 

 

246.0

 

Corporate

 

 

12.7

 

 

 

0.7

 

Total assets

 

$

664.3

 

 

$

454.2