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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash $ 1.8 $ 1.2
Accounts receivable, net 154.9 137.8
Inventories, net 224.9 229.0
Prepaid expenses and other current assets 21.8 13.6
Total current assets 403.4 381.6
PROPERTY AND EQUIPMENT, NET 327.0 311.9
OTHER ASSETS    
Goodwill 24.4 24.3
Intangible assets, net 27.0 26.3
Other assets 1.3 2.1
Total other assets 52.7 52.7
TOTAL ASSETS 783.1 746.2
CURRENT LIABILITIES    
Lines of credit, net 31.3 157.7
Current portion of long-term debt   7.8
Accounts payable 67.5 58.9
Customer deposits 13.6 9.3
Accrued expenses 34.4 30.1
Other current liabilities 15.8 13.1
Total current liabilities 320.2 434.3
LONG-TERM LIABILITIES    
Long-term debt, net of current portion 309.3 135.0
Capital lease obligations, net of current portion 0.3 0.6
Buyback residual obligations, net of current portion 0.5 0.7
Lease liability, net of current portion 1.9 2.5
Guaranteed purchase obligation, net of current portion 5.6 6.9
Other liabilities 9.3 9.3
TOTAL LIABILITIES 647.1 589.3
CONTINGENCIES - NOTE 11
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, 1,200,000 Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock, $0.0001 par value per share, issued and outstanding at June 30, 2021 and December 31, 2020
Additional paid-in capital 216.7 216.2
Treasury stock (5.9) (5.9)
Accumulated deficit (74.8) (53.4)
TOTAL STOCKHOLDERS’ EQUITY 136.0 156.9
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 783.1 746.2
New Equipment    
CURRENT LIABILITIES    
Floor plan payable 118.4 127.6
Used and Rental Equipment    
CURRENT LIABILITIES    
Floor plan payable $ 39.2 $ 29.8