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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES    
Net loss $ (20.8) $ (24.0)
Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities:    
Depreciation and amortization 95.8 75.0
Amortization of debt discount and debt issuance costs 2.0 1.8
Imputed interest 0.2 0.1
Gain on sale of assets (0.1)  
Gain on sale of rental equipment (21.6) (10.9)
Inventory obsolescence 0.9 1.0
Provision for bad debt 4.2 4.3
Loss on debt extinguishment 11.9 7.6
Share based compensation 1.2 6.7
Repayment of paid-in-kind interest   (11.2)
Changes in deferred taxes 3.6 (6.6)
Changes in:    
Accounts receivable (40.7) (1.5)
Inventories (154.1) (136.5)
Proceeds from sale of rental equipment 144.5 86.4
Prepaid expenses and other assets (10.7) (5.3)
Proceeds from floor plans with manufacturers 381.4 338.1
Payments under floor plans with manufacturers (396.0) (376.1)
Accounts payable, accrued expenses, customer deposits, and other current liabilities 30.2 15.8
Leases, deferred revenue and other liabilities (1.2) 0.3
Net cash provided by (used in) operating activities 30.7 (35.0)
INVESTING ACTIVITIES    
Proceeds from the sale of assets 2.3 1.4
Expenditures for rental equipment (42.3) (41.5)
Expenditures for property and equipment (8.1) (4.4)
Expenditures for guaranteed purchase obligations (1.9) (3.4)
Expenditures for acquisitions, net of cash acquired (63.4) (180.0)
Net cash used in investing activities (113.4) (227.9)
FINANCING ACTIVITIES    
Expenditures for debt issuance costs (1.7) (2.7)
Extinguishment of floor plans and line of credit   (132.9)
Extinguishment of long-term debt (153.1) (82.0)
Redemption of former shareholder notes payable   (6.7)
Extinguishment of warrant liability   (29.6)
Proceeds from lines of credit 323.0 428.7
Payments under lines of credit (382.4) (262.6)
Proceeds from floor plans with unaffiliated source 105.3 87.7
Payments under floor plans with unaffiliated source (110.1) (80.9)
Proceeds from issuance of long-term debt, net   149.4
Proceeds from issuance of notes 310.2  
Preferred dividends paid (2.6)  
Payment of promissory note (1.0)  
Payments on long-term debt (1.9) (6.8)
Payments on finance lease obligations 1.9 1.1
Equity proceeds from reverse recapitalization, net   175.7
Proceeds from issuance of common stock, net   4.0
Proceeds from issuance of preferred stock, net   28.2
Proceeds from disgorgement of short swing profits   1.6
Repurchases of common stock   (5.9)
Net cash provided by financing activities 83.8 264.1
NET CHANGE IN CASH 1.1 1.2
Cash, Beginning of year 1.2  
Cash, End of period 2.3 1.2
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest $ 20.2 $ 29.3