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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 43,466 $ 102,239
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 54,131 54,958
Deferred income taxes 11,592 (39,486)
Provision for credit losses 873 1,400
Share-based compensation 4,556 3,382
Gain on sale of property, plant and equipment (9,281)  
Gain on sale of discontinued operations   (61,513)
Gain on sale of used rental equipment (15,537) (14,250)
Foreign currency exchange loss (gain) 163 (208)
Amortization of debt issuance costs 4 4
Change in:    
Accounts receivable 9,116 (1,116)
Inventories (12,788) (6,594)
Prepaid expenses and other assets 5,817 (1,910)
Accounts payable 23,155 19,209
Accrued liabilities 166 6,046
Deferred income 23,196 9,290
Net cash provided by operating activities 138,629 71,451
Cash Flows from Investing Activities:    
Proceeds from sale of discontinued operations   268,012
Purchases of rental equipment (145,345) (128,088)
Purchases of property, plant and equipment (30,125) (11,229)
Cash paid for acquisition of businesses   (456,312)
Proceeds from sales of used rental equipment 29,334 27,410
Proceeds from sales of property, plant and equipment 12,251  
Net cash used in investing activities (133,885) (300,207)
Cash Flows from Financing Activities:    
Net (payments) borrowings under bank lines of credit (43,708) 258,885
Borrowings under term note agreement 75,000  
Taxes paid related to net share settlement of stock awards (4,082) (6,100)
Payment of dividends (23,435) (22,782)
Net cash provided by financing activities 3,775 230,003
Effect of foreign currency exchange rate changes on cash   1
Net increase in cash 8,519 1,248
Cash balance, beginning of period 877 957
Cash balance, end of period 9,396 2,205
Supplemental Disclosure of Cash Flow Information:    
Interest paid, during the period 26,394 16,802
Net income taxes (refunded) paid, during the period (4,599) 6,931
Dividends accrued during the period, not yet paid 12,150 11,937
Rental equipment acquisitions, not yet paid $ 7,634 $ 7,612