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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net income $ 28,209 $ 22,848
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,400 27,187
Deferred income taxes 2,013 4,709
Provision for credit losses 361 253
Share-based compensation 2,544 2,209
Gain on sale of property, plant and equipment   (9,281)
Gain on sale of used rental equipment (6,393) (7,355)
Foreign currency exchange (gain) loss [1] (5) 132
Amortization of debt issuance costs 23 2
Change in:    
Accounts receivable 10,099 15,165
Inventories (2,810) (9,123)
Prepaid expenses and other assets 10,974 5,298
Accounts payable (15,109) 9,145
Accrued liabilities (9,498) (13,037)
Deferred income 7,074 11,268
Net cash provided by operating activities 53,882 59,420
Cash Flows from Investing Activities:    
Purchases of rental equipment (11,533) (78,641)
Purchases of property, plant and equipment (3,992) (25,277)
Proceeds from sales of used rental equipment 12,822 13,554
Proceeds from sales of property, plant and equipment   12,251
Net cash used in investing activities (2,703) (78,113)
Cash Flows from Financing Activities:    
Net (payments) borrowings under bank lines of credit (30,894) 35,584
Taxes paid related to net share settlement of stock awards (5,616) (4,082)
Payment of dividends (12,084) (11,774)
Net cash (used in) provided by financing activities (48,594) 19,728
Net increase in cash 2,585 1,035
Cash balance, beginning of period 807 877
Cash balance, end of period 3,392 1,912
Supplemental Disclosure of Cash Flow Information:    
Interest paid, during the period 9,145 14,184
Net income taxes paid, during the period 24 479
Dividends accrued during the period, not yet paid 12,471 12,060
Rental equipment acquisitions, not yet paid $ 3,439 $ 5,795
[1] The Significant Segment Expense categories and amounts align with the segment-level information that is regularly provided to the CODM.