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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net income $ 18,449 $ 14,466
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,100 19,928
Impairment of rental assets   39
Provision for doubtful accounts 156 35
Share-based compensation 1,392 864
Gain on sale of used rental equipment (4,615) (3,848)
Foreign currency exchange (gain) loss (49) 32
Amortization of debt issuance costs 3 13
Change in:    
Accounts receivable 1,457 7,745
Prepaid expenses and other assets (11,520) (3,303)
Accounts payable and accrued liabilities 9,948 (4,284)
Deferred income 8,478 (717)
Deferred income taxes 1,707 182
Net cash provided by operating activities 46,506 31,152
Cash Flows from Investing Activities:    
Purchases of rental equipment (34,132) (24,168)
Purchases of property, plant and equipment (2,753) (2,667)
Proceeds from sales of used rental equipment 9,233 7,707
Net cash used in investing activities (27,652) (19,128)
Cash Flows from Financing Activities:    
Net repayments under bank lines of credit (9,103) (2,831)
Taxes paid related to net share settlement of stock awards (1,555) (971)
Payment of dividends (8,248) (6,300)
Net cash used in financing activities (18,906) (10,102)
Effect of foreign currency exchange rate changes on cash (14) 25
Net increase (decrease) in cash (66) 1,947
Cash balance, beginning of period 1,508 2,501
Cash balance, end of period 1,442 4,448
Supplemental Disclosure of Cash Flow Information:    
Interest paid, during the period 2,828 2,537
Net income taxes paid, during the period 710 1,572
Dividends accrued during the period, not yet paid 9,088 8,237
Rental equipment acquisitions, not yet paid $ 11,004 $ 6,930