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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 8,301 $ 18,085
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred financing costs write-off   123
Provision for doubtful accounts 955 1,212
Amortization of deferred financing costs 455 505
Amortization of long-term liabilities   13
Share-based compensation expense 2,682 3,404
Depreciation and amortization 17,492 17,335
Gain on sale of rental fleet (1,444) (1,425)
Loss on disposal of property, plant and equipment 26 18
Deferred income taxes 4,386 5,058
Foreign currency exchange 3 (1)
Changes in certain assets and liabilities:    
Receivables 3,365 16,180
Inventories (154) 76
Other assets 1,381 (1,394)
Accounts payable 9,490 (1,741)
Accrued liabilities (13,715) (18,665)
Net cash provided by operating activities 33,223 38,783
Cash flows from investing activities:    
Cash paid for business acquired, net of cash acquired (4,808)  
Additions to rental fleet, excluding acquisitions (10,051) (23,016)
Proceeds from sale of rental fleet 3,474 3,338
Additions to property, plant and equipment, excluding acquisitions (4,174) (2,919)
Proceeds from sale of property, plant and equipment 15 49
Net cash used in investing activities (15,544) (22,548)
Cash flows from financing activities:    
Net borrowings under lines of credit 2,100 203
Deferred financing costs   (3,254)
Principal payments on finance lease obligations (3,204) (2,586)
Issuance of common stock 753 1,690
Dividend payments (13,575) (12,426)
Purchase of treasury stock (900) (1,057)
Net cash used in financing activities (14,826) (17,430)
Effect of exchange rate changes on cash (111) (114)
Net increase (decrease) in cash 2,742 (1,309)
Cash and cash equivalents at beginning of period 8,053 5,605
Cash and cash equivalents at end of period 10,795 4,296
Supplemental disclosure of cash flow information:    
Cash paid for interest 12,608 14,276
Cash paid for income and franchise taxes 1,913 2,020
Equipment and other acquired through finance lease obligations 4,343 1,609
Capital expenditures accrued or payable $ 5,053 $ 8,012