XML 20 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities [Abstract]      
Net earnings (loss) $ 8,492 $ 6,653 $ (105,195)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities [Abstract]      
Depreciation of rental merchandise 616,640 618,390 657,090
Bad debt expense 14,610 15,702 15,449
Stock-based compensation expense 5,961 3,896 9,209
Depreciation for property assets 68,275 73,685 77,361
Loss on sale or disposal of property assets 7,388 15,795 3,718
Goodwill impairment charge 0 0 151,320
Amortization of impairment of intangibles 671 4,908 2,176
Amortization of financing fees 5,486 4,667 2,217
Write-off of debt financing fees 475 1,936 0
Deferred income taxes 6,816 (86,063) (32,994)
Changes in operating assets and liabilities, net of effects of acquisitions      
Rental merchandise (569,717) (487,130) (523,697)
Receivables (14,431) (15,741) (15,914)
Prepaid expenses and other assets 13,105 (9,622) 104,379
Accounts payable - trade 23,486 (17,886) 11,883
Accrued liabilities 40,248 (18,657) (2,929)
Net cash provided by operating activities 227,505 110,533 354,073
Cash flows from investing activities      
Purchase of property assets (27,962) (65,460) (61,143)
Proceeds from sale of stores 25,317 4,638 5,262
Acquisitions of businesses (2,048) (2,525) (3,098)
Net cash used in investing activities (4,693) (63,347) (58,979)
Cash flows from financing activities      
Exercise of stock options 1,401 270 0
Shares withheld for payment of employee tax withholdings (317) (225) (338)
Debt issuance costs (2,098) (5,258) 0
Proceeds from debt 27,060 347,635 52,245
Repayments of debt (166,358) (400,151) (286,065)
Dividends paid 0 (12,811) (25,554)
Net cash used in financing activities (140,312) (70,540) (259,712)
Effect of exchange rate changes on cash (77) 926 (349)
Net increase (decrease) in cash and cash equivalents 82,423 (22,428) 35,033
Cash and cash equivalents at beginning of year 72,968 95,396 60,363
Cash and cash equivalents at end of year 155,391 72,968 95,396
Supplemental cash flow information [Abstract]      
Interest 37,530 41,339 44,469
Income taxes (excludes $47,837, $7,321, and $84,884 of income taxes refunded in 2018, 2017 and 2016, respectively) $ 2,227 $ 1,983 $ 18,536