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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net earnings $ 27,687 $ 47,330
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation of rental merchandise 315,015 288,434
Bad debt expense 5,533 5,861
Stock-based compensation expense 11,940 115,681
Depreciation 21,818 16,609
Loss on sale or disposal of property assets 582 332
Amortization of intangibles 12,912 14,506
Amortization of financing fees 1,585 1,574
Deferred income taxes (17,231) (129,065)
Changes in operating assets and liabilities, net of acquired assets    
Rental merchandise (269,025) (232,944)
Receivables (2,941) 4,232
Prepaid expenses and other assets 7,574 1,237
Operating lease right-of-use assets and lease liabilities 250 87
Accounts payable – trade (57,417) (36,795)
Accrued liabilities (12,861) 8,338
Net cash provided by operating activities 45,421 105,417
Cash flows from investing activities    
Purchase of property assets (11,817) (9,534)
Proceeds from sale of property assets 97 3
Acquisitions of businesses 0 (39)
Net cash used in investing activities (11,720) (9,570)
Cash flows from financing activities    
Exercise of stock options 855 684
Shares withheld for payment of employee tax withholdings (2,978) (2,535)
Proceeds from debt 60,000 0
Repayments of debt (79,188) (42,042)
Dividends paid (21,491) (25,515)
Net cash used in financing activities (42,802) (69,408)
Effect of exchange rate changes on cash 189 1,118
Net (decrease) increase in cash and cash equivalents (8,912) 27,557
Cash and cash equivalents at beginning of period 93,705 144,141
Cash and cash equivalents at end of period $ 84,793 $ 171,698