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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net earnings (loss) $ 61,636 $ 1,712
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation of rental merchandise 639,709 571,076
Bad debt expense 9,459 11,833
Stock-based compensation expense 19,988 131,106
Depreciation of property assets 39,710 32,934
Loss on sale or disposal of property assets 537 366
Amortization of intangibles 24,072 29,012
Amortization of financing fees 3,017 3,164
Write-off of debt financing fees 4,817 0
Deferred income taxes (15,248) (78,822)
Changes in operating assets and liabilities, net of acquired assets    
Rental merchandise (598,621) (514,053)
Receivables (13,605) 1,237
Prepaid expenses and other assets (1,779) 4,932
Operating lease right-of-use assets and lease liabilities 4,761 378
Accounts payable – trade (63,248) (51,939)
Accrued liabilities (54,744) (976)
Net cash provided by operating activities 60,461 141,960
Cash flows from investing activities    
Purchase of property assets (26,244) (21,394)
Proceeds from sale of assets 140 5
Acquisitions of businesses 0 (39)
Net cash used in investing activities (26,104) (21,428)
Cash flows from financing activities    
Exercise of stock options 1,050 1,055
Shares withheld for payment of employee tax withholdings (3,054) (2,535)
Debt issuance costs (5,186) 0
Proceeds from debt 165,000 0
Repayments of debt (160,375) (134,218)
Dividends paid (41,750) (44,336)
Net cash used in financing activities (44,315) (180,034)
Effect of exchange rate changes on cash (1,232) 2,162
Net decrease in cash and cash equivalents (11,190) (57,340)
Cash and cash equivalents at beginning of period 93,705 144,141
Cash and cash equivalents at end of period $ 82,515 $ 86,801