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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net earnings $ 40,278 $ 61,636
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation of rental merchandise 680,838 639,709
Bad debt expense 36,697 9,459
Stock-based compensation expense 24,675 19,988
Depreciation of property assets 36,543 39,710
Gain on sale or disposal of property assets 332 537
Amortization of intangibles 28,853 24,072
Amortization of financing fees 2,264 3,017
Write-off of debt financing fees 0 4,817
Deferred income taxes (27,882) (15,248)
Changes in operating assets and liabilities, net of acquired assets    
Rental merchandise (632,239) (598,621)
Receivables (25,682) (13,605)
Prepaid expenses and other assets (25,016) (1,779)
Operating lease right-of-use assets and lease liabilities (1,178) 4,761
Accounts payable – trade (22,586) (63,248)
Accrued liabilities 29,653 (54,744)
Net cash provided by operating activities 145,550 60,461
Cash flows from investing activities    
Purchase of property assets (28,823) (26,244)
Proceeds from sale of assets 32 140
Acquisitions of businesses, net of cash acquired (276,151) 0
Net cash used in investing activities (304,942) (26,104)
Cash flows from financing activities    
Exercise of stock options 162 1,050
Shares withheld for payment of employee tax withholdings (6,707) (3,054)
Debt issuance costs 0 (5,186)
Proceeds from debt 549,000 165,000
Repayments of debt 294,375 160,375
Dividends paid (43,483) (41,750)
Net cash provided by (used in) financing activities 204,597 (44,315)
Effect of exchange rate changes on cash 776 (1,232)
Net increase (decrease) in cash and cash equivalents 45,981 (11,190)
Cash and cash equivalents at beginning of period 60,860 93,705
Cash and cash equivalents at end of period $ 106,841 $ 82,515