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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net income $ 216.3 $ 157.4 $ 120.4
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 65.3 60.4 54.7
Deferred financing costs 0.5 0.5 0.4
Stock-based compensation expense 15.6 13.1 10.2
Pension settlement charges 3.8 0.0 0.0
Pension-related expense, net of funding (3.8) (1.8) (1.4)
Changes in fair value of contingent consideration (0.2) (2.1) 0.0
Amortization of interest rate swap settlement gain (1.4) (2.4) 0.0
Deferred income taxes, including change in valuation allowance 4.9 (0.3) (4.2)
Changes in operating assets and liabilities:      
Accounts receivable (9.0) (6.1) (38.0)
Inventories (24.1) 9.8 (61.0)
Prepaid expenses and other current assets (1.2) (1.7) (0.5)
Rental equipment (60.3) (44.8) (26.0)
Accounts payable 12.6 (8.5) 8.3
Customer deposits 7.2 1.1 1.3
Accrued liabilities 6.8 15.8 1.1
Income taxes (5.4) (0.5) 8.0
Other 3.7 4.5 (1.5)
Net cash provided by operating activities 231.3 194.4 71.8
Investing activities:      
Purchases of properties and equipment (40.6) (30.3) (53.0)
Payments for acquisition-related activity, net of cash acquired (39.7) (55.0) (49.8)
Other, net 1.4 1.6 3.1
Net cash used for investing activities (78.9) (83.7) (99.7)
Financing activities:      
(Decrease) increase in revolving lines of credit, net (76.5) (64.1) 81.2
Payments on long-term borrowings (3.9) (0.8) 0.0
Payments of debt financing fees 0.0 0.0 (1.9)
Purchases of treasury stock (6.7) (5.5) (16.1)
Redemptions of common stock to satisfy withholding taxes related to stock-based compensation (6.1) (7.0) (6.2)
Payments for acquisition-related activity 0.0 (0.5) 0.0
Cash dividends paid to stockholders (29.3) (23.8) (21.8)
Proceeds from stock compensation activity 2.0 3.9 0.2
Other, net (0.5) (0.1) 0.1
Net cash (used for) provided by financing activities (121.0) (97.9) 35.5
Effects of foreign exchange rate changes on cash and cash equivalents (1.3) 0.7 (0.6)
Increase in cash and cash equivalents 30.1 13.5 7.0
Cash and cash equivalents at beginning of year 61.0 47.5 40.5
Cash and cash equivalents at end of year $ 91.1 $ 61.0 $ 47.5