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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 508.1 $ 516.2 $ 1,458.9 $ 1,433.0
Expenses:        
Direct operating 197.7 194.4 575.3 584.9
Depreciation of rental equipment 102.7 98.3 303.6 288.6
Cost of sales of rental equipment 36.7 51.1 170.2 168.9
Cost of sales of new equipment, parts and supplies 7.2 10.6 25.8 27.7
Selling, general and administrative 76.2 78.4 221.2 229.2
Restructuring 0.0 0.0 7.8 1.0
Interest expense, net 81.9 38.6 146.4 103.0
Other income, net 0.5 (0.4) (1.8) (0.8)
Total expenses 502.9 471.0 1,448.5 1,402.5
Income before income taxes 5.2 45.2 10.4 30.5
Income tax benefit 4.2 1.0 2.0 5.3
Net income $ 9.4 $ 46.2 $ 12.4 $ 35.8
Weighted average shares outstanding:        
Basic 28.7 28.5 28.7 28.4
Diluted 29.1 28.9 29.1 28.9
Earnings per share:        
Basic $ 0.33 $ 1.62 $ 0.43 $ 1.26
Diluted $ 0.32 $ 1.60 $ 0.43 $ 1.24
Equipment rental        
Revenues:        
Total revenues $ 459.6 $ 449.0 $ 1,244.8 $ 1,210.6
Sales of rental equipment        
Revenues:        
Total revenues 35.4 50.1 171.8 175.6
Sales of new equipment, parts and supplies        
Revenues:        
Total revenues 10.0 14.2 34.1 36.4
Service and other revenue        
Revenues:        
Total revenues $ 3.1 $ 2.9 $ 8.2 $ 10.4