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Segments (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Company’s Segment Results

The Company’s segment results are presented in the tables below:

			Three Months Ended June 30,
			2024
(in $000s)			ERS						TES						APS						Total
Revenue:
Rental			$	100,699					$	—					$	2,298					$	102,997
Equipment sales			37,712						247,921						—						285,633
Parts and services			—						—						34,383						34,383
Total revenue			138,411						247,921						36,681						423,013
Cost of revenue:
Rentals/parts and services			29,281						—						28,562						57,843
Equipment sales			25,792						205,526						—						231,318
Depreciation of rental equipment			43,581						—						1,004						44,585
Total cost of revenue			98,654						205,526						29,566						333,746
Gross profit			$	39,757					$	42,395					$	7,115					$	89,267
			Three Months Ended June 30,
			2023
(in $000s)			ERS						TES						APS						Total
Revenue:
Rental			$	117,832					$	—					$	4,337					122,169
Equipment sales			50,694						251,423						—						302,117
Parts and services			—						—						32,544						32,544
Total revenue			168,526						251,423						36,881						456,830
Cost of revenue:
Rentals/parts and services			31,341						—						25,988						57,329
Equipment sales			39,802						205,464						—						245,266
Depreciation of rental equipment			42,805						—						811						43,616
Total cost of revenue			113,948						205,464						26,799						346,211
Gross profit			$	54,578					$	45,959					$	10,082					$	110,619

			Six Months Ended June 30,
			2024
(in $000s)			ERS						TES						APS						Total
Revenue:
Rental			$	203,987					$	—					$	5,181					$	209,168
Equipment sales			70,452						487,783						—						558,235
Parts and services			—						—						66,917						66,917
Total revenue			274,439						487,783						72,098						834,320
Cost of revenue:
Rentals/parts and services			59,081						—						54,816						113,897
Equipment sales			49,890						402,228						—						452,118
Depreciation of rental equipment			86,278						—						2,051						88,329
Total cost of revenue			195,249						402,228						56,867						654,344
Gross profit			$	79,190					$	85,555					$	15,231					$	179,976
			Six Months Ended June 30,
			2023
(in $000s)			ERS						TES						APS						Total
Revenue:
Rental			$	231,616					$	—					$	8,841					$	240,457
Equipment sales			142,830						460,577						—						603,407
Parts and services			—						—						65,129						65,129
Total revenue			374,446						460,577						73,970						908,993
Cost of revenue:
Rentals/parts and services			60,401						—						52,975						113,376
Equipment sales			110,883						380,508						—						491,391
Depreciation of rental equipment			82,317						—						1,629						83,946
Total cost of revenue			253,601						380,508						54,604						688,713
Gross profit			$	120,845					$	80,069					$	19,366					$	220,280

Schedule of Reconciliation of Consolidated Gross Profit to Consolidated Income (Loss) Before Income Taxes

The following table presents a reconciliation of consolidated gross profit to consolidated income (loss) before income taxes:

			Three Months Ended June 30,												Six Months Ended June 30,
(in $000s)			2024						2023						2024						2023
Gross profit			$	89,267					$	110,619					$	179,976					$	220,280
Selling, general and administrative expenses			55,697						58,028						113,692						115,019
Amortization			6,692						6,606						13,270						13,278
Non-rental depreciation			3,360						2,721						6,280						5,371
Transaction expenses and other			5,844						3,689						10,690						7,149
Interest expense, net			42,401						31,625						80,316						60,801
Financing and other expense (income)			(3,319)						(5,048)						(6,581)						(8,999)
Income (loss) before income taxes			$	(21,408)					$	12,998					$	(37,691)					$	27,661

Schedule of Total Assets by Country

The following table presents total assets by country:

(in $000s)			June 30, 2024						December 31, 2023
Assets:
United States			$	3,405,053					$	3,243,619
Canada			118,515						124,178
Total Assets			$	3,523,568					$	3,367,797

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

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-Name Accounting Standards Codification
-Topic 280
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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