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Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Company’s Segment Results | The Company’s segment results are presented in the tables below:
| Year Ended December 31,
| 2024
(in $000s) | ERS |  | TES |  | APS |  | Total
Revenue: |  |  |  |  |  |  |
Rental | $ | 430,167 |  |  | $ | — |  |  | $ | 12,786 |  |  | $ | 442,953 |
Equipment sales | 167,638 |  |  | 1,055,398 |  |  | — |  |  | 1,223,036 |
Parts and services | — |  |  | — |  |  | 136,291 |  |  | 136,291 |
Total revenue from external customers | 597,805 |  |  | 1,055,398 |  |  | 149,077 |  |  | 1,802,280 |
Cost of revenue: |  |  |  |  |  |  |
Rentals/parts and services | 116,790 |  |  | — |  |  | 111,560 |  |  | 228,350 |
Equipment sales | 123,229 |  |  | 876,978 |  |  | — |  |  | 1,000,207 |
Depreciation of rental equipment | 179,508 |  |  | — |  |  | 3,945 |  |  | 183,453 |
Total cost of revenue from external customers | 419,527 |  |  | 876,978 |  |  | 115,505 |  |  | 1,412,010 |
Gross profit | $ | 178,278 |  |  | $ | 178,420 |  |  | $ | 33,572 |  |  | $ | 390,270 |
| Year Ended December 31,
| 2023
(in $000s) | ERS |  | TES |  | APS |  | Total
Revenue: |  |  |  |  |  |  |
Rental | $ | 463,139 |  |  | $ | — |  |  | $ | 15,771 |  |  | $ | 478,910 |
Equipment sales | 263,028 |  |  | 990,425 |  |  | — |  |  | 1,253,453 |
Parts and services | — |  |  | — |  |  | 132,737 |  |  | 132,737 |
Total revenue from external customers | 726,167 |  |  | 990,425 |  |  | 148,508 |  |  | 1,865,100 |
Cost of revenue: |  |  |  |  |  |  |
Rentals/parts and services | 118,236 |  |  | — |  |  | 105,791 |  |  | 224,027 |
Equipment sales | 198,510 |  |  | 817,639 |  |  | — |  |  | 1,016,149 |
Depreciation of rental equipment | 167,199 |  |  | — |  |  | 3,465 |  |  | 170,664 |
Total cost of revenue from external customers | 483,945 |  |  | 817,639 |  |  | 109,256 |  |  | 1,410,840 |
Gross profit | $ | 242,222 |  |  | $ | 172,786 |  |  | $ | 39,252 |  |  | $ | 454,260 |
| Year Ended December 31,
| 2022
(in $000s) | ERS |  | TES |  | APS |  | Total
Revenue: |  |  |  |  |  |  |
Rental | $ | 449,108 |  |  | $ | — |  |  | $ | 14,931 |  |  | $ | 464,039 |
Equipment sales | 212,146 |  |  | 770,195 |  |  | — |  |  | 982,341 |
Parts and services | — |  |  | — |  |  | 126,706 |  |  | 126,706 |
Total revenue from external customers | 661,254 |  |  | 770,195 |  |  | 141,637 |  |  | 1,573,086 |
Cost of revenue: |  |  |  |  |  |  |
Rentals/parts and services | 106,598 |  |  | — |  |  | 105,185 |  |  | 211,783 |
Equipment sales | 158,167 |  |  | 647,685 |  |  | — |  |  | 805,852 |
Depreciation of rental equipment | 167,962 |  |  | — |  |  | 3,741 |  |  | 171,703 |
Total cost of revenue from external customers | 432,727 |  |  | 647,685 |  |  | 108,926 |  |  | 1,189,338 |
Gross profit | $ | 228,527 |  |  | $ | 122,510 |  |  | $ | 32,711 |  |  | $ | 383,748 |
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:
| Year Ended December 31,
(in $000s) | 2024 |  | 2023 |  | 2022
Gross Profit | $ | 390,270 |  |  | $ | 454,260 |  |  | $ | 383,748 |
Selling, general and administrative expenses | 229,544 |  |  | 231,403 |  |  | 210,868 |
Amortization | 26,653 |  |  | 27,110 |  |  | 33,940 |
Non-rental depreciation | 13,292 |  |  | 10,656 |  |  | 9,414 |
Transaction expenses and other | 17,915 |  |  | 14,143 |  |  | 26,218 |
Gain on sale leaseback transaction | (23,497) |  |  | — |  |  | — |
Interest expense, net | 167,105 |  |  | 131,315 |  |  | 88,906 |
Financing and other (income) expense | (11,555) |  |  | (18,443) |  |  | (32,330) |
Income (Loss) Before Income Taxes | $ | (29,187) |  |  | $ | 58,076 |  |  | $ | 46,732 |
Schedule of Total Assets by Country | The following table presents total assets by country:
(in $000s) | December 31, 2024 |  | December 31, 2023
Assets: |  |  |
United States | $ | 3,385,786 |  |  | $ | 3,243,619 |
Canada | 116,181 |  |  | 124,178 |
| $ | 3,501,967 |  |  | $ | 3,367,797 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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