XML 59 R45.htm IDEA: XBRL DOCUMENT v3.25.0.1

Segments (Tables)

12 Months Ended

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

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph b
-SubTopic 10
-Topic 280
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration