XML 47 R31.htm IDEA: XBRL DOCUMENT
v3.25.1

Segments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Company’s Segment Results | The Company’s segment results are presented in the tables below:
| Three Months Ended March 31,
| 2025
(in $000s) | ERS |  | TES |  | APS |  | Total
Revenue: |  |  |  |  |  |  |
Rental | $ | 112,965 |  |  | $ | — |  |  | $ | 3,296 |  |  | $ | 116,261 |
Equipment sales | 41,383 |  |  | 232,480 |  |  | — |  |  | 273,863 |
Parts and services | — |  |  | — |  |  | 32,108 |  |  | 32,108 |
Total revenue | 154,348 |  |  | 232,480 |  |  | 35,404 |  |  | 422,232 |
Cost of revenue: |  |  |  |  |  |  |
Rentals/parts and services | 30,388 |  |  | — |  |  | 27,740 |  |  | 58,128 |
Equipment sales | 31,007 |  |  | 197,470 |  |  | — |  |  | 228,477 |
Depreciation of rental equipment | 49,324 |  |  | — |  |  | 767 |  |  | 50,091 |
Total cost of revenue | 110,719 |  |  | 197,470 |  |  | 28,507 |  |  | 336,696 |
Gross profit | $ | 43,629 |  |  | $ | 35,010 |  |  | $ | 6,897 |  |  | $ | 85,536 |
| Three Months Ended March 31,
| 2024
(in $000s) | ERS |  | TES |  | APS |  | Total
Revenue: |  |  |  |  |  |  |
Rental | $ | 103,288 |  |  | $ | — |  |  | $ | 2,883 |  |  | 106,171 |
Equipment sales | 32,740 |  |  | 239,862 |  |  | — |  |  | 272,602 |
Parts and services | — |  |  | — |  |  | 32,534 |  |  | 32,534 |
Total revenue | 136,028 |  |  | 239,862 |  |  | 35,417 |  |  | 411,307 |
Cost of revenue: |  |  |  |  |  |  |
Rentals/parts and services | 29,800 |  |  | — |  |  | 26,254 |  |  | 56,054 |
Equipment sales | 24,098 |  |  | 196,702 |  |  | — |  |  | 220,800 |
Depreciation of rental equipment | 42,697 |  |  | — |  |  | 1,047 |  |  | 43,744 |
Total cost of revenue | 96,595 |  |  | 196,702 |  |  | 27,301 |  |  | 320,598 |
Gross profit | $ | 39,433 |  |  | $ | 43,160 |  |  | $ | 8,116 |  |  | $ | 90,709 |
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 March 31, |  |
(in $000s) | 2025 |  | 2024 |  |  |  |  |  |
Gross profit | $ | 85,536 |  |  | $ | 90,709 |  |  |  |  |  |  |
Selling, general and administrative expenses | 59,451 |  |  | 57,995 |  |  |  |  |  |  |
Amortization | 6,680 |  |  | 6,578 |  |  |  |  |  |  |
Non-rental depreciation | 3,340 |  |  | 2,920 |  |  |  |  |  |  |
Transaction expenses and other | 3,660 |  |  | 4,846 |  |  |  |  |  |  |
Interest expense, net | 38,913 |  |  | 37,915 |  |  |  |  |  |  |
Financing and other expense (income) | (1,016) |  |  | (3,262) |  |  |  |  |  |  |
Income (loss) before income taxes | $ | (25,492) |  |  | $ | (16,283) |  |  |  |  |  |  |
Schedule of Total Assets by Country | The following table presents total assets by country:
(in $000s) | March 31, 2025 |  | December 31, 2024
Assets: |  |  |
United States | $ | 3,436,633 |  |  | $ | 3,385,786 |
Canada | 106,275 |  |  | 116,181 |
Total Assets | $ | 3,542,908 |  |  | $ | 3,501,967 |

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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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