XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue        
Total revenue $ 482,058 $ 447,220 $ 1,415,773 $ 1,281,540
Cost of Revenue        
Depreciation of rental equipment 54,775 45,956 158,873 134,285
Total cost of revenue 381,305 355,391 1,126,942 1,009,735
Gross Profit 100,753 91,829 288,831 271,805
Operating Expenses        
Selling, general and administrative expenses 54,863 54,630 173,479 168,322
Amortization 6,683 6,696 20,274 19,966
Non-rental depreciation 3,332 3,472 9,904 9,752
Transaction expenses and other 3,246 3,994 12,209 14,684
Total operating expenses 68,124 68,792 215,866 212,724
Operating Income 32,629 23,037 72,965 59,081
Other Expense        
Interest expense, net 40,247 43,875 119,364 124,191
Financing and other expense (income) (874) (2,818) (3,261) (9,399)
Total other expense 39,373 41,057 116,103 114,792
Income (Loss) Before Income Taxes (6,744) (18,020) (43,138) (55,711)
Income Tax Expense (Benefit) (988) (604) 8,789 518
Net Income (Loss) (5,756) (17,416) (51,927) (56,229)
Other Comprehensive Income (Loss):        
Unrealized foreign currency translation adjustments (1,769) 1,310 3,069 (2,159)
Other Comprehensive Income (Loss) (1,769) 1,310 3,069 (2,159)
Comprehensive Income (Loss) $ (7,525) $ (16,106) $ (48,858) $ (58,388)
Net Income (Loss) Per Share:        
Basic (in dollars per share) $ (0.03) $ (0.07) $ (0.23) $ (0.24)
Diluted (in dollars per share) $ (0.03) $ (0.07) $ (0.23) $ (0.24)
Weighted-Average Common Shares Outstanding:        
Basic (in shares) 226,560 234,438 227,098 238,162
Diluted (in shares) 226,560 234,438 227,098 238,162
Rental revenue        
Revenue        
Total revenue $ 127,142 $ 108,324 $ 364,217 $ 317,492
Cost of Revenue        
Cost of goods and services 30,434 29,439 91,172 88,559
Equipment sales        
Revenue        
Total revenue 320,583 305,476 950,558 863,711
Cost of Revenue        
Cost of goods and services 268,377 251,987 793,526 704,105
Parts sales and services        
Revenue        
Total revenue 34,333 33,420 100,998 100,337
Cost of Revenue        
Cost of goods and services $ 27,719 $ 28,009 $ 83,371 $ 82,786