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Revenue
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue
Note 2: Revenue
Revenue Disaggregation
Geographic Areas
The Company had total revenue in the following geographic areas:
Three Months Ended September 30,Nine Months Ended September 30,
(in $000s)2025202420252024
United States$472,333 $435,919 $1,385,467 $1,247,682 
Canada9,725 11,301 30,306 33,858 
Total Revenue$482,058 $447,220 $1,415,773 $1,281,540 
Major Product Lines and Services
Equipment leasing and equipment sales are the core businesses of the Company, with leasing complemented by the sale of rental units from the rental fleet. The Company’s revenue by major product and service line for the three and nine months ended September 30, 2025 and 2024 are presented in the table below.
Three Months Ended September 30,Three Months Ended September 30,
20252024
(in $000s)Topic 842Topic 606TotalTopic 842Topic 606Total
Rental:
Rental$120,203 $— $120,203 $103,703 $— $103,703 
Shipping and handling— 6,939 6,939 — 4,621 4,621 
Total rental revenue120,203 6,939 127,142 103,703 4,621 108,324 
Sales and services:
Equipment sales383 320,200 320,583 3,701 301,775 305,476 
Parts and services1,619 32,714 34,333 2,300 31,120 33,420 
Total sales and services2,002 352,914 354,916 6,001 332,895 338,896 
Total revenue$122,205 $359,853 $482,058 $109,704 $337,516 $447,220 
Nine Months Ended September 30,Nine Months Ended September 30,
20252024
(in $000s)Topic 842Topic 606TotalTopic 842Topic 606Total
Rental:
Rental$345,127 $— $345,127 $303,418 $— $303,418 
Shipping and handling— 19,090 19,090 — 14,074 14,074 
Total rental revenue345,127 19,090 364,217 303,418 14,074 317,492 
Sales and services:   
Equipment sales3,528 947,030 950,558 8,273 855,438 863,711 
Parts and services8,001 92,997 100,998 8,170 92,167 100,337 
Total sales and services11,529 1,040,027 1,051,556 16,443 947,605 964,048 
Total revenue$356,656 $1,059,117 $1,415,773 $319,861 $961,679 $1,281,540 
Rental revenue is primarily comprised of revenues from rental agreements and freight charges billed to customers. Equipment sales recognized pursuant to sales-type leases are recorded within equipment sales revenue. Charges to customers for damaged rental equipment are recorded within parts and services revenue.
Receivables, Contract Assets and Liabilities
As of September 30, 2025 and December 31, 2024, the Company had net receivables related to contracts with customers of $85.5 million and $119.9 million, respectively. As of September 30, 2025 and December 31, 2024, the Company had net receivables related to rental contracts of $96.7 million and $95.9 million, respectively.
The Company manages credit risk associated with its accounts receivable at the customer level. Because the same customers generate the revenues that are accounted for under both Topic 606 and Topic 842, the discussions below address how credit risk and the Company's allowance for credit losses impact the Company's total revenues.
The Company’s allowance for credit losses reflects its estimate of the amount of receivables that it will be unable to collect. The estimated losses are calculated using the loss rate method based upon a review of outstanding receivables, related aging, including specific accounts if deemed necessary, and on the Company’s historical collection experience. The Company's estimates reflect changing circumstances, including changes in the economy or in the particular circumstances of individual customers, and, as a result, the Company may be required to increase or decrease its allowance.
Accounts receivable, net consisted of the following:
(in $000s)September 30, 2025December 31, 2024
Accounts receivable$199,458 $233,688 
Less: allowance for doubtful accounts(17,241)(17,815)
Accounts receivable, net$182,217 $215,873 
For the nine months ended September 30, 2025 and 2024, the Company wrote-off $8.0 million and $8.4 million, respectively, of receivables, net of recoveries.
When customers are billed for rentals in advance of the rental period, the Company defers recognition of revenue. As of September 30, 2025 and December 31, 2024, the Company had approximately $6.2 million and $4.8 million, respectively, of deferred rental revenue. All of the $4.8 million deferred rental revenue as of December 31, 2024 was recognized during the nine months ended September 30, 2025. Additionally, the Company collects deposits from customers for orders placed for equipment and rentals. The Company had approximately $21.2 million and $21.5 million in deposits as of September 30, 2025 and December 31, 2024, respectively. All of the $21.5 million deposit liability balance as of December 31, 2024 was recorded as revenue during the nine months ended September 30, 2025 due to performance obligations being satisfied. The Company’s remaining performance obligations on its equipment deposit liabilities have original expected durations of one year or less.
The Company does not have material contract assets, and as such, did not recognize any material impairments of any contract assets.