XML 19 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (9,183) $ 1,808
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 25,397 25,198
Amortization of debt issuance costs 31 0
Deferred taxes (2,602) 10,646
Gain on disposal of assets (182) (284)
Retirement of rental equipment 3,096 291
Bad debt allowance 65 329
Inventory allowance 208 184
Stock-based compensation 1,738 2,195
Gain on company owned life insurance (298) (168)
Changes in operating assets and liabilities:    
Trade accounts receivables 1,430 (3,107)
Inventory (1,277) 1,033
Prepaid income taxes and prepaid expenses (460) (11,346)
Accounts payable and accrued liabilities 9,756 4,880
Deferred income 208 463
Other 600 527
NET CASH PROVIDED BY OPERATING ACTIVITIES 28,527 32,649
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of rental equipment, property and other equipment (25,710) (15,257)
Purchase of company owned life insurance (150) (296)
Proceeds from sale of property and equipment 195 394
NET CASH USED IN INVESTING ACTIVITIES (25,665) (15,159)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds of other long-term liabilities (1) (5)
Repayments of line of credit, net (417) 0
Payments of debt issuance costs (237) 0
Purchase of treasury shares (7,854) 0
Taxes paid related to net share settlement of equity awards (336) (152)
NET CASH USED IN FINANCING ACTIVITIES (8,845) (157)
NET CHANGE IN CASH AND CASH EQUIVALENTS (5,983) 17,333
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 28,925 11,592
CASH AND CASH EQUIVALENTS AT END OF PERIOD 22,942 28,925
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 30 14
Income taxes paid 0 105
NON-CASH TRANSACTIONS    
Right of use asset acquired through an operating lease $ 0 $ 77