XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Rental income $ 34,926 $ 24,105 $ 68,660 $ 46,828
Total revenue from contracts with customers 3,565 2,852 6,738 6,749
Total revenue 38,491 26,957 75,398 53,577
Operating costs and expenses:        
Cost of rentals, exclusive of depreciation stated separately below 14,228 11,343 27,342 22,988
Cost of sales, exclusive of depreciation stated separately below 2,249 1,876 4,429 5,113
Cost of aftermarket services, exclusive of depreciation stated separately below 1,012 969 1,512 1,578
Selling, general and administrative expenses 4,791 4,860 9,493 9,422
Depreciation and amortization 7,705 6,418 14,792 12,583
Impairment expense 0 779 0 779
Retirement of rental equipment 0 0 5 0
Total operating costs and expenses 29,985 26,245 57,573 52,463
Operating income 8,506 712 17,825 1,114
Other income (expense):        
Interest expense (2,932) (185) (5,867) (185)
Other income (expense), net (30) 226 163 341
Total other income (expense), net (2,962) 41 (5,704) 156
Income before provision for income taxes 5,544 753 12,121 1,270
Income tax expense (1,294) (249) (2,773) (396)
Net income $ 4,250 $ 504 $ 9,348 $ 874
Earnings per share:        
Basic (in dollars per share) $ 0.34 $ 0.04 $ 0.75 $ 0.07
Diluted (in dollars per share) $ 0.34 $ 0.04 $ 0.75 $ 0.07
Weighted average shares outstanding:        
Basic (in shares) 12,384 12,292 12,392 12,253
Diluted (in shares) 12,483 12,394 12,484 12,374
Sales        
Revenue:        
Total revenue from contracts with customers $ 2,270 $ 1,595 $ 4,773 $ 4,587
Aftermarket services        
Revenue:        
Total revenue from contracts with customers $ 1,295 $ 1,257 $ 1,965 $ 2,162