XML 22 R6.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 31, 2025
Oct. 31, 2024
OPERATING ACTIVITIES    
Net income (loss) $ 24.0 $ (56.5)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Rental product depreciation and write-offs 32.9 35.5
Write-off of rental product sold 11.7 12.1
Other depreciation and amortization 7.8 9.6
Loss from write-off of fixed and intangible assets and lease termination 0.0 0.2
Proceeds from rental product sold (19.7) (20.1)
(Gain) / loss from liquidation of rental product (0.4) 0.6
Gain on Debt Restructuring (96.3) 0.0
Accrual of paid-in-kind interest 22.2 0.0
Amortization of debt discount (0.8) 20.0
Share-based compensation expense 3.8 7.6
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 0.3 3.3
Operating lease right-of-use assets 2.1 2.0
Other assets (3.3) (1.1)
Accounts payable, accrued expenses and other current liabilities 12.0 0.2
Deferred revenue and customer credit liabilities 2.7 0.7
Operating lease liabilities (3.3) (2.4)
Other liabilities 0.7 (0.2)
Net cash (used in) provided by operating activities (3.6) 11.5
INVESTING ACTIVITIES    
Purchases of rental product (61.9) (41.4)
Proceeds from liquidation of rental product 2.2 3.4
Proceeds from sale of rental product 19.7 20.1
Purchases of fixed and intangible assets (2.9) (2.9)
Net cash (used in) provided by investing activities (42.9) (20.8)
FINANCING ACTIVITIES    
Proceeds from issuance of common stock 12.5 0.0
Proceeds from long-term debt 20.0 0.0
Debt restructuring costs paid (11.6) 0.0
Deferred financing costs paid (0.4) 0.0
Deferred equity issuance costs paid (0.2) 0.0
Proceeds from short-term financing agreements 1.1 0.0
Other financing payments (2.0) (1.6)
Net cash (used in) provided by financing activities 19.4 (1.6)
Net (decrease) increase in cash and cash equivalents and restricted cash (27.1) (10.9)
Cash and cash equivalents and restricted cash at beginning of period 86.5 94.0
Cash and cash equivalents and restricted cash at end of period 59.4 83.1
Reconciliation of Cash and Cash Equivalents and Restricted Cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 50.7 74.1
Restricted cash, current 4.5 4.6
Restricted cash, noncurrent 4.2 4.4
Total cash and cash equivalents and restricted cash 59.4 83.1
Cash payments (receipts) for:    
Fixed operating lease payments, net 8.6 8.2
Fixed assets and intangibles received in the prior period 0.0 0.3
Rental product received in the prior period 2.7 1.4
Non-cash financing and investing activities:    
Financing lease right-of-use asset amortization 0.2 0.4
ROU assets obtained in exchange for lease liabilities 0.4 0.0
Adjustments to ROU assets or lease liabilities due to modification or other reassessment events to operating and finance leases 0.1 0.0
Purchases of fixed assets and intangibles not yet settled 0.1 0.1
Purchases of rental product not yet settled 8.8 6.7
Debt and rights offering costs not yet settled 0.4 0.0
Change in common stock related to debt restructuring $ 107.6 $ 0.0