v3.25.0.1
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables set forth certain information regarding significant expense categories for the years ended December 31, 2024, 2023, and 2022, respectively.
Year Ended December 31,
(in thousands)202420232022
Revenues:
Leasing and services revenue:
Unit leasing and other rental-related$1,442,235 $1,441,987 $1,278,065 
VAPS and third party leasing397,640 391,948 343,625 
Delivery revenue224,371 273,598 267,320 
Installation revenue194,510 163,581 161,832 
Sales revenue:
New units74,499 48,129 40,338 
Rental units62,463 45,524 51,443 
Total revenues2,395,718 2,364,767 2,142,623 
Less:(a)
Costs of leasing and services:
Unit leasing316,422 328,124 311,441 
VAPS and third party leasing68,656 70,343 65,427 
Delivery176,551 185,639 194,821 
Installation152,329 131,478 127,815 
Costs of sales:
New units45,554 26,439 24,011 
Rental units32,224 23,141 26,907 
Employee SG&A expense(b)
247,886 257,327 268,136 
Other segment items(c)
292,936 280,811 240,191 
Adjusted EBITDA from continuing operations$1,063,160 $1,061,465 $883,874 
(a) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(b) Employee SG&A expense consists of salaries and wages, bonus, commissions, payroll taxes, and employee benefits.
(c) Other segment items consist of service agreements and professional fees, real estate and occupancy costs, travel, bad debt expense, marketing and advertising, taxes, and other miscellaneous expenses.
The following tables present a reconciliation of the Company’s Income from continuing operations to Adjusted EBITDA for the years ended December 31, 2024, 2023, and 2022, respectively:
Year Ended December 31,
(in thousands)202420232022
Income from continuing operations$28,129 $341,844 $276,341 
Income tax expense from continuing operations8,475 126,575 88,863 
Depreciation and amortization384,972 338,654 319,099 
Interest expense, net227,311 205,040 146,278 
Impairment loss on intangible asset132,540 — — 
Restructuring costs, lease impairment expense and other related charges9,435 22 168 
Currency losses, net593 6,754 886 
Transaction costs651 2,259 25 
Integration costs7,521 10,366 15,484 
Impairment loss on long-lived asset374 — — 
Stock compensation expense35,966 34,486 29,613 
Termination fee180,000 — — 
Other(a)
47,193 (4,535)7,117 
Adjusted EBITDA from continuing operations$1,063,160 $1,061,465 $883,874 
(a) Includes $42.4 million in legal and professional fees related to the terminated McGrath transaction for the year ended December 31, 2024.