2023 Q1 Form 10-K Financial Statement

#000095017023007039 Filed on March 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $420.7M $428.6M $1.572B
YoY Change 26.83% 20.29% 29.6%
Cost Of Revenue $299.4M $317.8M $1.152B
YoY Change 24.59% 18.94% 28.25%
Gross Profit $121.3M $110.8M $419.6M
YoY Change 32.71% 24.35% 33.46%
Gross Profit Margin 28.83% 25.85% 26.7%
Selling, General & Admin $104.0M $96.40M $362.3M
YoY Change 25.45% 26.01% 26.72%
% of Gross Profit 85.74% 87.0% 86.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.10M $30.90M $112.0M
YoY Change 16.12% 16.17% 16.91%
% of Gross Profit 23.17% 27.89% 26.69%
Operating Expenses $109.2M $101.3M $378.8M
YoY Change 25.81% 25.53% 27.8%
Operating Profit $12.10M $9.500M $40.80M
YoY Change 163.04% 13.1% 126.67%
Interest Expense $12.00M -$10.40M $31.80M
YoY Change 96.72% 62.5% 32.5%
% of Operating Profit 99.17% -109.47% 77.94%
Other Income/Expense, Net -$11.00M $700.0K -$30.20M
YoY Change 89.66% 75.0% -14.2%
Pretax Income $1.100M -$200.0K $10.60M
YoY Change -191.67% -108.33% -161.63%
Income Tax $100.0K $500.0K $1.300M
% Of Pretax Income 9.09% 12.26%
Net Earnings $1.000M -$1.500M $9.300M
YoY Change -183.33% 114.29% -144.71%
Net Earnings / Revenue 0.24% -0.35% 0.59%
Basic Earnings Per Share $0.01 $0.20
Diluted Earnings Per Share $0.01 -$0.05 $0.20
COMMON SHARES
Basic Shares Outstanding 32.19M 32.19M 32.10M
Diluted Shares Outstanding 32.43M 32.30M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.700M $2.700M $2.700M
YoY Change 6.25% 17.39% 17.39%
Cash & Equivalents $1.700M $2.700M
Short-Term Investments
Other Short-Term Assets $30.40M $28.10M $28.10M
YoY Change 33.33% 15.16% 15.16%
Inventory $469.1M $399.7M $399.7M
Prepaid Expenses
Receivables $228.3M $232.8M $232.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $729.5M $663.3M $663.3M
YoY Change 44.54% 47.86% 47.86%
LONG-TERM ASSETS
Property, Plant & Equipment $398.9M $377.8M $491.4M
YoY Change 18.37% 9.67% 9.91%
Goodwill $70.50M $69.20M
YoY Change 62.07% 65.16%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.000M $6.000M $6.000M
YoY Change 433.33% 275.0% 275.0%
Total Long-Term Assets $647.3M $627.3M $627.3M
YoY Change 23.08% 17.47% 17.47%
TOTAL ASSETS
Total Short-Term Assets $729.5M $663.3M $663.3M
Total Long-Term Assets $647.3M $627.3M $627.3M
Total Assets $1.377B $1.291B $1.291B
YoY Change 33.59% 31.35% 31.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $88.10M $90.80M $90.80M
YoY Change 38.52% 23.54% 23.54%
Accrued Expenses $56.70M $55.10M $69.90M
YoY Change 21.94% 40.2% 25.95%
Deferred Revenue
YoY Change
Short-Term Debt $314.8M $256.8M $256.8M
YoY Change 4.62% 1.42% 1.42%
Long-Term Debt Due $4.700M $4.200M $4.200M
YoY Change 74.07% 61.54% 61.54%
Total Short-Term Liabilities $525.8M $471.2M $471.2M
YoY Change 11.71% 12.03% 12.03%
LONG-TERM LIABILITIES
Long-Term Debt $311.3M $311.2M $544.1M
YoY Change 0.35% 0.39% 70.56%
Other Long-Term Liabilities $12.70M $17.60M $129.1M
YoY Change 284.85% 388.89% 27.32%
Total Long-Term Liabilities $324.0M $328.8M $673.2M
YoY Change 3.35% 4.85% 60.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $525.8M $471.2M $471.2M
Total Long-Term Liabilities $324.0M $328.8M $673.2M
Total Liabilities $1.239B $1.151B $1.151B
YoY Change 38.0% 35.72% 35.72%
SHAREHOLDERS EQUITY
Retained Earnings -$76.40M -$74.20M
YoY Change -3.05% -3.39%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.900M $5.900M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $138.1M $139.8M $139.8M
YoY Change
Total Liabilities & Shareholders Equity $1.377B $1.291B $1.291B
YoY Change 33.59% 31.35% 31.35%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.000M -$1.500M $9.300M
YoY Change -183.33% 114.29% -144.71%
Depreciation, Depletion And Amortization $28.10M $30.90M $112.0M
YoY Change 16.12% 16.17% 16.91%
Cash From Operating Activities -$20.10M $7.700M $26.00M
YoY Change 200.0% -71.05% -15.31%
INVESTING ACTIVITIES
Capital Expenditures $3.100M $29.90M $12.80M
YoY Change 72.22% -307.64% 58.02%
Acquisitions $1.700M $86.70M
YoY Change 41.67% 36.75%
Other Investing Activities -$1.200M -$47.00M -$85.90M
YoY Change 9.09% -19.8% 40.59%
Cash From Investing Activities -$18.90M -$76.90M -$162.6M
YoY Change 1.61% 5.34% 43.39%
FINANCING ACTIVITIES
Cash Dividend Paid $800.0K $3.000M
YoY Change 0.0% 15.38%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 37.90M 69.60M 136.9M
YoY Change 54.07% 46.53% 63.37%
NET CHANGE
Cash From Operating Activities -20.10M 7.700M 26.00M
Cash From Investing Activities -18.90M -76.90M -162.6M
Cash From Financing Activities 37.90M 69.60M 136.9M
Net Change In Cash -1.000M 400.0K 400.0K
YoY Change 42.86% -63.64% -100.48%
FREE CASH FLOW
Cash From Operating Activities -$20.10M $7.700M $26.00M
Capital Expenditures $3.100M $29.90M $12.80M
Free Cash Flow -$23.20M -$22.20M $13.20M
YoY Change 172.94% -154.15% -41.59%

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9300000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-20800000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-24000000.0
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1500000
CY2022 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
-1400000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2900000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-20800000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4300000
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-11900000
CY2020 us-gaap Profit Loss
ProfitLoss
-24000000.0
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4000000.0
CY2020 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
6200000
CY2020 altg Equity Infusion From Reverse Recapitalization Net Of Transaction Costs
EquityInfusionFromReverseRecapitalizationNetOfTransactionCosts
175700000
CY2020 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
3100000
CY2020 altg Adjustment To Additional Paid In Capital Of Disgorgement On Short Swing Profit
AdjustmentToAdditionalPaidInCapitalOfDisgorgementOnShortSwingProfit
-1600000
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3600000
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5900000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
156900000
CY2021 us-gaap Profit Loss
ProfitLoss
-20800000
CY2021 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.625
CY2021 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
2600000
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1200000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
134700000
CY2022 us-gaap Profit Loss
ProfitLoss
9300000
CY2022 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.625
CY2022 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
3000000.0
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.057
CY2022 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
3700000
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2700000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1500000
CY2022 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
-1400000
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2700000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
139800000
CY2022 us-gaap Profit Loss
ProfitLoss
9300000
CY2021 us-gaap Profit Loss
ProfitLoss
-20800000
CY2020 us-gaap Profit Loss
ProfitLoss
-24000000.0
CY2022 altg Depreciation And Amortization Excluding Amortization Of Debt Discount And Issuance Cost
DepreciationAndAmortizationExcludingAmortizationOfDebtDiscountAndIssuanceCost
112000000.0
CY2021 altg Depreciation And Amortization Excluding Amortization Of Debt Discount And Issuance Cost
DepreciationAndAmortizationExcludingAmortizationOfDebtDiscountAndIssuanceCost
95800000
CY2020 altg Depreciation And Amortization Excluding Amortization Of Debt Discount And Issuance Cost
DepreciationAndAmortizationExcludingAmortizationOfDebtDiscountAndIssuanceCost
75000000.0
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1800000
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2000000.0
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1800000
CY2022 altg Imputed Interest
ImputedInterest
300000
CY2021 altg Imputed Interest
ImputedInterest
200000
CY2020 altg Imputed Interest
ImputedInterest
100000
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
200000
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
100000
CY2022 altg Gain Loss On Sale Of Rental Equipment
GainLossOnSaleOfRentalEquipment
30100000
CY2021 altg Gain Loss On Sale Of Rental Equipment
GainLossOnSaleOfRentalEquipment
21600000
CY2020 altg Gain Loss On Sale Of Rental Equipment
GainLossOnSaleOfRentalEquipment
10900000
CY2022 altg Provision For Inventory Obsolescence
ProvisionForInventoryObsolescence
1400000
CY2021 altg Provision For Inventory Obsolescence
ProvisionForInventoryObsolescence
900000
CY2020 altg Provision For Inventory Obsolescence
ProvisionForInventoryObsolescence
1000000.0
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5000000.0
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4200000
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-7600000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
2700000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
1200000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
6700000
CY2020 altg Repayment Accrual Of Paid In Kind Interest
RepaymentAccrualOfPaidInKindInterest
-11200000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1200000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3600000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6600000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
34700000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
40700000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1500000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
272600000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
154100000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
136500000
CY2022 altg Proceeds From Sale Of Rental Equipment
ProceedsFromSaleOfRentalEquipment
133100000
CY2021 altg Proceeds From Sale Of Rental Equipment
ProceedsFromSaleOfRentalEquipment
144500000
CY2020 altg Proceeds From Sale Of Rental Equipment
ProceedsFromSaleOfRentalEquipment
86400000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4100000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10700000
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5300000
CY2022 altg Increase Decrease In Manufacturers Floor Plans Payable
IncreaseDecreaseInManufacturersFloorPlansPayable
-77300000
CY2021 altg Increase Decrease In Manufacturers Floor Plans Payable
IncreaseDecreaseInManufacturersFloorPlansPayable
14600000
CY2020 altg Increase Decrease In Manufacturers Floor Plans Payable
IncreaseDecreaseInManufacturersFloorPlansPayable
38000000.0
CY2022 altg Increase Decrease In Accounts Payable Accrued Expenses Customer Deposits And Other Current
IncreaseDecreaseInAccountsPayableAccruedExpensesCustomerDepositsAndOtherCurrent
26700000
CY2021 altg Increase Decrease In Accounts Payable Accrued Expenses Customer Deposits And Other Current
IncreaseDecreaseInAccountsPayableAccruedExpensesCustomerDepositsAndOtherCurrent
30200000
CY2020 altg Increase Decrease In Accounts Payable Accrued Expenses Customer Deposits And Other Current
IncreaseDecreaseInAccountsPayableAccruedExpensesCustomerDepositsAndOtherCurrent
15800000
CY2022 altg Increase Decrease In Leases Deferred Revenue And Other Liabilities
IncreaseDecreaseInLeasesDeferredRevenueAndOtherLiabilities
-700000
CY2021 altg Increase Decrease In Leases Deferred Revenue And Other Liabilities
IncreaseDecreaseInLeasesDeferredRevenueAndOtherLiabilities
-1200000
CY2020 altg Increase Decrease In Leases Deferred Revenue And Other Liabilities
IncreaseDecreaseInLeasesDeferredRevenueAndOtherLiabilities
300000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26000000.0
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
30700000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-35000000.0
CY2022 altg Payments To Expenditures For Rental Equipment
PaymentsToExpendituresForRentalEquipment
63900000
CY2021 altg Payments To Expenditures For Rental Equipment
PaymentsToExpendituresForRentalEquipment
42300000
CY2020 altg Payments To Expenditures For Rental Equipment
PaymentsToExpendituresForRentalEquipment
41500000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12800000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8100000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4400000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1200000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2300000
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1400000
CY2022 altg Payments For Guaranteed Purchase Obligations
PaymentsForGuaranteedPurchaseObligations
400000
CY2021 altg Payments For Guaranteed Purchase Obligations
PaymentsForGuaranteedPurchaseObligations
1900000
CY2020 altg Payments For Guaranteed Purchase Obligations
PaymentsForGuaranteedPurchaseObligations
3400000
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
86700000
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
63400000
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
180000000.0
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-162600000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-113400000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-227900000
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1700000
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2700000
CY2020 altg Extinguishment Of Floor Plans And Line Of Credit
ExtinguishmentOfFloorPlansAndLineOfCredit
132900000
CY2021 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
153100000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
29300000
CY2020 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
82000000.0
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
6700000
CY2020 altg Extinguishment Of Warrant Liability
ExtinguishmentOfWarrantLiability
29600000
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
413200000
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
633200000
CY2020 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
578100000
CY2022 altg Principal Payments On Lines Of Credit Long Term Debt And Finance Lease Obligations
PrincipalPaymentsOnLinesOfCreditLongTermDebtAndFinanceLeaseObligations
298300000
CY2021 altg Principal Payments On Lines Of Credit Long Term Debt And Finance Lease Obligations
PrincipalPaymentsOnLinesOfCreditLongTermDebtAndFinanceLeaseObligations
386200000
CY2020 altg Principal Payments On Lines Of Credit Long Term Debt And Finance Lease Obligations
PrincipalPaymentsOnLinesOfCreditLongTermDebtAndFinanceLeaseObligations
270500000
CY2022 altg Proceeds From Floor Plan Payable With Unaffiliated Source
ProceedsFromFloorPlanPayableWithUnaffiliatedSource
149900000
CY2021 altg Proceeds From Floor Plan Payable With Unaffiliated Source
ProceedsFromFloorPlanPayableWithUnaffiliatedSource
105300000
CY2020 altg Proceeds From Floor Plan Payable With Unaffiliated Source
ProceedsFromFloorPlanPayableWithUnaffiliatedSource
87700000
CY2022 altg Payments On Floor Plan Payable With Unaffiliated Source
PaymentsOnFloorPlanPayableWithUnaffiliatedSource
121900000
CY2021 altg Payments On Floor Plan Payable With Unaffiliated Source
PaymentsOnFloorPlanPayableWithUnaffiliatedSource
110100000
CY2020 altg Payments On Floor Plan Payable With Unaffiliated Source
PaymentsOnFloorPlanPayableWithUnaffiliatedSource
80900000
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
3000000.0
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
2600000
CY2022 altg Common Stock Dividends Paid And Declared
CommonStockDividendsPaidAndDeclared
3700000
CY2021 altg Payment Of Promissory Note
PaymentOfPromissoryNote
1000000.0
CY2020 altg Equity Proceeds From Reverse Recapitalization
EquityProceedsFromReverseRecapitalization
-175700000
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4000000.0
CY2020 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
28200000
CY2020 altg Proceeds From Disgorgement Of Short Swing Profits
ProceedsFromDisgorgementOfShortSwingProfits
1600000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5900000
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
700000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
136900000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
83800000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
264100000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
400000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1100000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1200000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2300000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1200000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2700000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2300000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1200000
CY2022 altg Net Transfer Of Assets From Inventory To Rental Fleet Within Property And Equipment
NetTransferOfAssetsFromInventoryToRentalFleetWithinPropertyAndEquipment
122900000
CY2021 altg Net Transfer Of Assets From Inventory To Rental Fleet Within Property And Equipment
NetTransferOfAssetsFromInventoryToRentalFleetWithinPropertyAndEquipment
165300000
CY2020 altg Net Transfer Of Assets From Inventory To Rental Fleet Within Property And Equipment
NetTransferOfAssetsFromInventoryToRentalFleetWithinPropertyAndEquipment
113600000
CY2022 us-gaap Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
2.7
CY2022 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
12700000
CY2021 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
900000
CY2020 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
3500000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
28000000.0
CY2021 us-gaap Interest Paid Net
InterestPaidNet
20200000
CY2022Q4 altg Contract With Customer Assets
ContractWithCustomerAssets
3600000
CY2021Q4 altg Contract With Customer Assets
ContractWithCustomerAssets
6000000.0
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">NOTE 1 — ORGANIZATION AND NATURE OF OPERATIONS</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Nature of Operations</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:8.0pt;font-family:Times New Roman;margin-bottom:8.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Alta Equipment Group Inc. and its subsidiaries (“Alta” or the “Company”) is engaged in the sale, service, and rental of material handling, construction, and environmental processing equipment in the states of Michigan, Illinois, Indiana, Ohio, New York (including New York City in our Material Handling segment), Virginia, Massachusetts (including Boston), Maine, New Hampshire, Vermont, Connecticut, Nevada, and Florida as well as the Canadian provinces of Quebec and Ontario. Unless the context otherwise requires, the use of the terms “the Company”, “we”, “us,” and “our” in these notes to the consolidated financial statements refers to Alta Equipment Group Inc. and its consolidated subsidiaries.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Basis of Presentation</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:8.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The accompanying consolidated financial statements include the consolidated accounts of the Company and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). All intercompany transactions and balances have been eliminated in the preparation of the consolidated financial statements.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Reclassification and correction</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:8.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Subsequent to the issuance of the December 31, 2021 financial statements, the Company’s management re-evaluated the presentation of its line of credit and concluded that it is more appropriately reflected as a long-term liability in the Company’s Consolidated Balance Sheets. As a result, the "Line of credit, net" as of December 31, 2021 has been restated to reflect such presentation. The correction resulted in an increase to long-term liabilities of $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">98.4</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million and a corresponding decrease in current liabilities of the same amount as of December 31, 2021. The Company has concluded that this correction was not material to the previous periods.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2021 altg Increase Decrease In Long Term Liabilities
IncreaseDecreaseInLongTermLiabilities
98400000
CY2021 altg Increasedecreaseincurrentliabilities
Increasedecreaseincurrentliabilities
98400000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:8.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are based on assumptions that we believe are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates, actual results may differ. Refer to Critical Accounting Policies and Estimates within Item 7 herein for more information on items in the consolidated financial statements we consider require significant estimation or judgment.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2022Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022Q4 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
873600000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
21400000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
18800000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
16400000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2022Q4 altg Partnership Owned Percentage In Operating Entity
PartnershipOwnedPercentageInOperatingEntity
1
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1571800000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1212800000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
517600000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
218500000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
173100000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
377800000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
344500000
CY2022Q4 altg Finance Lease Assets Gross
FinanceLeaseAssetsGross
24400000
CY2021Q4 altg Finance Lease Assets Gross
FinanceLeaseAssetsGross
15100000
CY2022 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
12600000
CY2021 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
8500000
CY2022Q4 altg Inventory New Equipment Gross
InventoryNewEquipmentGross
258500000
CY2021Q4 altg Inventory New Equipment Gross
InventoryNewEquipmentGross
146000000.0
CY2022Q4 altg Inventory Used Equipment Gross
InventoryUsedEquipmentGross
59000000.0
CY2021Q4 altg Inventory Used Equipment Gross
InventoryUsedEquipmentGross
34300000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
8600000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
6700000
CY2022Q4 altg Inventory Parts Gross
InventoryPartsGross
78800000
CY2021Q4 altg Inventory Parts Gross
InventoryPartsGross
55700000
CY2022Q4 us-gaap Inventory Gross
InventoryGross
404900000
CY2021Q4 us-gaap Inventory Gross
InventoryGross
242700000
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5200000
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3500000
CY2022Q4 us-gaap Inventory Net
InventoryNet
399700000
CY2021Q4 us-gaap Inventory Net
InventoryNet
239200000
CY2022Q4 altg Capitalized Direct Labor Expense Included In Work In Process
CapitalizedDirectLaborExpenseIncludedInWorkInProcess
1800000
CY2021Q4 altg Capitalized Direct Labor Expense Included In Work In Process
CapitalizedDirectLaborExpenseIncludedInWorkInProcess
1600000
CY2022 altg Rental Depreciation Expense
RentalDepreciationExpense
7600000
CY2021 altg Rental Depreciation Expense
RentalDepreciationExpense
5800000
CY2020 altg Rental Depreciation Expense
RentalDepreciationExpense
3000000.0
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
596300000
CY2022Q4 altg Debt Instrument High Yield Notes
DebtInstrumentHighYieldNotes
315000000.0
CY2022Q4 altg Finance Leases Lessee Balance Sheet Assets By Major Class Accumulated Amortization
FinanceLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedAmortization
5400000
CY2021Q4 altg Finance Leases Lessee Balance Sheet Assets By Major Class Accumulated Amortization
FinanceLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedAmortization
3800000
CY2022Q4 altg Gpo Assets
GPOAssets
11800000
CY2021Q4 altg Gpo Assets
GPOAssets
9700000
CY2020Q4 us-gaap Goodwill
Goodwill
24300000
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
19000000.0
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
1400000
CY2021Q4 us-gaap Goodwill
Goodwill
41900000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
19600000
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-7700000
CY2022Q4 us-gaap Goodwill
Goodwill
69200000
CY2022 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P7Y8M12D
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
73700000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13000000.0
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
60700000
CY2021 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P8Y6M
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
50500000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7100000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
43400000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5900000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3300000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2300000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
8400000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8300000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8000000.0
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7900000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
7100000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
21000000.0
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
60700000
CY2022 us-gaap Debt Instrument Description
DebtInstrumentDescription
On April 1, 2021, the Company completed a private offering of Senior Secured Second Lien Notes (the “Notes”), for the purposes of, among other things, repayment and refinancing of a portion of the Company’s prior existing debt, reducing interest rate exposure and providing liquidity for financing of future growth initiatives.
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
11900000
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
219500000
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
100700000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4400000
CY2021Q4 altg Debt Instrument High Yield Notes
DebtInstrumentHighYieldNotes
315000000.0
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2800000
CY2021Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
3300000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3000000.0
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
4000000.0
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
19600000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
11600000
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
548300000
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
420000000.0
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
4200000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
2600000
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
544100000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
417400000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
219500000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
315000000.0
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
534500000
CY2022 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-2900000
CY2022 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-2900000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2900000
CY2022Q4 altg Finance Lease Assets Net Of Accumulated Depreciation
FinanceLeaseAssetsNetOfAccumulatedDepreciation
19000000.0
CY2021Q4 altg Finance Lease Assets Net Of Accumulated Depreciation
FinanceLeaseAssetsNetOfAccumulatedDepreciation
11300000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
25100000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
23300000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4300000
CY2022 altg Low Value Lease Expense
LowValueLeaseExpense
500000
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
23000000.0
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
70500000
CY2021 altg Low Value Lease Expense
LowValueLeaseExpense
600000
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
6600000
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
1500000
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4000000.0
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2000000.0
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000000.0
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
400000
CY2022 us-gaap Sublease Income
SubleaseIncome
100000
CY2021 us-gaap Sublease Income
SubleaseIncome
100000
CY2022 us-gaap Lease Cost
LeaseCost
41500000
CY2021 us-gaap Lease Cost
LeaseCost
32000000.0
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
19300000
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
900000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
24200000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
22300000
CY2022 altg Operating Cash Flows For Financing Leases
OperatingCashFlowsForFinancingLeases
1000000.0
CY2021 altg Operating Cash Flows For Financing Leases
OperatingCashFlowsForFinancingLeases
400000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3600000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1900000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
29300000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
15500000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
11600000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
12600000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y3M18D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M24D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.100
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.076
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.056
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
24500000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
5400000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
23100000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
5200000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
19600000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
5000000.0
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16500000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
4100000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
15200000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
2500000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
88300000
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
800000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
187200000
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3400000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
116700000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
19600000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4200000
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-4300000
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-400000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2600000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
14800000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16200000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
15400000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
9000000.0
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
101900000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
88400000
CY2022Q4 altg Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
136300000
CY2021Q4 altg Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
116200000
CY2022Q4 altg Undiscounted Future Lease Payments Pertaining To Leases That Were Executed But Not Yet Commenced
UndiscountedFutureLeasePaymentsPertainingToLeasesThatWereExecutedButNotYetCommenced
1200000
CY2022Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
3800000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
2600000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
1000000.0
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
500000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
300000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
8200000
CY2022Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
2400000
CY2022Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
2300000
CY2022Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
1700000
CY2022Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
500000
CY2022Q4 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
100000
CY2022Q4 us-gaap Purchase Obligation
PurchaseObligation
7000000.0
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2200000
CY2022Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
1500000
CY2021Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
1700000
CY2022Q4 altg Accrued Guarantees
AccruedGuarantees
0
CY2021Q4 altg Accrued Guarantees
AccruedGuarantees
0
CY2022 us-gaap Federal State And Local Income Tax Expense Benefit Continuing Operations
FederalStateAndLocalIncomeTaxExpenseBenefitContinuingOperations
9000000.0
CY2021 us-gaap Federal State And Local Income Tax Expense Benefit Continuing Operations
FederalStateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-17200000
CY2020 us-gaap Federal State And Local Income Tax Expense Benefit Continuing Operations
FederalStateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-30600000
CY2022 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
1600000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10600000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-17200000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-30600000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1900000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
600000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-700000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2800000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-800000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
800000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1600000
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
300000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1300000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3600000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6600000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-3600000
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
6400000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-600000
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1200000
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
100000
CY2020 altg Income Tax Reconciliation Permanent Differences On Life Insurance
IncomeTaxReconciliationPermanentDifferencesOnLifeInsurance
1700000
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
800000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
7600000
CY2022 altg Effective Income Tax Rate Reconciliation Fixed Asset Basis Adjustments Amount
EffectiveIncomeTaxRateReconciliationFixedAssetBasisAdjustmentsAmount
-1600000
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
200000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
200000
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
600000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1300000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3600000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6600000
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.123
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.209
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.319
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
8300000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
10800000
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
700000
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
700000
CY2022Q4 altg Deferred Tax Assets Accounts Receivable And Inventories
DeferredTaxAssetsAccountsReceivableAndInventories
6000000.0
CY2021Q4 altg Deferred Tax Assets Accounts Receivable And Inventories
DeferredTaxAssetsAccountsReceivableAndInventories
4300000
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
1800000
CY2021Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
1000000.0
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
6000000.0
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
3400000
CY2022Q4 altg Deferred Tax Assets Lease Liability
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