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Segment Information
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Information
(18)
Segment Information

We have identified five reportable segments: equipment rentals, used equipment sales, new equipment sales, parts sales and service revenues. These segments are based upon revenue streams and how management of the Company allocates resources and assesses performance. Non-segmented revenues and non-segmented costs relate to equipment support activities including transportation, hauling, parts freight and damage-waiver charges and are not allocated to the other reportable segments. There were no sales between segments for any of the periods presented. Selling, general, and administrative expenses as well as all other income and expense items below gross profit are not generally allocated to our reportable segments.

We do not compile discrete financial information by our segments other than the information presented below. The following table presents information about our reportable segments (amounts in thousands):

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Segment Revenues:

 

 

 

 

 

 

 

 

 

Equipment rentals

 

$

729,700

 

 

$

644,445

 

 

$

741,955

 

Used equipment sales

 

 

135,245

 

 

 

139,769

 

 

 

122,591

 

New equipment sales

 

 

92,677

 

 

 

113,708

 

 

 

131,798

 

Parts sales

 

 

65,623

 

 

 

65,881

 

 

 

77,569

 

Services revenues

 

 

33,034

 

 

 

35,989

 

 

 

41,521

 

Total segmented revenues

 

 

1,056,279

 

 

 

999,792

 

 

 

1,115,434

 

Non-Segmented revenues

 

 

6,518

 

 

 

7,183

 

 

 

8,327

 

Total revenues

 

$

1,062,797

 

 

$

1,006,975

 

 

$

1,123,761

 

Segment Gross Profit:

 

 

 

 

 

 

 

 

 

Equipment rentals

 

$

315,629

 

 

$

257,508

 

 

$

336,481

 

Used equipment sales

 

 

48,922

 

 

 

44,970

 

 

 

41,823

 

New equipment sales

 

 

11,855

 

 

 

12,207

 

 

 

15,512

 

Parts sales

 

 

17,277

 

 

 

17,750

 

 

 

22,331

 

Services revenues

 

 

21,797

 

 

 

24,464

 

 

 

28,408

 

Total gross profit from segmented revenues

 

 

415,480

 

 

 

356,899

 

 

 

444,555

 

Non-segmented gross profit (loss)

 

 

(117

)

 

 

164

 

 

 

(1,737

)

Total gross profit

 

$

415,363

 

 

$

357,063

 

 

$

442,818

 

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Segment identified assets:

 

 

 

 

 

 

Equipment sales

 

$

62,652

 

 

$

31,999

 

Equipment rentals

 

 

1,116,456

 

 

 

989,423

 

Parts and service

 

 

12,647

 

 

 

9,891

 

Total segment identified assets

 

 

1,191,755

 

 

 

1,031,313

 

Non-Segmented identified assets

 

 

888,692

 

 

 

827,716

 

Assets held for sale

 

 

 

 

 

121,455

 

Total assets

 

$

2,080,447

 

 

$

1,980,484

 

 

The Company operates primarily in the United States and our sales to international customers for the three years ended December 31, 2021 were 0.2% of total revenues for the periods presented. No one customer accounted for more than 10% of our revenues on an overall or segmented basis for any of the periods presented.