Segment Information

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment Information

(12) Segment Information

We have identified five reportable segments: equipment rentals, new equipment sales, used equipment sales, parts sales and services revenues. These segments are based upon 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 reportable segments.

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

	Three Months Ended June 30,					Six Months Ended June 30,
	2020		2019			2020		2019
Segment Revenues:
Equipment rentals	$	155,794	$	192,302		$	330,313	$	368,431
New equipment sales		43,947		53,596			74,820		112,699
Used equipment sales		34,013		36,128			65,231		65,762
Parts sales		26,220		31,871			55,989		62,299
Services revenues		15,657		16,725			32,479		32,293
Total segmented revenues		275,631		330,622			558,832		641,484
Non-segmented revenues		2,705		2,975			5,426		5,751
Total revenues	$	278,336	$	333,597		$	564,258	$	647,235
Segment Gross Profit:
Equipment rentals	$	59,148	$	86,002		$	131,307	$	163,940
New equipment sales		4,688		6,532			8,135		13,536
Used equipment sales		10,731		12,807			21,511		23,429
Parts sales		6,868		8,581			14,734		16,720
Services revenues		10,484		11,366			21,766		21,930
Total segmented gross profit		91,919		125,288			197,453		239,555
Non-segmented gross profit (loss)		151		(507	)		100		(1,074	)
Total gross profit	$	92,070	$	124,781		$	197,553	$	238,481

	Balances at
	June 30,		December 31,
	2020		2019
Segment identified assets:
Equipment sales	$	62,201	$	67,542
Equipment rentals		1,133,857		1,217,673
Parts and services		17,252		17,936
Total segment identified assets		1,213,310		1,303,151
Non-segment identified assets		565,933		671,459
Total assets	$	1,779,243	$	1,974,610

The Company operates primarily in the United States and our sales to international customers for the three month periods ended June 30, 2020 and 2019 were 0.2% and 0.1% of total revenues, respectively, and for the six month periods ended June 30, 2020 and 2019 were 0.3% and 0.2%, respectively. No one customer accounted for more than 10% of our revenues on an overall or segment basis for any of the periods presented.