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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.