Quarterly Financial Information

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information [Abstract]

NOTE 12.

QUARTERLY FINANCIAL INFORMATION ( unaudited )

Quarterly financial information for each of the two years ended December 31, 2011 is summarized below:


(in thousands, except per share amounts)	2011
	First		Second		Third		Fourth		Year
Operations Data
Rental Revenues	$	54,026	$	57,118	$	60,964	$	62,798	$	234,906
Total Revenues		72,973		79,530		104,961		85,206		342,670
Gross Profit		35,852		39,359		47,387		44,193		166,791
Income from Operations		17,294		20,714		27,306		23,350		88,664
Income Before Provision for Income Taxes		15,812		18,760		25,255		21,231		81,058
Net Income		9,614		11,406		15,355		13,227		49,602
Earnings Per Share:
Basic	$	0.40	$	0.47	$	0.63	$	0.54	$	2.04
Diluted	$	0.39	$	0.46	$	0.62	$	0.53	$	2.00
Dividends Declared Per Share	$	0.23	$	0.23	$	0.23	$	0.23	$	0.92
Shares Used in Per Share Calculations:
Basic		24,258		24,340		24,362		24,431		24,349
Diluted		24,660		24,742		24,719		24,892		24,760
Balance Sheet Data
Rental Equipment, net	$	608,115	$	632,518	$	655,854	$	673,146	$	673,146
Total Assets		832,032		866,700		895,144		918,929		918,929
Notes Payable		265,771		270,500		289,573		296,500		296,500
Shareholders' Equity		300,976		309,322		320,410		333,142		333,142

	2010
	First		Second		Third		Fourth		Year
Operations Data
Rental Revenues	$	45,133	$	47,851	$	52,674	$	54,957	$	200,615
Total Revenues		61,730		66,523		83,204		79,943		291,400
Gross Profit		27,782		30,528		34,050		38,455		130,815
Income from Operations		12,371		13,579		17,481		21,805		65,236
Income Before Provision for Income Taxes		10,862		12,073		15,849		20,266		59,050
Net Income		6,648		7,388		9,700		12,743		36,479
Earnings Per Share:
Basic	$	0.28	$	0.31	$	0.41	$	0.53	$	1.52
Diluted	$	0.28	$	0.31	$	0.40	$	0.52	$	1.50
Dividends Declared Per Share	$	0.225	$	0.225	$	0.225	$	0.225	$	0.90
Shares Used in Per Share Calculations:
Basic		23,826		23,924		23,936		24,085		23,944
Diluted		24,075		24,201		24,173		24,500		24,289
Balance Sheet Data
Rental Equipment, net	$	554,681	$	571,810	$	587,149	$	591,580	$	591,580
Total Assets		754,948		777,860		812,651		813,562		813,562
Notes Payable		242,047		263,500		272,500		265,640		265,640
Shareholders' Equity		271,856		275,179		280,952		294,977		294,977

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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