Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Summarized Financial Information for Company's Reportable Segments

Summarized financial information for the three months ended March 31, 2014 and 2013 for the Company’s reportable segments is shown in the following table:

(dollar amounts in thousands)	Mobile Modular			TRS- RenTelco			Adler Tanks			Enviroplex 1			Consolidated
Three Months Ended March 31,
2014
Rental Revenues	$	21,533		$	23,760		$	17,137		$	—		$	62,430
Rental Related Services Revenues		7,317			722			5,473			—			13,512
Sales and Other Revenues		4,790			5,071			564			1,105			11,530
Total Revenues		33,640			29,553			23,174			1,105			87,472
Depreciation of Rental Equipment		3,831			10,391			3,675			—			17,897
Gross Profit		12,704			12,987			12,440			419			38,550
Selling and Administrative Expenses		9,740			6,037			6,896			738			23,411
Income (Loss) from Operations		2,964			6,950			5,544			(319	)		15,139
Interest Expense (Income) Allocation		1,103			523			623			(46	)		2,203
Income (Loss) before Provision for Income Taxes		1,861			6,427			4,921			(273	)		12,936
Rental Equipment Acquisitions		16,825			8,375			5,195			—			30,395
Accounts Receivable, net (period end)		36,512			23,731			21,430			1,398			83,071
Rental Equipment, at cost (period end)		607,616			263,545			288,641			—			1,159,802
Rental Equipment, net book value (period end)		426,983			106,164			242,728			—			775,875
Utilization (period end) 2		69.4	%		56.4	%		64.5	%
Average Utilization 2		69.9	%		56.8	%		61.0	%

2013
Rental Revenues	$	19,329		$	24,841		$	16,431		$	—		$	60,601
Rental Related Services Revenues		5,914			666			4,265			—			10,845
Sales and Other Revenues		3,748			7,207			119			6,193			17,267
Total Revenues		28,991			32,714			20,815			6,193			88,713
Depreciation of Rental Equipment		3,518			9,816			3,268			—			16,602
Gross Profit (Loss)		11,662			15,594			11,143			599			38,998
Selling and Administrative Expenses		8,800			6,094			5,992			752			21,638
Income (Loss) from Operations		2,862			9,500			5,151			(153	)		17,360
Interest Expense (Income) Allocation		1,093			557			609			(56	)		2,203
Income (Loss) before Provision for Income Taxes		1,769			8,943			4,542			(97	)		15,157
Rental Equipment Acquisitions		8,490			12,198			6,754			—			27,442
Accounts Receivable, net (period end)		36,259			25,627			22,049			3,091			87,026
Rental Equipment, at cost (period end)		558,471			267,411			261,483			—			1,087,365
Rental Equipment, net book value (period end)		388,960			107,683			229,457			—			726,100
Utilization (period end) 2		66.1	%		63.3	%		63.5	%
Average Utilization 2		66.4	%		63.8	%		64.7	%

1. Gross Enviroplex sales revenues were $1,105 and $6,193 for the three months ended March 31, 2014 and 2013, respectively. There were no inter-segment sales to Mobile Modular in these periods, which required elimination.

2. Utilization is calculated each month by dividing the cost of rental equipment on rent by the total cost of rental equipment excluding accessory equipment and for Mobile Modular and Adler Tanks excluding new equipment inventory. The Average Utilization for the period is calculated using the average costs of rental equipment.