Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

Quarterly financial information for each of the two years ended December 31, 2015 is summarized below:

(in thousands, except per share amounts)	2015
	First		Second		Third		Fourth		Year
Operations Data
Rental revenues	$	65,502	$	67,305	$	70,195	$	70,694	$	273,696
Total revenues		90,188		96,026		113,048		105,282		404,544
Gross profit		39,087		40,918		50,146		46,756		176,907
Income from operations		13,875		16,465		25,150		21,467		76,957
Income before provision for income taxes		11,316		14,033		22,505		18,523		66,377
Net income		6,846		8,490		13,616		11,518		40,470
Earnings per share:
Basic	$	0.26	$	0.33	$	0.54	$	0.48	$	1.60
Diluted	$	0.26	$	0.32	$	0.54	$	0.48	$	1.59
Dividends declared per share	$	0.250	$	0.250	$	0.250	$	0.250	$	1.00
Shares used in per share calculations:
Basic		26,091		26,142		25,334		23,932		25,369
Diluted		26,276		26,273		25,408		24,015		25,457
Balance Sheet Data
Rental equipment, net	$	839,078	$	856,489	$	864,277	$	869,601	$	869,601
Total assets		1,112,056		1,132,750		1,149,095		1,152,709		1,152,709
Notes payable		320,923		337,177		382,113		381,441		381,441
Shareholders’ equity		425,848		426,823		389,464		379,687		379,687
	2014
	First		Second		Third		Fourth		Year
Operations Data
Rental revenues	$	62,430	$	65,809	$	69,642	$	71,694	$	269,575
Total revenues		87,560		95,745		113,025		111,792		408,122
Gross profit		38,638		42,079		49,298		52,204		182,219
Income from operations		15,227		18,239		25,098		26,796		85,360
Income before provision for income taxes		12,936		16,794		22,609		24,222		76,561
Net income		7,871		10,205		13,746		13,887		45,709
Earnings per share:
Basic	$	0.31	$	0.39	$	0.53	$	0.54	$	1.77
Diluted	$	0.30	$	0.39	$	0.53	$	0.53	$	1.75
Dividends declared per share	$	0.245	$	0.245	$	0.245	$	0.245	$	0.98
Shares used in per share calculations:
Basic		25,789		25,912		25,953		25,999		25,914
Diluted		26,230		26,220		26,152		26,206		26,175
Balance Sheet Data
Rental equipment, net	$	775,875	$	795,532	$	817,898	$	825,750	$	825,750
Total assets		1,021,613		1,051,764		1,089,130		1,116,407		1,116,407
Notes payable		288,081		307,000		322,280		322,478		322,478
Shareholders’ equity		401,563		406,439		414,519		424,531		424,531