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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Cash Flows from Operating Activities:      
Net income $ 40,470 $ 45,709 $ 43,397
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 84,280 81,125 76,849
Provision for doubtful accounts 2,149 1,825 2,144
Share-based compensation 3,399 3,854 3,680
Gain on sale of used rental equipment (11,902) (15,368) (13,091)
Gain on sale of property, plant and equipment   (812)  
Foreign currency exchange loss 488 331 189
Change in:      
Accounts receivable 3,882 (15,469) 2,462
Income taxes receivable (11,000)    
Prepaid expenses and other assets 12,708 (13,652) (8,265)
Accounts payable and accrued liabilities (1,520) 10,662 6,506
Deferred income 7,149 5,136 (2,921)
Deferred income taxes 14,449 19,645 22,693
Net cash provided by operating activities 144,552 122,986 133,643
Cash Flows from Investing Activities:      
Purchases of rental equipment (131,037) (152,197) (132,611)
Purchases of property, plant and equipment (9,321) (12,740) (11,973)
Proceeds from sale of used rental equipment 26,214 32,556 33,380
Proceeds from sale of property, plant and equipment   2,501  
Net cash used in investing activities (114,144) (129,880) (111,204)
Cash Flows from Financing Activities:      
Net borrowings (repayments) under bank lines of credit 18,963 12,475 (11,997)
Principal payments on Series A senior notes (20,000) (20,000)  
Proceeds from the exercise of stock options 2,149 1,729 15,067
Excess tax benefit (shortfall) from exercise of stock options (292) 1,822 1,329
Taxes paid related to net share settlement of stock awards (1,560) (3,959) (2,395)
Repurchase of common stock (63,953)    
Payment of dividends (25,779) (25,551) (24,423)
Net cash provided by (used in) financing activities (30,472) 6,516 (22,419)
Effect of foreign currency exchange rate changes on cash   (85) (2)
Net increase (decrease) in cash (64) (463) 18
Cash balance, beginning of period 1,167 1,630 1,612
Cash balance, end of period 1,103 1,167 1,630
Supplemental Disclosure of Cash Flow Information:      
Interest paid, during the period 10,041 9,074 8,813
Net income taxes paid, during the period 2,498 22,275 11,074
Dividends accrued during the period, not yet paid 6,019 6,526 6,373
Rental equipment acquisitions, not yet paid 7,280 4,942 $ 8,533
Series B Senior Notes      
Cash Flows from Financing Activities:      
Borrowings   $ 40,000  
Series C Senior Notes      
Cash Flows from Financing Activities:      
Borrowings $ 60,000