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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Estimated Useful Lives and Residual Values of Company's Rental Equipment

The estimated useful lives and residual values of the Company’s rental equipment used for financial reporting purposes are as follows:

 

Relocatable modular buildings

 

18 years, 50% residual value

Relocatable modular accessories

 

3 to 18 years, no residual value

Portable storage containers

 

25 years, 62.5% residual value

Electronic test equipment and accessories

 

1 to 8 years, no residual value

Liquid and solid containment tanks and boxes and accessories

 

10 to 20 years, no residual value

 

Property, Plant and Equipment

Property, plant and equipment consist of the following:

 

(dollar amounts in thousands)

 

Estimated

useful life

 

 

December 31,

 

 

 

in years

 

 

2016

 

 

2015

 

Land

 

Indefinite

 

 

$

45,928

 

 

$

40,378

 

Land improvements

 

20 – 50

 

 

 

42,677

 

 

 

42,004

 

Buildings

 

 

30

 

 

 

26,105

 

 

 

25,520

 

Furniture, office and computer equipment

 

3 – 10

 

 

 

35,215

 

 

 

34,053

 

Machinery and service equipment

 

5 – 25

 

 

 

30,416

 

 

 

28,642

 

 

 

 

 

 

 

 

180,341

 

 

 

170,597

 

Less accumulated depreciation

 

 

 

 

 

 

(68,854

)

 

 

(61,410

)

 

 

 

 

 

 

 

111,487

 

 

 

109,187

 

Construction in progress

 

 

 

 

 

 

703

 

 

 

566

 

 

 

 

 

 

 

$

112,190

 

 

$

109,753

 

 

Weighted-Average Common Stock Used to Calculate Basic and Diluted Earnings per Share

The table below presents the weighted-average common stock used to calculate basic and diluted earnings per share:

 

(in thousands)

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Weighted-average common stock for calculating basic

   earnings per share

 

 

23,900

 

 

 

25,369

 

 

 

25,914

 

Effect of potentially dilutive securities from equity-based

   compensation

 

 

76

 

 

 

88

 

 

 

261

 

Weighted-average common stock for calculating diluted

   earnings per share

 

 

23,976

 

 

 

25,457

 

 

 

26,175

 

 

Securities Not Included in Computation of Diluted Earnings Per Share

The following securities were not included in the computation of diluted earnings per share as their effect would have been anti-dilutive:

 

(in thousands)

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Options to purchase common stock

 

 

661

 

 

 

746

 

 

 

9

 

 

Summary of Share Repurchase Activities

The following table presents share repurchase activities during the years ended December 31, 2016 and 2015:

 

 

 

Year ended December 31

 

(in thousands, except share and per share amounts)

 

2016

 

 

2015

 

Number of shares repurchased

 

 

 

 

 

2,407,974

 

Aggregate purchase price

 

 

 

 

 

63,953

 

Average price per repurchased shares

 

 

 

 

 

26.56

 

 

Summary of Allowance for Doubtful Accounts Activity

The allowance for doubtful accounts activity was as follows:

 

(in thousands)

 

2016

 

 

2015

 

Beginning balance, January 1

 

$

2,087

 

 

$

2,038

 

Provision for doubtful accounts

 

 

1,892

 

 

 

2,149

 

Write-offs, net of recoveries

 

 

(1,892

)

 

 

(2,100

)

Ending balance, December 31

 

$

2,087

 

 

$

2,087