Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

Quarterly financial information for each of the two years ended December 31, 2016 is summarized below:

(in thousands, except per share amounts)	2016
	First		Second		Third		Fourth		Year
Operations Data
Rental revenues	$	66,532	$	66,747	$	67,757	$	70,352	$	271,388
Total revenues		93,699		103,105		121,993		105,283		424,080
Gross profit		40,655		43,756		50,433		49,323		184,167
Income from operations		14,258		18,073		24,232		22,696		79,259
Income before provision for income taxes		10,853		15,006		21,277		19,795		66,931
Net income		6,566		9,079		12,872		9,734		38,251
Earnings per share:
Basic	$	0.28	$	0.38	$	0.54	$	0.41	$	1.60
Diluted	$	0.27	$	0.38	$	0.54	$	0.40	$	1.60
Dividends declared per share	$	0.255	$	0.255	$	0.255	$	0.255	$	1.02
Shares used in per share calculations:
Basic		23,862		23,900		23,911		23,927		23,900
Diluted		23,911		23,949		24,041		24,123		23,976
Balance Sheet Data
Rental equipment, net	$	867,215	$	868,422	$	862,528	$	856,371	$	856,371
Total assets		1,132,355		1,148,018		1,144,923		1,128,276		1,128,276
Notes payable		365,772		363,121		345,286		326,266		326,266
Shareholders’ equity		380,512		383,313		390,600		394,287		394,287
	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		1,152,549		1,152,549
Notes payable		320,923		337,177		382,113		381,281		381,281
Shareholders’ equity		425,848		426,823		389,464		379,687		379,687