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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash Flows from Operating Activities:      
Net income $ 38,251 $ 40,470 $ 45,709
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 81,179 84,280 81,125
Provision for doubtful accounts 1,892 2,149 1,825
Share-based compensation 3,091 3,399 3,854
Gain on sale of used rental equipment (13,739) (11,902) (15,368)
Gain on sale of property, plant and equipment     (812)
Foreign currency exchange loss 121 488 331
Amortization of debt issuance cost 51 52 14
Change in:      
Accounts receivable (3,752) 3,628 (15,607)
Income taxes receivable 11,000 (11,000)  
Prepaid expenses and other assets 3,219 12,910 (13,528)
Accounts payable and accrued liabilities 11,492 (1,520) 10,662
Deferred income 1,211 7,149 5,136
Deferred income taxes 7,745 14,449 19,645
Net cash provided by operating activities 141,761 144,552 122,986
Cash Flows from Investing Activities:      
Purchases of rental equipment (79,038) (131,037) (152,197)
Purchases of property, plant and equipment (10,548) (9,321) (12,740)
Proceeds from sale of used rental equipment 29,406 26,214 32,556
Proceeds from sale of property, plant and equipment     2,501
Net cash used in investing activities (60,180) (114,144) (129,880)
Cash Flows from Financing Activities:      
Net borrowings (repayments) under bank lines of credit (35,066) 18,963 12,475
Principal payments on Series A senior notes (20,000) (20,000) (20,000)
Proceeds from the exercise of stock options 37 2,149 1,729
Excess tax benefit (shortfall) from exercise of stock awards (1,066) (292) 1,822
Taxes paid related to net share settlement of stock awards (1,287) (1,560) (3,959)
Repurchase of common stock   (63,953)  
Payment of dividends (24,448) (25,779) (25,551)
Net cash provided by (used in) financing activities (81,830) (30,472) 6,516
Effect of foreign currency exchange rate changes on cash (2)   (85)
Net decrease in cash (251) (64) (463)
Cash balance, beginning of period 1,103 1,167 1,630
Cash balance, end of period 852 1,103 1,167
Supplemental Disclosure of Cash Flow Information:      
Interest paid, during the period 12,436 10,041 9,074
Net income taxes paid, during the period 15,555 2,498 22,275
Dividends accrued during the period, not yet paid 6,147 6,019 6,526
Rental equipment acquisitions, not yet paid $ 2,876 7,280 4,942
Series B Senior Notes      
Cash Flows from Financing Activities:      
Borrowings     $ 40,000
Series C Senior Notes      
Cash Flows from Financing Activities:      
Borrowings   $ 60,000