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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
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

 

3 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

 

 

2017

 

 

2016

 

Land

 

Indefinite

 

 

$

50,689

 

 

$

45,928

 

Land improvements

 

20 – 50

 

 

 

43,337

 

 

 

42,677

 

Buildings

 

 

30

 

 

 

26,862

 

 

 

26,105

 

Furniture, office and computer equipment

 

3 – 10

 

 

 

32,118

 

 

 

35,215

 

Vehicles and machinery

 

5 – 25

 

 

 

34,597

 

 

 

30,416

 

 

 

 

 

 

 

 

187,603

 

 

 

180,341

 

Less accumulated depreciation

 

 

 

 

 

 

(70,034

)

 

 

(68,854

)

 

 

 

 

 

 

 

117,569

 

 

 

111,487

 

Construction in progress

 

 

 

 

 

 

1,601

 

 

 

703

 

 

 

 

 

 

 

$

119,170

 

 

$

112,190

 

 

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,

 

 

 

2017

 

 

2016

 

 

2015

 

Weighted-average common stock for calculating basic

   earnings per share

 

 

23,999

 

 

 

23,900

 

 

 

25,369

 

Effect of potentially dilutive securities from equity-based

   compensation

 

 

270

 

 

 

76

 

 

 

88

 

Weighted-average common stock for calculating diluted

   earnings per share

 

 

24,269

 

 

 

23,976

 

 

 

25,457

 

 

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,

 

 

 

2017

 

 

2016

 

 

2015

 

Options to purchase common stock

 

 

7

 

 

 

661

 

 

 

746

 

 

Summary of Allowance for Doubtful Accounts Activity

The allowance for doubtful accounts activity was as follows:

 

(in thousands)

 

2017

 

 

2016

 

Beginning balance, January 1

 

$

2,087

 

 

$

2,087

 

Provision for doubtful accounts

 

 

1,480

 

 

 

1,892

 

Write-offs, net of recoveries

 

 

(1,647

)

 

 

(1,892

)

Ending balance, December 31

 

$

1,920

 

 

$

2,087