XML 82 R70.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Reporting - Summarized Financial Information for Company's Reportable Segments (Detail) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Segment Reporting Information [Line Items]                      
Rental revenues $ 92,231 $ 90,857 $ 88,105 $ 82,696 $ 85,091 $ 82,155 $ 77,267 $ 74,261 $ 353,889 $ 318,774 $ 289,417
Rental related services revenues                 101,038 82,907 78,068
Sales and other revenues                 115,303 96,649 94,549
Total revenues 147,221 173,562 127,439 122,008 133,115 143,147 116,983 105,085 570,230 498,330 462,034
Depreciation of rental equipment                 80,391 73,139 69,908
Gross profit 70,997 78,282 59,881 57,005 65,103 64,050 53,928 50,170 266,165 233,251 206,345
Selling and administrative expenses                 124,793 115,770 111,605
Income from operations 38,248 46,748 29,066 27,310 35,166 35,824 24,449 22,042 141,372 117,481 94,740
Interest expense (income) allocation                 12,331 (12,297) (11,622)
Income before provision for income taxes 35,454 43,455 25,965 24,251 32,018 32,553 21,106 19,018 129,125 104,695 83,452
Rental equipment acquisitions                 170,018 134,098 98,107
Accounts receivable, net (period end) 128,099       121,016       128,099 121,016 105,872
Rental equipment, at cost (period end) 1,520,411       1,416,000       1,520,411 1,416,000 1,347,533
Rental equipment, net book value (period end) 967,500 $ 958,610 $ 943,152 $ 912,878 901,015 $ 888,607 $ 876,522 $ 865,338 967,500 901,015 862,320
Mobile Modular [Member]                      
Segment Reporting Information [Line Items]                      
Rental revenues                 182,316 159,136 142,584
Rental related services revenues                 69,395 54,696 50,448
Sales and other revenues                 49,299 40,742 38,234
Total revenues                 301,010 254,574 231,266
Depreciation of rental equipment                 22,071 21,200 21,247
Gross profit                 143,618 120,750 103,935
Selling and administrative expenses                 65,699 58,017 55,583
Income from operations                 77,919 62,733 48,352
Interest expense (income) allocation                 7,946 (7,132) (6,671)
Income before provision for income taxes                 69,973 55,601 41,681
Rental equipment acquisitions                 75,433 63,374 34,526
Accounts receivable, net (period end) 83,182       72,295       83,182 72,295 59,274
Rental equipment, at cost (period end) 868,807       817,375       868,807 817,375 775,400
Rental equipment, net book value (period end) 610,048       572,032       $ 610,048 $ 572,032 $ 543,857
Utilization (period end) [1]                 79.10% 79.30% 77.80%
Average utilization [1]                 79.20% 78.20% 76.80%
TRS-RenTelco [Member]                      
Segment Reporting Information [Line Items]                      
Rental revenues                 $ 103,704 $ 89,937 $ 82,812
Rental related services revenues                 3,260 3,300 2,858
Sales and other revenues                 24,519 25,420 22,374
Total revenues                 131,483 118,657 108,044
Depreciation of rental equipment                 41,948 36,011 32,891
Gross profit                 60,748 54,773 50,289
Selling and administrative expenses                 24,645 22,823 22,171
Income from operations                 36,103 31,950 28,118
Interest expense (income) allocation                 1,970 (2,696) (2,320)
Income before provision for income taxes                 34,217 28,765 26,132
Rental equipment acquisitions                 89,759 65,467 58,781
Accounts receivable, net (period end) 23,788       20,732       23,788 20,732 19,581
Rental equipment, at cost (period end) 335,343       285,052       335,343 285,052 262,325
Rental equipment, net book value (period end) 172,413       131,450       $ 172,413 $ 131,450 $ 109,482
Utilization (period end) [1]                 64.50% 62.10% 61.70%
Average utilization [1]                 66.20% 62.70% 62.90%
Adler Tanks [Member]                      
Segment Reporting Information [Line Items]                      
Rental revenues                 $ 67,869 $ 69,701 $ 64,021
Rental related services revenues                 28,383 24,911 24,762
Sales and other revenues                 1,671 1,441 2,572
Total revenues                 97,923 96,053 91,355
Depreciation of rental equipment                 16,372 15,928 15,770
Gross profit                 47,014 48,055 43,218
Selling and administrative expenses                 29,321 30,026 29,542
Income from operations                 17,693 18,029 13,676
Interest expense (income) allocation                 3,436 (3,252) (3,071)
Income before provision for income taxes                 14,257 14,777 10,605
Rental equipment acquisitions                 4,826 5,257 4,800
Accounts receivable, net (period end) 17,281       19,992       17,281 19,992 18,663
Rental equipment, at cost (period end) 316,261       313,573       316,261 313,573 309,808
Rental equipment, net book value (period end) 185,039       197,533       $ 185,039 $ 197,533 $ 208,981
Utilization (period end) [1]                 48.40% 56.40% 57.50%
Average utilization [1]                 54.70% 59.90% 56.00%
Enviroplex [Member]                      
Segment Reporting Information [Line Items]                      
Sales and other revenues [2]                 $ 39,814 $ 29,046 $ 31,369
Total revenues [2]                 39,814 29,046 31,369
Gross profit [2]                 14,785 9,673 8,903
Selling and administrative expenses [2]                 5,128 4,904 4,309
Income from operations [2]                 9,657 4,769 4,594
Interest expense (income) allocation [2]                 (1,021) 783 440
Income before provision for income taxes [2]                 10,678 5,552 5,034
Accounts receivable, net (period end) [2] $ 3,848       $ 7,997       $ 3,848 $ 7,997 $ 8,354
[1] Utilization is calculated each month by dividing the cost of rental equipment on rent by the total cost of rental equipment excluding new equipment inventory and accessory equipment.  The average utilization for the period is calculated using the average costs of rental equipment.
[2] Gross Enviroplex sales revenues were $39,814, $30,407 and $31,369 in 2019, 2018 and 2017, respectively.  There were $1,361 inter-segment sales to Mobile Modular in 2018, which have been eliminated in consolidation.  There were no inter-segment sales in 2019 and 2017.