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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:      
Net income $ 101,984,000 $ 96,806,000 $ 79,406,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 94,643,000 89,476,000 81,975,000
Impairment of rental assets 0 0 39,000
Provision for doubtful accounts 1,343,000 1,013,000 581,000
Share-based compensation 5,549,000 5,892,000 4,111,000
Gain on sale of used rental equipment (19,329,000) (21,309,000) (19,559,000)
Foreign currency exchange (gain) loss (78,000) (84,000) 489,000
Amortization of debt issuance costs 11,000 11,000 20,000
Change in:      
Accounts receivable 3,440,000 (7,323,000) (15,725,000)
Prepaid expenses and other assets 3,807,000 (13,530,000) (9,351,000)
Accounts payable and accrued liabilities 316,000 20,298,000 (1,612,000)
Deferred income (8,989,000) 5,138,000 10,258,000
Deferred income taxes (2,193,000) 11,606,000 12,035,000
Net cash provided by operating activities 180,504,000 187,994,000 142,667,000
Cash Flows from Investing Activities:      
Purchases of rental equipment (86,329,000) (167,703,000) (123,071,000)
Purchases of property, plant and equipment (13,724,000) (12,080,000) (15,664,000)
Cash paid for acquisition of business assets   (7,808,000) (7,543,000)
Proceeds from sales of used rental equipment 47,052,000 44,447,000 41,786,000
Net cash used in investing activities (53,001,000) (143,144,000) (104,492,000)
Cash Flows from Financing Activities:      
Net (repayment) borrowing under bank lines of credit (70,689,000) (5,144,000) 15,130,000
Principal payments on Series A senior notes     (20,000,000)
Repurchase of common stock (13,617,000)    
Taxes paid related to net share settlement of stock awards (4,376,000) (3,333,000) (3,257,000)
Payment of dividends (39,769,000) (35,539,000) (30,939,000)
Net cash used in financing activities (128,451,000) (44,016,000) (39,066,000)
Effect of foreign currency exchange rate changes on cash (156,000)   (102,000)
Net (decrease) increase in cash (1,104,000) 834,000 (993,000)
Cash balance, beginning of period 2,342,000 1,508,000 2,501,000
Cash balance, end of period 1,238,000 2,342,000 1,508,000
Supplemental Disclosure of Cash Flow Information:      
Interest paid, during the period 9,050,000 12,475,000 12,598,000
Net income taxes paid, during the period 34,903,000 17,528,000 18,157,000
Dividends accrued during the period, not yet paid 10,083,000 9,489,000 8,388,000
Rental equipment acquisitions, not yet paid $ 4,373,000 $ 6,496,000 $ 9,695,000