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Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2018
Business Combinations [Abstract]  
Business Acquisition, Pro Forma Information
The table below presents unaudited pro-forma consolidated statements of operations information as if Acton had been included in the Company’s consolidated results for the three months ended March 31, 2017:
(in thousands)
Three Months Ended
March 31, 2017
WSC historic revenues (a)
$
99,321

Acton historic revenues
22,156

Pro-forma revenues
121,477

 
 
WSC historic pretax loss (a)
(17,253
)
Acton historic pretax loss
(166
)
Pro-forma pretax loss
(17,419
)
Pro-forma adjustments to combined pretax loss:
 
Impact of fair value mark-ups/useful life changes on depreciation (b)
(636
)
Intangible asset amortization (c)
(177
)
Interest expense (d)
(2,579
)
Elimination of historic Acton interest (e)
1,178

Pro-forma pretax loss
(19,633
)
Income tax benefit
(5,541
)
Proforma loss from continuing operations
(14,092
)
Income from discontinued operations
2,205

Net loss
$
(11,887
)
(a) Excludes historic revenues and pre-tax income from discontinued operations
(b) Depreciation of rental equipment and non-rental depreciation were adjusted for the fair value mark-ups of equipment acquired in
the Acton acquisition. The useful lives assigned to such equipment did not change significantly from the useful lives used by Acton.
(c) Amortization of the trade name acquired in Acton acquisition.
(d) In connection with the Acton acquisition, the Company drew $237.1 million on the ABL Facility. As of March 2018, the weighted-
average interest rate of ABL borrowings was 4.35%.
(e) Interest on Acton historic debt was eliminated.