XML 48 R36.htm IDEA: XBRL DOCUMENT
v3.21.2

Intangible (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | Intangible assets other than goodwill at the respective balance sheet dates consisted of the following:
| June 30, 2021
(in thousands) | Weighted average remaining life (in years) |  | Gross carrying amount |  | Accumulated amortization |  | Net book value
Intangible assets subject to amortization: |  |  |  |  |  |  |
Trade name - ModSpace | 0.2 |  | $ | 3,000 |  |  | $ | (2,875) |  |  | $ | 125 |
Mobile Mini customer relationships | 7.1 |  | 209,000 |  |  | (25,048) |  |  | 183,952 |
Technology | 5.0 |  | 1,500 |  |  | (250) |  |  | 1,250 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |
Trade name - Mobile Mini |  |  | 164,000 |  |  | — |  |  | 164,000 |
Trade name - WillScot |  |  | 125,000 |  |  | — |  |  | 125,000 |
Total intangible assets other than goodwill |  |  | $ | 502,500 |  |  | $ | (28,173) |  |  | $ | 474,327 |
| December 31, 2020
(in thousands) | Weighted average remaining life (in years) |  | Gross carrying amount |  | Accumulated amortization |  | Net book value
Intangible assets subject to amortization: |  |  |  |  |  |  |
Trade name - ModSpace | 0.7 |  | $ | 3,000 |  |  | $ | (2,375) |  |  | $ | 625 |
Mobile Mini customer relationships | 8.0 |  | 217,000 |  |  | (12,053) |  |  | 204,947 |
Technology | 5.5 |  | 1,500 |  |  | (125) |  |  | 1,375 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |
Trade name - Mobile Mini |  |  | 164,000 |  |  | — |  |  | 164,000 |
Trade name - WillScot |  |  | 125,000 |  |  | — |  |  | 125,000 |
Total intangible assets other than goodwill |  |  | $ | 510,500 |  |  | $ | (14,553) |  |  | $ | 495,947 |
Schedule of Intangible Assets | Intangible assets other than goodwill at the respective balance sheet dates consisted of the following:
| June 30, 2021
(in thousands) | Weighted average remaining life (in years) |  | Gross carrying amount |  | Accumulated amortization |  | Net book value
Intangible assets subject to amortization: |  |  |  |  |  |  |
Trade name - ModSpace | 0.2 |  | $ | 3,000 |  |  | $ | (2,875) |  |  | $ | 125 |
Mobile Mini customer relationships | 7.1 |  | 209,000 |  |  | (25,048) |  |  | 183,952 |
Technology | 5.0 |  | 1,500 |  |  | (250) |  |  | 1,250 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |
Trade name - Mobile Mini |  |  | 164,000 |  |  | — |  |  | 164,000 |
Trade name - WillScot |  |  | 125,000 |  |  | — |  |  | 125,000 |
Total intangible assets other than goodwill |  |  | $ | 502,500 |  |  | $ | (28,173) |  |  | $ | 474,327 |
| December 31, 2020
(in thousands) | Weighted average remaining life (in years) |  | Gross carrying amount |  | Accumulated amortization |  | Net book value
Intangible assets subject to amortization: |  |  |  |  |  |  |
Trade name - ModSpace | 0.7 |  | $ | 3,000 |  |  | $ | (2,375) |  |  | $ | 625 |
Mobile Mini customer relationships | 8.0 |  | 217,000 |  |  | (12,053) |  |  | 204,947 |
Technology | 5.5 |  | 1,500 |  |  | (125) |  |  | 1,375 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |
Trade name - Mobile Mini |  |  | 164,000 |  |  | — |  |  | 164,000 |
Trade name - WillScot |  |  | 125,000 |  |  | — |  |  | 125,000 |
Total intangible assets other than goodwill |  |  | $ | 510,500 |  |  | $ | (14,553) |  |  | $ | 495,947 |
Schedule of Future Amortization of Intangible Assets | Based on the carrying value at June 30, 2021, future amortization of intangible assets is expected to be as follows for the years ended December 31:
(in thousands) |
2021 (remaining) | $ | 13,334 |
2022 | 26,416 |
2023 | 26,416 |
2024 | 26,416 |
2025 | 26,416 |
Thereafter | 66,329 |
Total | $ | 185,327 |

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration