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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Leasing $ 343,179 $ 190,143 $ 658,841 $ 378,495
Total revenues 461,102 256,862 886,425 512,683
Costs:        
Leasing 83,032 47,747 152,927 97,556
Depreciation of rental equipment 62,893 45,494 118,591 91,442
Gross profit 222,810 109,964 436,190 216,154
Expenses:        
Selling, general and administrative 122,387 63,653 238,872 129,190
Transaction costs 0 1,619 844 11,050
Other depreciation and amortization 21,622 2,883 39,946 5,957
Lease impairment expense and other related charges 474 1,394 1,727 3,055
Restructuring costs 6,960 749 10,102 689
Currency losses (gains), net 33 (380) 69 518
Other expense (income), net 719 (1,021) (1,269) (745)
Operating income 70,615 41,067 145,899 66,440
Interest expense 29,212 28,519 59,176 56,776
Fair value (gain) loss on common stock warrant liabilities (610) 26,963 26,597 (68,366)
Loss on extinguishment of debt 2,814 0 5,999 0
Income (loss) before income tax 39,199 (14,415) 54,127 78,030
Income tax expense (benefit) 18,828 (285) 29,309 505
Net income (loss) 20,371 (14,130) 24,818 77,525
Net income attributable to non-controlling interest, net of tax 0 1,343 0 1,213
Net income (loss) attributable to WillScot Mobile Mini $ 20,371 $ (15,473) $ 24,818 $ 76,312
Earnings (loss) per share attributable to WillScot Mobile Mini common shareholders        
Basic (in USD per share) $ 0.09 $ (0.14) $ 0.11 $ 0.69
Diluted (in USD per share) $ 0.08 $ (0.14) $ 0.11 $ 0.06
Weighted average shares:        
Basic (in shares) 228,406,812 110,692,426 228,350,318 110,174,536
Diluted (in shares) 236,536,713 110,692,426 234,898,911 112,336,118
Delivery and installation        
Revenues:        
Revenues $ 91,680 $ 51,640 $ 175,184 $ 102,710
Costs:        
Cost of sales 77,153 43,523 147,289 87,388
New units        
Revenues:        
Revenues 11,008 9,763 21,963 19,376
Total revenues 11,008 9,763 21,963 19,376
Costs:        
Cost of sales 7,052 6,331 14,161 12,534
Rental units        
Revenues:        
Revenues 15,235 5,316 30,437 12,102
Total revenues 15,235 5,316 30,437 12,102
Costs:        
Cost of sales $ 8,162 $ 3,803 $ 17,267 $ 7,609