Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2014

Summarized Financial Information for Company's Reportable Segments

Summarized financial information for the six months ended June 30, 2014 and 2013 for the Company’s reportable segments is shown in the following table:


(dollar amounts in thousands)	Mobile Modular			TRS- RenTelco			Adler Tanks			Enviroplex ¹			Consolidated
Six Months Ended June 30,

2014
Rental Revenues	$	44,212		$	48,184		$	35,843		$	—		$	128,239
Rental Related Services Revenues		15,328			1,617			11,713			—			28,658
Sales and Other Revenues		11,415			11,977			769			2,247			26,408
Total Revenues		70,955			61,778			48,325			2,247			183,305
Depreciation of Rental Equipment		7,842			20,539			7,440			—			35,821
Gross Profit		25,774			28,138			26,060			745			80,717
Selling and Administrative Expenses		19,830			12,004			13,836			1,581			47,251
Income (Loss) from Operations		5,944			16,134			12,224			(836	)		33,466
Interest Expense (Income) Allocation		2,290			1,053			1,284			(89	)		4,538
Gain on Sale of Property, Plant and Equipment		341			276			195			—			812
Income (Loss) before Provision for Income Taxes		3,995			15,347			11,135			(747	)		29,730
Rental Equipment Acquisitions		38,177			18,387			15,092			—			71,656
Accounts Receivable, net (period end)		42,947			22,500			21,057			2,580			89,084
Rental Equipment, at cost (period end)		626,457			259,907			298,248			—			1,184,612
Rental Equipment, net book value (period end)		443,086			103,816			248,630			—			795,532
Utilization (period end) ²		71.6	%		62.2	%		61.5	%
Average Utilization ²		70.2	%		58.3	%		61.8	%

2013
Rental Revenues	$	39,288		$	50,179		$	34,177		$	—		$	123,644
Rental Related Services Revenues		12,491			1,412			9,603			—			23,506
Sales and Other Revenues		6,715			14,252			1,354			6,427			28,748
Total Revenues		58,494			65,843			45,134			6,427			175,898
Depreciation of Rental Equipment		7,089			19,474			6,665			—			33,228
Gross Profit		22,894			31,010			24,557			735			79,196
Selling and Administrative Expenses		17,371			12,400			12,097			1,562			43,430
Income (Loss) from Operations		5,523			18,610			12,460			(827	)		35,766
Interest Expense (Income) Allocation		2,158			1,089			1,213			(100	)		4,360
Income (Loss) before Provision for Income Taxes		3,365			17,469			11,247			(727	)		31,354
Rental Equipment Acquisitions		21,521			22,655			15,853			—			60,029
Accounts Receivable, net (period end)		37,573			22,750			24,139			2,824			87,286
Rental Equipment, at cost (period end)		570,352			264,429			269,437			—			1,104,218
Rental Equipment, net book value (period end)		397,702			105,869			234,065			—			737,636
Utilization (period end) ²		67.6	%		63.3	%		68.7	%
Average Utilization ²		66.7	%		63.7	%		65.5	%

1.	Gross Enviroplex sales revenues were $3,323 and $6,430 for the six months ended June 30, 2014 and 2013, respectively, which includes inter-segment sales to Mobile Modular of $1,076 and $3, respectively, which have been eliminated in consolidation.

Utilization is calculated each month by dividing the cost of rental equipment on rent by the total cost of rental equipment excluding accessory equipment and for Mobile Modular and Adler Tanks excluding new equipment inventory. The Average Utilization for the period is calculated using the average costs of rental equipment.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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