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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Summarized Financial Information for Company's Reportable Segments | Summarized financial information from continuing operations for the years ended December 31, 2023, 2022 and 2021, for the Company’s reportable segments is shown in the following tables:
(dollar amounts in thousands) |  | Mobile Modular |  |  | Portable Storage |  |  | TRS- RenTelco |  |  | Enviroplex 1 |  |  | Consolidated |
Year Ended December 31, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental revenues |  | $ | 285,553 |  |  | $ | 74,536 |  |  | $ | 114,247 |  |  | $ | — |  |  | $ | 474,336 |
Rental related services revenues |  |  | 114,511 |  |  |  | 20,510 |  |  |  | 3,139 |  |  | — |  |  |  | 138,160 |
Sales and other revenues |  |  | 162,172 |  |  |  | 6,091 |  |  |  | 30,891 |  |  |  | 20,192 |  |  |  | 219,346 |
Total revenues |  |  | 562,236 |  |  |  | 101,137 |  |  |  | 148,277 |  |  |  | 20,192 |  |  |  | 831,842 |
Depreciation of rental equipment |  |  | 36,921 |  |  |  | 3,514 |  |  |  | 48,477 |  |  | — |  |  |  | 88,912 |
Gross profit |  |  | 257,921 |  |  |  | 68,880 |  |  |  | 62,604 |  |  |  | 4,228 |  |  |  | 393,633 |
Selling and administrative expenses |  |  | (138,574 | ) |  |  | (31,537 | ) |  |  | (30,962 | ) |  |  | (6,466 | ) |  |  | (207,539 | )
Other income |  |  | 2,329 |  |  |  | 457 |  |  |  | 832 |  |  |  | — |  |  |  | 3,618 |
Income (loss) from operations |  |  | 121,676 |  |  |  | 37,800 |  |  |  | 32,474 |  |  |  | (2,238 | ) |  |  | 189,712 |
Interest expense (income) allocation |  |  | 29,724 |  |  |  | 4,950 |  |  |  | 8,146 |  |  |  | (2,260 | ) |  |  | 40,560 |
Income before provision for income taxes |  |  | 91,952 |  |  |  | 32,850 |  |  |  | 24,638 |  |  |  | 22 |  |  |  | 149,462 |
Rental equipment acquisitions |  |  | 176,200 |  |  |  | 27,967 |  |  |  | 28,945 |  |  | — |  |  |  | 233,112 |
Accounts receivable, net (period end) |  |  | 175,360 |  |  |  | 16,057 |  |  |  | 25,511 |  |  |  | 10,440 |  |  |  | 227,368 |
Rental equipment, at cost (period end) |  |  | 1,291,093 |  |  |  | 236,123 |  |  |  | 377,587 |  |  | — |  |  |  | 1,904,803 |
Rental equipment, net book value (period end) |  |  | 967,712 |  |  |  | 217,315 |  |  |  | 144,296 |  |  | — |  |  |  | 1,329,323 |
Utilization (period end) 2 |  |  | 79.4 | % |  |  | 71.5 | % |  |  | 55.9 | % |  |  |  |  |  |
Average utilization 2 |  |  | 79.7 | % |  |  | 77.3 | % |  |  | 58.9 | % |  |  |  |  |  |
Segment Data (Continued) (dollar amounts in thousands) |  | Mobile Modular |  |  | Portable Storage |  |  | TRS- RenTelco |  |  | Enviroplex 1 |  |  | Consolidated |
Year Ended December 31, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental revenues |  | $ | 206,070 |  |  | $ | 62,218 |  |  | $ | 121,375 |  |  | $ | — |  |  | $ | 389,663 |
Rental related services revenues |  |  | 74,756 |  |  |  | 17,095 |  |  |  | 3,112 |  |  | — |  |  |  | 94,963 |
Sales and other revenues |  |  | 98,385 |  |  |  | 3,193 |  |  |  | 26,291 |  |  |  | 23,170 |  |  |  | 151,039 |
Total revenues |  |  | 379,211 |  |  |  | 82,506 |  |  |  | 150,778 |  |  |  | 23,170 |  |  |  | 635,665 |
Depreciation of rental equipment |  |  | 28,373 |  |  |  | 2,799 |  |  |  | 49,253 |  |  | — |  |  |  | 80,425 |
Gross profit |  |  | 161,885 |  |  |  | 55,302 |  |  |  | 67,899 |  |  |  | 5,122 |  |  |  | 290,208 |
Selling and administrative expenses |  |  | (85,769 | ) |  |  | (24,465 | ) |  |  | (27,245 | ) |  |  | (5,435 | ) |  |  | (142,914 | )
Income (loss) from operations |  |  | 76,116 |  |  |  | 30,837 |  |  |  | 40,654 |  |  |  | (313 | ) |  |  | 147,294 |
Interest expense (income) allocation |  |  | 8,657 |  |  |  | 1,518 |  |  |  | 3,294 |  |  |  | (1,239 | ) |  |  | 12,230 |
Income before provision for income taxes |  |  | 67,459 |  |  |  | 29,319 |  |  |  | 36,982 |  |  |  | 926 |  |  |  | 134,686 |
Rental equipment acquisitions |  |  | 87,535 |  |  |  | 34,072 |  |  |  | 69,928 |  |  | — |  |  |  | 191,535 |
Accounts receivable, net (period end) |  |  | 124,184 |  |  |  | 14,923 |  |  |  | 26,442 |  |  |  | 4,302 |  |  |  | 169,851 |
Rental equipment, at cost (period end) |  |  | 929,636 |  |  |  | 193,632 |  |  |  | 398,267 |  |  | — |  |  |  | 1,521,535 |
Rental equipment, net book value (period end) |  |  | 637,151 |  |  |  | 178,241 |  |  |  | 174,924 |  |  | — |  |  |  | 990,316 |
Utilization (period end) 2 |  |  | 80.3 | % |  |  | 82.6 | % |  |  | 59.4 | % |  |  |  |  |  |
Average utilization 2 |  |  | 78.0 | % |  |  | 84.8 | % |  |  | 64.2 | % |  |  |  |  |  |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental revenues |  | $ | 175,626 |  |  | $ | 44,943 |  |  | $ | 113,419 |  |  | $ | — |  |  | $ | 333,988 |
Rental related services revenues |  |  | 59,756 |  |  |  | 12,574 |  |  |  | 2,880 |  |  | — |  |  |  | 75,210 |
Sales and other revenues |  |  | 65,983 |  |  |  | 4,434 |  |  |  | 23,895 |  |  |  | 31,081 |  |  |  | 125,393 |
Total revenues |  |  | 301,365 |  |  |  | 61,951 |  |  |  | 140,194 |  |  |  | 31,081 |  |  |  | 534,591 |
Depreciation of rental equipment |  |  | 25,852 |  |  |  | 2,219 |  |  |  | 47,374 |  |  | — |  |  |  | 75,445 |
Gross profit |  |  | 136,618 |  |  |  | 39,422 |  |  |  | 61,394 |  |  |  | 9,888 |  |  |  | 247,322 |
Selling and administrative expenses |  |  | (72,091 | ) |  |  | (20,512 | ) |  |  | (25,152 | ) |  |  | (5,303 | ) |  |  | (123,058 | )
Income from operations |  |  | 64,526 |  |  |  | 18,910 |  |  |  | 36,243 |  |  |  | 4,585 |  |  |  | 124,264 |
Interest expense (income) allocation |  |  | 5,553 |  |  |  | 880 |  |  |  | 2,270 |  |  |  | (459 | ) |  |  | 8,244 |
Income before benefit for income taxes |  |  | 58,973 |  |  |  | 18,030 |  |  |  | 33,763 |  |  |  | 5,044 |  |  |  | 115,810 |
Rental equipment acquisitions |  |  | 151,625 |  |  |  | 36,767 |  |  |  | 61,097 |  |  | — |  |  |  | 249,489 |
Accounts receivable, net (period end) |  |  | 101,839 |  |  |  | 10,456 |  |  |  | 22,115 |  |  |  | 8,711 |  |  |  | 143,121 |
Rental equipment, at cost (period end) |  |  | 879,272 |  |  |  | 160,822 |  |  |  | 361,391 |  |  | — |  |  |  | 1,401,485 |
Rental equipment, net book value (period end) |  |  | 603,497 |  |  |  | 148,040 |  |  |  | 161,900 |  |  | — |  |  |  | 913,437 |
Utilization (period end) 2 |  |  | 75.3 | % |  |  | 82.5 | % |  |  | 62.9 | % |  |  |  |  |  |
Average utilization 2 |  |  | 75.4 | % |  |  | 81.0 | % |  |  | 67.0 | % |  |  |  |  |  |
1. Gross Enviroplex sales revenues were $22,615, $24,162 and $32,095 in 2022, 2021 and 2020, respectively. There were $2,422, $992 and $969 inter-segment sales to Mobile Modular in 2023, 2022 and 2021, respectively, which have been eliminated in consolidation. 2. Utilization is calculated each month by dividing the cost of rental equipment on rent by the total cost of rental equipment excluding new equipment inventory and accessory equipment. The average utilization for the period is calculated using the average costs of rental equipment.

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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