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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combinations [Abstract] |
Summary of Preliminary Purchase Price Allocations Reflecting Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following tables summarize the purchase price allocations reflecting estimated fair values of assets acquired and liabilities assumed in the Vesta Modular, Brekke Storage and Dixie Storage business acquisitions, with excess amounts allocated to goodwill. The estimated fair values of the assets acquired and liabilities assumed at the acquisition date are determined based on preliminary valuations and analyses. Accordingly, the Company has made provisional estimates for the assets acquired and liabilities assumed. The valuation of intangible assets acquired is based on certain valuation assumptions including cash flow projections, discount rates, contributory asset charges and other valuation model inputs. The valuation of tangible long-lived assets acquired is dependent upon various analyses including an analysis of the condition and estimated remaining economic lives of the assets acquired. Vesta Modular:
(dollar amounts in thousands) |  |  |
Rental equipment |  | $ | 212,639 |
Intangible assets: |  |  |
Goodwill |  |  | 211,178 |
Customer relationships |  |  | 29,900 |
Non-compete |  |  | 7,100 |
Trade name |  |  | 800 |
Cash |  |  | 11 |
Accounts receivable |  |  | 22,666 |
Property, plant and equipment |  |  | 1,437 |
Prepaid expenses and other assets |  |  | 3,550 |
Accounts payable and accrued liabilities |  |  | (26,202 | )
Deferred income |  |  | (14,273 | )
Deferred income taxes |  |  | (11,596 | )
Total purchase price |  | $ | 437,210 |
Brekke Storage:
(dollar amounts in thousands) |  |  |
Rental equipment |  | $ | 10,798 |
Intangible assets: |  |  |
Goodwill |  |  | 4,083 |
Customer relationships |  |  | 949 |
Non-compete |  |  | 59 |
Property, plant and equipment |  |  | 875 |
Deferred income |  |  | (382 | )
Total purchase price |  | $ | 16,382 |
Dixie Storage:
(dollar amounts in thousands) |  |  |
Rental equipment |  | $ | 2,758 |
Intangible assets: |  |  |
Goodwill |  |  | 1,555 |
Customer relationships |  |  | 259 |
Non-compete |  |  | 22 |
Property, plant and equipment |  |  | 318 |
Deferred income |  |  | (161 | )
Total purchase price |  | $ | 4,751 |
Summary of Pro Forma Data |
|  | (Unaudited) |
|  | Year Ended December 31, |
(dollar amounts in thousands, except for per share amounts) |  | 2023 |  |  | 2022 |
Pro-forma total revenues |  | $ | 839,485 |  |  | $ | 765,916 |
Pro-forma net income |  | $ | 174,325 |  |  | $ | 110,210 |
Pro-forma basic earnings per share |  | $ | 4.56 |  |  | $ | 4.04 |
Pro-forma diluted earnings per share |  | $ | 4.55 |  |  | $ | 4.01 |
Vesta Modular |  |  |  |  |  |
Actual total revenues |  | $ | 110,504 |  |  |  |
Actual net income |  | $ | 21,458 |  |  |  |
Actual basic earnings per share |  | $ | 0.88 |  |  |  |
Actual diluted earnings per share |  | $ | 0.87 |  |  |  |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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