XML 53 R45.htm IDEA: XBRL DOCUMENT v3.24.2
Segment Reporting - Summarized Financial Information for Company's Reportable Segments (Detail) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]        
Rental revenues     $ 241,508 $ 228,087
Rental related services revenues     63,938 60,989
Sales and other revenues     94,992 77,672
Total revenues $ 212,611 $ 203,030 400,438 366,748
Depreciation of rental equipment     44,531 44,430
Gross profit     196,683 171,977
Selling and administrative expenses     121,188 104,524
Other income     (9,281)  
Income (loss) from operations     84,776 67,453
Interest expense (income) allocation     25,741 17,409
Income (loss) before provision for income taxes     58,872 50,252
Rental equipment acquisitions     136,326 122,481
Accounts receivable, net (period end) 217,379 191,676 217,379 191,676
Rental equipment, at cost (period end) 2,008,906 1,848,816 2,008,906 1,848,816
Rental equipment, net book value (period end) 1,407,322 1,295,650 1,407,322 1,295,650
Mobile Modular [Member]        
Segment Reporting Information [Line Items]        
Rental revenues     154,535 134,826
Rental related services revenues     53,053 49,370
Sales and other revenues     64,543 58,557
Total revenues 144,546 138,838 272,131 242,753
Depreciation of rental equipment     19,870 18,072
Gross profit     133,131 107,244
Selling and administrative expenses     82,354 69,548
Other income     (6,220)  
Income (loss) from operations     56,999 37,696
Interest expense (income) allocation     19,971 12,592
Income (loss) before provision for income taxes     37,028 25,104
Rental equipment acquisitions     118,300 90,933
Accounts receivable, net (period end) 170,966 144,640 170,966 144,640
Rental equipment, at cost (period end) 1,398,475 1,237,221 1,398,475 1,237,221
Rental equipment, net book value (period end) 1,058,041 928,997 $ 1,058,041 $ 928,997
Utilization (period end) [1]     78.10% 79.20%
Average utilization [1]     78.60% 79.40%
Portable Storage [Member]        
Segment Reporting Information [Line Items]        
Rental revenues     $ 36,230 $ 35,544
Rental related services revenues     9,363 10,072
Sales and other revenues     3,189 2,550
Total revenues 24,022 25,424 48,782 48,166
Depreciation of rental equipment     1,965 1,657
Gross profit     33,405 32,982
Selling and administrative expenses     17,885 15,262
Other income     (1,319)  
Income (loss) from operations     16,840 17,720
Interest expense (income) allocation     2,867 2,126
Income (loss) before provision for income taxes     13,973 15,594
Rental equipment acquisitions     7,403 14,642
Accounts receivable, net (period end) 12,231 17,287 12,231 17,287
Rental equipment, at cost (period end) 242,107 220,763 242,107 220,763
Rental equipment, net book value (period end) 221,486 203,781 $ 221,486 $ 203,781
Utilization (period end) [1]     64.50% 77.00%
Average utilization [1]     67.80% 79.40%
TRS-RenTelco [Member]        
Segment Reporting Information [Line Items]        
Rental revenues     $ 50,743 $ 57,717
Rental related services revenues     1,522 1,547
Sales and other revenues     14,168 14,701
Total revenues 32,670 37,845 66,433 73,965
Depreciation of rental equipment     22,696 24,701
Gross profit     26,846 31,503
Selling and administrative expenses     17,433 16,577
Other income     (1,742)  
Income (loss) from operations     11,155 14,926
Interest expense (income) allocation     4,121 3,801
Income (loss) before provision for income taxes     6,871 11,333
Rental equipment acquisitions     10,623 16,906
Accounts receivable, net (period end) 20,333 26,138 20,333 26,138
Rental equipment, at cost (period end) 368,324 390,832 368,324 390,832
Rental equipment, net book value (period end) 127,795 162,872 $ 127,795 $ 162,872
Utilization (period end) [1]     55.80% 58.30%
Average utilization [1]     56.40% 58.70%
Enviroplex [Member]        
Segment Reporting Information [Line Items]        
Sales and other revenues [2]     $ 13,092 $ 1,864
Total revenues 11,373 923 13,092 [2] 1,864 [2]
Gross profit [2]     3,301 248
Selling and administrative expenses [2]     3,517 3,137
Income (loss) from operations [2]     (216) (2,889)
Interest expense (income) allocation [2]     (1,218) (1,110)
Income (loss) before provision for income taxes [2]     1,002 (1,779)
Accounts receivable, net (period end) $ 13,849 $ 3,611 $ 13,849 $ 3,611
[1] 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 new equipment inventory. The Average utilization for the period is calculated using the average costs of rental equipment.
[2] Gross Enviroplex sales revenues were $13,093 and $1,871 for the six months ended June 30, 2024 and 2023, respectively. There were $2 and $7 of inter-segment sales to Mobile Modular in the six months ended June 30, 2024 and 2023, respectively, which required elimination in consolidation.