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Revisions of Prior Period Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2019
Accounting Changes and Error Corrections [Abstract] |
Schedule of Revisions of Prior Period Financial Statements | These revisions are summarized in the tables below. Revised Consolidated Balance Sheet
|  | As of December 31, 2018 |  |  |  |
($ in thousands) |  | As Reported |  | Revisions |  | As Revised
Assets |  |  |  |  |  |
Inventory |  | $ | 30,974 |  |  |  | $ | (784) |  |  |  | $ | 30,190 |
Prepaid income taxes |  | 3,148 |  |  |  | 40 |  |  |  | 3,188 |
Prepaid expenses and other |  | 2,430 |  |  |  | (734) |  |  |  | 1,696 |
Total current assets |  | 96,399 |  |  |  | (1,478) |  |  |  | 94,921 |
Rental equipment, net of accumulated depreciation |  | 175,886 |  |  |  | 220 |  |  |  | 176,106 |
Property and equipment, net of accumulated depreciation |  | 16,587 |  |  |  | 57 |  |  |  | 16,644 |
Total assets |  | 305,401 |  |  |  | (1,201) |  |  |  | 304,200 |
Liabilities and Stockholders' Equity |  |  |  |  |  |  |  |  |  |  |
Deferred income tax liability |  | $ | 32,158 |  |  |  | $ | (252) |  |  |  | $ | 31,906 |
Total liabilities |  | 45,220 |  |  |  | (252) |  |  |  | 44,968 |
Retained earnings |  | 152,291 |  |  |  | (949) |  |  |  | 151,342 |
Total stockholders' equity |  | 260,181 |  |  |  | (949) |  |  |  | 259,232 |
Total liabilities and stockholders' equity |  | 305,401 |  |  |  | (1,201) |  |  |  | 304,200 |
Revised Consolidated Statements of Income
|  | For the Year Ended December 31, 2018 |  |  |  |
($ in thousands, except per share) |  | As Reported |  | Revisions |  | As Revised
Total revenue |  | $ | 65,478 |  |  |  | $ | — |  |  |  | $ | 65,478 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |  |
Cost of rentals, exclusive of depreciation stated separately below |  | 20,746 |  |  |  | 1,114 |  |  |  | 21,860 |
Depreciation and amortization |  | 22,049 |  |  |  | 31 |  |  |  | 22,080 |
Total operating costs and expenses |  | 64,840 |  |  |  | 1,145 |  |  |  | 65,985 |
Operating income (loss) |  | 638 |  |  |  | (1,145) |  |  |  | (507) |
Income (loss) before provision for income taxes |  | 751 |  |  |  | (1,145) |  |  |  | (394) |
Provision for income taxes: |  |  |  |  |  |  |  |  |  |  |
Current benefit (expense) |  | 248 |  |  |  | (6) |  |  |  | 242 |
Deferred (expense) benefit |  | (573) |  |  |  | 259 |  |  |  | (314) |
Income tax (expense) benefit |  | (325) |  |  |  | 253 |  |  |  | (72) |
Net income (loss) |  | 426 |  |  |  | (892) |  |  |  | (466) |
Earnings (loss) per share, basic |  | 0.03 |  |  |  | (0.07) |  |  |  | (0.04) |
Earnings (loss) per share, diluted |  | 0.03 |  |  |  | (0.07) |  |  |  | (0.04) |
|  | For the Year Ended December 31, 2017 |  |  |  |
($ in thousands, except per share) |  | As Reported |  | Revisions |  | As Revised
Total revenue |  | $ | 67,693 |  |  | $ | — |  |  | $ | 67,693 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |
Cost of rentals, exclusive of depreciation stated separately below |  | 18,078 |  |  | 82 |  |  | 18,160 |
Depreciation and amortization |  | 21,302 |  |  | 14 |  |  | 21,316 |
Total operating costs and expenses |  | 66,126 |  |  | 96 |  |  | 66,222 |
Operating income (loss) |  | 1,567 |  |  | (96) |  |  | 1,471 |
Income (loss) before provision for income taxes |  | 1,603 |  |  | (96) |  |  | 1,507 |
Provision for income taxes: |  |  |  |  |  |  |  |  |
Current (expense) benefit |  | (3,334) |  |  | 46 |  |  | (3,288) |
Deferred benefit (expense) |  | 21,582 |  |  | (7) |  |  | 21,575 |
Income tax benefit |  | 18,248 |  |  | 39 |  |  | 18,287 |
Net income (loss) |  | 19,851 |  |  | (57) |  |  | 19,794 |
Earnings (loss) per share, basic |  | 1.55 |  |  |  | (0.01) |  |  |  | 1.54 |
Earnings (loss) per share, diluted |  | 1.51 |  |  |  | — |  |  |  | 1.51 |
Revised Consolidated Statements of Stockholders' Equity
|  | For the Year Ended December 31, 2018 |  |  |  |
($ in thousands) |  | As Reported |  | Revisions |  | As Revised
Net income (loss) |  | $ | 426 |  |  |  | $ | (892) |  |  |  | $ | (466) |
Retained earnings |  | 152,291 |  |  |  | (949) |  |  |  | 151,342 |
Total stockholders' equity |  | 260,181 |  |  |  | (949) |  |  |  | 259,232 |
|  | For the Year Ended December 31, 2017 |  |  |  |
($ in thousands) |  | As Reported |  | Revisions |  | As Revised
Net income (loss) |  | $ | 19,851 |  |  |  | $ | (57) |  |  |  | $ | 19,794 |
Retained earnings |  | 151,865 |  |  |  | (57) |  |  |  | 151,808 |
Total stockholders' equity |  | 257,319 |  |  |  | (57) |  |  |  | 257,262 |
Revised Consolidated Statements of Cash Flows
|  | For the Year Ended December 31, 2018 |  |  |  |
($ in thousands) |  | As Reported |  | Revisions |  | As Revised
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 426 |  |  |  | $ | (892) |  |  |  | $ | (466) |
Depreciation and amortization |  | 22,049 |  |  |  | 31 |  |  |  | 22,080 |
Deferred taxes |  | 573 |  |  |  | (259) |  |  |  | 314 |
Inventory (increase) decrease |  | (5,757) |  |  |  | 655 |  |  |  | (5,102) |
Prepaid income taxes and prepaid expenses (increase) decrease |  | (1,318) |  |  |  | 740 |  |  |  | (578) |
Net cash provided by operating activities |  | 23,414 |  |  |  | 275 |  |  |  | 23,689 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Purchase of rental equipment, property and other equipment |  | (39,790) |  |  |  | (275) |  |  |  | (40,065) |
Net cash used in investing activities |  | (40,010) |  |  |  | (275) |  |  |  | (40,285) |
Net change in cash and cash equivalents |  | (16,580) |  |  |  | — |  |  |  | (16,580) |
|  | For the Year Ended December 31, 2017 |  |  |  |
($ in thousands) |  | As Reported |  | Revisions |  | As Revised
Cash flows from operating activities: |  |  |  |  |  |
Net income (loss) |  | $ | 19,851 |  |  | $ | (57) |  |  | $ | 19,794 |
Depreciation and amortization |  | 21,302 |  |  | 14 |  |  | 21,316 |
Deferred taxes |  | (21,582) |  |  | 7 |  |  | (21,575) |
Inventory (increase) decrease |  | (5,350) |  |  | 129 |  |  | (5,221) |
Prepaid income taxes and prepaid expenses increase |  | (1,806) |  |  | (46) |  |  | (1,852) |
Net cash provided by operating activities |  | 17,452 |  |  | 47 |  |  | 17,499 |
Cash flows from investing activities: |  |  |  |  |  |
Purchase of rental equipment, property and other equipment |  | (13,489) |  |  | (47) |  |  | (13,536) |
Net cash used in investing activities |  | (12,791) |  |  | (47) |  |  | (12,838) |
Net change in cash and cash equivalents |  | 5,114 |  |  | — |  |  | 5,114 |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794 + Details
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