10-K Filing

MCGRATH RENTCORP CIK: 752714 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0000950170-24-017876`
Period End Date	20231231
Filing Date	20240221
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	mgrc-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 95 Cash Flow Statement 102 Stockholders Equity 30 Comprehensive Income 9

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$2.80M	USD	Point-in-time
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$2.12M	USD	Point-in-time
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivable`	$2.30M	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$877.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$957.00K	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $2,801 at December 31, 2023 and $2,300 at December 31, 2022	`AccountsReceivableNet`	$227.37M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Accounts receivable, net of allowance for credit losses of $2,801 at December 31, 2023 and $2,300 at December 31, 2022	`AccountsReceivableNet`	$169.94M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.39M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.50M	shares	Point-in-time
Relocatable modular buildings	`RelocatableModularBuildings`	$1.29B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.39M	shares	Point-in-time
Relocatable modular buildings	`RelocatableModularBuildings`	$938.08M	USD	Point-in-time
Portable storage containers	`PortableStorageContainers`	$236.12M	USD	Point-in-time
Portable storage containers	`PortableStorageContainers`	$185.19M	USD	Point-in-time
Electronic test equipment	`ElectronicTestEquipment`	$398.27M	USD	Point-in-time
Electronic test equipment	`ElectronicTestEquipment`	$377.59M	USD	Point-in-time
Rental equipment, gross	`PropertySubjectToOrAvailableForOperatingLeaseGross`	$1.52B	USD	Point-in-time
Rental equipment, gross	`PropertySubjectToOrAvailableForOperatingLeaseGross`	$1.90B	USD	Point-in-time
Less: accumulated depreciation	`PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation`	$575.48M	USD	Point-in-time
Less: accumulated depreciation	`PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation`	$531.22M	USD	Point-in-time
Rental equipment, net	`PropertySubjectToOrAvailableForOperatingLeaseNet`	$990.32M	USD	Point-in-time
Rental equipment, net	`PropertySubjectToOrAvailableForOperatingLeaseNet`	$1.33B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciation`	$138.71M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciation`	$169.11M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$102.79M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$69.84M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$64.59M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$35.43M	USD	Point-in-time
Goodwill	`Goodwill`	$106.40M	USD	Point-in-time
Goodwill	`Goodwill`	$323.22M	USD	Point-in-time
Assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$196.25M	USD	Point-in-time
Total assets	`Assets`	$1.71B	USD	Point-in-time
Total assets	`Assets`	$2.22B	USD	Point-in-time
Notes payable	`NotesPayable`	$762.98M	USD	Point-in-time
Notes payable	`NotesPayable`	$413.74M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$151.21M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$167.52M	USD	Point-in-time
Deferred income	`DeferredRevenue`	$111.43M	USD	Point-in-time
Deferred income	`DeferredRevenue`	$82.42M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$203.36M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$241.56M	USD	Point-in-time
Liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$53.17M	USD	Point-in-time
Total liabilities	`Liabilities`	$903.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.28B	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, no par value - Authorized 40,000 shares Issued and outstanding - 24,496 shares as of December 31, 2023 and 24,388 shares as of December 31, 2022	`CommonStockValue`	$111.12M	USD	Point-in-time
Common stock, no par value - Authorized 40,000 shares Issued and outstanding - 24,496 shares as of December 31, 2023 and 24,388 shares as of December 31, 2022	`CommonStockValue`	$110.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$693.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$822.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-78.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-116.00K	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$803.95M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$682.60M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$732.02M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$933.80M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$2.22B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.71B	USD	Point-in-time

Income Statement 95 line items

Line Item	Tag	Value	Unit	Period
Rental	`OperatingLeaseLeaseIncomeLeasePayments`	$474.34M	USD	Annual
Rental	`OperatingLeaseLeaseIncomeLeasePayments`	$389.66M	USD	Annual
Rental	`OperatingLeaseLeaseIncomeLeasePayments`	$333.99M	USD	Annual
Rental related services	`OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue`	$138.16M	USD	Annual
Rental related services	`OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue`	$75.21M	USD	Annual
Rental related services	`OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue`	$94.96M	USD	Annual
Rental operations	`OperatingLeaseLeaseAndRelatedServicesIncome`	$409.20M	USD	Annual
Rental operations	`OperatingLeaseLeaseAndRelatedServicesIncome`	$612.50M	USD	Annual
Rental operations	`OperatingLeaseLeaseAndRelatedServicesIncome`	$484.63M	USD	Annual
Total revenues	`Revenues`	$534.59M	USD	Annual
Total revenues	`Revenues`	$831.84M	USD	Annual
Total revenues	`Revenues`	$635.66M	USD	Annual
Depreciation of rental equipment	`CostOfGoodsAndServicesSoldDepreciation`	$80.42M	USD	Annual
Depreciation of rental equipment	`CostOfGoodsAndServicesSoldDepreciation`	$75.44M	USD	Annual
Depreciation of rental equipment	`CostOfGoodsAndServicesSoldDepreciation`	$88.91M	USD	Annual
Rental related services	`CostOfRentalRelatedServices`	$96.63M	USD	Annual
Rental related services	`CostOfRentalRelatedServices`	$68.85M	USD	Annual
Rental related services	`CostOfRentalRelatedServices`	$55.72M	USD	Annual
Other	`OtherCostOfOperatingRevenue`	$104.36M	USD	Annual
Other	`OtherCostOfOperatingRevenue`	$114.94M	USD	Annual
Other	`OtherCostOfOperatingRevenue`	$79.58M	USD	Annual
Total direct costs of rental operations	`DirectCostsOfRentalOperations`	$210.74M	USD	Annual
Total direct costs of rental operations	`DirectCostsOfRentalOperations`	$253.63M	USD	Annual
Total direct costs of rental operations	`DirectCostsOfRentalOperations`	$300.48M	USD	Annual
Costs of sales	`CostOfGoodsAndServicesSold`	$76.53M	USD	Annual
Costs of sales	`CostOfGoodsAndServicesSold`	$137.73M	USD	Annual
Costs of sales	`CostOfGoodsAndServicesSold`	$91.83M	USD	Annual
Total costs of revenues	`CostOfRevenue`	$438.21M	USD	Annual
Total costs of revenues	`CostOfRevenue`	$287.27M	USD	Annual
Total costs of revenues	`CostOfRevenue`	$345.46M	USD	Annual
Gross profit	`GrossProfit`	$393.63M	USD	Annual
Gross profit	`GrossProfit`	$247.32M	USD	Annual
Gross profit	`GrossProfit`	$290.21M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$123.06M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$207.54M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$142.91M	USD	Annual
Other income	`OtherOperatingIncomeExpenseNet`	$3.62M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$147.29M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$124.26M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$189.71M	USD	Annual
Interest expense	`InterestExpenseDebt`	$8.24M	USD	Annual
Interest expense	`InterestExpenseDebt`	$12.23M	USD	Annual
Interest expense	`InterestExpenseDebt`	$40.56M	USD	Annual
Foreign currency exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$310.00K	USD	Annual
Foreign currency exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-378.00K	USD	Annual
Foreign currency exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-210.00K	USD	Annual
Income from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$115.81M	USD	Annual
Income from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$149.46M	USD	Annual
Income from continuing operations before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$134.69M	USD	Annual
Provision for income taxes from continuing operations	`IncomeTaxExpenseBenefit`	$37.61M	USD	Annual
Provision for income taxes from continuing operations	`IncomeTaxExpenseBenefit`	$30.73M	USD	Annual
Provision for income taxes from continuing operations	`IncomeTaxExpenseBenefit`	$31.38M	USD	Annual
Income from continuing operations	`IncomeLossFromContinuingOperations`	$111.85M	USD	Annual
Income from continuing operations	`IncomeLossFromContinuingOperations`	$85.08M	USD	Annual
Income from continuing operations	`IncomeLossFromContinuingOperations`	$103.31M	USD	Annual
Income from discontinued operations before provision for income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$1.71M	USD	Annual
Income from discontinued operations before provision for income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$15.33M	USD	Annual
Income from discontinued operations before provision for income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$5.95M	USD	Annual
Provision for income taxes from discontinued operations	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$1.33M	USD	Annual
Provision for income taxes from discontinued operations	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$453.00K	USD	Annual
Provision for income taxes from discontinued operations	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$3.50M	USD	Annual
Gain on sale of discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$61.51M	USD	Annual
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$11.83M	USD	Annual
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$62.77M	USD	Annual
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$4.62M	USD	Annual
Net income	`NetIncomeLoss`	$89.70M	USD	Annual
Net income	`NetIncomeLoss`	$115.14M	USD	Annual
Net income	`NetIncomeLoss`	$174.62M	USD	Annual
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$4.57	USD	Annual
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$4.24	USD	Annual
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$3.51	USD	Annual
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$4.56	USD	Annual
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$3.47	USD	Annual
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$4.21	USD	Annual
Basic	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$0.19	USD	Annual
Basic	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$0.49	USD	Annual
Basic	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$2.57	USD	Annual
Diluted	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$0.48	USD	Annual
Diluted	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$0.19	USD	Annual
Diluted	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$2.56	USD	Annual
Basic	`EarningsPerShareBasic`	$4.73	USD	Annual
Basic	`EarningsPerShareBasic`	$3.70	USD	Annual
Basic	`EarningsPerShareBasic`	$7.14	USD	Annual
Diluted	`EarningsPerShareDiluted`	$3.66	USD	Annual
Diluted	`EarningsPerShareDiluted`	$4.70	USD	Annual
Diluted	`EarningsPerShareDiluted`	$7.12	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.22M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.35M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.47M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.53M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.52M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.52M	shares	Annual
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$1.86	USD	Annual
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$1.74	USD	Annual
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$1.82	USD	Annual

Cash Flow Statement 102 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$89.70M	USD	Annual
Net income	`ProfitLoss`	$174.62M	USD	Annual
Net income	`ProfitLoss`	$115.14M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$106.69M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$109.38M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$111.34M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-4.49M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-26.35M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$16.95M	USD	Annual
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$2.63M	USD	Annual
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$451.00K	USD	Annual
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$837.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$7.67M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$8.28M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$8.01M	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$3.62M	USD	Annual
Gain on sale of discontinued operations	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	$61.51M	USD	Annual
Gain on sale of used rental equipment	`GainLossOnSaleOfProperties`	$31.64M	USD	Annual
Gain on sale of used rental equipment	`GainLossOnSaleOfProperties`	$37.98M	USD	Annual
Gain on sale of used rental equipment	`GainLossOnSaleOfProperties`	$25.44M	USD	Annual
Foreign currency exchange (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$310.00K	USD	Annual
Foreign currency exchange (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-378.00K	USD	Annual
Foreign currency exchange (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-210.00K	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$16.00K	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$8.00K	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$15.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$31.36M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$24.40M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$37.78M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.82M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.48M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$29.33M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.22M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-32.53M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$16.35M	USD	Annual
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$9.08M	USD	Annual
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$23.70M	USD	Annual
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$14.09M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$194.43M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$95.34M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$195.74M	USD	Annual
Proceeds from sale of discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$268.01M	USD	Annual
Purchases of rental equipment	`PaymentsToAcquireEquipmentOnLease`	$114.14M	USD	Annual
Purchases of rental equipment	`PaymentsToAcquireEquipmentOnLease`	$187.69M	USD	Annual
Purchases of rental equipment	`PaymentsToAcquireEquipmentOnLease`	$229.68M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.99M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.62M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.68M	USD	Annual
Cash paid for acquisition of businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$283.12M	USD	Annual
Cash paid for acquisition of businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$458.31M	USD	Annual
Cash paid for acquisition of business assets	`CashPaidForAcquisitionOfBusinessAssets`	$3.77M	USD	Annual
Cash paid for acquisition of business assets	`CashPaidForAcquisitionOfBusinessAssets`	$6.58M	USD	Annual
Cash paid for acquisition of non-compete agreements	`PaymentsToAcquireIntangibleAssets`	$2.50M	USD	Annual
Proceeds from sales of used rental equipment	`ProceedsFromSalesOfUsedRentalEquipment`	$66.17M	USD	Annual
Proceeds from sales of used rental equipment	`ProceedsFromSalesOfUsedRentalEquipment`	$57.34M	USD	Annual
Proceeds from sales of used rental equipment	`ProceedsFromSalesOfUsedRentalEquipment`	$73.88M	USD	Annual
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.70M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-391.87M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-351.70M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-131.43M	USD	Annual
Net borrowings under bank lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$274.23M	USD	Annual
Net borrowings under bank lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$143.73M	USD	Annual
Net borrowings under bank lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$47.27M	USD	Annual
Borrowings under senior note purchase agreement	`ProceedsFromIssuanceOfUnsecuredDebt`	$75.00M	USD	Annual
Borrowings under senior note purchase agreement	`ProceedsFromIssuanceOfUnsecuredDebt`	$100.00M	USD	Annual
Repayments of Senior Debt	`RepaymentsOfSeniorDebt`	$60.00M	USD	Annual
Repayments of Senior Debt	`RepaymentsOfSeniorDebt`	$40.00M	USD	Annual
Taxes paid related to net share settlement of stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.54M	USD	Annual
Taxes paid related to net share settlement of stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.34M	USD	Annual
Taxes paid related to net share settlement of stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.23M	USD	Annual
Payment of dividends	`PaymentsOfDividendsCommonStock`	$42.18M	USD	Annual
Payment of dividends	`PaymentsOfDividendsCommonStock`	$44.27M	USD	Annual
Payment of dividends	`PaymentsOfDividendsCommonStock`	$45.56M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$156.20M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-63.53M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$296.44M	USD	Annual
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.00K	USD	Annual
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.00K	USD	Annual
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-6.00K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-80.00K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-534.00K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$253.00K	USD	Annual
Cash balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.24M	USD	Point-in-time
Cash balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.49M	USD	Point-in-time
Cash balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$877.00K	USD	Point-in-time
Cash balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$957.00K	USD	Point-in-time
Cash balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.24M	USD	Point-in-time
Cash balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.49M	USD	Point-in-time
Cash balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$877.00K	USD	Point-in-time
Cash balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$957.00K	USD	Point-in-time
Interest paid, during the period	`InterestPaidNet`	$14.78M	USD	Annual
Interest paid, during the period	`InterestPaidNet`	$10.33M	USD	Annual
Interest paid, during the period	`InterestPaidNet`	$38.60M	USD	Annual
Net income taxes paid, during the period	`IncomeTaxesPaidNet`	$9.09M	USD	Annual
Net income taxes paid, during the period	`IncomeTaxesPaidNet`	$27.36M	USD	Annual
Net income taxes paid, during the period	`IncomeTaxesPaidNet`	$91.56M	USD	Annual
Dividends accrued during the period, not yet paid	`DividendsPayableCurrentAndNoncurrent`	$12.01M	USD	Point-in-time
Dividends accrued during the period, not yet paid	`DividendsPayableCurrentAndNoncurrent`	$11.23M	USD	Point-in-time
Dividends accrued during the period, not yet paid	`DividendsPayableCurrentAndNoncurrent`	$11.28M	USD	Point-in-time
Rental equipment acquisitions, not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$13.22M	USD	Annual
Rental equipment acquisitions, not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$5.75M	USD	Annual
Rental equipment acquisitions, not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$16.65M	USD	Annual

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$1.86	USD	Annual
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$1.74	USD	Annual
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$1.82	USD	Annual
Balance	`StockholdersEquity`	$803.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$682.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$732.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$933.80M	USD	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	24.50M	shares	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	24.39M	shares	Point-in-time
Net income	`NetIncomeLoss`	$89.70M	USD	Annual
Net income	`NetIncomeLoss`	$115.14M	USD	Annual
Net income	`NetIncomeLoss`	$174.62M	USD	Annual
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$7.67M	USD	Annual
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$8.01M	USD	Annual
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$8.28M	USD	Annual
Taxes paid related to net share settlement of stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.34M	USD	Annual
Taxes paid related to net share settlement of stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.54M	USD	Annual
Taxes paid related to net share settlement of stock awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.23M	USD	Annual
Dividends accrued at $1.74, $1.82 and $1.86 per share in 2021, 2022 and 2023	`DividendsCommonStock`	$44.66M	USD	Annual
Dividends accrued at $1.74, $1.82 and $1.86 per share in 2021, 2022 and 2023	`DividendsCommonStock`	$45.77M	USD	Annual
Dividends accrued at $1.74, $1.82 and $1.86 per share in 2021, 2022 and 2023	`DividendsCommonStock`	$42.66M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$50.00K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-38.00K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-24.00K	USD	Annual
Balance	`StockholdersEquity`	$803.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$682.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$732.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$933.80M	USD	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	24.50M	shares	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	24.39M	shares	Point-in-time

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$89.70M	USD	Annual
Net income	`NetIncomeLoss`	$115.14M	USD	Annual
Net income	`NetIncomeLoss`	$174.62M	USD	Annual
Foreign currency translation adjustment, net of tax impact	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-38.00K	USD	Annual
Foreign currency translation adjustment, net of tax impact	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-24.00K	USD	Annual
Foreign currency translation adjustment, net of tax impact	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$50.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$89.75M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$174.58M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$115.11M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.