10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-14-171977 |
| Period End Date | 20140331 |
| Filing Date | 20140430 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | mgrc-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
61 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivable
|
$2.02M | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivable
|
$2.01M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.63M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.21M | USD | Point-in-time |
| Common Stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$461.00K | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.61M | USD | Point-in-time |
| Common Stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Accounts Receivable, net of allowance for doubtful accounts of $2,022 in 2014 and $2,007 in 2013 |
AccountsReceivableNet
|
$87.65M | USD | Point-in-time |
| Common Stock, shares authorized |
CommonStockSharesAuthorized
|
40.00M | shares | Point-in-time |
| Accounts Receivable, net of allowance for doubtful accounts of $2,022 in 2014 and $2,007 in 2013 |
AccountsReceivableNet
|
$87.03M | USD | Point-in-time |
| Common Stock, shares authorized |
CommonStockSharesAuthorized
|
40.00M | shares | Point-in-time |
| Accounts Receivable, net of allowance for doubtful accounts of $2,022 in 2014 and $2,007 in 2013 |
AccountsReceivableNet
|
$83.07M | USD | Point-in-time |
| Common Stock, shares issued |
CommonStockSharesIssued
|
25.76M | shares | Point-in-time |
| Common Stock, shares issued |
CommonStockSharesIssued
|
25.87M | shares | Point-in-time |
| Common Stock, shares outstanding |
CommonStockSharesOutstanding
|
25.76M | shares | Point-in-time |
| Common Stock, shares outstanding |
CommonStockSharesOutstanding
|
25.87M | shares | Point-in-time |
| Relocatable Modular Buildings |
RelocatableModularBuildings
|
$592.39M | USD | Point-in-time |
| Relocatable Modular Buildings |
RelocatableModularBuildings
|
$607.62M | USD | Point-in-time |
| Electronic Test Equipment |
ElectronicTestEquipment
|
$263.55M | USD | Point-in-time |
| Electronic Test Equipment |
ElectronicTestEquipment
|
$267.77M | USD | Point-in-time |
| Liquid and Solid Containment Tanks and Boxes |
LiquidAndSolidContainmentTanksAndBoxes
|
$284.00M | USD | Point-in-time |
| Liquid and Solid Containment Tanks and Boxes |
LiquidAndSolidContainmentTanksAndBoxes
|
$288.64M | USD | Point-in-time |
| Rental Equipment, gross |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$1.14B | USD | Point-in-time |
| Rental Equipment, gross |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$1.09B | USD | Point-in-time |
| Rental Equipment, gross |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$1.16B | USD | Point-in-time |
| Less Accumulated Depreciation |
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
$383.93M | USD | Point-in-time |
| Less Accumulated Depreciation |
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
$377.16M | USD | Point-in-time |
| Rental Equipment, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$767.01M | USD | Point-in-time |
| Rental Equipment, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$775.88M | USD | Point-in-time |
| Rental Equipment, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$726.10M | USD | Point-in-time |
| Property, Plant and Equipment, net |
PropertyPlantAndEquipmentNet
|
$105.19M | USD | Point-in-time |
| Property, Plant and Equipment, net |
PropertyPlantAndEquipmentNet
|
$106.17M | USD | Point-in-time |
| Prepaid Expenses and Other Assets |
PrepaidExpenseAndOtherAssets
|
$17.13M | USD | Point-in-time |
| Prepaid Expenses and Other Assets |
PrepaidExpenseAndOtherAssets
|
$19.72M | USD | Point-in-time |
| Intangible Assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$10.46M | USD | Point-in-time |
| Intangible Assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$10.66M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$27.70M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$27.70M | USD | Point-in-time |
| Total Assets |
Assets
|
$1.02B | USD | Point-in-time |
| Total Assets |
Assets
|
$1.02B | USD | Point-in-time |
| Notes Payable |
NotesPayable
|
$288.08M | USD | Point-in-time |
| Notes Payable |
NotesPayable
|
$290.00M | USD | Point-in-time |
| Accounts Payable and Accrued Liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$63.32M | USD | Point-in-time |
| Accounts Payable and Accrued Liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$64.96M | USD | Point-in-time |
| Deferred Income |
DeferredRevenue
|
$24.00M | USD | Point-in-time |
| Deferred Income |
DeferredRevenue
|
$21.69M | USD | Point-in-time |
| Deferred Income Taxes, net |
DeferredTaxLiabilities
|
$245.32M | USD | Point-in-time |
| Deferred Income Taxes, net |
DeferredTaxLiabilities
|
$241.20M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$620.05M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$618.53M | USD | Point-in-time |
| Common Stock, no par value - Authorized - 40,000 shares Issued and Outstanding - 25,873 shares in 2014 and 25,757 shares in 2013 |
CommonStockValue
|
$102.05M | USD | Point-in-time |
| Common Stock, no par value - Authorized - 40,000 shares Issued and Outstanding - 25,873 shares in 2014 and 25,757 shares in 2013 |
CommonStockValue
|
$103.02M | USD | Point-in-time |
| Retained Earnings |
RetainedEarningsAccumulatedDeficit
|
$299.52M | USD | Point-in-time |
| Retained Earnings |
RetainedEarningsAccumulatedDeficit
|
$298.04M | USD | Point-in-time |
| Accumulated Other Comprehensive Loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-3.00K | USD | Point-in-time |
| Accumulated Other Comprehensive Loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-31.00K | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$401.56M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$401.03M | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$1.02B | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$1.02B | USD | Point-in-time |
Income Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental |
Rental
|
$62.43M | USD | 1 Quarter |
| Rental |
Rental
|
$60.60M | USD | 1 Quarter |
| Rental Related Services |
RentalRelatedServices
|
$10.85M | USD | 1 Quarter |
| Rental Related Services |
RentalRelatedServices
|
$13.51M | USD | 1 Quarter |
| Rental Operations |
OperatingLeasesIncomeStatementLeaseRevenue
|
$75.94M | USD | 1 Quarter |
| Rental Operations |
OperatingLeasesIncomeStatementLeaseRevenue
|
$71.45M | USD | 1 Quarter |
| Sales |
SalesRevenueNet
|
$16.77M | USD | 1 Quarter |
| Sales |
SalesRevenueNet
|
$11.04M | USD | 1 Quarter |
| Other |
OtherOperatingIncome
|
$502.00K | USD | 1 Quarter |
| Other |
OtherOperatingIncome
|
$492.00K | USD | 1 Quarter |
| Total Revenues |
Revenues
|
$87.47M | USD | 1 Quarter |
| Total Revenues |
Revenues
|
$88.71M | USD | 1 Quarter |
| Depreciation of Rental Equipment |
CostOfServicesDepreciationOfRentalEquipment
|
$16.60M | USD | 1 Quarter |
| Depreciation of Rental Equipment |
CostOfServicesDepreciationOfRentalEquipment
|
$17.90M | USD | 1 Quarter |
| Rental Related Services |
CostOfRentalRelatedServices
|
$10.31M | USD | 1 Quarter |
| Rental Related Services |
CostOfRentalRelatedServices
|
$8.92M | USD | 1 Quarter |
| Other |
OtherCostAndExpenseOperating
|
$13.55M | USD | 1 Quarter |
| Other |
OtherCostAndExpenseOperating
|
$12.36M | USD | 1 Quarter |
| Total Direct Costs of Rental Operations |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$41.75M | USD | 1 Quarter |
| Total Direct Costs of Rental Operations |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$37.88M | USD | 1 Quarter |
| Costs of Sales |
CostOfGoodsSold
|
$11.83M | USD | 1 Quarter |
| Costs of Sales |
CostOfGoodsSold
|
$7.17M | USD | 1 Quarter |
| Total Costs of Revenues |
CostOfRevenue
|
$49.72M | USD | 1 Quarter |
| Total Costs of Revenues |
CostOfRevenue
|
$48.92M | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$39.00M | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$38.55M | USD | 1 Quarter |
| Selling and Administrative Expenses |
SellingGeneralAndAdministrativeExpense
|
$23.41M | USD | 1 Quarter |
| Selling and Administrative Expenses |
SellingGeneralAndAdministrativeExpense
|
$21.64M | USD | 1 Quarter |
| Income from Operations |
OperatingIncomeLoss
|
$17.36M | USD | 1 Quarter |
| Income from Operations |
OperatingIncomeLoss
|
$15.14M | USD | 1 Quarter |
| Interest Expense |
InterestExpense
|
$2.20M | USD | 1 Quarter |
| Interest Expense |
InterestExpense
|
$2.20M | USD | 1 Quarter |
| Income Before Provision for Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$15.16M | USD | 1 Quarter |
| Income Before Provision for Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$12.94M | USD | 1 Quarter |
| Provision for Income Taxes |
IncomeTaxExpenseBenefit
|
$5.94M | USD | 1 Quarter |
| Provision for Income Taxes |
IncomeTaxExpenseBenefit
|
$5.07M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$9.21M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$7.87M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.37 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.31 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.30 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.36 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
25.79M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
25.00M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
26.23M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
25.43M | shares | 1 Quarter |
| Cash Dividends Declared Per Share |
CommonStockDividendsPerShareDeclared
|
$0.24 | USD | 1 Quarter |
| Cash Dividends Declared Per Share |
CommonStockDividendsPerShareDeclared
|
$0.24 | USD | 1 Quarter |
Cash Flow Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
NetIncomeLoss
|
$9.21M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$7.87M | USD | 1 Quarter |
| Depreciation and Amortization |
DepreciationDepletionAndAmortization
|
$19.93M | USD | 1 Quarter |
| Depreciation and Amortization |
DepreciationDepletionAndAmortization
|
$18.81M | USD | 1 Quarter |
| Provision for Doubtful Accounts |
ProvisionForDoubtfulAccounts
|
$696.00K | USD | 1 Quarter |
| Provision for Doubtful Accounts |
ProvisionForDoubtfulAccounts
|
$456.00K | USD | 1 Quarter |
| Non-Cash Share-Based Compensation |
ShareBasedCompensation
|
$1.13M | USD | 1 Quarter |
| Non-Cash Share-Based Compensation |
ShareBasedCompensation
|
$955.00K | USD | 1 Quarter |
| Gain on Sale of Used Rental Equipment |
GainLossOnSaleOfProperties
|
$2.50M | USD | 1 Quarter |
| Gain on Sale of Used Rental Equipment |
GainLossOnSaleOfProperties
|
$3.33M | USD | 1 Quarter |
| Accounts Receivable |
IncreaseDecreaseInAccountsReceivable
|
$-4.12M | USD | 1 Quarter |
| Accounts Receivable |
IncreaseDecreaseInAccountsReceivable
|
$-4.53M | USD | 1 Quarter |
| Prepaid Expenses and Other Assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-5.53M | USD | 1 Quarter |
| Prepaid Expenses and Other Assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-2.59M | USD | 1 Quarter |
| Accounts Payable and Accrued Liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$7.87M | USD | 1 Quarter |
| Accounts Payable and Accrued Liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$2.83M | USD | 1 Quarter |
| Deferred Income |
IncreaseDecreaseInDeferredRevenue
|
$-6.28M | USD | 1 Quarter |
| Deferred Income |
IncreaseDecreaseInDeferredRevenue
|
$-2.31M | USD | 1 Quarter |
| Deferred Income Taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-3.46M | USD | 1 Quarter |
| Deferred Income Taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-4.12M | USD | 1 Quarter |
| Net Cash Provided by Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$41.62M | USD | 1 Quarter |
| Net Cash Provided by Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$38.05M | USD | 1 Quarter |
| Purchase of Rental Equipment |
PaymentsToAcquireMachineryAndEquipment
|
$31.76M | USD | 1 Quarter |
| Purchase of Rental Equipment |
PaymentsToAcquireMachineryAndEquipment
|
$25.15M | USD | 1 Quarter |
| Purchase of Property, Plant and Equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.81M | USD | 1 Quarter |
| Purchase of Property, Plant and Equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.55M | USD | 1 Quarter |
| Proceeds from Sale of Used Rental Equipment |
ProceedsFromSaleOfMachineryAndEquipment
|
$6.43M | USD | 1 Quarter |
| Proceeds from Sale of Used Rental Equipment |
ProceedsFromSaleOfMachineryAndEquipment
|
$6.80M | USD | 1 Quarter |
| Net Cash Used in Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-28.14M | USD | 1 Quarter |
| Net Cash Used in Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-19.90M | USD | 1 Quarter |
| Net Repayments Under Bank Lines of Credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-41.92M | USD | 1 Quarter |
| Net Repayments Under Bank Lines of Credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-20.75M | USD | 1 Quarter |
| Borrowing Under Private Placement |
ProceedsFromIssuanceOfLongTermDebt
|
$40.00M | USD | 1 Quarter |
| Proceeds from the Exercise of Stock Options |
ProceedsFromStockOptionsExercised
|
$76.00K | USD | 1 Quarter |
| Proceeds from the Exercise of Stock Options |
ProceedsFromStockOptionsExercised
|
$3.96M | USD | 1 Quarter |
| Excess Tax Benefit from Exercise and Disqualifying Disposition of Stock Options |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$715.00K | USD | 1 Quarter |
| Excess Tax Benefit from Exercise and Disqualifying Disposition of Stock Options |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$508.00K | USD | 1 Quarter |
| Payment of Dividends |
PaymentsOfDividends
|
$6.49M | USD | 1 Quarter |
| Payment of Dividends |
PaymentsOfDividends
|
$6.06M | USD | 1 Quarter |
| Taxes Paid Related to Net Share Settlement of Stock Awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$742.00K | USD | 1 Quarter |
| Taxes Paid Related to Net Share Settlement of Stock Awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$2.51M | USD | 1 Quarter |
| Net Cash Used in Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$-22.87M | USD | 1 Quarter |
| Net Cash Used in Financing Activities |
NetCashProvidedByUsedInFinancingActivities
|
$-10.34M | USD | 1 Quarter |
| Effect of Exchange Rate Changes on Cash |
EffectOfExchangeRateOnCash
|
$9.00K | USD | 1 Quarter |
| Net Decrease in Cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.15M | USD | 1 Quarter |
| Net Decrease in Cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-419.00K | USD | 1 Quarter |
| Cash Balance, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.63M | USD | Point-in-time |
| Cash Balance, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.21M | USD | Point-in-time |
| Cash Balance, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$461.00K | USD | Point-in-time |
| Cash Balance, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.61M | USD | Point-in-time |
| Cash Balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.63M | USD | Point-in-time |
| Cash Balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.21M | USD | Point-in-time |
| Cash Balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$461.00K | USD | Point-in-time |
| Cash Balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.61M | USD | Point-in-time |
| Interest Paid, during the period |
InterestPaid
|
$1.28M | USD | 1 Quarter |
| Interest Paid, during the period |
InterestPaid
|
$1.16M | USD | 1 Quarter |
| Net Income Taxes Paid, during the period |
IncomeTaxesPaidNet
|
$1.52M | USD | 1 Quarter |
| Net Income Taxes Paid, during the period |
IncomeTaxesPaidNet
|
$339.00K | USD | 1 Quarter |
| Dividends Accrued During the Period, not yet paid |
DividendsCommonStockCash
|
$6.39M | USD | 1 Quarter |
| Dividends Accrued During the Period, not yet paid |
DividendsCommonStockCash
|
$6.13M | USD | 1 Quarter |
| Rental Equipment Acquisitions, not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$7.46M | USD | 1 Quarter |
| Rental Equipment Acquisitions, not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$6.66M | USD | 1 Quarter |
Comprehensive Income
6 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
NetIncomeLoss
|
$9.21M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$7.87M | USD | 1 Quarter |
| Foreign Currency Translation Adjustment, Tax Provision |
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
$6.00K | USD | 1 Quarter |
| Foreign Currency Translation Adjustment, net of Tax Provision of $6 in 2014 |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$28.00K | USD | 1 Quarter |
| Comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$9.21M | USD | 1 Quarter |
| Comprehensive Income |
ComprehensiveIncomeNetOfTax
|
$7.90M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.