10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-15-161750 |
| Period End Date | 20150331 |
| Filing Date | 20150430 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | mgrc-20150331.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
|
$2.04M | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivable
|
$2.04M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.21M | USD | Point-in-time |
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$777.00K | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.17M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.63M | USD | Point-in-time |
| Accounts receivable, net of allowance for doubtful accounts of $2,042 in 2015 and $2,038 in 2014 |
AccountsReceivableNet
|
$89.36M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
40.00M | shares | Point-in-time |
| Accounts receivable, net of allowance for doubtful accounts of $2,042 in 2015 and $2,038 in 2014 |
AccountsReceivableNet
|
$83.07M | USD | Point-in-time |
| Accounts receivable, net of allowance for doubtful accounts of $2,042 in 2015 and $2,038 in 2014 |
AccountsReceivableNet
|
$101.29M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
40.00M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
26.13M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
26.05M | shares | Point-in-time |
| Relocatable modular buildings |
RelocatableModularBuildings
|
$664.34M | USD | Point-in-time |
| Common Stock, shares outstanding |
CommonStockSharesOutstanding
|
26.13M | shares | Point-in-time |
| Common Stock, shares outstanding |
CommonStockSharesOutstanding
|
26.05M | shares | Point-in-time |
| Relocatable modular buildings |
RelocatableModularBuildings
|
$678.99M | USD | Point-in-time |
| Electronic test equipment |
ElectronicTestEquipment
|
$262.00M | USD | Point-in-time |
| Electronic test equipment |
ElectronicTestEquipment
|
$269.57M | USD | Point-in-time |
| Liquid and solid containment tanks and boxes |
LiquidAndSolidContainmentTanksAndBoxes
|
$305.75M | USD | Point-in-time |
| Liquid and solid containment tanks and boxes |
LiquidAndSolidContainmentTanksAndBoxes
|
$303.30M | USD | Point-in-time |
| Rental equipment, gross |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$1.23B | USD | Point-in-time |
| Rental equipment, gross |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$1.16B | USD | Point-in-time |
| Rental equipment, gross |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$1.25B | USD | Point-in-time |
| Less accumulated depreciation |
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
$415.24M | USD | Point-in-time |
| Less accumulated depreciation |
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
$403.89M | USD | Point-in-time |
| Rental equipment, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$825.75M | USD | Point-in-time |
| Rental equipment, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$775.88M | USD | Point-in-time |
| Rental equipment, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$839.08M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$109.63M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$108.63M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$41.42M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$35.29M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$10.12M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$10.34M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$27.81M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$27.81M | USD | Point-in-time |
| Total assets |
Assets
|
$1.12B | USD | Point-in-time |
| Total assets |
Assets
|
$1.11B | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$320.92M | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$322.48M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$70.24M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$71.36M | USD | Point-in-time |
| Deferred income |
DeferredRevenue
|
$29.36M | USD | Point-in-time |
| Deferred income |
DeferredRevenue
|
$29.14M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilities
|
$265.68M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilities
|
$268.90M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$686.21M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$691.88M | USD | Point-in-time |
| Common stock, no par value - Authorized - 40,000 shares Issued and Outstanding - 26,130 shares as of March 31, 2015 and 26,051 shares as of December 31, 2014 |
CommonStockValue
|
$107.75M | USD | Point-in-time |
| Common stock, no par value - Authorized - 40,000 shares Issued and Outstanding - 26,130 shares as of March 31, 2015 and 26,051 shares as of December 31, 2014 |
CommonStockValue
|
$106.47M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$318.16M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$318.13M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-102.00K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-30.00K | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$424.53M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$425.85M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$1.12B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$1.11B | USD | Point-in-time |
Income Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental |
Rental
|
$62.43M | USD | 1 Quarter |
| Rental |
Rental
|
$65.50M | USD | 1 Quarter |
| Rental related services |
RentalRelatedServices
|
$13.51M | USD | 1 Quarter |
| Rental related services |
RentalRelatedServices
|
$15.37M | USD | 1 Quarter |
| Rental operations |
OperatingLeasesIncomeStatementLeaseRevenue
|
$75.94M | USD | 1 Quarter |
| Rental operations |
OperatingLeasesIncomeStatementLeaseRevenue
|
$80.87M | USD | 1 Quarter |
| Sales |
SalesRevenueNet
|
$8.79M | USD | 1 Quarter |
| Sales |
SalesRevenueNet
|
$11.04M | USD | 1 Quarter |
| Other |
OtherSalesRevenueNet
|
$532.00K | USD | 1 Quarter |
| Other |
OtherSalesRevenueNet
|
$580.00K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$90.19M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$87.56M | USD | 1 Quarter |
| Depreciation of rental equipment |
CostOfServicesDepreciationOfRentalEquipment
|
$18.68M | 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
|
$11.90M | USD | 1 Quarter |
| Other |
OtherCostOfOperatingRevenue
|
$13.55M | USD | 1 Quarter |
| Other |
OtherCostOfOperatingRevenue
|
$15.21M | USD | 1 Quarter |
| Total direct costs of rental operations |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$41.75M | USD | 1 Quarter |
| Total direct costs of rental operations |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$45.79M | USD | 1 Quarter |
| Costs of sales |
CostOfLeasedAndRentedPropertyOrEquipmentSold
|
$5.31M | USD | 1 Quarter |
| Costs of sales |
CostOfLeasedAndRentedPropertyOrEquipmentSold
|
$7.17M | USD | 1 Quarter |
| Total costs of revenues |
CostOfRevenue
|
$51.10M | USD | 1 Quarter |
| Total costs of revenues |
CostOfRevenue
|
$48.92M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$38.64M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$39.09M | USD | 1 Quarter |
| Selling and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$23.41M | USD | 1 Quarter |
| Selling and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$25.21M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$15.23M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$13.88M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$2.20M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$2.39M | USD | 1 Quarter |
| Foreign currency exchange loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-88.00K | USD | 1 Quarter |
| Foreign currency exchange loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-168.00K | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$11.32M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$12.94M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$5.07M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$4.47M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$6.85M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.87M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.31 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.26 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.26 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.30 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
25.79M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
26.09M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
26.28M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
26.23M | shares | 1 Quarter |
| Cash dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.25 | USD | 1 Quarter |
| Cash dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.24 | USD | 1 Quarter |
Cash Flow Statement
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$6.85M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.87M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$19.93M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$20.91M | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$456.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$333.00K | USD | 1 Quarter |
| Non-cash share-based compensation |
ShareBasedCompensation
|
$955.00K | USD | 1 Quarter |
| Non-cash share-based compensation |
ShareBasedCompensation
|
$931.00K | USD | 1 Quarter |
| Gain on sale of used rental equipment |
GainLossOnSaleOfProperties
|
$2.50M | USD | 1 Quarter |
| Gain on sale of used rental equipment |
GainLossOnSaleOfProperties
|
$2.87M | USD | 1 Quarter |
| Foreign currency exchange loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-88.00K | USD | 1 Quarter |
| Foreign currency exchange loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-168.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-4.12M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-11.60M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-2.59M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-6.14M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$2.74M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-6.42M | USD | 1 Quarter |
| Deferred income |
IncreaseDecreaseInDeferredRevenue
|
$220.00K | USD | 1 Quarter |
| Deferred income |
IncreaseDecreaseInDeferredRevenue
|
$-2.31M | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-4.12M | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$3.22M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$38.05M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$34.63M | USD | 1 Quarter |
| Purchase of rental equipment |
PaymentsToAcquireMachineryAndEquipment
|
$29.97M | USD | 1 Quarter |
| Purchase of rental equipment |
PaymentsToAcquireMachineryAndEquipment
|
$31.76M | USD | 1 Quarter |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.81M | USD | 1 Quarter |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.00M | USD | 1 Quarter |
| Proceeds from sale of used rental equipment |
ProceedsFromSaleOfMachineryAndEquipment
|
$6.43M | USD | 1 Quarter |
| Proceeds from sale of used rental equipment |
ProceedsFromSaleOfMachineryAndEquipment
|
$6.11M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-26.87M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-28.14M | USD | 1 Quarter |
| Net repayments under bank lines of credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-1.55M | USD | 1 Quarter |
| Net repayments under bank lines of credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-41.92M | USD | 1 Quarter |
| Borrowing under Series B senior notes |
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
|
$958.00K | USD | 1 Quarter |
| Excess tax benefit from exercise and disqualifying disposition of stock options |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$508.00K | USD | 1 Quarter |
| Excess tax benefit from exercise and disqualifying disposition of stock options |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$19.00K | USD | 1 Quarter |
| Taxes paid related to net share settlement of stock awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$2.51M | USD | 1 Quarter |
| Taxes paid related to net share settlement of stock awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$582.00K | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$377.00K | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$6.49M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$6.64M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-10.34M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-8.18M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$21.00K | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$9.00K | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-390.00K | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-419.00K | USD | 1 Quarter |
| Cash balance, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.21M | USD | Point-in-time |
| Cash balance, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$777.00K | USD | Point-in-time |
| Cash balance, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.17M | USD | Point-in-time |
| Cash balance, beginning 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
|
$777.00K | USD | Point-in-time |
| Cash balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.17M | USD | Point-in-time |
| Cash balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.63M | USD | Point-in-time |
| Interest paid, during the period |
InterestPaid
|
$1.16M | USD | 1 Quarter |
| Interest paid, during the period |
InterestPaid
|
$2.01M | USD | 1 Quarter |
| Net income taxes paid, during the period |
IncomeTaxesPaidNet
|
$316.00K | USD | 1 Quarter |
| Net income taxes paid, during the period |
IncomeTaxesPaidNet
|
$339.00K | USD | 1 Quarter |
| Dividends accrued during the period, not yet paid |
DividendsPayableCurrentAndNoncurrent
|
$6.39M | USD | Point-in-time |
| Dividends accrued during the period, not yet paid |
DividendsPayableCurrentAndNoncurrent
|
$6.55M | USD | Point-in-time |
| Rental equipment acquisitions, not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$7.46M | USD | 1 Quarter |
| Rental equipment acquisitions, not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$10.22M | USD | 1 Quarter |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$6.85M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.87M | USD | 1 Quarter |
| Foreign currency translation adjustment, tax benefits |
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
$6.00K | USD | 1 Quarter |
| Foreign currency translation adjustment, tax benefits |
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
$16.00K | USD | 1 Quarter |
| Foreign currency translation adjustment, net of tax provision of $16 in 2015 and $6 in 2014 |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$72.00K | USD | 1 Quarter |
| Foreign currency translation adjustment, net of tax provision of $16 in 2015 and $6 in 2014 |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$28.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$7.90M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$6.92M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.