10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-16-017439 |
| Period End Date | 20160331 |
| Filing Date | 20160503 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | mgrc-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivable
|
$2.31M | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivable
|
$2.09M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.10M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.06M | USD | Point-in-time |
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$777.00K | USD | Point-in-time |
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.17M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
40.00M | shares | Point-in-time |
| Accounts receivable, net of allowance for doubtful accounts of $2,305 in 2016 and $2,087 in 2015 |
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 $2,305 in 2016 and $2,087 in 2015 |
AccountsReceivableNet
|
$95.26M | USD | Point-in-time |
| Accounts receivable, net of allowance for doubtful accounts of $2,305 in 2016 and $2,087 in 2015 |
AccountsReceivableNet
|
$91.88M | USD | Point-in-time |
| Income taxes receivable |
IncomeTaxReceivable
|
$11.00M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
23.88M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
23.85M | shares | Point-in-time |
| Common Stock, shares outstanding |
CommonStockSharesOutstanding
|
23.88M | shares | Point-in-time |
| Common Stock, shares outstanding |
CommonStockSharesOutstanding
|
23.85M | shares | Point-in-time |
| Relocatable modular buildings |
RelocatableModularBuildings
|
$736.88M | USD | Point-in-time |
| Relocatable modular buildings |
RelocatableModularBuildings
|
$747.48M | USD | Point-in-time |
| Electronic test equipment |
ElectronicTestEquipment
|
$260.32M | USD | Point-in-time |
| Electronic test equipment |
ElectronicTestEquipment
|
$262.94M | USD | Point-in-time |
| Liquid and solid containment tanks and boxes |
LiquidAndSolidContainmentTanksAndBoxes
|
$309.82M | USD | Point-in-time |
| Liquid and solid containment tanks and boxes |
LiquidAndSolidContainmentTanksAndBoxes
|
$310.26M | USD | Point-in-time |
| Rental equipment, gross |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$1.31B | USD | Point-in-time |
| Rental equipment, gross |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$1.32B | USD | Point-in-time |
| Rental equipment, gross |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$1.25B | USD | Point-in-time |
| Less accumulated depreciation |
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
$450.41M | USD | Point-in-time |
| Less accumulated depreciation |
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
$440.48M | USD | Point-in-time |
| Rental equipment, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$869.60M | USD | Point-in-time |
| Rental equipment, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$839.08M | USD | Point-in-time |
| Rental equipment, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$867.22M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$108.53M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$109.75M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$26.61M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$28.56M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$9.25M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$9.46M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$27.81M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$27.81M | USD | Point-in-time |
| Total assets |
Assets
|
$1.15B | USD | Point-in-time |
| Total assets |
Assets
|
$1.13B | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$381.28M | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$365.77M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$64.05M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$71.94M | USD | Point-in-time |
| Deferred income |
DeferredRevenue
|
$36.29M | USD | Point-in-time |
| Deferred income |
DeferredRevenue
|
$36.82M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilities
|
$285.20M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilities
|
$283.35M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$751.84M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$772.86M | USD | Point-in-time |
| Common stock, no par value - Authorized 40,000 shares Issued and outstanding - 23,880 shares as of March 31, 2016 and 23,851 shares as of December 31, 2015 |
CommonStockValue
|
$101.05M | USD | Point-in-time |
| Common stock, no par value - Authorized 40,000 shares Issued and outstanding - 23,880 shares as of March 31, 2016 and 23,851 shares as of December 31, 2015 |
CommonStockValue
|
$101.48M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$279.15M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$278.71M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-67.00K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-125.00K | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquity
|
$379.69M | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquity
|
$380.51M | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$1.15B | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$1.13B | USD | Point-in-time |
Income Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$66.53M | USD | 1 Quarter |
| Rental |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$65.50M | USD | 1 Quarter |
| Rental related services |
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue
|
$15.37M | USD | 1 Quarter |
| Rental related services |
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue
|
$17.59M | USD | 1 Quarter |
| Rental operations |
OperatingLeasesIncomeStatementLeaseRevenue
|
$84.12M | USD | 1 Quarter |
| Rental operations |
OperatingLeasesIncomeStatementLeaseRevenue
|
$80.87M | USD | 1 Quarter |
| Sales |
SalesRevenueNet
|
$9.03M | USD | 1 Quarter |
| Sales |
SalesRevenueNet
|
$8.79M | USD | 1 Quarter |
| Other |
OtherSalesRevenueNet
|
$542.00K | USD | 1 Quarter |
| Other |
OtherSalesRevenueNet
|
$532.00K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$90.19M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$93.70M | USD | 1 Quarter |
| Depreciation of rental equipment |
CostOfServicesDepreciation
|
$18.68M | USD | 1 Quarter |
| Depreciation of rental equipment |
CostOfServicesDepreciation
|
$18.54M | USD | 1 Quarter |
| Rental related services |
CostOfRentalRelatedServices
|
$11.90M | USD | 1 Quarter |
| Rental related services |
CostOfRentalRelatedServices
|
$13.18M | USD | 1 Quarter |
| Other |
OtherCostOfOperatingRevenue
|
$15.21M | USD | 1 Quarter |
| Other |
OtherCostOfOperatingRevenue
|
$15.83M | USD | 1 Quarter |
| Total direct costs of rental operations |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$47.55M | USD | 1 Quarter |
| Total direct costs of rental operations |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$45.79M | USD | 1 Quarter |
| Costs of sales |
CostOfGoodsSold
|
$5.31M | USD | 1 Quarter |
| Costs of sales |
CostOfGoodsSold
|
$5.50M | USD | 1 Quarter |
| Total costs of revenues |
CostOfRevenue
|
$51.10M | USD | 1 Quarter |
| Total costs of revenues |
CostOfRevenue
|
$53.04M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$40.66M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$39.09M | USD | 1 Quarter |
| Selling and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$26.40M | USD | 1 Quarter |
| Selling and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$25.21M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$14.26M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$13.88M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$2.39M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$3.56M | USD | 1 Quarter |
| Foreign currency exchange gain (loss) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$151.00K | USD | 1 Quarter |
| Foreign currency exchange gain (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
|
$10.85M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$4.29M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$4.47M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$6.85M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$6.57M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.28 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.26 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.27 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.26 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
23.86M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
26.09M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
23.91M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
26.28M | shares | 1 Quarter |
| Cash dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.25 | USD | 1 Quarter |
| Cash dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.26 | USD | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$6.85M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$6.57M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$20.91M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$20.86M | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$498.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$333.00K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$856.00K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$931.00K | USD | 1 Quarter |
| Gain on sale of used rental equipment |
GainLossOnSaleOfProperties
|
$2.87M | USD | 1 Quarter |
| Gain on sale of used rental equipment |
GainLossOnSaleOfProperties
|
$2.97M | USD | 1 Quarter |
| Foreign currency exchange loss (gain) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$151.00K | USD | 1 Quarter |
| Foreign currency exchange loss (gain) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-168.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-11.60M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-2.88M | USD | 1 Quarter |
| Income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$-11.00M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-6.12M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-1.95M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-4.25M | 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
|
$536.00K | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$3.22M | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-1.85M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$39.63M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$34.62M | USD | 1 Quarter |
| Purchase of rental equipment |
PaymentsToAcquireMachineryAndEquipment
|
$22.81M | USD | 1 Quarter |
| Purchase of rental equipment |
PaymentsToAcquireMachineryAndEquipment
|
$29.97M | USD | 1 Quarter |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$881.00K | USD | 1 Quarter |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.00M | USD | 1 Quarter |
| Proceeds from sale of used rental equipment |
ProceedsFromSaleOfMachineryAndEquipment
|
$6.10M | 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
|
$-17.60M | USD | 1 Quarter |
| Net repayments under bank lines of credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-1.55M | USD | 1 Quarter |
| Net repayments under bank lines of credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-15.52M | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfDebtIssuanceCostFinancingActivities
|
$13.00K | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfDebtIssuanceCostFinancingActivities
|
$13.00K | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$958.00K | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$37.00K | USD | 1 Quarter |
| Excess tax benefit (shortfall) from exercise of stock awards |
ExcessTaxBenefitShortfallFromShareBasedCompensationFinancingActivities
|
$19.00K | USD | 1 Quarter |
| Excess tax benefit (shortfall) from exercise of stock awards |
ExcessTaxBenefitShortfallFromShareBasedCompensationFinancingActivities
|
$-111.00K | USD | 1 Quarter |
| Taxes paid related to net share settlement of stock awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$344.00K | 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 |
PaymentsOfDividendsCommonStock
|
$6.14M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividendsCommonStock
|
$6.64M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-22.06M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-8.16M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$21.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$-13.00K | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-390.00K | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-41.00K | USD | 1 Quarter |
| Cash balance, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.10M | USD | Point-in-time |
| Cash balance, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.06M | 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, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.10M | USD | Point-in-time |
| Cash balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.06M | 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 |
| Interest paid, during the period |
InterestPaid
|
$2.01M | USD | 1 Quarter |
| Interest paid, during the period |
InterestPaid
|
$2.99M | USD | 1 Quarter |
| Net income taxes paid, during the period |
IncomeTaxesPaidNet
|
$673.00K | USD | 1 Quarter |
| Net income taxes paid, during the period |
IncomeTaxesPaidNet
|
$316.00K | USD | 1 Quarter |
| Dividends accrued during the period, not yet paid |
DividendsPayableCurrentAndNoncurrent
|
$6.12M | 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
|
$10.22M | USD | 1 Quarter |
| Rental equipment acquisitions, not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$3.75M | 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
|
$6.57M | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$88.00K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-92.00K | USD | 1 Quarter |
| Tax benefit (provision) |
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
$16.00K | USD | 1 Quarter |
| Tax benefit (provision) |
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
$-34.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$6.51M | 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.