10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-18-010014 |
| Period End Date | 20180331 |
| Filing Date | 20180501 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | mgrc-20180331.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
|
$1.92M | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivable
|
$1.88M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$2.50M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.68M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$4.45M | USD | Point-in-time |
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$852.00K | USD | Point-in-time |
| Common stock, par value |
CommonStockNoParValue
|
- | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
40.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
40.00M | shares | Point-in-time |
| Accounts receivable, net of allowance for doubtful accounts of $1,883 in 2018 and $1,920 in 2017 |
AccountsReceivableNet
|
$92.55M | USD | Point-in-time |
| Accounts receivable, net of allowance for doubtful accounts of $1,883 in 2018 and $1,920 in 2017 |
AccountsReceivableNet
|
$105.87M | USD | Point-in-time |
| Accounts receivable, net of allowance for doubtful accounts of $1,883 in 2018 and $1,920 in 2017 |
AccountsReceivableNet
|
$98.09M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
24.05M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
24.10M | shares | Point-in-time |
| Relocatable modular buildings |
RelocatableModularBuildings
|
$779.84M | USD | Point-in-time |
| Relocatable modular buildings |
RelocatableModularBuildings
|
$775.40M | USD | Point-in-time |
| Common Stock, shares outstanding |
CommonStockSharesOutstanding
|
24.05M | shares | Point-in-time |
| Common Stock, shares outstanding |
CommonStockSharesOutstanding
|
24.10M | shares | Point-in-time |
| Electronic test equipment |
ElectronicTestEquipment
|
$269.04M | USD | Point-in-time |
| Electronic test equipment |
ElectronicTestEquipment
|
$262.32M | USD | Point-in-time |
| Liquid and solid containment tanks and boxes |
LiquidAndSolidContainmentTanksAndBoxes
|
$310.48M | USD | Point-in-time |
| Liquid and solid containment tanks and boxes |
LiquidAndSolidContainmentTanksAndBoxes
|
$309.81M | USD | Point-in-time |
| Rental equipment, gross |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$1.36B | USD | Point-in-time |
| Rental equipment, gross |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$1.33B | USD | Point-in-time |
| Rental equipment, gross |
PropertySubjectToOrAvailableForOperatingLeaseGross
|
$1.35B | USD | Point-in-time |
| Less accumulated depreciation |
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
$485.21M | USD | Point-in-time |
| Less accumulated depreciation |
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
$494.02M | USD | Point-in-time |
| Rental equipment, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$862.32M | USD | Point-in-time |
| Rental equipment, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$865.34M | USD | Point-in-time |
| Rental equipment, net |
PropertySubjectToOrAvailableForOperatingLeaseNet
|
$856.98M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$119.90M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$119.17M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$22.46M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$25.76M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$7.72M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$7.51M | 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
|
$1.15B | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$300.60M | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$303.41M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$86.41M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$84.67M | USD | Point-in-time |
| Deferred income |
DeferredRevenue
|
$38.50M | USD | Point-in-time |
| Deferred income |
DeferredRevenue
|
$39.22M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilities
|
$194.63M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilities
|
$194.81M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$618.57M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$623.67M | USD | Point-in-time |
| Common stock, no par value - Authorized 40,000 shares Issued and outstanding - 24,102 shares as of March 31, 2018 and 24,052 shares as of December 31, 2017 |
CommonStockValue
|
$102.84M | USD | Point-in-time |
| Common stock, no par value - Authorized 40,000 shares Issued and outstanding - 24,102 shares as of March 31, 2018 and 24,052 shares as of December 31, 2017 |
CommonStockValue
|
$102.95M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$427.63M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$421.40M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-190.00K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-168.00K | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquity
|
$524.18M | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquity
|
$530.28M | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$1.15B | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$1.15B | USD | Point-in-time |
Income Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$67.98M | USD | 1 Quarter |
| Rental |
OperatingLeasesIncomeStatementMinimumLeaseRevenue
|
$74.26M | USD | 1 Quarter |
| Rental related services |
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue
|
$17.93M | USD | 1 Quarter |
| Rental related services |
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue
|
$17.83M | USD | 1 Quarter |
| Rental operations |
OperatingLeasesIncomeStatementLeaseRevenue
|
$92.09M | USD | 1 Quarter |
| Rental operations |
OperatingLeasesIncomeStatementLeaseRevenue
|
$85.91M | USD | 1 Quarter |
| Sales |
SalesRevenueNet
|
$12.09M | USD | 1 Quarter |
| Sales |
SalesRevenueNet
|
$8.29M | USD | 1 Quarter |
| Other |
OtherSalesRevenueNet
|
$902.00K | USD | 1 Quarter |
| Other |
OtherSalesRevenueNet
|
$629.00K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$94.84M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$105.08M | USD | 1 Quarter |
| Depreciation of rental equipment |
CostOfServicesDepreciation
|
$17.78M | USD | 1 Quarter |
| Depreciation of rental equipment |
CostOfServicesDepreciation
|
$17.38M | USD | 1 Quarter |
| Rental related services |
CostOfRentalRelatedServices
|
$13.77M | USD | 1 Quarter |
| Rental related services |
CostOfRentalRelatedServices
|
$13.83M | USD | 1 Quarter |
| Other |
OtherCostOfOperatingRevenue
|
$16.27M | USD | 1 Quarter |
| Other |
OtherCostOfOperatingRevenue
|
$15.36M | USD | 1 Quarter |
| Total direct costs of rental operations |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$46.57M | USD | 1 Quarter |
| Total direct costs of rental operations |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$47.81M | USD | 1 Quarter |
| Costs of sales |
CostOfGoodsSold
|
$4.60M | USD | 1 Quarter |
| Costs of sales |
CostOfGoodsSold
|
$7.10M | USD | 1 Quarter |
| Total costs of revenues |
CostOfRevenue
|
$51.17M | USD | 1 Quarter |
| Total costs of revenues |
CostOfRevenue
|
$54.91M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$43.67M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$50.17M | USD | 1 Quarter |
| Selling and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$27.85M | USD | 1 Quarter |
| Selling and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$28.13M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$22.04M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$15.82M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$2.99M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$2.79M | USD | 1 Quarter |
| Foreign currency exchange gain (loss) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$226.00K | USD | 1 Quarter |
| Foreign currency exchange gain (loss) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-32.00K | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$13.26M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$19.02M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$4.55M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$5.29M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.97M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$14.47M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.60 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.33 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.59 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.33 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
24.07M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
23.95M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
24.23M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
24.48M | shares | 1 Quarter |
| Cash dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.26 | USD | 1 Quarter |
| Cash dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.34 | USD | 1 Quarter |
Cash Flow Statement
63 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$7.97M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$14.47M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$19.41M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$19.93M | USD | 1 Quarter |
| Impairment of rental assets |
ImpairmentOfLongLivedAssetsHeldForUse
|
$39.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$35.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$289.00K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$806.00K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$864.00K | USD | 1 Quarter |
| Gain on sale of used rental equipment |
GainLossOnSaleOfProperties
|
$2.94M | USD | 1 Quarter |
| Gain on sale of used rental equipment |
GainLossOnSaleOfProperties
|
$3.85M | USD | 1 Quarter |
| Foreign currency exchanges (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$226.00K | USD | 1 Quarter |
| Foreign currency exchanges (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-32.00K | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$13.00K | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$13.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-4.04M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-7.75M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$1.54M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$3.30M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-4.28M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-3.92M | USD | 1 Quarter |
| Deferred income |
IncreaseDecreaseInDeferredRevenue
|
$-717.00K | USD | 1 Quarter |
| Deferred income |
IncreaseDecreaseInDeferredRevenue
|
$2.39M | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-182.00K | USD | 1 Quarter |
| Deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$451.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$25.83M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$31.15M | USD | 1 Quarter |
| Purchases of rental equipment |
PaymentsToAcquireEquipmentOnLease
|
$15.91M | USD | 1 Quarter |
| Purchases of rental equipment |
PaymentsToAcquireEquipmentOnLease
|
$24.17M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.67M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$5.83M | USD | 1 Quarter |
| Proceeds from sales of used rental equipment |
ProceedsFromSaleOfMachineryAndEquipment
|
$5.50M | USD | 1 Quarter |
| Proceeds from sales of used rental equipment |
ProceedsFromSaleOfMachineryAndEquipment
|
$7.71M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-16.24M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-19.13M | USD | 1 Quarter |
| Net repayments under bank lines of credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-2.83M | USD | 1 Quarter |
| Net repayments under bank lines of credit |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-2.44M | USD | 1 Quarter |
| Taxes paid related to net share settlement of stock awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$971.00K | USD | 1 Quarter |
| Taxes paid related to net share settlement of stock awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$143.00K | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividendsCommonStock
|
$6.16M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividendsCommonStock
|
$6.30M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-8.73M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-10.10M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$-24.00K | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
$25.00K | USD | 1 Quarter |
| Net increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$828.00K | USD | 1 Quarter |
| Net increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$1.95M | USD | 1 Quarter |
| Cash balance, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.50M | USD | Point-in-time |
| Cash balance, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.68M | USD | Point-in-time |
| Cash balance, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.45M | USD | Point-in-time |
| Cash balance, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$852.00K | USD | Point-in-time |
| Cash balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.50M | USD | Point-in-time |
| Cash balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.68M | USD | Point-in-time |
| Cash balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.45M | USD | Point-in-time |
| Cash balance, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$852.00K | USD | Point-in-time |
| Interest paid, during the period |
InterestPaid
|
$2.54M | USD | 1 Quarter |
| Interest paid, during the period |
InterestPaid
|
$2.30M | USD | 1 Quarter |
| Net income taxes paid, during the period |
IncomeTaxesPaidNet
|
$1.57M | USD | 1 Quarter |
| Net income taxes paid, during the period |
IncomeTaxesPaidNet
|
$5.57M | USD | 1 Quarter |
| Dividends accrued during the period, not yet paid |
DividendsPayableCurrentAndNoncurrent
|
$6.19M | USD | Point-in-time |
| Dividends accrued during the period, not yet paid |
DividendsPayableCurrentAndNoncurrent
|
$8.24M | USD | Point-in-time |
| Rental equipment acquisitions, not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$7.51M | USD | 1 Quarter |
| Rental equipment acquisitions, not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$6.93M | USD | 1 Quarter |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$7.97M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$14.47M | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-78.00K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-26.00K | USD | 1 Quarter |
| Tax benefit |
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
$-4.00K | USD | 1 Quarter |
| Tax benefit |
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
$-25.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$7.92M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$14.44M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.