$HEES
H&E Equipment Services, Inc.

2023 Q3 Form 10-Q Financial Statement

#000095017023035120 Filed on July 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $400.7M $360.2M
YoY Change 23.56% 22.25%
Cost Of Revenue $212.3M $191.9M
YoY Change 23.15% 18.19%
Gross Profit $188.4M $168.4M
YoY Change 24.03% 27.22%
Gross Profit Margin 47.01% 46.74%
Selling, General & Admin $104.2M $99.26M
YoY Change 18.6% 20.08%
% of Gross Profit 55.32% 58.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $101.0M $95.93M
YoY Change 36.5% 36.4%
% of Gross Profit 53.61% 56.98%
Operating Expenses $104.2M $99.26M
YoY Change 18.6% 20.08%
Operating Profit $79.21M $69.10M
YoY Change 23.78% 36.39%
Interest Expense $16.15M -$14.70M
YoY Change 19.17% -208.89%
% of Operating Profit 20.38% -21.27%
Other Income/Expense, Net -$13.07M $1.064M
YoY Change 3.23% -108.44%
Pretax Income $66.14M $55.90M
YoY Change 28.86% 46.88%
Income Tax $17.26M $14.69M
% Of Pretax Income 26.1% 26.27%
Net Earnings $48.88M $41.22M
YoY Change 27.37% 56.44%
Net Earnings / Revenue 12.2% 11.44%
Basic Earnings Per Share $1.35 $1.14
Diluted Earnings Per Share $1.35 $1.14
COMMON SHARES
Basic Shares Outstanding 36.38M 36.38M
Diluted Shares Outstanding 36.32M 36.30M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.900M $46.90M
YoY Change -96.87% -83.18%
Cash & Equivalents $6.919M $46.90M
Short-Term Investments
Other Short-Term Assets $13.30M $34.79M
YoY Change -37.62% 25.06%
Inventory $137.0M $195.6M
Prepaid Expenses
Receivables $253.3M $226.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $410.5M $503.9M
YoY Change -27.01% -17.7%
LONG-TERM ASSETS
Property, Plant & Equipment $163.5M $1.919B
YoY Change 26.15% 1460.15%
Goodwill $96.87M $102.7M
YoY Change 53.43% 62.69%
Intangibles $27.58M $29.27M
YoY Change 25.3% 27.21%
Long-Term Investments
YoY Change
Other Assets $4.900M $5.173M
YoY Change 425.19% 366.88%
Total Long-Term Assets $2.179B $2.056B
YoY Change 31.54% 31.8%
TOTAL ASSETS
Total Short-Term Assets $410.5M $503.9M
Total Long-Term Assets $2.179B $2.056B
Total Assets $2.589B $2.560B
YoY Change 16.7% 17.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $121.1M $191.2M
YoY Change -0.67% 39.68%
Accrued Expenses $282.6M $253.6M
YoY Change 11.31% 11.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $406.6M $447.5M
YoY Change 3.55% 15.87%
LONG-TERM LIABILITIES
Long-Term Debt $1.388B $1.372B
YoY Change 11.68% 10.41%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.388B $1.372B
YoY Change 11.68% 10.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $406.6M $447.5M
Total Long-Term Liabilities $1.388B $1.372B
Total Liabilities $2.101B $2.110B
YoY Change 12.9% 14.47%
SHAREHOLDERS EQUITY
Retained Earnings $304.5M $265.8M
YoY Change 71.38% 77.8%
Common Stock $259.6M $257.3M
YoY Change 3.86% 3.75%
Preferred Stock
YoY Change
Treasury Stock (at cost) $76.02M $73.19M
YoY Change 8.71% 6.63%
Treasury Stock Shares $4.317M
Shareholders Equity $488.1M $449.9M
YoY Change
Total Liabilities & Shareholders Equity $2.589B $2.560B
YoY Change 16.7% 17.85%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $48.88M $41.22M
YoY Change 27.37% 56.44%
Depreciation, Depletion And Amortization $101.0M $95.93M
YoY Change 36.5% 36.4%
Cash From Operating Activities $141.6M $91.69M
YoY Change 32.32% 39.54%
INVESTING ACTIVITIES
Capital Expenditures $236.5M $252.6M
YoY Change -235.72% -275.17%
Acquisitions
YoY Change
Other Investing Activities $53.40M $40.09M
YoY Change 164.8% 158.86%
Cash From Investing Activities -$183.1M -$212.5M
YoY Change 18.83% 65.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.500M 77.76M
YoY Change -113.3% -880.06%
NET CHANGE
Cash From Operating Activities 141.6M 91.69M
Cash From Investing Activities -183.1M -212.5M
Cash From Financing Activities 1.500M 77.76M
Net Change In Cash -40.00M -43.04M
YoY Change -31.45% -41.01%
FREE CASH FLOW
Cash From Operating Activities $141.6M $91.69M
Capital Expenditures $236.5M $252.6M
Free Cash Flow -$94.90M -$160.9M
YoY Change -133.74% -176.65%

Facts In Submission

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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.86
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36541000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36327000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36540000
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.275
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.275
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.55
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.55
us-gaap Profit Loss
ProfitLoss
66890000
us-gaap Profit Loss
ProfitLoss
42642000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16326000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13881000
hees Rental Depreciation
RentalDepreciation
167785000
hees Rental Depreciation
RentalDepreciation
122309000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
81000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
24000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3365000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1985000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
660000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
485000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-586000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-586000
us-gaap Operating Lease Expense
OperatingLeaseExpense
9204000
us-gaap Operating Lease Expense
OperatingLeaseExpense
6794000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1846000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1360000
us-gaap Inventory Write Down
InventoryWriteDown
6000
hees Deferred Income Tax Expense Benefit Continuing And Discontinuing Operations
DeferredIncomeTaxExpenseBenefitContinuingAndDiscontinuingOperations
19970000
hees Deferred Income Tax Expense Benefit Continuing And Discontinuing Operations
DeferredIncomeTaxExpenseBenefitContinuingAndDiscontinuingOperations
13811000
us-gaap Share Based Compensation
ShareBasedCompensation
5029000
us-gaap Share Based Compensation
ShareBasedCompensation
2989000
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-1917000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1103000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
2382000
hees Gain On Sales Of Rental Equipment Net
GainOnSalesOfRentalEquipmentNet
42121000
hees Gain On Sales Of Rental Equipment Net
GainOnSalesOfRentalEquipmentNet
17341000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
3184000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
27252000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
154719000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
87557000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
13333000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6737000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
61710000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
41270000
hees Increase Decrease In Manufacturer Flooring Plans Payable
IncreaseDecreaseInManufacturerFlooringPlansPayable
2084000
hees Increase Decrease In Manufacturer Flooring Plans Payable
IncreaseDecreaseInManufacturerFlooringPlansPayable
583000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-6172000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-5178000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
134910000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
104189000
hees Disposal Group Including Discontinued Operation Closing Adjustments Of Discontinued Operations Investing Activity
DisposalGroupIncludingDiscontinuedOperationClosingAdjustmentsOfDiscontinuedOperationsInvestingActivity
2256000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
33393000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24457000
hees Purchases Of Rental Equipment
PurchasesOfRentalEquipment
308142000
hees Purchases Of Rental Equipment
PurchasesOfRentalEquipment
174775000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1474000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2794000
hees Proceeds From Sales Of Rental Equipment
ProceedsFromSalesOfRentalEquipment
71146000
hees Proceeds From Sales Of Rental Equipment
ProceedsFromSalesOfRentalEquipment
36293000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-268915000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-162401000
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
876440000
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
573197000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
748653000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
573197000
us-gaap Payments Of Dividends
PaymentsOfDividends
19993000
us-gaap Payments Of Dividends
PaymentsOfDividends
19886000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3226000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
343000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4939000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
52000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
24000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
99577000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-20253000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-34428000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-78465000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
81330000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
357296000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
46902000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
278831000
hees Assets Transferred From Used And New Inventory To Rental Fleet
AssetsTransferredFromUsedAndNewInventoryToRentalFleet
66982000
hees Assets Transferred From Used And New Inventory To Rental Fleet
AssetsTransferredFromUsedAndNewInventoryToRentalFleet
40808000
hees Purchase Of Property Plant And Equipment Included In Accrued Expenses Payable And Other Liabilities
PurchaseOfPropertyPlantAndEquipmentIncludedInAccruedExpensesPayableAndOtherLiabilities
545000
hees Purchase Of Property Plant And Equipment Included In Accrued Expenses Payable And Other Liabilities
PurchaseOfPropertyPlantAndEquipmentIncludedInAccruedExpensesPayableAndOtherLiabilities
-567000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
14076000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
13110000
us-gaap Interest Paid Net
InterestPaidNet
26481000
us-gaap Interest Paid Net
InterestPaidNet
30426000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3877000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1891000
CY2023Q2 hees Number Of Branch Locations
NumberOfBranchLocations
126
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:2.267%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:3.333%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America, which requires management to use its judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosures at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reported period. These assumptions and estimates could have a material effect on our condensed consolidated financial statements. Actual results may differ materially from those estimates. We review our estimates on an ongoing basis based on information currently available, and changes in facts and circumstances may cause us to revise these estimates.</span></p>
CY2023Q2 us-gaap Revenues
Revenues
360232000
CY2022Q2 us-gaap Revenues
Revenues
294671000
us-gaap Revenues
Revenues
682714000
us-gaap Revenues
Revenues
567121000
hees Number Of Major Customers
NumberOfMajorCustomers
0
hees Bad Debts As A Percentage Of Revenue
BadDebtsAsAPercentageOfRevenue
0.003
hees Bad Debts As A Percentage Of Revenue
BadDebtsAsAPercentageOfRevenue
0.003
CY2021Q4 us-gaap Goodwill
Goodwill
63137000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
39553000
CY2022Q4 us-gaap Goodwill
Goodwill
102690000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
29000
CY2023Q2 us-gaap Goodwill
Goodwill
102719000
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
92700
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
92700
CY2023Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
92700
CY2022Q4 hees Indemnification Receivable Related To Unrecognized Tax Benefit
IndemnificationReceivableRelatedToUnrecognizedTaxBenefit
700000
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
401042000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2990000
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9794000
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000
CY2023Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
58211
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3226000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
25674000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
416687000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2039000
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10046000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
41216000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
449896000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
303382000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1678000
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9851000
CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
8938
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
343000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
16296000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
311162000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1311000
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9964000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
26346000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
328855000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
560456
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
30.02
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
27726
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
35.53
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
134346
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
21.29
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
7168
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
30.70
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
446668
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
32.97
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
9300000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M6D
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2039000
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1311000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5029000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2989000
CY2023Q2 hees Percentage Of Restricted Shares In Outstanding Common Stock
PercentageOfRestrictedSharesInOutstandingCommonStock
0.01
CY2022Q2 hees Percentage Of Restricted Shares In Outstanding Common Stock
PercentageOfRestrictedSharesInOutstandingCommonStock
0.01
hees Percentage Of Restricted Shares In Outstanding Common Stock
PercentageOfRestrictedSharesInOutstandingCommonStock
0.01
hees Percentage Of Restricted Shares In Outstanding Common Stock
PercentageOfRestrictedSharesInOutstandingCommonStock
0.01
CY2023Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
41216000
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
27870000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
66890000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
44166000
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1524000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1524000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
41216000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
26346000
us-gaap Net Income Loss
NetIncomeLoss
66890000
us-gaap Net Income Loss
NetIncomeLoss
42642000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36075000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36382000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36050000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36373000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36302000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36541000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36327000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36540000
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.14
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.77
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.86
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.21
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.14
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.86
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.14
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.76
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.84
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.21
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.04
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.04
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y9M18D
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.050
CY2023Q2 hees Lessee Operating Lease Liability Not Yet Commenced Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityNotYetCommencedRemainderOfFiscalYear
500000
CY2023Q2 hees Lessee Operating Lease Liability Not Yet Commenced Payments Due In Two Years
LesseeOperatingLeaseLiabilityNotYetCommencedPaymentsDueInTwoYears
2300000
CY2023Q2 hees Lessee Operating Lease Liability Not Yet Commenced Payments Due In Three Years
LesseeOperatingLeaseLiabilityNotYetCommencedPaymentsDueInThreeYears
2600000
CY2023Q2 hees Lessee Operating Lease Liability Not Yet Commenced Payments Due In Four Years
LesseeOperatingLeaseLiabilityNotYetCommencedPaymentsDueInFourYears
2600000
CY2023Q2 hees Lessee Operating Lease Liability Not Yet Commenced Payments Due In Five Years
LesseeOperatingLeaseLiabilityNotYetCommencedPaymentsDueInFiveYears
2700000
CY2023Q2 hees Lessee Operating Lease Liability Not Yet Commenced Payments Due Thereafter
LesseeOperatingLeaseLiabilityNotYetCommencedPaymentsDueThereafter
19400000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5
CY2023Q2 us-gaap Revenues
Revenues
360232000
CY2022Q2 us-gaap Revenues
Revenues
294671000
us-gaap Revenues
Revenues
682714000
us-gaap Revenues
Revenues
567121000
CY2023Q2 us-gaap Gross Profit
GrossProfit
168361000
CY2022Q2 us-gaap Gross Profit
GrossProfit
132334000
us-gaap Gross Profit
GrossProfit
309739000
us-gaap Gross Profit
GrossProfit
243914000
CY2023Q2 us-gaap Assets
Assets
2560198000
CY2022Q4 us-gaap Assets
Assets
2291699000
CY2023Q2 hees Percentage Of Revenue From International Market On Aggregate Revenue
PercentageOfRevenueFromInternationalMarketOnAggregateRevenue
0.001
CY2022Q2 hees Percentage Of Revenue From International Market On Aggregate Revenue
PercentageOfRevenueFromInternationalMarketOnAggregateRevenue
0.001
hees Percentage Of Revenue From International Market On Aggregate Revenue
PercentageOfRevenueFromInternationalMarketOnAggregateRevenue
0.001
hees Percentage Of Revenue From International Market On Aggregate Revenue
PercentageOfRevenueFromInternationalMarketOnAggregateRevenue
0.005
CY2023Q2 hees Number Of Major Customers
NumberOfMajorCustomers
0
CY2022Q2 hees Number Of Major Customers
NumberOfMajorCustomers
0
hees Number Of Major Customers
NumberOfMajorCustomers
0
hees Number Of Major Customers
NumberOfMajorCustomers
0

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