$HEES
H&E Equipment Services, Inc.

2023 Q4 Form 10-Q Financial Statement

#000095017023055598 Filed on October 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $385.8M $400.7M
YoY Change 9.26% 23.56%
Cost Of Revenue $199.5M $212.3M
YoY Change 2.95% 23.15%
Gross Profit $186.3M $188.4M
YoY Change 16.93% 24.03%
Gross Profit Margin 48.3% 47.01%
Selling, General & Admin $106.6M $104.2M
YoY Change 12.19% 18.6%
% of Gross Profit 57.22% 55.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $99.81M $101.0M
YoY Change 12.43% 36.5%
% of Gross Profit 53.57% 53.61%
Operating Expenses $106.6M $104.2M
YoY Change 12.19% 18.6%
Operating Profit $79.72M $79.21M
YoY Change 1.16% 23.78%
Interest Expense -$16.35M $16.15M
YoY Change 20.76% 19.17%
% of Operating Profit -20.51% 20.38%
Other Income/Expense, Net $1.533M -$13.07M
YoY Change -61.22% 3.23%
Pretax Income $66.43M $66.14M
YoY Change -4.04% 28.86%
Income Tax $12.90M $17.26M
% Of Pretax Income 19.42% 26.1%
Net Earnings $53.52M $48.88M
YoY Change 4.64% 27.37%
Net Earnings / Revenue 13.87% 12.2%
Basic Earnings Per Share $1.35
Diluted Earnings Per Share $1.47 $1.35
COMMON SHARES
Basic Shares Outstanding 36.45M 36.38M
Diluted Shares Outstanding 36.32M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.500M $6.900M
YoY Change -89.55% -96.87%
Cash & Equivalents $8.500M $6.919M
Short-Term Investments
Other Short-Term Assets $8.740M $13.30M
YoY Change -59.26% -37.62%
Inventory $109.9M $137.0M
Prepaid Expenses
Receivables $247.4M $253.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $374.6M $410.5M
YoY Change -14.07% -27.01%
LONG-TERM ASSETS
Property, Plant & Equipment $183.8M $163.5M
YoY Change 36.5% 26.15%
Goodwill $108.2M $96.87M
YoY Change 5.32% 53.43%
Intangibles $32.58M $27.58M
YoY Change -0.17% 25.3%
Long-Term Investments
YoY Change
Other Assets $4.609M $4.900M
YoY Change 508.05% 425.19%
Total Long-Term Assets $2.265B $2.179B
YoY Change 22.07% 31.54%
TOTAL ASSETS
Total Short-Term Assets $374.6M $410.5M
Total Long-Term Assets $2.265B $2.179B
Total Assets $2.640B $2.589B
YoY Change 15.19% 16.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $85.49M $121.1M
YoY Change -33.98% -0.67%
Accrued Expenses $271.7M $282.6M
YoY Change 10.35% 11.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $360.3M $406.6M
YoY Change -4.31% 3.55%
LONG-TERM LIABILITIES
Long-Term Debt $1.428B $1.388B
YoY Change 14.84% 11.68%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.428B $1.388B
YoY Change 14.84% 11.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $360.3M $406.6M
Total Long-Term Liabilities $1.428B $1.388B
Total Liabilities $2.106B $2.101B
YoY Change 11.37% 12.9%
SHAREHOLDERS EQUITY
Retained Earnings $348.0M $304.5M
YoY Change 59.11% 71.38%
Common Stock $262.3M $259.6M
YoY Change 3.97% 3.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $76.02M $76.02M
YoY Change 8.65% 8.71%
Treasury Stock Shares
Shareholders Equity $534.3M $488.1M
YoY Change
Total Liabilities & Shareholders Equity $2.640B $2.589B
YoY Change 15.19% 16.7%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $53.52M $48.88M
YoY Change 4.64% 27.37%
Depreciation, Depletion And Amortization $99.81M $101.0M
YoY Change 12.43% 36.5%
Cash From Operating Activities $129.0M $141.6M
YoY Change 26.41% 32.32%
INVESTING ACTIVITIES
Capital Expenditures $167.8M $236.5M
YoY Change 17.86% -235.72%
Acquisitions
YoY Change
Other Investing Activities $11.07M $53.40M
YoY Change -112.63% 164.8%
Cash From Investing Activities -$156.8M -$183.1M
YoY Change -31.86% 18.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 29.35M 1.500M
YoY Change -363.6% -113.3%
NET CHANGE
Cash From Operating Activities 129.0M 141.6M
Cash From Investing Activities -156.8M -183.1M
Cash From Financing Activities 29.35M 1.500M
Net Change In Cash 1.570M -40.00M
YoY Change -101.13% -31.45%
FREE CASH FLOW
Cash From Operating Activities $129.0M $141.6M
Capital Expenditures $167.8M $236.5M
Free Cash Flow -$38.85M -$94.90M
YoY Change -3.76% -133.74%

Facts In Submission

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1.35
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.22
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36134000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36462000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36078000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36402000
us-gaap Profit Loss
ProfitLoss
115769000
us-gaap Profit Loss
ProfitLoss
81018000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25329000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20889000
hees Rental Depreciation
RentalDepreciation
258146000
hees Rental Depreciation
RentalDepreciation
188261000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
154000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
64000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5048000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2978000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1009000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
728000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-879000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-879000
us-gaap Operating Lease Expense
OperatingLeaseExpense
14212000
us-gaap Operating Lease Expense
OperatingLeaseExpense
10503000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3382000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2289000
us-gaap Inventory Write Down
InventoryWriteDown
6000
us-gaap Inventory Write Down
InventoryWriteDown
32000
hees Deferred Income Tax Expense Benefit Continuing And Discontinuing Operations
DeferredIncomeTaxExpenseBenefitContinuingAndDiscontinuingOperations
35386000
hees Deferred Income Tax Expense Benefit Continuing And Discontinuing Operations
DeferredIncomeTaxExpenseBenefitContinuingAndDiscontinuingOperations
24402000
us-gaap Share Based Compensation
ShareBasedCompensation
7304000
us-gaap Share Based Compensation
ShareBasedCompensation
4915000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
5714000
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
1866000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
2911000
hees Gain On Sales Of Rental Equipment Net
GainOnSalesOfRentalEquipmentNet
72856000
hees Gain On Sales Of Rental Equipment Net
GainOnSalesOfRentalEquipmentNet
28126000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
32201000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
47827000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
101771000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
84518000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8107000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
240000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-8351000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
26315000
hees Increase Decrease In Manufacturer Flooring Plans Payable
IncreaseDecreaseInManufacturerFlooringPlansPayable
2235000
hees Increase Decrease In Manufacturer Flooring Plans Payable
IncreaseDecreaseInManufacturerFlooringPlansPayable
-4300000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
10867000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
13934000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
276502000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
211202000
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
55412000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36327000
hees Purchases Of Rental Equipment
PurchasesOfRentalEquipment
522596000
hees Purchases Of Rental Equipment
PurchasesOfRentalEquipment
337156000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2492000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3561000
hees Proceeds From Sales Of Rental Equipment
ProceedsFromSalesOfRentalEquipment
123480000
hees Proceeds From Sales Of Rental Equipment
ProceedsFromSalesOfRentalEquipment
55692000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-452036000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-316486000
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
1332449000
us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
895845000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1190215000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
895845000
us-gaap Payments Of Dividends
PaymentsOfDividends
30017000
us-gaap Payments Of Dividends
PaymentsOfDividends
29871000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6053000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1631000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4939000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
102000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
31000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
101123000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31533000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-74411000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-136817000
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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6919000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
220479000
hees Assets Transferred From Used And New Inventory To Rental Fleet
AssetsTransferredFromUsedAndNewInventoryToRentalFleet
72590000
hees Assets Transferred From Used And New Inventory To Rental Fleet
AssetsTransferredFromUsedAndNewInventoryToRentalFleet
42338000
hees Purchase Of Property Plant And Equipment Included In Accrued Expenses Payable And Other Liabilities
PurchaseOfPropertyPlantAndEquipmentIncludedInAccruedExpensesPayableAndOtherLiabilities
563000
hees Purchase Of Property Plant And Equipment Included In Accrued Expenses Payable And Other Liabilities
PurchaseOfPropertyPlantAndEquipmentIncludedInAccruedExpensesPayableAndOtherLiabilities
-2567000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
26946000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
18114000
us-gaap Interest Paid Net
InterestPaidNet
29131000
us-gaap Interest Paid Net
InterestPaidNet
26729000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4812000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2550000
CY2023Q3 hees Number Of Branch Locations
NumberOfBranchLocations
131
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2022Q3 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
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:3.333%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:3.333%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;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>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:3.333%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassifications</span></p><p style="text-indent:3.333%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Certain reclassifications have been made to prior period amounts in the Condensed Consolidated Statements of Income to conform to the current period presentation. These reclassifications did not have a material impact on previously reported amounts.</span></p>
CY2023Q3 us-gaap Revenues
Revenues
400696000
CY2022Q3 us-gaap Revenues
Revenues
324280000
us-gaap Revenues
Revenues
1083410000
us-gaap Revenues
Revenues
891401000
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
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
5700000
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
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
5714000
CY2023Q3 us-gaap Goodwill
Goodwill
96873000
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
92700
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
92700
CY2023Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
98400
CY2022Q3 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
CY2023Q3 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
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
5700000
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
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2275000
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10091000
CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
2000
CY2023Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
57421
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2827000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
48879000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
488134000
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
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1926000
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10145000
CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
2000
CY2022Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
37116
CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1288000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
38376000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
357726000
us-gaap Net Income Loss
NetIncomeLoss
115769000
us-gaap Net Income Loss
NetIncomeLoss
81018000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36134000
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
235938
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
47
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
283332
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
25.04
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
14455
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
35.11
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
498607
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
40.73
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
17300000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2275000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1926000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7304000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4915000
CY2023Q3 hees Percentage Of Restricted Shares In Outstanding Common Stock
PercentageOfRestrictedSharesInOutstandingCommonStock
0.01
CY2022Q3 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
CY2023Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
48879000
CY2022Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
38376000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
115769000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
82542000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1524000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
48879000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
38376000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36462000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36078000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36402000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36322000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36553000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36326000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36544000
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.35
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.05
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.21
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.27
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.35
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.21
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.23
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.35
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.05
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.19
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.26
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.04
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.35
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.22
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M6D
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M18D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.064
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.059
CY2023Q3 hees Lessee Operating Lease Liability Not Yet Commenced Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityNotYetCommencedRemainderOfFiscalYear
200000
CY2023Q3 hees Lessee Operating Lease Liability Not Yet Commenced Payments Due In Two Years
LesseeOperatingLeaseLiabilityNotYetCommencedPaymentsDueInTwoYears
1300000
CY2023Q3 hees Lessee Operating Lease Liability Not Yet Commenced Payments Due In Three Years
LesseeOperatingLeaseLiabilityNotYetCommencedPaymentsDueInThreeYears
1600000
CY2023Q3 hees Lessee Operating Lease Liability Not Yet Commenced Payments Due In Four Years
LesseeOperatingLeaseLiabilityNotYetCommencedPaymentsDueInFourYears
1600000
CY2023Q3 hees Lessee Operating Lease Liability Not Yet Commenced Payments Due In Five Years
LesseeOperatingLeaseLiabilityNotYetCommencedPaymentsDueInFiveYears
1700000
CY2023Q3 hees Lessee Operating Lease Liability Not Yet Commenced Payments Due Thereafter
LesseeOperatingLeaseLiabilityNotYetCommencedPaymentsDueThereafter
13500000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5
CY2023Q3 us-gaap Revenues
Revenues
400696000
CY2022Q3 us-gaap Revenues
Revenues
324280000
us-gaap Revenues
Revenues
1083410000
us-gaap Revenues
Revenues
891401000
CY2023Q3 us-gaap Gross Profit
GrossProfit
188383000
CY2022Q3 us-gaap Gross Profit
GrossProfit
151883000
us-gaap Gross Profit
GrossProfit
498122000
us-gaap Gross Profit
GrossProfit
395797000
CY2023Q3 us-gaap Assets
Assets
2589134000
CY2022Q4 us-gaap Assets
Assets
2291699000
CY2023Q3 hees Percentage Of Revenue From International Market On Aggregate Revenue
PercentageOfRevenueFromInternationalMarketOnAggregateRevenue
0.001
CY2022Q3 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
0.004
CY2023Q3 hees Number Of Major Customers
NumberOfMajorCustomers
0
CY2022Q3 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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