2013 Form 10-K Financial Statement

#000119312514077300 Filed on February 28, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012 Q3
Revenue $987.8M $250.1M $204.5M
YoY Change 17.97% 15.26% 10.97%
Cost Of Revenue $685.9M $176.6M $137.6M
YoY Change 18.26% 9.69% 5.43%
Gross Profit $301.8M $73.50M $66.92M
YoY Change 17.31% 31.02% 24.62%
Gross Profit Margin 30.56% 29.39% 32.72%
Selling, General & Admin $189.1M $45.10M $42.40M
YoY Change 11.44% 16.54% 8.72%
% of Gross Profit 62.64% 61.36% 63.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.96M $31.70M $30.60M
YoY Change -85.45% 23.83% 20.95%
% of Gross Profit 5.62% 43.13% 45.72%
Operating Expenses $189.1M $45.20M $42.40M
YoY Change 11.44% 16.8% 8.45%
Operating Profit $115.3M $28.46M $25.04M
YoY Change 29.23% 63.55% 71.47%
Interest Expense $51.40M -$11.90M $9.825M
YoY Change 44.63% 67.61% -236.46%
% of Operating Profit 44.57% -41.82% 39.25%
Other Income/Expense, Net -$50.18M $200.0K -$19.76M
YoY Change 12.02% 100.0% -19862.0%
Pretax Income $65.15M $16.76M $5.273M
YoY Change 46.57% 58.13% -34.09%
Income Tax $21.01M $6.100M $1.564M
% Of Pretax Income 32.25% 36.39% 29.66%
Net Earnings $44.14M $10.70M $3.709M
YoY Change 53.07% 35.49% -22.73%
Net Earnings / Revenue 4.47% 4.28% 1.81%
Basic Earnings Per Share $1.26 $0.31 $0.11
Diluted Earnings Per Share $1.26 $0.31 $0.11
COMMON SHARES
Basic Shares Outstanding 35.04M 34.96M shares
Diluted Shares Outstanding 35.15M 34.97M shares

Balance Sheet

Concept 2013 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.60M $8.900M $3.300M
YoY Change 97.75% -63.22% -32.65%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $6.000M $5.200M $5.100M
YoY Change 15.38% 0.0% -7.27%
Inventory $111.6M $79.97M $109.8M
Prepaid Expenses
Receivables $131.8M $141.7M $123.9M
Other Receivables $200.0K $0.00 $0.00
Total Short-Term Assets $267.2M $235.8M $242.1M
YoY Change 13.32% 17.96% 29.19%
LONG-TERM ASSETS
Property, Plant & Equipment $787.2M $86.19M $651.3M
YoY Change 17.58% -83.22% 28.46%
Goodwill $32.07M
YoY Change -5.72%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.700M $5.000M $14.30M
YoY Change -6.0% -10.71% 138.33%
Total Long-Term Assets $823.1M $706.6M $698.1M
YoY Change 16.49% 27.68% 27.6%
TOTAL ASSETS
Total Short-Term Assets $267.2M $235.8M $242.1M
Total Long-Term Assets $823.1M $706.6M $698.1M
Total Assets $1.090B $942.4M $940.2M
YoY Change 15.69% 25.1% 28.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.80M $36.10M $75.70M
YoY Change 87.81% -42.7% 25.96%
Accrued Expenses $50.20M $50.50M $37.60M
YoY Change -0.59% 31.17% 20.13%
Deferred Revenue
YoY Change
Short-Term Debt $102.5M $157.7M $130.7M
YoY Change -35.0% 879.5% 861.03%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $276.5M $298.6M $304.4M
YoY Change -7.4% 67.85% 79.16%
LONG-TERM LIABILITIES
Long-Term Debt $630.8M $523.5M $532.5M
YoY Change 20.5% 107.24% 110.81%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $630.8M $523.5M $532.5M
YoY Change 20.5% 107.24% 110.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $276.5M $298.6M $304.4M
Total Long-Term Liabilities $630.8M $523.5M $532.5M
Total Liabilities $995.5M $893.8M $902.9M
YoY Change 11.38% 82.74% 88.69%
SHAREHOLDERS EQUITY
Retained Earnings -$107.0M
YoY Change
Common Stock $213.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $57.58M
YoY Change
Treasury Stock Shares 3.776M shares
Shareholders Equity $94.80M $48.64M $37.30M
YoY Change
Total Liabilities & Shareholders Equity $1.090B $942.4M $940.2M
YoY Change 15.69% 25.1% 28.01%

Cashflow Statement

Concept 2013 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $44.14M $10.70M $3.709M
YoY Change 53.07% 35.49% -22.73%
Depreciation, Depletion And Amortization $16.96M $31.70M $30.60M
YoY Change -85.45% 23.83% 20.95%
Cash From Operating Activities $138.7M $19.30M $3.500M
YoY Change 237.99% -55.63% -83.8%
INVESTING ACTIVITIES
Capital Expenditures $29.48M -$66.30M -$100.3M
YoY Change -21.1% 53.83% 138.81%
Acquisitions
YoY Change
Other Investing Activities $117.4M $25.70M $21.00M
YoY Change 26.78% 56.71% -0.94%
Cash From Investing Activities -$179.6M -$40.50M -$79.40M
YoY Change -15.68% 52.26% 281.73%
FINANCING ACTIVITIES
Cash Dividend Paid $855.0K
YoY Change -99.65%
Common Stock Issuance & Retirement, Net $890.0K
YoY Change 28.24%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 49.65M 26.80M 75.50M
YoY Change -68.3% 1016.67% -5133.33%
NET CHANGE
Cash From Operating Activities 138.7M 19.30M 3.500M
Cash From Investing Activities -179.6M -40.50M -79.40M
Cash From Financing Activities 49.65M 26.80M 75.50M
Net Change In Cash 8.713M 5.600M -400.0K
YoY Change -156.87% -70.98% -42.86%
FREE CASH FLOW
Cash From Operating Activities $138.7M $19.30M $3.500M
Capital Expenditures $29.48M -$66.30M -$100.3M
Free Cash Flow $109.2M $85.60M $103.8M
YoY Change 2881.24% -1.15% 63.21%

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0.0325 pure
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CY2013Q4 hees Number Of Capital Lease Obligations
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2 Lease_Agreement
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1 Branch
CY2013Q4 hees Deferred Tax Assets Accrued Interest
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1454000
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CY2013Q4 hees Amounts Due On Senior Secured Credit Facility
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4059000
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554000
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257000
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1000
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1388000
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21024000
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210000
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594000
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2953000
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554000
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1327000
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3182000
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28727000
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262000
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12600000
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1200000
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
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342000
CY2011 us-gaap Increase Decrease In Accounts Payable
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4569000
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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415000
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43028000
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332000
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2621000
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2697000
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257000
CY2011 us-gaap Amortization Of Intangible Assets
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362000
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262000
CY2011 us-gaap Increase Decrease In Deferred Compensation
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4000
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1328000
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300000
CY2011 us-gaap Current Federal Tax Expense Benefit
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CY2011 us-gaap Advertising Expense
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400000
CY2011 us-gaap Selling General And Administrative Expense
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153354000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3215000
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12255000
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2491000
CY2011 hees Gain On Sales Of Property And Equipment Net
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793000
CY2011 hees Proceeds From Sales Of Rental Equipment
ProceedsFromSalesOfRentalEquipment
63358000
CY2011 hees Income Tax Reconciliation Increase In Uncertain Tax Positions
IncomeTaxReconciliationIncreaseInUncertainTaxPositions
-339000
CY2011 hees Parts Sales Cost Of Revenues
PartsSalesCostOfRevenues
69222000
CY2011 hees Increase Decrease In Manufacturer Flooring Plans Payable
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-16740000
CY2011 hees New Equipment Sales
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220211000
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86781000
CY2011 hees Assets Transferred From New And Used Inventory To Rental Fleet
AssetsTransferredFromNewAndUsedInventoryToRentalFleet
28356000
CY2011 hees Income Tax Reconciliation Excess Of Tax Deductible Goodwill
IncomeTaxReconciliationExcessOfTaxDeductibleGoodwill
2130000
CY2011 hees Parts Sales
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94511000
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UsedEquipmentSales
85347000
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RentalExpense
46599000
CY2011 hees Used Equipment Sales Cost Of Revenues
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65042000
CY2011 hees Gain On Sales Of Rental Equipment Net
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18788000
CY2011 hees Percentage Of Revenue From International Market On Aggregate Revenue
PercentageOfRevenueFromInternationalMarketOnAggregateRevenue
0.019 pure
CY2011 hees New Equipment Sales Cost Of Revenues
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196152000
CY2011 hees Purchases Of Rental Equipment
PurchasesOfRentalEquipment
127235000
CY2011 hees Equipment Rentals
EquipmentRentals
228038000
CY2013 dei Trading Symbol
TradingSymbol
HEES
CY2013 dei Entity Registrant Name
EntityRegistrantName
H&E Equipment Services, Inc.
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001339605
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
7338 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
86911 shares
CY2013 us-gaap Number Of Operating Segments
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6 Segment
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CY2013 us-gaap Earnings Per Share Diluted
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1.26
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35146000 shares
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15.35
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
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1.26
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2013-01-31
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P2Y6M
CY2013 us-gaap Debt Instrument Term
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P1Y
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12.37
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DebtInstrumentRedemptionPricePercentage
1.01000 pure
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P3Y
CY2013 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
The interest rate on the Credit Facility was based on a 3.25% U.S. Prime Rate plus 100 basis points and LIBOR plus 200 basis points
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0
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40109 shares
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138652000
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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0
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0 shares
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21.83
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y10M24D
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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35041000 shares
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5 Segment
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y6M
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
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0 shares
CY2013 us-gaap Concentration Risk Percentage1
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0.65 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2013 us-gaap Use Of Estimates
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> 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.</p> </div>
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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11000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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65147000
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2479000
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3414000
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52625000
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67754000
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4327000
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2618000
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890000
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307000
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0
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1000
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29479000
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855000
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0
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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84000
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AmortizationOfFinancingCostsAndDiscounts
1094000
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49651000
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21034000
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107250000
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685920000
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220000
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3439000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
17885000
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
890000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
2618000
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3194000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
8713000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1860000
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
12400000
CY2013 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1700000
CY2013 us-gaap Interest Expense
InterestExpense
51404000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2651000
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
31659000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
22801000
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2759000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
16306000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-179590000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
716000
CY2013 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
49779000
CY2013 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1058990000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1579000
CY2013 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
17568000
CY2013 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
16702000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
307000
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
877000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
285000
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3122000
CY2013 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
65000
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2618000
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
200000
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
214000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1262000
CY2013 us-gaap Advertising Expense
AdvertisingExpense
600000
CY2013 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
231000
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
189062000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21007000
CY2013 hees Depreciation And Amortization On Property And Equipment
DepreciationAndAmortizationOnPropertyAndEquipment
16955000
CY2013 hees Percentage Of Principal Amount Of New Notes To Be Redeemed
PercentageOfPrincipalAmountOfNewNotesToBeRedeemed
0.35 pure
CY2013 hees Increase Decrease In Accrued Expenses Payable And Other Liabilities
IncreaseDecreaseInAccruedExpensesPayableAndOtherLiabilities
3916000
CY2013 hees Writedown Of Goodwill For Tax Deductible Goodwill In Excess Of Book Goodwill
WritedownOfGoodwillForTaxDeductibleGoodwillInExcessOfBookGoodwill
877000
CY2013 hees Gain On Sales Of Property And Equipment Net
GainOnSalesOfPropertyAndEquipmentNet
2549000
CY2013 hees Proceeds From Sales Of Rental Equipment
ProceedsFromSalesOfRentalEquipment
114595000
CY2013 hees Income Tax Reconciliation Increase In Uncertain Tax Positions
IncomeTaxReconciliationIncreaseInUncertainTaxPositions
488000
CY2013 hees Federal Tax Returns Under Examination
FederalTaxReturnsUnderExamination
2005 through 2009
CY2013 hees Basis Points Added To Libor
BasisPointsAddedToLibor
0.02 pure
CY2013 hees Parts Sales Cost Of Revenues
PartsSalesCostOfRevenues
74241000
CY2013 hees Number Of Major Customers
NumberOfMajorCustomers
0 Customer
CY2013 hees Increase Decrease In Manufacturer Flooring Plans Payable
IncreaseDecreaseInManufacturerFlooringPlansPayable
-1777000
CY2013 hees New Equipment Sales
NewEquipmentSales
294768000
CY2013 hees Rental Depreciation
RentalDepreciation
121948000
CY2013 hees Assets Transferred From New And Used Inventory To Rental Fleet
AssetsTransferredFromNewAndUsedInventoryToRentalFleet
35864000
CY2013 hees Income Tax Reconciliation Excess Of Tax Deductible Goodwill
IncomeTaxReconciliationExcessOfTaxDeductibleGoodwill
4673000
CY2013 hees Parts Sales
PartsSales
103174000
CY2013 hees Deferred Compensation Arrangement With Individual Effective Interest Rate
DeferredCompensationArrangementWithIndividualEffectiveInterestRate
0.0325 pure
CY2013 hees Basis Points Added To Unites States Prime Rate
BasisPointsAddedToUnitesStatesPrimeRate
0.01 pure
CY2013 hees Used Equipment Sales
UsedEquipmentSales
141560000
CY2013 hees Operating Loss Carryforward Expiry Period
OperatingLossCarryforwardExpiryPeriod
2029 through 2030
CY2013 hees Rental Expense
RentalExpense
55338000
CY2013 hees Used Equipment Sales Cost Of Revenues
UsedEquipmentSalesCostOfRevenues
100693000
CY2013 hees Gain On Sales Of Rental Equipment Net
GainOnSalesOfRentalEquipmentNet
38575000
CY2013 hees Accretion Of Note Discount
AccretionOfNoteDiscount
231000
CY2013 hees Number Of Deferred Compensation Plans
NumberOfDeferredCompensationPlans
1 CompensationPlan
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.82
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34978000 shares
CY2013 hees Line Of Credit Facility Extended Expiration Date
LineOfCreditFacilityExtendedExpirationDate
2015-01-01
CY2013 hees Percentage Of Revenue From International Market On Aggregate Revenue
PercentageOfRevenueFromInternationalMarketOnAggregateRevenue
0.012 pure
CY2013 hees Tax Credit Carry Forward Expiry Period
TaxCreditCarryForwardExpiryPeriod
2025 and 2029
CY2013 hees Minimum Percentage Of Realized Amount For Recognition Of Income Tax Provisions
MinimumPercentageOfRealizedAmountForRecognitionOfIncomeTaxProvisions
0.50 pure
CY2013 hees New Equipment Sales Cost Of Revenues
NewEquipmentSalesCostOfRevenues
262887000
CY2013 hees Purchases Of Rental Equipment
PurchasesOfRentalEquipment
267465000
CY2013 hees Equipment Rentals
EquipmentRentals
338935000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
5481 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
108678 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34890000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
12.35
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y6M
CY2012 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
9.48
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2012 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
46064 shares
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
41023000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2012 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
15.16
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2012 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
34911455 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2012 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
7.00
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
151416 shares
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-16000
CY2012 us-gaap Capitalized Computer Software Amortization
CapitalizedComputerSoftwareAmortization
3800000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
CY2012 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3227000
CY2012 us-gaap Gross Profit
GrossProfit
257302000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
44448000
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
347000
CY2012 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
890621000
CY2012 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
2600000
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
928000
CY2012 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
244400000
CY2012 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
3606000
CY2012 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-10180000
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
89241000
CY2012 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
46215000
CY2012 us-gaap Interest Paid
InterestPaid
29664000
CY2012 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
56554000
CY2012 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
39808000
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-44793000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
28836000
CY2012 us-gaap Income Tax Reconciliation Deductions Other
IncomeTaxReconciliationDeductionsOther
CY2012 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
158000
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
43137000
CY2012 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
-6600000
CY2012 us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
4837000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1862000
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
694000
CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
293000
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
0
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
837315000
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37361000
CY2012 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
1700000
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
244381000
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000
CY2012 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1555000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
156646000
CY2012 us-gaap Cost Of Services
CostOfServices
21977000
CY2012 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
520725000
CY2012 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
580013000
CY2012 us-gaap Inventory Write Down
InventoryWriteDown
126000
CY2012 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2425000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15212000
CY2012 us-gaap Dividends Sharebased Compensation Stock
DividendsSharebasedCompensationStock
1500000
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
694000
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
245869000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
1862000
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3480000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-15321000
CY2012 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
2600000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
400000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
12800000
CY2012 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1400000
CY2012 us-gaap Interest Expense
InterestExpense
35541000
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1592000
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-26886000
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
15557000
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2058000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
13187000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-212990000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
741000
CY2012 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
44510000
CY2012 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1032285000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2025000
CY2012 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
13187000
CY2012 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
12973000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
293000
CY2012 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1945000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
148000
CY2012 hees Income Tax Reconciliation Increase In Uncertain Tax Positions
IncomeTaxReconciliationIncreaseInUncertainTaxPositions
148000
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
66000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
400000
CY2012 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-33000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1806000
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
200000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
CY2012 us-gaap Advertising Expense
AdvertisingExpense
600000
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
169653000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15612000
CY2012 hees Depreciation And Amortization On Property And Equipment
DepreciationAndAmortizationOnPropertyAndEquipment
13481000
CY2012 hees Increase Decrease In Accrued Expenses Payable And Other Liabilities
IncreaseDecreaseInAccruedExpensesPayableAndOtherLiabilities
12032000
CY2012 hees Writedown Of Goodwill For Tax Deductible Goodwill In Excess Of Book Goodwill
WritedownOfGoodwillForTaxDeductibleGoodwillInExcessOfBookGoodwill
1944000
CY2012 hees Gain On Sales Of Property And Equipment Net
GainOnSalesOfPropertyAndEquipmentNet
1592000
CY2012 hees Proceeds From Sales Of Rental Equipment
ProceedsFromSalesOfRentalEquipment
90542000
CY2012 hees Parts Sales Cost Of Revenues
PartsSalesCostOfRevenues
72323000
CY2012 hees Increase Decrease In Manufacturer Flooring Plans Payable
IncreaseDecreaseInManufacturerFlooringPlansPayable
-7479000
CY2012 hees New Equipment Sales
NewEquipmentSales
241721000
CY2012 hees Rental Depreciation
RentalDepreciation
102966000
CY2012 hees Assets Transferred From New And Used Inventory To Rental Fleet
AssetsTransferredFromNewAndUsedInventoryToRentalFleet
28192000
CY2012 hees Income Tax Reconciliation Excess Of Tax Deductible Goodwill
IncomeTaxReconciliationExcessOfTaxDeductibleGoodwill
2130000
CY2012 hees Parts Sales
PartsSales
99621000
CY2012 hees Used Equipment Sales
UsedEquipmentSales
104563000
CY2012 hees Principal Payments On Senior Unsecured Notes
PrincipalPaymentsOnSeniorUnsecuredNotes
257576000
CY2012 hees Rental Expense
RentalExpense
50052000
CY2012 hees Used Equipment Sales Cost Of Revenues
UsedEquipmentSalesCostOfRevenues
73988000
CY2012 hees Gain On Sales Of Rental Equipment Net
GainOnSalesOfRentalEquipmentNet
29559000
CY2012 hees Percentage Of Revenue From International Market On Aggregate Revenue
PercentageOfRevenueFromInternationalMarketOnAggregateRevenue
0.021 pure
CY2012 hees New Equipment Sales Cost Of Revenues
NewEquipmentSalesCostOfRevenues
214197000
CY2012 hees Payment Of Tender Premiums
PaymentOfTenderPremiums
5000000
CY2012 hees Purchases Of Rental Equipment
PurchasesOfRentalEquipment
268229000
CY2012 hees Equipment Rentals
EquipmentRentals
288641000
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6951000
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
18716000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
4777000
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
212388000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5758000
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
12271000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
3955000
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
173665000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16655000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
23477000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
10468000
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
209024000
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16028000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
28912000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
10809000
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
245340000
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20976000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
33932000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
13953000
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
270449000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2012Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
7.00
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5273000
CY2012Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-10200000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
25035000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
3709000
CY2012Q3 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
-6600000
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
204509000
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2012Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16762000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
28458000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
10704000
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
250117000
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21192000
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
33763000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
14601000
CY2013Q4 us-gaap Sales Revenue Net
SalesRevenueNet
259579000

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