$HEES
H&E Equipment Services, Inc.

2017 Q3 Form 10-Q Financial Statement

#000156459017020169 Filed on October 26, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $259.2M $244.7M
YoY Change 5.92% -11.62%
Cost Of Revenue $165.1M $156.6M
YoY Change 5.48% -14.92%
Gross Profit $94.03M $88.13M
YoY Change 6.7% -5.08%
Gross Profit Margin 36.28% 36.02%
Selling, General & Admin $55.20M $55.96M
YoY Change -1.36% 2.3%
% of Gross Profit 58.71% 63.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $49.20M $48.40M
YoY Change 1.65% 2.54%
% of Gross Profit 52.33% 54.92%
Operating Expenses $55.20M $55.96M
YoY Change -1.36% 2.3%
Operating Profit $47.65M $33.09M
YoY Change 44.01% -13.99%
Interest Expense $15.06M $13.47M
YoY Change 11.81% -0.09%
% of Operating Profit 31.6% 40.7%
Other Income/Expense, Net -$40.08M -$13.08M
YoY Change 206.33% 0.79%
Pretax Income $7.577M $20.01M
YoY Change -62.13% -21.52%
Income Tax -$5.900M $8.342M
% Of Pretax Income -77.87% 41.7%
Net Earnings $8.462M $11.67M
YoY Change -27.46% -21.03%
Net Earnings / Revenue 3.27% 4.77%
Basic Earnings Per Share $0.24 $0.33
Diluted Earnings Per Share $0.24 $0.33
COMMON SHARES
Basic Shares Outstanding 35.54M 35.42M
Diluted Shares Outstanding 35.72M 35.50M

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.200M $7.000M
YoY Change -11.43% -23.91%
Cash & Equivalents $6.184M
Short-Term Investments
Other Short-Term Assets $9.100M $8.900M
YoY Change 2.25% -30.47%
Inventory $83.10M $74.00M
Prepaid Expenses
Receivables $152.8M $138.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $251.2M $228.7M
YoY Change 9.84% -15.8%
LONG-TERM ASSETS
Property, Plant & Equipment $1.018B $1.030B
YoY Change -1.12% 0.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.600M $2.200M
YoY Change -27.27% -52.17%
Total Long-Term Assets $1.051B $1.063B
YoY Change -1.14% 0.16%
TOTAL ASSETS
Total Short-Term Assets $251.2M $228.7M
Total Long-Term Assets $1.051B $1.063B
Total Assets $1.302B $1.292B
YoY Change 0.81% -3.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $81.60M $48.20M
YoY Change 69.29% -10.58%
Accrued Expenses $53.90M $51.50M
YoY Change 4.66% 4.89%
Deferred Revenue
YoY Change
Short-Term Debt $77.20M $209.8M
YoY Change -63.2% -15.95%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $238.0M $349.6M
YoY Change -31.92% -15.7%
LONG-TERM LIABILITIES
Long-Term Debt $739.8M $629.4M
YoY Change 17.54% -0.22%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $739.8M $629.4M
YoY Change 17.54% -0.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $238.0M $349.6M
Total Long-Term Liabilities $739.8M $629.4M
Total Liabilities $1.162B $1.152B
YoY Change 0.87% -3.42%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $3.976M
Shareholders Equity $139.8M $139.4M
YoY Change
Total Liabilities & Shareholders Equity $1.302B $1.292B
YoY Change 0.81% -3.09%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $8.462M $11.67M
YoY Change -27.46% -21.03%
Depreciation, Depletion And Amortization $49.20M $48.40M
YoY Change 1.65% 2.54%
Cash From Operating Activities $63.70M $41.80M
YoY Change 52.39% -36.18%
INVESTING ACTIVITIES
Capital Expenditures -$74.70M -$88.80M
YoY Change -15.88% 18.88%
Acquisitions
YoY Change
Other Investing Activities $23.90M $18.70M
YoY Change 27.81% -23.36%
Cash From Investing Activities -$50.80M -$70.00M
YoY Change -27.43% 39.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.70M 24.90M
YoY Change -155.02% -239.89%
NET CHANGE
Cash From Operating Activities 63.70M 41.80M
Cash From Investing Activities -50.80M -70.00M
Cash From Financing Activities -13.70M 24.90M
Net Change In Cash -800.0K -3.300M
YoY Change -75.76% 26.92%
FREE CASH FLOW
Cash From Operating Activities $63.70M $41.80M
Capital Expenditures -$74.70M -$88.80M
Free Cash Flow $138.4M $130.6M
YoY Change 5.97% -6.85%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
33090000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
2301000
us-gaap Sales Revenue Net
SalesRevenueNet
735353000
CY2017Q3 hees Senior Unsecured Notes Deferred Financing Costs
SeniorUnsecuredNotesDeferredFinancingCosts
1598000
us-gaap Sales Revenue Net
SalesRevenueNet
733791000
CY2016Q4 hees Senior Unsecured Notes Deferred Financing Costs
SeniorUnsecuredNotesDeferredFinancingCosts
1339000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31775000
CY2017Q3 hees Merger Breakup Fee Proceeds Net Of Merger Costs
MergerBreakupFeeProceedsNetOfMergerCosts
6506000
hees Merger Breakup Fee Proceeds Net Of Merger Costs
MergerBreakupFeeProceedsNetOfMergerCosts
6506000
CY2017Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-25363000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-25363000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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42169000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8045000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17427000
us-gaap Net Income Loss
NetIncomeLoss
23730000
us-gaap Net Income Loss
NetIncomeLoss
24742000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.825
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18092000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20321000
hees Rental Depreciation
RentalDepreciation
125996000
CY2017Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2017Q3 us-gaap Selling General And Administrative Expense
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us-gaap Gross Profit
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CY2016Q3 us-gaap Selling General And Administrative Expense
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CY2017Q3 us-gaap Common Stock Par Or Stated Value Per Share
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CY2017Q3 us-gaap Preferred Stock Shares Authorized
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CY2017Q3 us-gaap Treasury Stock Shares
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CY2017Q3 us-gaap Preferred Stock Shares Issued
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CY2017Q3 us-gaap Common Stock Shares Issued
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CY2017Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2017Q3 us-gaap Common Stock Shares Authorized
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CY2017Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2017Q3 us-gaap Interest Expense
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us-gaap Operating Income Loss
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2017Q3 us-gaap Operating Income Loss
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us-gaap Gross Profit
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us-gaap Operating Income Loss
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us-gaap Selling General And Administrative Expense
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us-gaap Interest Expense
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us-gaap Selling General And Administrative Expense
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CY2016Q3 us-gaap Interest Expense
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us-gaap Cost Of Goods And Services Sold
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us-gaap Interest Expense
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us-gaap Cost Of Goods And Services Sold
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CY2017Q3 us-gaap Other Nonoperating Income Expense
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CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35424000
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35715000
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2017Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2016Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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us-gaap Amortization Of Financing Costs
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Provision For Doubtful Accounts
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CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2017Q3 us-gaap Income Tax Expense Benefit
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CY2016Q3 us-gaap Income Tax Expense Benefit
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CY2017Q3 us-gaap Net Income Loss
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CY2016Q3 us-gaap Net Income Loss
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CY2017Q3 us-gaap Earnings Per Share Basic
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CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Inventory Write Down
InventoryWriteDown
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us-gaap Share Based Compensation
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22196000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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hees Increase Decrease In Manufacturer Flooring Plans Payable
IncreaseDecreaseInManufacturerFlooringPlansPayable
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Deferred Compensation
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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PurchasesOfRentalEquipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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hees Proceeds From Sales Of Rental Equipment
ProceedsFromSalesOfRentalEquipment
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hees Proceeds From Sales Of Rental Equipment
ProceedsFromSalesOfRentalEquipment
62259000
us-gaap Payments Of Dividends
PaymentsOfDividends
29369000
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RentalDepreciation
120700000
us-gaap Amortization Of Financing Costs
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789000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Provision For Doubtful Accounts
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us-gaap Inventory Write Down
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us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-7752000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
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us-gaap Share Based Compensation
ShareBasedCompensation
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hees Gain On Sales Of Rental Equipment Net
GainOnSalesOfRentalEquipmentNet
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us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15220000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1606000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1160000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-18549000
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-4436000
us-gaap Increase Decrease In Deferred Compensation
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-348000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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156393000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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109403000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
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us-gaap Proceeds From Secured Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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us-gaap Payments Of Dividends
PaymentsOfDividends
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us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
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hees Costs Paid To Tender And Redeem Senior Unsecured Notes
CostsPaidToTenderAndRedeemSeniorUnsecuredNotes
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us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-31217000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-5079000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1499000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-125000
CY2015Q4 us-gaap Cash
Cash
7159000
CY2016Q3 us-gaap Cash
Cash
7034000
hees Assets Transferred From New And Used Inventory To Rental Fleet
AssetsTransferredFromNewAndUsedInventoryToRentalFleet
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hees Assets Transferred From New And Used Inventory To Rental Fleet
AssetsTransferredFromNewAndUsedInventoryToRentalFleet
37958000
hees Purchase Of Property Plant And Equipment Included In Accrued Expenses Payable And Other Liabilities
PurchaseOfPropertyPlantAndEquipmentIncludedInAccruedExpensesPayableAndOtherLiabilities
-127000
hees Purchase Of Property Plant And Equipment Included In Accrued Expenses Payable And Other Liabilities
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-387000
us-gaap Interest Paid
InterestPaid
50931000
us-gaap Interest Paid
InterestPaid
50180000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
453000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
271000
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:18pt;margin-bottom:0pt;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;text-indent:2.27%;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:2.27%;">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>
CY2017Q3 hees Number Of Branch Locations
NumberOfBranchLocations
79
CY2017Q3 hees Operating Leases Include Real Estate Number Of Branch Location Located
OperatingLeasesIncludeRealEstateNumberOfBranchLocationLocated
11
CY2017Q3 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
CY2016Q3 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
CY2017Q3 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
CY2016Q3 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
CY2017Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2016Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2017Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2016Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0
CY2017Q3 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2016Q3 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2017Q3 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2016Q3 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
FairValueLiabilitiesLevel2ToLevel1TransfersAmount
0
CY2017Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2016Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2017Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
CY2016Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
CY2017Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
CY2016Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0
CY2017Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0
CY2016Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2614000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
29422000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
754000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
33954
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
400801
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
190134
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
128825
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
10504
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
451606
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
18.86
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
22.94
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
21.89
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
19.21
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
19.71
CY2017Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
5800000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M13D
CY2017Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
720000
CY2016Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
641000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2614000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2308000
CY2017Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4500
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
4500
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.27
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
19.27
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y
CY2017Q3 hees Percentage Of Restricted Shares In Outstanding Common Stock
PercentageOfRestrictedSharesInOutstandingCommonStock
0.008
hees Percentage Of Restricted Shares In Outstanding Common Stock
PercentageOfRestrictedSharesInOutstandingCommonStock
0.008
CY2016Q3 hees Percentage Of Restricted Shares In Outstanding Common Stock
PercentageOfRestrictedSharesInOutstandingCommonStock
0.008
hees Percentage Of Restricted Shares In Outstanding Common Stock
PercentageOfRestrictedSharesInOutstandingCommonStock
0.008
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.253
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.413
hees Effective Income Tax Rate Reconciliation Decrease
EffectiveIncomeTaxRateReconciliationDecrease
0.160
CY2017Q3 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
5300000
CY2017Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
900000
CY2017Q3 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
400000
us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.00375
hees Maximum Restricted Payments Including Cash Dividend And Stock Repurchases Under Credit Agreement
MaximumRestrictedPaymentsIncludingCashDividendAndStockRepurchasesUnderCreditAgreement
75000000
CY2017Q3 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.039
hees Basis Points Added To Unites States Prime Rate
BasisPointsAddedToUnitesStatesPrimeRate
0.0100
hees Basis Points Added To Libor
BasisPointsAddedToLibor
0.0200
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
5
CY2017Q3 hees Percentage Of Revenue From International Market On Aggregate Revenue
PercentageOfRevenueFromInternationalMarketOnAggregateRevenue
0.001
CY2016Q3 hees Percentage Of Revenue From International Market On Aggregate Revenue
PercentageOfRevenueFromInternationalMarketOnAggregateRevenue
0.003
hees Percentage Of Revenue From International Market On Aggregate Revenue
PercentageOfRevenueFromInternationalMarketOnAggregateRevenue
0.003
hees Percentage Of Revenue From International Market On Aggregate Revenue
PercentageOfRevenueFromInternationalMarketOnAggregateRevenue
0.004
CY2017Q3 hees Number Of Major Customers
NumberOfMajorCustomers
0
CY2016Q3 hees Number Of Major Customers
NumberOfMajorCustomers
0
hees Number Of Major Customers
NumberOfMajorCustomers
0
hees Number Of Major Customers
NumberOfMajorCustomers
0
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
630000000

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