$MGRC
MCGRATH RENTCORP

2023 Q3 Form 10-Q Financial Statement

#000095017023035123 Filed on July 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $243.5M $203.0M
YoY Change 21.43% 14.69%
Cost Of Revenue $132.0M $108.4M
YoY Change 18.79% 9.3%
Gross Profit $111.5M $94.61M
YoY Change 24.7% 21.55%
Gross Profit Margin 45.8% 46.6%
Selling, General & Admin $48.51M $47.03M
YoY Change 10.01% 15.29%
% of Gross Profit 43.49% 49.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.80M $27.37M
YoY Change -4.0% -1.45%
% of Gross Profit 24.03% 28.93%
Operating Expenses $48.51M $47.03M
YoY Change 10.01% 15.29%
Operating Profit $66.59M $47.58M
YoY Change 46.84% 28.44%
Interest Expense -$11.10M -$9.963M
YoY Change 151.53% 213.1%
% of Operating Profit -16.67% -20.94%
Other Income/Expense, Net
YoY Change
Pretax Income $55.52M $37.62M
YoY Change 35.63% 11.08%
Income Tax $15.15M $9.669M
% Of Pretax Income 27.29% 25.7%
Net Earnings $40.37M $30.58M
YoY Change 32.06% 17.01%
Net Earnings / Revenue 16.58% 15.06%
Basic Earnings Per Share $1.65 $1.25
Diluted Earnings Per Share $1.65 $1.24
COMMON SHARES
Basic Shares Outstanding 24.48M 24.48M
Diluted Shares Outstanding 24.53M 24.51M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.900M $2.205M
YoY Change 21.72% 152.29%
Cash & Equivalents $1.946M $2.205M
Short-Term Investments
Other Short-Term Assets $80.90M $81.97M
YoY Change 11.96% 24.57%
Inventory
Prepaid Expenses
Receivables $224.3M $191.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $307.1M $275.8M
YoY Change 16.42% 17.88%
LONG-TERM ASSETS
Property, Plant & Equipment $1.438B $1.442B
YoY Change 16.09% 16.78%
Goodwill $323.8M $325.4M
YoY Change 144.72% 145.91%
Intangibles $67.48M $65.61M
YoY Change 58.38% 48.82%
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00
YoY Change
Total Long-Term Assets $1.830B $1.833B
YoY Change 29.4% 29.89%
TOTAL ASSETS
Total Short-Term Assets $307.1M $275.8M
Total Long-Term Assets $1.830B $1.833B
Total Assets $2.137B $2.109B
YoY Change 27.36% 28.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $223.0M $219.6M
YoY Change 43.92% 59.45%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $223.0M $219.6M
YoY Change 43.92% 59.45%
LONG-TERM LIABILITIES
Long-Term Debt $667.6M $672.6M
YoY Change 59.16% 52.37%
Other Long-Term Liabilities $105.5M $106.5M
YoY Change 14.53% 37.36%
Total Long-Term Liabilities $773.1M $779.2M
YoY Change 51.12% 50.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $223.0M $219.6M
Total Long-Term Liabilities $773.1M $779.2M
Total Liabilities $1.225B $1.229B
YoY Change 35.44% 37.52%
SHAREHOLDERS EQUITY
Retained Earnings $802.2M $773.3M
YoY Change 20.53% 19.68%
Common Stock $109.3M $107.4M
YoY Change 1.67% 1.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $911.4M $880.6M
YoY Change
Total Liabilities & Shareholders Equity $2.137B $2.109B
YoY Change 27.36% 28.18%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $40.37M $30.58M
YoY Change 32.06% 17.01%
Depreciation, Depletion And Amortization $26.80M $27.37M
YoY Change -4.0% -1.45%
Cash From Operating Activities $47.40M $35.74M
YoY Change -7.52% 17.95%
INVESTING ACTIVITIES
Capital Expenditures $48.50M $54.73M
YoY Change -222.55% -196.75%
Acquisitions
YoY Change
Other Investing Activities $17.10M $18.05M
YoY Change -23.53% -16.13%
Cash From Investing Activities -$31.30M -$36.68M
YoY Change 81.85% 4.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.40M 2.456M
YoY Change -50.63% -36.73%
NET CHANGE
Cash From Operating Activities 47.40M 35.74M
Cash From Investing Activities -31.30M -36.68M
Cash From Financing Activities -16.40M 2.456M
Net Change In Cash -300.0K 1.518M
YoY Change -136.32% -275.9%
FREE CASH FLOW
Cash From Operating Activities $47.40M $35.74M
Capital Expenditures $48.50M $54.73M
Free Cash Flow -$1.100M -$18.99M
YoY Change -101.21% -121.86%

Facts In Submission

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dei Entity Registrant Name
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McGRATH RENTCORP
dei Entity Incorporation State Country Code
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CA
dei Entity Tax Identification Number
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dei Security12b Title
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53171000
CY2023Q2 us-gaap Liabilities
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CY2022Q4 us-gaap Liabilities
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CommonStockNoParValue
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CommonStockNoParValue
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CommonStockSharesAuthorized
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CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24485000
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24485000
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2022Q4 us-gaap Common Stock Value
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CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2023Q2 us-gaap Stockholders Equity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Liabilities And Stockholders Equity
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CY2022Q4 us-gaap Liabilities And Stockholders Equity
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CY2022Q4 us-gaap Stockholders Equity
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CY2023Q1 us-gaap Net Income Loss
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CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2023Q1 us-gaap Dividends Common Stock
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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023Q1 us-gaap Stockholders Equity
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CY2023Q2 us-gaap Net Income Loss
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CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2023Q2 us-gaap Dividends Common Stock
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CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023Q2 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Stockholders Equity
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CY2022Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2022Q1 us-gaap Dividends Common Stock
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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2523000
CY2022Q2 us-gaap Dividends Common Stock
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us-gaap Profit Loss
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54958000
us-gaap Depreciation Depletion And Amortization
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55355000
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39486000
us-gaap Increase Decrease In Deferred Income Taxes
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5815000
us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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49000
us-gaap Share Based Compensation
ShareBasedCompensation
3382000
us-gaap Share Based Compensation
ShareBasedCompensation
3412000
us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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61513000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
14250000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
16093000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
208000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-168000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4000
us-gaap Amortization Of Financing Costs
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1116000
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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8504000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
25255000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Contract With Customer Liability
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9290000
us-gaap Increase Decrease In Contract With Customer Liability
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18835000
us-gaap Net Cash Provided By Used In Operating Activities
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71451000
us-gaap Net Cash Provided By Used In Operating Activities
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82043000
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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268012000
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
128088000
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11229000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6594000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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456312000
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
27410000
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
31830000
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
258885000
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15000000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6100000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22782000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22083000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
230003000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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1000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
135000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1248000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
957000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1491000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2205000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
874000
us-gaap Interest Paid Net
InterestPaidNet
16802000
us-gaap Interest Paid Net
InterestPaidNet
5821000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6931000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17078000
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
11937000
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
11009000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7612000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6906000
mgrc Goodwill Deductible For Tax Purpose Period
GoodwillDeductibleForTaxPurposePeriod
P15Y
mgrc Effective Income Tax Rate Reconciliation Combined Federal State Tax Rate
EffectiveIncomeTaxRateReconciliationCombinedFederalStateTaxRate
0.265
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
374391000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
339638000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
39174000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
34781000
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.6
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.43
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BusinessAcquisitionProFormaEarningsPerShareDiluted
1.6
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.42
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1256000
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
453000
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
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us-gaap Disposal Group Including Discontinued Operation Interest Expense
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374000
us-gaap Disposal Group Including Discontinued Operation Interest Expense
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1119000
us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
1457000
us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
8864000
mgrc Disposal Group Including Discontinued Operations Earnings Before Interest Tax Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationsEarningsBeforeInterestTaxDepreciationAndAmortization
3540000
mgrc Disposal Group Including Discontinued Operations Earnings Before Interest Tax Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationsEarningsBeforeInterestTaxDepreciationAndAmortization
14698000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
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mgrc Disposal Group Including Discontinued Operation Share Based Compensation
DisposalGroupIncludingDiscontinuedOperationShareBasedCompensation
118000
mgrc Disposal Group Including Discontinued Operation Share Based Compensation
DisposalGroupIncludingDiscontinuedOperationShareBasedCompensation
629000
mgrc Disposal Group Including Discontinued Operation Transaction Costs
DisposalGroupIncludingDiscontinuedOperationTransactionCosts
24000
mgrc Disposal Group Including Discontinued Operations Adjusted Earnings Before Interest Tax Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationsAdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
3682000
mgrc Disposal Group Including Discontinued Operations Adjusted Earnings Before Interest Tax Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationsAdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
15327000
us-gaap Revenue Performance Obligation Description Of Timing
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multiple quarters
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6600000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
11000000
mgrc Revenue Credit Period For Customers
RevenueCreditPeriodForCustomers
P30D
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
4400000
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
1100000
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
700000
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
200000
CY2023Q2 us-gaap Lease Income
LeaseIncome
140800000
us-gaap Lease Income
LeaseIncome
277400000
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
139700000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
275800000
CY2023Q2 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
1100000
us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
1600000
CY2023Q2 us-gaap Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
1000000
us-gaap Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
1400000
CY2023Q2 us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
100000
us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
200000
CY2023Q2 mgrc Revenues Including Discontinued Operation
RevenuesIncludingDiscontinuedOperation
203030000
CY2022Q2 mgrc Revenues Including Discontinued Operation
RevenuesIncludingDiscontinuedOperation
177031000
mgrc Revenues Including Discontinued Operation
RevenuesIncludingDiscontinuedOperation
376186000
mgrc Revenues Including Discontinued Operation
RevenuesIncludingDiscontinuedOperation
322404000
mgrc Products Warranty Period For Rental Equipment
ProductsWarrantyPeriodForRentalEquipment
P90D
mgrc Products Warranty Period For Equipment Manufactured
ProductsWarrantyPeriodForEquipmentManufactured
P1Y
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24479000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24360000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24448000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24323000
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
33000
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
149000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
79000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
199000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24512000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24509000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24527000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24522000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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697
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7315
CY2023Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2022Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2023Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
1309805
CY2021Q4 mgrc Goodwill Including Discontinued Operation
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132393000
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-88000
CY2022Q4 mgrc Goodwill Including Discontinued Operation
GoodwillIncludingDiscontinuedOperation
132305000
us-gaap Goodwill Acquired During Period
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218951000
mgrc Derecognition Of Goodwill Divested
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-25902000
CY2023Q2 mgrc Goodwill Including Discontinued Operation
GoodwillIncludingDiscontinuedOperation
325354000
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
81155000
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-15719000
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
65436000
CY2023Q2 mgrc Indefinite Lived Intangible Assets Gross
IndefiniteLivedIntangibleAssetsGross
171000
CY2023Q2 mgrc Indefinite Lived Intangible Assets Net
IndefiniteLivedIntangibleAssetsNet
171000
CY2023Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
81326000
CY2023Q2 mgrc Intangible Assets Accumulated Amortization Excluding Goodwill
IntangibleAssetsAccumulatedAmortizationExcludingGoodwill
-15719000
CY2023Q2 mgrc Net Intangible Asset Including Discontinued Operation
NetIntangibleAssetIncludingDiscontinuedOperation
65607000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
56680000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-21420000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
35260000
CY2022Q4 mgrc Indefinite Lived Intangible Assets Gross
IndefiniteLivedIntangibleAssetsGross
5871000
CY2022Q4 mgrc Indefinite Lived Intangible Assets Net
IndefiniteLivedIntangibleAssetsNet
5871000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
62551000
CY2022Q4 mgrc Intangible Assets Accumulated Amortization Excluding Goodwill
IntangibleAssetsAccumulatedAmortizationExcludingGoodwill
-21420000
CY2022Q4 mgrc Net Intangible Asset Including Discontinued Operation
NetIntangibleAssetIncludingDiscontinuedOperation
41131000
CY2022Q4 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
us-gaap Amortization Of Intangible Assets
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5000000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
5300000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9800000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9800000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9300000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
9100000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
7800000
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
mgrc Operating Lease Lease Income Lease Payments Including Discontinued Operation
OperatingLeaseLeaseIncomeLeasePaymentsIncludingDiscontinuedOperation
234607000
mgrc Operating Leases Income Statement Lease Related Services Revenue Including Discontinued Operation
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenueIncludingDiscontinuedOperation
63573000
mgrc Revenue From Contract With Customer Excluding Assessed Tax Including Discontinued Operation
RevenueFromContractWithCustomerExcludingAssessedTaxIncludingDiscontinuedOperation
78006000
mgrc Revenues Including Discontinued Operation
RevenuesIncludingDiscontinuedOperation
376186000
mgrc Depreciation Of Rental Equipment Including Discontinued Operation
DepreciationOfRentalEquipmentIncludingDiscontinuedOperation
45755000
mgrc Gross Profit Including Discontinued Operation
GrossProfitIncludingDiscontinuedOperation
176642000
mgrc Selling And Administrative Expenses Including Discontined Operation
SellingAndAdministrativeExpensesIncludingDiscontinedOperation
107106000
mgrc Operating Income Loss Including Discontinued Operation
OperatingIncomeLossIncludingDiscontinuedOperation
69536000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-17783000
mgrc Income Loss From Continuing And Discontinued Operations Before Income Taxes Noncontrolling Interest
IncomeLossFromContinuingAndDiscontinuedOperationsBeforeIncomeTaxesNoncontrollingInterest
51961000
us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
142400000
mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
PropertySubjectToOrAvailableForOperatingLeaseAcquisitionOrDisposition
122481000
CY2023Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
191676000
CY2023Q2 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
1848816000
CY2023Q2 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
1295650000
mgrc Operating Lease Lease Income Lease Payments Including Discontinued Operation
OperatingLeaseLeaseIncomeLeasePaymentsIncludingDiscontinuedOperation
214865000
mgrc Operating Leases Income Statement Lease Related Services Revenue Including Discontinued Operation
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenueIncludingDiscontinuedOperation
53136000
mgrc Revenue From Contract With Customer Excluding Assessed Tax Including Discontinued Operation
RevenueFromContractWithCustomerExcludingAssessedTaxIncludingDiscontinuedOperation
54403000
mgrc Revenues Including Discontinued Operation
RevenuesIncludingDiscontinuedOperation
322404000
mgrc Depreciation Of Rental Equipment Including Discontinued Operation
DepreciationOfRentalEquipmentIncludingDiscontinuedOperation
47938000
mgrc Gross Profit Including Discontinued Operation
GrossProfitIncludingDiscontinuedOperation
144326000
mgrc Selling And Administrative Expenses Including Discontined Operation
SellingAndAdministrativeExpensesIncludingDiscontinedOperation
79915000
mgrc Operating Income Loss Including Discontinued Operation
OperatingIncomeLossIncludingDiscontinuedOperation
64411000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5821000
mgrc Income Loss From Continuing And Discontinued Operations Before Income Taxes Noncontrolling Interest
IncomeLossFromContinuingAndDiscontinuedOperationsBeforeIncomeTaxesNoncontrollingInterest
58422000
us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
123010000
mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
PropertySubjectToOrAvailableForOperatingLeaseAcquisitionOrDisposition
95976000
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
167329000
CY2022Q2 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
1774291000
CY2022Q2 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
1097525000

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