$MGRC
MCGRATH RENTCORP

2024 Q2 Form 10-Q Financial Statement

#000095017024048261 Filed on April 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $212.6M $187.8M $221.6M
YoY Change 4.72% 14.73% 5.08%
Cost Of Revenue $109.2M $94.56M $111.5M
YoY Change 0.72% 9.51% 3.46%
Gross Profit $103.4M $93.27M $110.1M
YoY Change 9.31% 20.55% 6.77%
Gross Profit Margin 48.64% 49.66% 49.7%
Selling, General & Admin $61.37M $59.82M $54.51M
YoY Change 30.5% 4.03% 15.16%
% of Gross Profit 59.34% 64.14% 49.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.94M $27.19M $27.58M
YoY Change -1.55% -1.46% -1.77%
% of Gross Profit 26.05% 29.15% 25.04%
Operating Expenses $61.37M $59.82M $54.51M
YoY Change 30.5% 4.03% 15.16%
Operating Profit $42.05M $33.45M $55.61M
YoY Change -11.64% 68.35% -0.35%
Interest Expense -$13.07M -$12.84M $144.0K
YoY Change 31.17% 77.34% -102.8%
% of Operating Profit -31.08% -38.37% 0.26%
Other Income/Expense, Net
YoY Change
Pretax Income $28.98M $29.90M $55.76M
YoY Change -22.98% 136.68% 10.05%
Income Tax $8.359M $7.047M $11.68M
% Of Pretax Income 28.85% 23.57% 20.94%
Net Earnings $20.62M $22.85M $44.08M
YoY Change -32.58% -68.11% 11.21%
Net Earnings / Revenue 9.7% 12.16% 19.89%
Basic Earnings Per Share $0.84 $0.93
Diluted Earnings Per Share $0.84 $0.93 $1.31
COMMON SHARES
Basic Shares Outstanding 24.55M 24.50M 24.49M
Diluted Shares Outstanding 24.56M 24.56M

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.396M $1.912M $877.0K
YoY Change 326.12% 177.1% -8.36%
Cash & Equivalents $9.396M $1.912M $877.0K
Short-Term Investments
Other Short-Term Assets $81.55M $82.07M $102.8M
YoY Change -0.51% 1.96% 43.9%
Inventory $28.21M $24.55M $15.43M
Prepaid Expenses
Receivables $217.4M $212.0M $227.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $336.5M $320.5M $331.0M
YoY Change 22.0% 24.13% 26.15%
LONG-TERM ASSETS
Property, Plant & Equipment $1.599B $1.558B $169.1M
YoY Change 10.88% 10.35% 17.49%
Goodwill $323.2M $323.2M $323.2M
YoY Change -0.65% -0.18% 144.3%
Intangibles $59.45M $62.02M $64.59M
YoY Change -9.38% -8.87% 57.03%
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $1.982B $1.943B $1.886B
YoY Change 8.1% 7.74% 30.5%
TOTAL ASSETS
Total Short-Term Assets $336.5M $320.5M $331.0M
Total Long-Term Assets $1.982B $1.943B $1.886B
Total Assets $2.318B $2.263B $2.217B
YoY Change 9.92% 9.79% 29.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.13M $57.16M $167.5M
YoY Change -66.7% -73.93% 4.16%
Accrued Expenses $108.9M $95.73M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $182.1M $152.9M $167.5M
YoY Change -17.1% -30.27% 4.16%
LONG-TERM LIABILITIES
Long-Term Debt $794.3M $798.6M $763.0M
YoY Change 18.08% 21.22% 84.41%
Other Long-Term Liabilities $134.6M $122.7M $111.4M
YoY Change 26.38% 22.34% 35.2%
Total Long-Term Liabilities $928.9M $921.3M $874.4M
YoY Change 19.22% 21.37% 76.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $182.1M $152.9M $167.5M
Total Long-Term Liabilities $928.9M $921.3M $874.4M
Total Liabilities $1.364B $1.320B $1.283B
YoY Change 11.04% 9.84% 41.99%
SHAREHOLDERS EQUITY
Retained Earnings $842.7M $833.8M $822.8M
YoY Change 8.98% 10.56% 18.57%
Common Stock $111.6M $109.2M $111.1M
YoY Change 3.94% 3.57% 0.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $954.2M $943.0M $933.8M
YoY Change
Total Liabilities & Shareholders Equity $2.318B $2.263B $2.217B
YoY Change 9.92% 9.79% 29.83%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $20.62M $22.85M $44.08M
YoY Change -32.58% -68.11% 11.21%
Depreciation, Depletion And Amortization $26.94M $27.19M $27.58M
YoY Change -1.55% -1.46% -1.77%
Cash From Operating Activities $79.21M $59.42M -$23.56M
YoY Change 121.63% 66.39% -138.53%
INVESTING ACTIVITIES
Capital Expenditures $71.55M $103.9M $85.87M
YoY Change 30.74% 1415.5% 33.51%
Acquisitions
YoY Change
Other Investing Activities $15.78M $25.81M $25.60M
YoY Change -12.58% -114.42% 30.04%
Cash From Investing Activities -$55.77M -$78.11M -$60.37M
YoY Change 52.06% -70.36% 35.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.95M 19.73M 82.84M
YoY Change -749.55% -91.33% -584.28%
NET CHANGE
Cash From Operating Activities 79.21M 59.42M -23.56M
Cash From Investing Activities -55.77M -78.11M -60.37M
Cash From Financing Activities -15.95M 19.73M 82.84M
Net Change In Cash 7.484M 1.035M -1.089M
YoY Change 393.02% -487.64% 80.9%
FREE CASH FLOW
Cash From Operating Activities $79.21M $59.42M -$23.56M
Capital Expenditures $71.55M $103.9M $85.87M
Free Cash Flow $7.657M -$44.50M -$109.4M
YoY Change -140.32% -254.22% 3337.79%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000752714
CY2024Q1 dei Document Type
DocumentType
10-Q
CY2024Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2024Q1 dei Document Period End Date
DocumentPeriodEndDate
2024-03-31
CY2024Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2024Q1 dei Entity File Number
EntityFileNumber
000-13292
CY2024Q1 dei Entity Registrant Name
EntityRegistrantName
McGRATH RENTCORP
CY2024Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
CA
CY2024Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
94-2579843
CY2024Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
5700 Las Positas Road
CY2024Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Livermore
CY2024Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
CY2024Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
94551-7800
CY2024Q1 dei City Area Code
CityAreaCode
925
CY2024Q1 dei Local Phone Number
LocalPhoneNumber
606-9200
CY2024Q1 dei Security12b Title
Security12bTitle
Common Stock
CY2024Q1 dei Trading Symbol
TradingSymbol
MGRC
CY2024Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2024Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2024Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2024Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024Q1 dei Entity Shell Company
EntityShellCompany
false
CY2024Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
24548743
CY2024Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
120332000
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
110247000
CY2024Q1 mgrc Operating Leases Income Statement Lease Related Services Revenue
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue
29580000
CY2023Q1 mgrc Operating Leases Income Statement Lease Related Services Revenue
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue
27132000
CY2024Q1 mgrc Operating Lease Lease And Related Services Income
OperatingLeaseLeaseAndRelatedServicesIncome
149912000
CY2023Q1 mgrc Operating Lease Lease And Related Services Income
OperatingLeaseLeaseAndRelatedServicesIncome
137379000
CY2024Q1 us-gaap Revenues
Revenues
187827000
CY2023Q1 us-gaap Revenues
Revenues
163718000
CY2024Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
22366000
CY2023Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
21833000
CY2024Q1 mgrc Cost Of Rental Related Services
CostOfRentalRelatedServices
20786000
CY2023Q1 mgrc Cost Of Rental Related Services
CostOfRentalRelatedServices
19268000
CY2024Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
29010000
CY2023Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
31135000
CY2024Q1 mgrc Direct Costs Of Rental Operations
DirectCostsOfRentalOperations
72162000
CY2023Q1 mgrc Direct Costs Of Rental Operations
DirectCostsOfRentalOperations
72236000
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
22397000
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
14115000
CY2024Q1 us-gaap Cost Of Revenue
CostOfRevenue
94559000
CY2023Q1 us-gaap Cost Of Revenue
CostOfRevenue
86351000
CY2024Q1 us-gaap Gross Profit
GrossProfit
93268000
CY2023Q1 us-gaap Gross Profit
GrossProfit
77367000
CY2024Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
59818000
CY2023Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
57498000
CY2024Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
9281000
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
42731000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
19869000
CY2024Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
12704000
CY2023Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
7464000
CY2024Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-132000
CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
226000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29895000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12631000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7047000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1113000
CY2024Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
22848000
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
11518000
CY2023Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
1709000
CY2023Q1 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
453000
CY2023Q1 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
58883000
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
60139000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
22848000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
71657000
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.93
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.47
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.93
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.47
CY2023Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
2.46
CY2023Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
2.45
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.93
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.92
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24513000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24416000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24564000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24542000
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.475
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.465
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
22848000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
71657000
CY2024Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
67000
CY2023Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-18000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22915000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
71639000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1912000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
877000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2819000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2801000
CY2024Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
211950000
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
227368000
CY2024Q1 mgrc Relocatable Modular Buildings
RelocatableModularBuildings
1345919000
CY2023Q4 mgrc Relocatable Modular Buildings
RelocatableModularBuildings
1291093000
CY2024Q1 mgrc Portable Storage Containers
PortableStorageContainers
240517000
CY2023Q4 mgrc Portable Storage Containers
PortableStorageContainers
236123000
CY2024Q1 mgrc Electronic Test Equipment
ElectronicTestEquipment
370641000
CY2023Q4 mgrc Electronic Test Equipment
ElectronicTestEquipment
377587000
CY2024Q1 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
1957077000
CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
1904803000
CY2024Q1 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
588535000
CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
575480000
CY2024Q1 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
1368542000
CY2023Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
1329323000
CY2024Q1 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease After Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciation
189166000
CY2023Q4 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease After Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciation
169114000
CY2024Q1 us-gaap Inventory Net
InventoryNet
24548000
CY2023Q4 us-gaap Inventory Net
InventoryNet
15425000
CY2024Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
82066000
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
87364000
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
62020000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
64588000
CY2024Q1 us-gaap Goodwill
Goodwill
323224000
CY2023Q4 us-gaap Goodwill
Goodwill
323224000
CY2024Q1 us-gaap Assets
Assets
2263428000
CY2023Q4 us-gaap Assets
Assets
2217283000
CY2024Q1 us-gaap Notes Payable
NotesPayable
798561000
CY2023Q4 us-gaap Notes Payable
NotesPayable
762975000
CY2024Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
57162000
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
58760000
CY2024Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
95725000
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
108763000
CY2024Q1 us-gaap Deferred Revenue
DeferredRevenue
122696000
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
111428000
CY2024Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
246264000
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
241555000
CY2024Q1 us-gaap Liabilities
Liabilities
1320408000
CY2023Q4 us-gaap Liabilities
Liabilities
1283481000
CY2024Q1 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2023Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24541000
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24541000
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24496000
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24496000
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
109249000
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
111122000
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
833820000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
822796000
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-49000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-116000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
943020000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
933802000
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2263428000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2217283000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
933802000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
22848000
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2209000
CY2024Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4082000
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
11824000
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
67000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
943020000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
803945000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
71657000
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1493000
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
6086000
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
11453000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
859538000
CY2024Q1 us-gaap Profit Loss
ProfitLoss
22848000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
71657000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27187000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27590000
CY2024Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-4709000
CY2023Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
45496000
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
253000
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
744000
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2209000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1493000
CY2024Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
9281000
CY2023Q1 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
58883000
CY2024Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
7355000
CY2023Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
3089000
CY2024Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-132000
CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
226000
CY2024Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2000
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2000
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-15165000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-16209000
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9123000
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5313000
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5298000
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2032000
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
9145000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
31559000
CY2024Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-13037000
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1722000
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
11268000
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3218000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
59420000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35711000
CY2023Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
262454000
CY2024Q1 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
78641000
CY2023Q1 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
77731000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25277000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6857000
CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
453592000
CY2024Q1 mgrc Proceeds From Sales Of Used Rental Equipment
ProceedsFromSalesOfUsedRentalEquipment
13554000
CY2023Q1 mgrc Proceeds From Sales Of Used Rental Equipment
ProceedsFromSalesOfUsedRentalEquipment
12197000
CY2024Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12251000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-78113000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-263529000
CY2024Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
35584000
CY2023Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
245033000
CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4082000
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6086000
CY2024Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11774000
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11400000
CY2024Q1 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
multiple quarters
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
9700000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
50300000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
19728000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
227547000
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1035000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-267000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
877000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
957000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1912000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
690000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
14184000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
7817000
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
479000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
413000
CY2024Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
12060000
CY2023Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
11851000
CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5795000
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5697000
CY2024Q1 mgrc Goodwill Deductible For Tax Purpose Period
GoodwillDeductibleForTaxPurposePeriod
P15Y
CY2024Q1 mgrc Effective Income Tax Rate Reconciliation Combined Federal State Tax Rate
EffectiveIncomeTaxRateReconciliationCombinedFederalStateTaxRate
0.265
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Explanation
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionExplanation
The Company expects to recognize revenue for approximately one half of these unsatisfied or partially satisfied performance obligations over the next 12 months, with the remaining balance recognized thereafter.
CY2024Q1 mgrc Revenue Credit Period For Customers
RevenueCreditPeriodForCustomers
P30D
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
3200000
CY2024Q1 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
187827000
CY2023Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
171361000
CY2024Q1 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
22848000
CY2023Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
11222000
CY2024Q1 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Basic
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareBasic
0.93
CY2023Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.46
CY2024Q1 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Diluted
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareDiluted
0.93
CY2023Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.46
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1256000
CY2023Q1 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
453000
CY2023Q1 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
374000
CY2023Q1 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
1457000
CY2023Q1 mgrc Disposal Group Including Discontinued Operations Earnings Before Interest Tax Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationsEarningsBeforeInterestTaxDepreciationAndAmortization
3540000
CY2023Q1 mgrc Disposal Group Including Discontinued Operation Share Based Compensation
DisposalGroupIncludingDiscontinuedOperationShareBasedCompensation
118000
CY2023Q1 mgrc Disposal Group Including Discontinued Operation Transaction Costs
DisposalGroupIncludingDiscontinuedOperationTransactionCosts
24000
CY2023Q1 mgrc Disposal Group Including Discontinued Operations Adjusted Earnings Before Interest Tax Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationsAdjustedEarningsBeforeInterestTaxDepreciationAndAmortization
3682000
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
800000
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
400000
CY2024Q1 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
100000
CY2024Q1 us-gaap Lease Income
LeaseIncome
140200000
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
139800000
CY2024Q1 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
400000
CY2024Q1 us-gaap Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
300000
CY2024Q1 us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
100000
CY2024Q1 mgrc Revenues Including Discontinued Operation
RevenuesIncludingDiscontinuedOperation
187827000
CY2023Q1 mgrc Revenues Including Discontinued Operation
RevenuesIncludingDiscontinuedOperation
163718000
CY2024Q1 mgrc Products Warranty Period For Rental Equipment
ProductsWarrantyPeriodForRentalEquipment
P90D
CY2024Q1 mgrc Products Warranty Period For Equipment Manufactured
ProductsWarrantyPeriodForEquipmentManufactured
P1Y
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24513000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24416000
CY2024Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
51000
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
126000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24564000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24542000
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
73190
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
96241
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2024Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2024Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
1309805
CY2024Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4987000
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3806000
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
19561000
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
11619000
CY2024Q1 us-gaap Inventory Net
InventoryNet
24548000
CY2023Q4 us-gaap Inventory Net
InventoryNet
15425000
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
85773000
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-23924000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
61849000
CY2024Q1 mgrc Indefinite Lived Intangible Assets Gross
IndefiniteLivedIntangibleAssetsGross
171000
CY2024Q1 mgrc Indefinite Lived Intangible Assets Net
IndefiniteLivedIntangibleAssetsNet
171000
CY2024Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
85944000
CY2024Q1 mgrc Intangible Assets Accumulated Amortization Excluding Goodwill
IntangibleAssetsAccumulatedAmortizationExcludingGoodwill
-23924000
CY2024Q1 mgrc Net Intangible Asset Including Discontinued Operation
NetIntangibleAssetIncludingDiscontinuedOperation
62020000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
85773000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-21356000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
64417000
CY2023Q4 mgrc Indefinite Lived Intangible Assets Gross
IndefiniteLivedIntangibleAssetsGross
171000
CY2023Q4 mgrc Indefinite Lived Intangible Assets Net
IndefiniteLivedIntangibleAssetsNet
171000
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
85944000
CY2023Q4 mgrc Intangible Assets Accumulated Amortization Excluding Goodwill
IntangibleAssetsAccumulatedAmortizationExcludingGoodwill
-21356000
CY2023Q4 mgrc Net Intangible Asset Including Discontinued Operation
NetIntangibleAssetIncludingDiscontinuedOperation
64588000
CY2023Q4 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2024Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2024Q1 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2600000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2300000
CY2024Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
7700000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
10200000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9800000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9600000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8200000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
4700000
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2024Q1 mgrc Operating Lease Lease Income Lease Payments Including Discontinued Operation
OperatingLeaseLeaseIncomeLeasePaymentsIncludingDiscontinuedOperation
120332000
CY2024Q1 mgrc Operating Leases Income Statement Lease Related Services Revenue Including Discontinued Operation
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenueIncludingDiscontinuedOperation
29580000
CY2024Q1 mgrc Revenue From Contract With Customer Excluding Assessed Tax Including Discontinued Operation
RevenueFromContractWithCustomerExcludingAssessedTaxIncludingDiscontinuedOperation
37915000
CY2024Q1 mgrc Revenues Including Discontinued Operation
RevenuesIncludingDiscontinuedOperation
187827000
CY2024Q1 mgrc Depreciation Of Rental Equipment Including Discontinued Operation
DepreciationOfRentalEquipmentIncludingDiscontinuedOperation
22366000
CY2024Q1 mgrc Gross Profit Including Discontinued Operation
GrossProfitIncludingDiscontinuedOperation
93268000
CY2024Q1 mgrc Selling And Administrative Expenses Including Discontined Operation
SellingAndAdministrativeExpensesIncludingDiscontinedOperation
59818000
CY2024Q1 mgrc Other Income Including Discontinued Operation
OtherIncomeIncludingDiscontinuedOperation
9281000
CY2024Q1 mgrc Operating Income Loss Including Discontinued Operation
OperatingIncomeLossIncludingDiscontinuedOperation
42731000
CY2024Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-12704000
CY2024Q1 mgrc Income Loss From Continuing And Discontinued Operations Before Income Taxes Noncontrolling Interest
IncomeLossFromContinuingAndDiscontinuedOperationsBeforeIncomeTaxesNoncontrollingInterest
29895000
CY2024Q1 mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
PropertySubjectToOrAvailableForOperatingLeaseAcquisitionOrDisposition
67784000
CY2024Q1 mgrc Accounts Receivable Continuing And Discontinuing Operations
AccountsReceivableContinuingAndDiscontinuingOperations
211950000
CY2024Q1 mgrc Property Subject To Or Available For Operating Lease Continuing And Discontinuing Operation Gross
PropertySubjectToOrAvailableForOperatingLeaseContinuingAndDiscontinuingOperationGross
1957077000
CY2024Q1 mgrc Property Subject To Or Available For Operating Lease Continuing And Discontinuing Operation Net
PropertySubjectToOrAvailableForOperatingLeaseContinuingAndDiscontinuingOperationNet
1368542000
CY2023Q1 mgrc Operating Lease Lease Income Lease Payments Including Discontinued Operation
OperatingLeaseLeaseIncomeLeasePaymentsIncludingDiscontinuedOperation
110247000
CY2023Q1 mgrc Operating Leases Income Statement Lease Related Services Revenue Including Discontinued Operation
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenueIncludingDiscontinuedOperation
27132000
CY2023Q1 mgrc Revenue From Contract With Customer Excluding Assessed Tax Including Discontinued Operation
RevenueFromContractWithCustomerExcludingAssessedTaxIncludingDiscontinuedOperation
26339000
CY2023Q1 mgrc Revenues Including Discontinued Operation
RevenuesIncludingDiscontinuedOperation
163718000
CY2023Q1 mgrc Depreciation Of Rental Equipment Including Discontinued Operation
DepreciationOfRentalEquipmentIncludingDiscontinuedOperation
21833000
CY2023Q1 mgrc Gross Profit Including Discontinued Operation
GrossProfitIncludingDiscontinuedOperation
77367000
CY2023Q1 mgrc Selling And Administrative Expenses Including Discontined Operation
SellingAndAdministrativeExpensesIncludingDiscontinedOperation
57498000
CY2023Q1 mgrc Operating Income Loss Including Discontinued Operation
OperatingIncomeLossIncludingDiscontinuedOperation
19869000
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-7464000
CY2023Q1 mgrc Income Loss From Continuing And Discontinued Operations Before Income Taxes Noncontrolling Interest
IncomeLossFromContinuingAndDiscontinuedOperationsBeforeIncomeTaxesNoncontrollingInterest
12631000
CY2023Q1 mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
PropertySubjectToOrAvailableForOperatingLeaseAcquisitionOrDisposition
72211000
CY2023Q1 mgrc Accounts Receivable Continuing And Discontinuing Operations
AccountsReceivableContinuingAndDiscontinuingOperations
177006000
CY2023Q1 mgrc Property Subject To Or Available For Operating Lease Continuing And Discontinuing Operation Gross
PropertySubjectToOrAvailableForOperatingLeaseContinuingAndDiscontinuingOperationGross
1813885000
CY2023Q1 mgrc Property Subject To Or Available For Operating Lease Continuing And Discontinuing Operation Net
PropertySubjectToOrAvailableForOperatingLeaseContinuingAndDiscontinuingOperationNet
1267268000

Files In Submission

Name View Source Status
0000950170-24-048261-index-headers.html Edgar Link pending
0000950170-24-048261-index.html Edgar Link pending
0000950170-24-048261.txt Edgar Link pending
0000950170-24-048261-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mgrc-20240331.htm Edgar Link pending
mgrc-20240331.xsd Edgar Link pending
mgrc-ex10_1.htm Edgar Link pending
mgrc-ex15_1.htm Edgar Link pending
mgrc-ex31_1.htm Edgar Link pending
mgrc-ex31_2.htm Edgar Link pending
mgrc-ex32_1.htm Edgar Link pending
mgrc-ex32_2.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
mgrc-20240331_htm.xml Edgar Link completed
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable