$MGRC
MCGRATH RENTCORP

2019 Q2 Form 10-Q Financial Statement

#000156459019027013 Filed on July 30, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $127.4M $117.0M
YoY Change 8.94% 6.75%
Cost Of Revenue $67.56M $63.06M
YoY Change 7.14% 393.47%
Gross Profit $59.88M $53.93M
YoY Change 11.04% 9.59%
Gross Profit Margin 46.99% 46.1%
Selling, General & Admin $30.82M $29.48M
YoY Change 4.53% 7.59%
% of Gross Profit 51.46% 54.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.00M $20.40M
YoY Change 7.84% 5.15%
% of Gross Profit 36.74% 37.83%
Operating Expenses $30.82M $29.48M
YoY Change 4.53% 7.98%
Operating Profit $29.07M $24.45M
YoY Change 18.88% 11.92%
Interest Expense -$3.100M -$3.300M
YoY Change -6.06% 13.79%
% of Operating Profit -10.67% -13.5%
Other Income/Expense, Net
YoY Change
Pretax Income $25.97M $21.11M
YoY Change 23.02% 11.62%
Income Tax $6.477M $5.194M
% Of Pretax Income 24.95% 24.61%
Net Earnings $19.49M $15.91M
YoY Change 22.47% 38.84%
Net Earnings / Revenue 15.29% 13.6%
Basic Earnings Per Share $0.80 $0.66
Diluted Earnings Per Share $0.79 $0.65
COMMON SHARES
Basic Shares Outstanding 24.25M 24.15M
Diluted Shares Outstanding 24.58M 24.58M

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.500M $4.500M
YoY Change -66.67% 136.84%
Cash & Equivalents $1.496M
Short-Term Investments
Other Short-Term Assets $53.10M $37.40M
YoY Change 41.98% 8.72%
Inventory
Prepaid Expenses
Receivables $121.0M $105.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $175.6M $147.0M
YoY Change 19.46% 10.69%
LONG-TERM ASSETS
Property, Plant & Equipment $126.9M $998.1M
YoY Change -87.29% 745.01%
Goodwill $27.81M
YoY Change
Intangibles $6.807M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.105B $1.033B
YoY Change 6.91% 1.56%
TOTAL ASSETS
Total Short-Term Assets $175.6M $147.0M
Total Long-Term Assets $1.105B $1.033B
Total Assets $1.280B $1.180B
YoY Change 8.48% 2.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $109.4M $89.10M
YoY Change 22.78% 8.26%
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 $109.4M $89.10M
YoY Change 22.78% 8.26%
LONG-TERM LIABILITIES
Long-Term Debt $301.9M $314.9M
YoY Change -4.13% -4.66%
Other Long-Term Liabilities $66.60M $44.10M
YoY Change 51.02% 3.76%
Total Long-Term Liabilities $368.5M $359.0M
YoY Change 2.65% -3.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $109.4M $89.10M
Total Long-Term Liabilities $368.5M $359.0M
Total Liabilities $687.9M $643.0M
YoY Change 6.99% -14.01%
SHAREHOLDERS EQUITY
Retained Earnings $487.4M
YoY Change
Common Stock $105.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $592.3M $537.2M
YoY Change
Total Liabilities & Shareholders Equity $1.280B $1.180B
YoY Change 8.48% 2.62%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $19.49M $15.91M
YoY Change 22.47% 38.84%
Depreciation, Depletion And Amortization $22.00M $20.40M
YoY Change 7.84% 5.15%
Cash From Operating Activities $45.50M $22.60M
YoY Change 101.33% -4.24%
INVESTING ACTIVITIES
Capital Expenditures -$57.80M -$38.30M
YoY Change 50.91% 12.65%
Acquisitions
YoY Change
Other Investing Activities $9.100M $11.50M
YoY Change -20.87% 8.49%
Cash From Investing Activities -$48.70M -$26.80M
YoY Change 81.72% 14.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.300M 4.200M
YoY Change -21.43%
NET CHANGE
Cash From Operating Activities 45.50M 22.60M
Cash From Investing Activities -48.70M -26.80M
Cash From Financing Activities 3.300M 4.200M
Net Change In Cash 100.0K -0.0000000009313
YoY Change -10737418240000000.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities $45.50M $22.60M
Capital Expenditures -$57.80M -$38.30M
Free Cash Flow $103.3M $60.90M
YoY Change 69.62% 5.73%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
9168000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
9875000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
86000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-376000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
15000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
373000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-596000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
21246000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
14938000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
18468000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-365000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
16909000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4854000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-3337000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-388000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
91987000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53765000
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
90701000
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
58662000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3961000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6417000
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
18280000
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
19212000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76382000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-45867000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
3309000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
31431000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
20000000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1563000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2792000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17337000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
14501000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15591000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5862000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-26000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-53000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1983000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1508000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2501000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1496000
us-gaap Interest Paid Net
InterestPaidNet
6210000
us-gaap Interest Paid Net
InterestPaidNet
6123000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6173000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11675000
CY2019Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
9163000
CY2018Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
8267000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8930000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7201000
CY2018Q2 us-gaap Revenues
Revenues
116983000
mgrc Revenue Credit Period For Customers
RevenueCreditPeriodForCustomers
P30D
CY2019Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
600000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4000000.0
CY2019Q2 us-gaap Revenues
Revenues
127439000
us-gaap Revenues
Revenues
249447000
us-gaap Revenues
Revenues
222068000
mgrc Products Warranty Period For Rental Equipment
ProductsWarrantyPeriodForRentalEquipment
P90D
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The Company leases real estate for certain of its branch offices and rental equipment storage yards, vehicles and equipment used in its rental operations. The Company determines if an arrangement is a lease at inception. The Company has leases with lease and non-lease components, which are accounted for separately.
us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
These leases include one or more options to renew, with renewal terms that may extend the lease term from one to three years.
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10200000
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
10200000
CY2019Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
900000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1900000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
100000
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
100000
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M18D
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0459
us-gaap Sublease Income
SubleaseIncome
0
CY2019Q2 us-gaap Sublease Income
SubleaseIncome
0
CY2019Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
0
us-gaap Operating Lease Payments
OperatingLeasePayments
1785000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1582000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1621000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2863000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2411000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1762000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1332000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1208000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11197000
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1007000
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
10190000
us-gaap Lessor Operating Lease Description
LessorOperatingLeaseDescription
The Company’s equipment rentals for each of its operating segments are governed by agreements that detail the lease terms and conditions.  The determination of whether these contracts with customers contain a lease generally does not require significant judgement.  The Company accounts for these rentals as operating leases.
us-gaap Lessor Operating Lease Option To Extend
LessorOperatingLeaseOptionToExtend
Initial lease terms vary in length based upon customer needs and generally range from one to sixty months.
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
56096000
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
49265000
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
17315000
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
4119000
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
873000
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
223000
CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
127891000
CY2019Q2 us-gaap Lease Income
LeaseIncome
101400000
us-gaap Lease Income
LeaseIncome
196900000
CY2019Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
100600000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
195300000
CY2019Q2 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
800000
us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
1600000
CY2019Q2 us-gaap Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
1400000
CY2019Q2 us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
200000
CY2019Q2 us-gaap Direct Financing Lease Lease Receivable
DirectFinancingLeaseLeaseReceivable
2739000
CY2019Q2 us-gaap Direct Financing Lease Deferred Selling Profit
DirectFinancingLeaseDeferredSellingProfit
263000
CY2019Q2 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
2476000
CY2019Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
1430000
CY2019Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
896000
CY2019Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
335000
CY2019Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
78000
CY2019Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
2739000
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24246000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24145000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24221000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24106000
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
333000
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
439000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
340000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
443000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24579000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24584000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24561000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24549000
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2019Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
5871000
CY2018Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
5871000
CY2019Q2 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
9849000
CY2018Q4 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
9849000
CY2019Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
15720000
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
15720000
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8913000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8466000
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6807000
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7254000
CY2018 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
300000
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
100000
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
100000
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
100000
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
100000
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
100000
CY2019Q2 mgrc Finite Lived Intangible Assets Amortization Expense After Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearSix
100000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
170801000
mgrc Operating Leases Income Statement Lease Related Services Revenue
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue
45922000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32724000
us-gaap Revenues
Revenues
249447000
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
38687000
us-gaap Gross Profit
GrossProfit
116886000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
60510000
us-gaap Operating Income Loss
OperatingIncomeLoss
56376000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6246000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50216000
mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
PropertySubjectToOrAvailableForOperatingLeaseAcquisitionOrDisposition
89940000
CY2019Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
121018000
CY2019Q2 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
1477286000
CY2019Q2 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
943152000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
151528000
mgrc Operating Leases Income Statement Lease Related Services Revenue
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue
36917000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33623000
us-gaap Revenues
Revenues
222068000
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
35880000
us-gaap Gross Profit
GrossProfit
104098000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
57607000
us-gaap Operating Income Loss
OperatingIncomeLoss
46491000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5991000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
40124000
mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
PropertySubjectToOrAvailableForOperatingLeaseAcquisitionOrDisposition
59458000
CY2018Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
105095000
CY2018Q2 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
1379579000
CY2018Q2 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
876522000

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