|
Condensed Consolidating Statements of Cash Flows (Detail) (USD $)
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Cash Flows from Operating Activities: |
|
|
| Net income |
$ (27,326,000) |
$ 7,440,000 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Asset impairment charge |
64,726,000 |
283,000 |
| Provision for doubtful accounts |
1,169,000 |
547,000 |
| Amortization of deferred financing costs |
789,000 |
703,000 |
| Amortization of long-term liabilities |
25,000 |
41,000 |
| Share-based compensation expense |
3,250,000 |
4,164,000 |
| Depreciation and amortization |
15,539,000 |
9,145,000 |
| Gain on sale of rental fleet units |
(1,972,000) |
(1,711,000) |
| Loss on disposal of property, plant and equipment |
335,000 |
72,000 |
| Deferred income taxes |
(18,233,000) |
3,954,000 |
| Foreign currency loss |
|
1,000 |
| Changes in certain assets and liabilities, net of effect of businesses acquired: |
|
|
| Receivables |
(636,000) |
778,000 |
| Inventories |
157,000 |
228,000 |
| Deposits and prepaid expenses |
446,000 |
(1,276,000) |
| Other assets and intangibles |
9,000 |
(5,000) |
| Accounts payable |
1,033,000 |
3,061,000 |
| Accrued liabilities |
(839,000) |
(613,000) |
| Net cash provided by operating activities |
38,472,000 |
26,812,000 |
| Cash Flows from Investing Activities: |
|
|
| Cash paid for businesses, net of cash acquired |
(1,200,000) |
(4,217,000) |
| Additions to rental fleet |
(10,480,000) |
(4,078,000) |
| Proceeds from sale of rental fleet units |
4,842,000 |
5,627,000 |
| Additions to property, plant and equipment |
(4,241,000) |
(2,628,000) |
| Proceeds from sale of property, plant and equipment |
607,000 |
908,000 |
| Net cash used in investing activities |
(10,472,000) |
(4,388,000) |
| Cash Flows from Financing Activities: |
|
|
| Net borrowings (repayments) under lines of credit |
(4,137,000) |
(16,307,000) |
| Deferred financing costs |
(100,000) |
|
| Principal payments on capital lease obligations |
(849,000) |
(367,000) |
| Issuance of common stock |
32,000 |
1,949,000 |
| Dividend payments |
(8,509,000) |
(7,849,000) |
| Purchase of treasury stock |
(15,284,000) |
(407,000) |
| Net cash (used in) provided by financing activities |
(28,847,000) |
(22,981,000) |
| Effect of exchange rate changes on cash |
156,000 |
(132,000) |
| Net (decrease) increase in cash |
(691,000) |
(689,000) |
| Cash and cash equivalents at beginning of period |
3,739,000 |
1,256,000 |
| Cash and cash equivalents at end of period |
3,048,000 |
567,000 |
| Eliminations |
|
|
| Changes in certain assets and liabilities, net of effect of businesses acquired: |
|
|
| Intercompany |
161,000 |
|
| Net cash provided by operating activities |
161,000 |
|
| Cash Flows from Financing Activities: |
|
|
| Net borrowings (repayments) under lines of credit |
(154,000) |
|
| Principal payments on capital lease obligations |
(7,000) |
|
| Net cash (used in) provided by financing activities |
(161,000) |
|
| Guarantors |
|
|
| Cash Flows from Operating Activities: |
|
|
| Net income |
(31,284,000) |
5,208,000 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Asset impairment charge |
64,726,000 |
136,000 |
| Provision for doubtful accounts |
947,000 |
453,000 |
| Amortization of deferred financing costs |
775,000 |
687,000 |
| Amortization of long-term liabilities |
25,000 |
40,000 |
| Share-based compensation expense |
3,160,000 |
3,963,000 |
| Depreciation and amortization |
13,848,000 |
7,277,000 |
| Gain on sale of rental fleet units |
(1,826,000) |
(1,500,000) |
| Loss on disposal of property, plant and equipment |
219,000 |
48,000 |
| Deferred income taxes |
(19,192,000) |
3,201,000 |
| Changes in certain assets and liabilities, net of effect of businesses acquired: |
|
|
| Receivables |
188,000 |
1,404,000 |
| Inventories |
(75,000) |
285,000 |
| Deposits and prepaid expenses |
348,000 |
(1,416,000) |
| Other assets and intangibles |
9,000 |
(178,000) |
| Accounts payable |
751,000 |
1,123,000 |
| Accrued liabilities |
(467,000) |
(350,000) |
| Intercompany |
683,000 |
756,000 |
| Net cash provided by operating activities |
32,835,000 |
21,137,000 |
| Cash Flows from Investing Activities: |
|
|
| Cash paid for businesses, net of cash acquired |
|
(4,217,000) |
| Additions to rental fleet |
(5,745,000) |
(1,834,000) |
| Proceeds from sale of rental fleet units |
4,268,000 |
4,781,000 |
| Additions to property, plant and equipment |
(3,307,000) |
(2,393,000) |
| Proceeds from sale of property, plant and equipment |
243,000 |
708,000 |
| Net cash used in investing activities |
(4,541,000) |
(2,955,000) |
| Cash Flows from Financing Activities: |
|
|
| Net borrowings (repayments) under lines of credit |
(4,602,000) |
(10,773,000) |
| Deferred financing costs |
(100,000) |
|
| Principal payments on capital lease obligations |
(828,000) |
(367,000) |
| Issuance of common stock |
32,000 |
1,949,000 |
| Dividend payments |
(8,509,000) |
(7,849,000) |
| Purchase of treasury stock |
(15,284,000) |
(407,000) |
| Net cash (used in) provided by financing activities |
(29,291,000) |
(17,447,000) |
| Net (decrease) increase in cash |
(997,000) |
735,000 |
| Cash and cash equivalents at beginning of period |
2,977,000 |
(190,000) |
| Cash and cash equivalents at end of period |
1,980,000 |
545,000 |
| Non-Guarantors |
|
|
| Cash Flows from Operating Activities: |
|
|
| Net income |
3,958,000 |
2,232,000 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Asset impairment charge |
|
147,000 |
| Provision for doubtful accounts |
222,000 |
94,000 |
| Amortization of deferred financing costs |
14,000 |
16,000 |
| Amortization of long-term liabilities |
|
1,000 |
| Share-based compensation expense |
90,000 |
201,000 |
| Depreciation and amortization |
1,691,000 |
1,868,000 |
| Gain on sale of rental fleet units |
(146,000) |
(211,000) |
| Loss on disposal of property, plant and equipment |
116,000 |
24,000 |
| Deferred income taxes |
959,000 |
753,000 |
| Foreign currency loss |
|
1,000 |
| Changes in certain assets and liabilities, net of effect of businesses acquired: |
|
|
| Receivables |
(824,000) |
(626,000) |
| Inventories |
232,000 |
(57,000) |
| Deposits and prepaid expenses |
98,000 |
140,000 |
| Other assets and intangibles |
|
173,000 |
| Accounts payable |
282,000 |
1,938,000 |
| Accrued liabilities |
(372,000) |
(263,000) |
| Intercompany |
(844,000) |
(756,000) |
| Net cash provided by operating activities |
5,476,000 |
5,675,000 |
| Cash Flows from Investing Activities: |
|
|
| Cash paid for businesses, net of cash acquired |
(1,200,000) |
|
| Additions to rental fleet |
(4,735,000) |
(2,244,000) |
| Proceeds from sale of rental fleet units |
574,000 |
846,000 |
| Additions to property, plant and equipment |
(934,000) |
(235,000) |
| Proceeds from sale of property, plant and equipment |
364,000 |
200,000 |
| Net cash used in investing activities |
(5,931,000) |
(1,433,000) |
| Cash Flows from Financing Activities: |
|
|
| Net borrowings (repayments) under lines of credit |
619,000 |
(5,534,000) |
| Principal payments on capital lease obligations |
(14,000) |
|
| Net cash (used in) provided by financing activities |
605,000 |
(5,534,000) |
| Effect of exchange rate changes on cash |
156,000 |
(132,000) |
| Net (decrease) increase in cash |
306,000 |
(1,424,000) |
| Cash and cash equivalents at beginning of period |
762,000 |
1,446,000 |
| Cash and cash equivalents at end of period |
$ 1,068,000 |
$ 22,000 |