CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
|
| Revenues: | ||||
| Rental | $ 117,851 | $ 116,773 | $ 232,593 | $ 234,129 |
| Sales | 8,401 | 6,342 | 16,379 | 13,233 |
| Other | 438 | 1,734 | 1,245 | 2,020 |
| Total revenues | 126,690 | 124,849 | 250,217 | 249,382 |
| Costs and expenses: | ||||
| Rental, selling and general expenses | 82,850 | 78,037 | 161,209 | 154,339 |
| Cost of sales | 5,408 | 3,678 | 10,520 | 8,289 |
| Restructuring expenses | 538 | 1,324 | 1,437 | 3,572 |
| Depreciation and amortization | 15,742 | 16,269 | 31,006 | 31,446 |
| Total costs and expenses | 104,538 | 99,308 | 204,172 | 197,646 |
| Income from operations | 22,152 | 25,541 | 46,045 | 51,736 |
| Other income (expense): | ||||
| Interest income | 16 | 16 | ||
| Interest expense | (8,807) | (8,002) | (17,209) | (16,486) |
| Debt extinguishment expense | (9,192) | (9,192) | ||
| Deferred financing costs write-off | (2,271) | (2,271) | ||
| Foreign currency exchange | (18) | (4) | (27) | (4) |
| Income before income tax provision | 13,343 | 6,072 | 28,825 | 23,783 |
| Income tax provision | 4,566 | 2,000 | 9,896 | 8,713 |
| Net income | $ 8,777 | $ 4,072 | $ 18,929 | $ 15,070 |
| Earnings per share: | ||||
| Basic | $ 0.20 | $ 0.09 | $ 0.43 | $ 0.34 |
| Diluted | $ 0.20 | $ 0.09 | $ 0.43 | $ 0.34 |
| Weighted average number of common and common share equivalents outstanding: | ||||
| Basic | 43,944 | 44,132 | 44,026 | 44,175 |
| Diluted | 44,025 | 44,505 | 44,183 | 44,420 |
| Cash dividends declared per share | $ 0.23 | $ 0.21 | $ 0.45 | $ 0.41 |