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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2018	Feb. 14, 2019	Jun. 29, 2018
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Trading Symbol	HEES
Entity Registrant Name	H&E Equipment Services, Inc.
Entity Central Index Key	0001339605
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		35,754,246
Entity Public Float			$ 1,190,402,497

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Assets
Cash	$ 16,677	$ 165,878
Receivables, net of allowance for doubtful accounts of $4,094 and $3,774, respectively	201,556	176,081
Inventories, net of reserves for obsolescence of $368 and $947, respectively	104,598	75,004
Prepaid expenses and other assets	10,508	9,172
Rental equipment, net of accumulated depreciation of $582,520 and $495,940, respectively	1,141,498	904,824
Property and equipment, net of accumulated depreciation and amortization of $142,662 and $131,500, respectively	115,121	101,789
Deferred financing costs, net of accumulated amortization of $13,717 and $12,946, respectively	3,000	3,772
Intangible assets, net of accumulated amortization of $3,320 at December 31, 2018	28,380
Goodwill	105,843	31,197
Total assets	1,727,181	1,467,717
Liabilities:
Amounts due on senior secured credit facility	170,761
Accounts payable	101,840	89,781
Manufacturer flooring plans payable	23,666	22,002
Accrued expenses payable and other liabilities	73,371	65,095
Dividends payable	132	150
Senior unsecured notes, net of unaccreted discount of $3,168 and $3,644 and deferred financing costs of $2,052 and $2,268, respectively	944,780	944,088
Capital leases payable	726	1,486
Deferred income taxes	153,113	126,419
Deferred compensation payable	1,989	1,903
Total liabilities	1,470,378	1,250,924
Commitments and Contingencies (Note 13)
Stockholders’ equity:
Preferred stock, $0.01 par value, 25,000,000 shares authorized; no shares issued
Common stock, $0.01 par value, 175,000,000 shares authorized; 39,748,562 and 39,623,773 shares issued at December 31, 2018 and 2017, respectively, and 35,733,569 and 35,646,585 shares outstanding at December 31, 2018 and 2017, respectively	396	395
Additional paid-in capital	231,174	227,070
Treasury stock at cost, 4,014,993 and 3,977,188 shares of common stock held at December 31, 2018 and 2017, respectively	(63,099)	(61,749)
Retained earnings	88,332	51,077
Total stockholders’ equity	256,803	216,793
Total liabilities and stockholders’ equity	$ 1,727,181	$ 1,467,717

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivables	$ 4,094	$ 3,774
Reserves for obsolescence inventories	368	947
Accumulated depreciation, rental equipment	582,520	495,940
Accumulated depreciation and amortization, property and equipment	142,662	131,500
Accumulated amortization, deferred financing costs	13,717	12,946
Accumulated amortization, intangible assets	3,320
Unaccreted discount, net	3,168	3,644
Deferred financing costs	$ 2,052	$ 2,268
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	175,000,000	175,000,000
Common stock, shares issued	39,748,562	39,623,773
Common stock, shares outstanding	35,733,569	35,646,585
Treasury stock, shares	4,014,993	3,977,188

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Revenues	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 294,666	$ 259,162	$ 249,363	$ 226,828	$ 1,238,961	$ 1,030,019	$ 978,137
Cost of revenues:
Cost of revenues									800,427	670,111	642,526
Gross profit									438,534	359,908	335,611
Selling, general and administrative expenses									278,298	232,784	228,129
Merger costs (net of merger breakup fee proceeds)									708	(5,782)
Gain from sales of property and equipment, net									7,118	5,009	3,285
Income from operations	50,899	45,318	43,103	27,326	40,268	47,654	28,668	21,325	166,646	137,915	110,767
Other income (expense):
Interest expense									(63,707)	(54,958)	(53,604)
Loss on early extinguishment of debt						(25,400)				(25,363)
Other, net									1,724	1,750	1,867
Total other expense, net									(61,983)	(78,571)	(51,737)
Income before provision (benefit) for income taxes	34,755	28,971	27,869	13,068	27,569	7,577	15,668	8,530	104,663	59,344	59,030
Provision (benefit) for income taxes						(5,900)			28,040	(50,314)	21,858
Net income	$ 25,060	$ 21,314	$ 20,771	$ 9,478	$ 85,928	$ 8,462	$ 9,878	$ 5,390	$ 76,623	$ 109,658	$ 37,172
Net income per common share:
Basic	$ 0.70	$ 0.60	$ 0.58	$ 0.27	$ 2.41	$ 0.24	$ 0.28	$ 0.15	$ 2.15	$ 3.09	$ 1.05
Diluted	$ 0.70	$ 0.59	$ 0.58	$ 0.26	$ 2.40	$ 0.24	$ 0.28	$ 0.15	$ 2.13	$ 3.07	$ 1.05
Weighted average common shares outstanding:
Basic									35,677	35,516	35,393
Diluted									35,903	35,699	35,480
Dividends declared per common share outstanding									$ 1.10	$ 1.10	$ 1.10
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues									$ 208,453	$ 169,455	$ 162,415
Rental Expense [Member]
Cost of revenues:
Cost of revenues									89,520	77,706	71,694
Equipment Rentals [Member]
Revenues:
Revenues									592,193	479,016	445,227
Cost of revenues:
Gross profit									294,220	231,855	211,118
Equipment Rentals [Member] \| Rental Depreciation [Member]
Cost of revenues:
Cost of revenues									208,453	169,455	162,415
Equipment Rentals [Member] \| Rental Expense [Member]
Cost of revenues:
Cost of revenues									89,520	77,706	71,694
New Equipment Sales [Member]
Revenues:
Revenues									262,948	203,301	196,688
Cost of revenues:
Cost of revenues									232,057	180,702	175,556
Gross profit									30,891	22,599	21,132
Used Equipment Sales [Member]
Revenues:
Revenues									125,125	107,329	96,910
Cost of revenues:
Cost of revenues									86,052	74,132	66,738
Gross profit									39,073	33,197	30,172
Parts Sales [Member]
Revenues:
Revenues									120,454	114,253	115,989
Cost of revenues:
Cost of revenues									88,263	83,135	84,327
Gross profit									32,191	31,118	31,662
Services Revenues [Member]
Revenues:
Revenues									63,488	62,873	64,673
Cost of revenues:
Cost of revenues									21,328	21,111	21,839
Gross profit									42,160	41,762	42,834
Other [Member]
Revenues:
Revenues									74,753	63,247	58,650
Cost of revenues:
Cost of revenues									74,754	63,870	59,957
Gross profit									$ (1)	$ (623)	$ (1,307)

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings (Accumulated Deficit) [Member]
Beginning balances at Dec. 31, 2015	$ 142,588	$ 392	$ 220,879	$ (60,405)	$ (18,278)
Beginning balances, shares at Dec. 31, 2015		39,333,571
Stock-based compensation	3,037		3,037
Cash dividends declared on common stock ($1.10 per share in 2016, $1.10 per share in 2017 and $1.10 per share in 2018)	(39,101)				(39,101)
Tax deficiency associated with stock-based awards	(372)		(372)
Issuance of non-vested restricted common stock	2	$ 2
Issuance of non-vested restricted common stock, shares		163,188
Repurchases of 37,565, 37,565 and 37,805 shares of restricted common stock in 31 December 2016, 2017 and 2018 respectively	(561)			(561)
Net income	37,172				37,172
Ending Balance at Dec. 31, 2016	142,765	$ 394	223,544	(60,966)	(20,207)
Balance, Shares at Dec. 31, 2016		39,496,759
Cumulative effect adjustment for previously unrecognized excess tax benefits pursuant to the adoption of ASU 2016-09	881				881
Stock-based compensation	3,526		3,526
Cash dividends declared on common stock ($1.10 per share in 2016, $1.10 per share in 2017 and $1.10 per share in 2018)	(39,255)				(39,255)
Issuance of non-vested restricted common stock	1	$ 1
Issuance of non-vested restricted common stock, shares		127,014
Repurchases of 37,565, 37,565 and 37,805 shares of restricted common stock in 31 December 2016, 2017 and 2018 respectively	(783)			(783)
Net income	109,658				109,658
Ending Balance at Dec. 31, 2017	$ 216,793	$ 395	227,070	(61,749)	51,077
Balance, Shares at Dec. 31, 2017	39,623,773	39,623,773
Stock-based compensation	$ 4,214		4,214
Cash dividends declared on common stock ($1.10 per share in 2016, $1.10 per share in 2017 and $1.10 per share in 2018)	(39,368)				(39,368)
Issuance of non-vested restricted common stock	(109)	$ 1	(110)
Issuance of non-vested restricted common stock, shares		124,789
Repurchases of 37,565, 37,565 and 37,805 shares of restricted common stock in 31 December 2016, 2017 and 2018 respectively	(1,350)			(1,350)
Net income	76,623				76,623
Ending Balance at Dec. 31, 2018	$ 256,803	$ 396	$ 231,174	$ (63,099)	$ 88,332
Balance, Shares at Dec. 31, 2018	39,748,562	39,748,562

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Dividends declared per common share outstanding	$ 1.10	$ 1.10	$ 1.10
Retained Earnings (Accumulated Deficit) [Member]
Dividends declared per common share outstanding	$ 1.10	$ 1.10	$ 1.10
Treasury Stock [Member]
Repurchase of restricted common stock, shares	37,805	37,565	37,565

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net income	$ 76,623	$ 109,658	$ 37,172
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	24,593	23,790	27,282
Depreciation of rental equipment	208,453	169,455	162,415
Amortization of intangible assets	3,320
Amortization of deferred financing costs	1,083	1,046	1,052
Accretion of note discount, net of premium amortization	477	274	168
Provision for losses on accounts receivable	2,741	3,932	3,137
Provision for inventory obsolescence	122	161	127
Change in deferred income taxes	26,695	(50,535)	21,578
Stock-based compensation expense	4,214	3,526	3,037
Loss on early extinguishment of debt		25,363
Gain from sales of property and equipment, net	(7,118)	(5,009)	(3,285)
Gain from sales of rental equipment, net	(38,352)	(31,882)	(29,003)
Changes in operating assets and liabilities, net of acquisitions:
Receivables	(17,761)	(40,012)	4,154
Inventories	(48,230)	(31,771)	4,267
Prepaid expenses and other assets	(965)	(1,659)	2,541
Accounts payable	6,994	50,349	(27,345)
Manufacturer flooring plans payable	1,664	(8,778)	(31,653)
Accrued expenses payable and other liabilities	2,572	8,230	1,667
Deferred compensation payable	86	61	(332)
Net cash provided by operating activities	247,211	226,199	176,979
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired	(196,027)
Purchases of property and equipment	(34,960)	(22,515)	(22,895)
Purchases of rental equipment	(416,600)	(234,209)	(179,709)
Proceeds from sales of property and equipment	9,261	7,506	3,805
Proceeds from sales of rental equipment	112,086	96,143	84,389
Net cash used in investing activities	(526,240)	(153,075)	(114,410)
Cash flows from financing activities:
Purchases of treasury stock	(1,350)	(783)	(561)
Borrowings on senior secured credit facility	1,436,849	1,193,544	966,146
Payments on senior secured credit facility	(1,266,088)	(1,356,186)	(988,361)
Principal payments on senior unsecured notes due 2022		(630,000)
Costs paid to tender and redeem senior unsecured notes due 2022		(23,336)
Proceeds from issuance of senior unsecured notes due 2025		958,500
Payments of deferred financing costs	(97)	(17,278)
Dividends paid	(39,274)	(39,172)	(39,066)
Payments of capital lease obligations	(212)	(218)	(203)
Net cash provided by (used in) financing activities	129,828	85,071	(62,045)
Net increase (decrease) in cash	(149,201)	158,195	524
Cash, beginning of year	165,878	7,683	7,159
Cash, end of year	16,677	165,878	7,683
Supplemental schedule of non-cash investing and financing activities:
Accrued acquisition purchase price consideration	3,432
Non-cash asset purchases:
Assets transferred from new and used inventory to rental fleet	24,341	10,515	38,515
Purchases of property and equipment included in accrued expenses payable and other liabilities	(473)	(23)	(386)
Cash paid during the year for:
Interest	62,424	49,546	52,494
Income taxes paid (refunds received), net	$ 2,366	$ 478	$ 177

Organization and Nature of Operations

12 Months Ended

Dec. 31, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Organization and Nature of Operations

(1)	Organization and Nature of Operations

Organization

Prior to our initial public offering in February 2006, our business was conducted through H&E LLC. In connection with our initial public offering, we converted H&E LLC into H&E Equipment Services, Inc. In order to have an operating Delaware corporation as the issuer for our initial public offering, H&E Equipment Services, Inc. was formed as a Delaware corporation and wholly-owned subsidiary of H&E Holdings L.L.C. (“H&E Holdings”), and immediately prior to the closing of our initial public offering, on February 3, 2006, H&E LLC and H&E Holdings merged with and into H&E Equipment Services, Inc., which survived the reincorporation merger as the operating company. Effective February 3, 2006, H&E LLC and H&E Holdings no longer existed under operation of law pursuant to the reincorporation merger.

Nature of Operations

As one of the largest integrated equipment services companies in the United States focused on heavy construction and industrial equipment, we rent, sell and provide parts and services support for four core categories of specialized equipment: (1) hi-lift or aerial work platform equipment; (2) cranes; (3) earthmoving equipment; and (4) industrial lift trucks. By providing equipment rental, sales, on-site parts, repair and maintenance functions under one roof, we are a one-stop provider for our customers’ varied equipment needs. This full service approach provides us with multiple points of customer contact, enables us to maintain a high quality rental fleet, as well as an effective distribution channel for fleet disposal and provides cross‑selling opportunities among our new and used equipment sales, rental, parts sales and services operations.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

(2)	Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

Our consolidated financial statements include the financial position and results of operations of H&E Equipment Services, Inc. and its wholly-owned subsidiaries H&E Finance Corp., GNE Investments, Inc., Great Northern Equipment, Inc., H&E California Holding, Inc., H&E Equipment Services (California), LLC and H&E Equipment Services (Mid-Atlantic), Inc., collectively referred to herein as “we” or “us” or “our” or the “Company.”

All significant intercompany accounts and transactions have been eliminated in these consolidated financial statements. Business combinations are included in the consolidated financial statements from their respective dates of acquisition.

The nature of our business is such that short-term obligations are typically met by cash flows generated from long-term assets. Consequently, and consistent with industry practice, the accompanying consolidated balance sheets are presented on an unclassified basis.

Use of Estimates

We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America, which requires management to use its judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosures at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reported period. These assumptions and estimates could have a material effect on our condensed consolidated financial statements. Actual results may differ materially from those estimates. We review our estimates on an ongoing basis based on information currently available, and changes in facts and circumstances may cause us to revise these estimates.

Revenue Recognition

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606). Under Topic 606, revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. Entities may use a full retrospective approach or report on the cumulative effect as of the date of adoption. We adopted this standard effective January 1, 2018 using the full retrospective transition method.

As further discussed below, upon the adoption of Topic 606 on January 1, 2018, we recognize revenue in accordance with two different accounting standards: 1) Topic 606 and 2) Topic 840 (which addresses lease accounting). As discussed below in “Pronouncements Not Yet Adopted”, Topic 842 superseded Topic 840 effective January 1, 2019.

Under Topic 606, revenue from contracts with customers is measured based on the consideration specified in the contract with the customer, and excludes any sales incentives and amounts collected on behalf of third parties. A performance obligation is a promise in a contract to transfer a distinct good or service to a customer. We recognize revenue when we satisfy a performance obligation by transferring control over a product or service to a customer. The amount of revenue recognized reflects the consideration we expect to be entitled to in exchange for such products or services.

Nature of goods and services

The tables below summarize our revenues as presented in our consolidated statements of income for the years ended December 31, 2018, 2017 and 2016 by revenue type and by the applicable accounting standard (amounts in thousands).



	Year Ended December 31,
	2018			2017
	Topic 840	Topic 606	Total	Topic 840	Topic 606	Total
Rental revenues	$ 590,858	$ 1,335	$ 592,193	$ 476,978	$ 2,038	$ 479,016
New equipment sales	─	262,948	262,948	─	203,301	203,301
Used equipment sales	─	125,125	125,125	─	107,329	107,329
Parts sales	─	120,454	120,454	─	114,253	114,253
Service revenues	─	63,488	63,488	─	62,873	62,873
Other	21,693	53,060	74,753	17,791	45,456	63,247
Total revenues	$ 612,551	$ 626,410	$ 1,238,961	$ 494,769	$ 535,250	$ 1,030,019


	Year Ended December 31, 2016
	Topic 840	Topic 606	Total
Rental revenues	$ 443,148	$ 2,079	$ 445,227
New equipment sales	─	196,688	196,688
Used equipment sales	─	96,910	96,910
Parts sales	─	115,989	115,989
Service revenues	─	64,673	64,673
Other	16,199	42,451	58,650
Total revenues	$ 459,347	$ 518,790	$ 978,137

Revenues by reporting segment are presented in note 18 of our condensed consolidated financial statements, using the revenue captions reflected in our consolidated statements of income. We believe that the disaggregation of our revenues from contracts to customers as reflected above, coupled with further discussion below and the reporting segment in note 18, depicts how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors.

Lease revenues (Topic 840)

Rental Revenues: Owned equipment rentals represent revenues from renting equipment. We account for these rental contracts as operating leases. We recognize revenue from equipment rentals in the period earned, regardless of the timing of billing to customers. A rental contract includes rates for daily, weekly or monthly use, and rental revenues are earned on a daily basis as rental contracts remain outstanding. Because the rental contracts can extend across multiple reporting periods, we record unbilled rental revenues and deferred rental revenues at the end of reporting periods so rental revenues earned is appropriately stated for the periods presented.

Other: Other rental revenues primarily represent services performed by us in connection with the rental of equipment to a customer, such as fuel consumption charges, environmental fees and damage waiver insurance. Fuel consumption charges are recognized upon return of the rental equipment when fuel consumption by the customer, if any, can be measured. Income from environmental fees and damage waiver insurance policies are recognized when earned over the period the equipment is rented.

See discussion below in “Pending Accounting Pronouncements Not Yet Adopted” for the expected impact of adopting Topic 842, which became effective for us on January 1, 2019.

Revenues from contracts with customers (Topic 606)

The accounting for the types of revenues accounted for pursuant to Topic 606 are discussed below. Substantially all of our revenues under Topic 606 are recognized at a point-in-time rather than over time.

Rental revenues: An insignificant portion of our total equipment rental revenues are recognized pursuant to Topic 606 rather than pursuant to Topic 840. These revenues represent services performed by us in connection with the rental of equipment and are comprised of customer training fees on rented equipment and erection and dismantling services on rental equipment. Revenues for these services are recognized upon completion of such services. See discussion above regarding rental revenues recognized pursuant to Topic 840.

New equipment sales: Revenues from the sales of new equipment are recognized at the time of delivery to, or pick-up by, the customer, which is when the customer obtains control of the promised good.

Used equipment sales: Revenues from the sales of used equipment are recognized at the time of delivery to, or pick-up by, the customer, which is when the customer obtains control of the promised good.

Parts sales: Revenues from the sales of equipment parts are recognized at the time of pick-up by the customer for parts counter sales transactions. For parts that are shipped to a customer, we elected to use a practical expedient of Topic 606 and treat such shipping activities as fulfillment costs, thereby recognizing revenues at the time of shipment.

Services revenues: We derive our services primarily from maintenance and repair services to customers for their owned equipment. We recognize services revenues at the time such services are completed, which is when the customer obtains control of the promised service.

Other revenues: Other revenues relate primarily to hauling fees for transporting rental equipment and equipment sold to and from the customer and ancillary charges associated with equipment maintenance and repair services. Such revenues are recognized at the time the services are performed.

Receivables and contract assets and liabilities

We manage credit risk associated with our accounts receivables at the customer level. Because the same customers typically generate the revenues that are accounted for under both Topic 606 and Topic 840, the discussions below on credit risk and our allowances for doubtful accounts address our total revenues from Topic 606 and Topic 840.

We believe concentration of credit risk with respect to our receivables is limited because our customer base is comprised of a large number of geographically diverse customers. Our largest customer accounted for approximately 1.2% of total revenues for the year ended December 31, 2018 and for less than one percent of total revenues for the years ended December 31, 2017 and 2016. No single customer accounted for more than 10% of our revenues on an overall or segment basis for any of the periods presented in this Annual Report on Form 10-K. We manage credit risk through credit approvals, credit limits and other monitoring procedures.

We maintain an allowance for doubtful accounts that reflects our estimate of the amount of our receivables that we will be unable to collect. We develop our estimate of this allowance based on our historical experience with specific customers, our understanding of our current economic circumstances and our own judgment as to the likelihood of ultimate payment. Our largest exposure to doubtful accounts is in our rental operations. We perform credit evaluations of customers and establish credit limits based on reviews of our customers’ current credit information and payment histories. We believe our credit risk is somewhat mitigated by our geographically diverse customer base and our credit evaluation procedures. During the year, we write-off customer account balances when we have exhausted reasonable collection efforts and determined that the likelihood of collection is remote. Such write-offs are charged against our allowance for doubtful accounts. Bad debt expense as a percentage of total revenues for the years ended December 31, 2018, 2017 and 2016 were approximately 0.2%, 0.4% and 0.3%, respectively. The actual rate of future credit losses, however, may not be similar to past experience. Our estimate of doubtful accounts could change based on changing circumstances, including changes in the economy or in the particular circumstances of individual customers. Accordingly, we may be required to increase or decrease our allowance for doubtful accounts.

We do not have material contract assets, impairment losses associated therewith, or material contract liabilities associated with contracts with customers. Our contracts with customers do not generally result in material amounts billed to customers in excess of recognizable revenue. We did not recognize material revenues during the years ended December 31, 2018, 2017 or 2016 that was included in the contract liability balance as of the beginning of such periods.

Performance obligations

Most of our Topic 606 revenue is recognized at a point-in-time, rather than over time. Accordingly, in any particular period, we do not generally recognize a significant amount of revenue from performance obligations satisfied (or partially satisfied) in previous periods, and the amount of such revenue recognized during the years ended December 31, 2018, 2017 and 2016 was not material. We also do not expect to recognize material revenue in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of December 31, 2018.

Payment terms

Our Topic 606 revenues do not include material amounts of variable consideration. Our payment terms vary by the type and location of our customer and the products or services offered. The time between invoicing and when payment is due is not significant. Our contracts do not generally include a significant financing component. Our contracts with customers do not generally result in significant obligations associated with returns, refunds or warranties. See above for a discussion of how we manage credit risk.

Sales tax amounts collected from customers are recorded on a net basis.

Contract costs

We do not recognize any assets associated with the incremental costs of obtaining a contract with a customer (for example, a sales commission) that we expect to recover. Most of our revenue is recognized at a point-in-time or over a period of one year or less, and we use the practical expedient that allows us to recognize the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that we otherwise would have recognized is one year or less.

Contract estimates and judgments

Our revenues accounted for under Topic 606 generally do not require significant estimates or judgments as the transaction price is generally fixed and stated on our contracts. Our contracts generally do not include multiple performance obligations, and accordingly do not generally require estimates of the standalone selling price for each performance obligation. Also, our revenues do not include material amounts of variable consideration. Substantially all of our revenues are recognized at a point-in-time and the timing of the satisfaction of the applicable performance obligations is readily determinable. As noted above, our Topic 606 revenues are generally recognized at the time of delivery to, or pick-up by, the customer.

Inventories

We measure inventory at the lower of cost or net realizable value; where net realizable value is considered to be estimated selling price in the ordinary course of business, less reasonably predictable cost of completion, disposal and transportation. For new and used equipment inventories, cost is determined by specific-identification. For inventories of parts and supplies, cost is determined by using average cost.

Long-lived Assets and Goodwill

Rental Equipment

The rental equipment we purchase is stated at cost and is depreciated over the estimated useful life of the equipment using the straight-line method. Estimated useful lives vary based upon type of equipment. Generally, we depreciate cranes and aerial work platforms over a ten year estimated useful life, earthmoving equipment over a five year estimated useful life with a 25% salvage value, and industrial lift trucks over a seven year estimated useful life. Attachments and other smaller type equipment are depreciated generally over a three year estimated useful life. We periodically evaluate the appropriateness of remaining depreciable lives and any salvage value assigned to rental equipment.

Ordinary repair and maintenance costs and property taxes are charged to operations as incurred. However, expenditures for additions or improvements that significantly extend the useful life of the asset are capitalized in the period incurred. When rental equipment is sold or disposed of, the related cost and accumulated depreciation are removed from the respective accounts and any gains or losses are included in income. We receive individual offers for fleet on a continual basis, at which time we perform an analysis on whether or not to accept the offer. The rental equipment is not transferred to inventory under the held for sale model as the equipment is used to generate revenues until the equipment is sold.

Property and Equipment

Property and equipment are recorded at cost and are depreciated over the assets’ estimated useful lives using the straight-line method. Ordinary repair and maintenance costs are charged to operations as incurred. However, expenditures for additions or improvements that significantly extend the useful life of the asset are capitalized in the period incurred. At the time assets are sold or disposed of, the cost and accumulated depreciation are removed from their respective accounts and the related gains or losses are reflected in income.

We capitalize interest on qualified construction projects. Costs associated with internally developed software are accounted for in accordance with FASB Accounting Standards Codification (“ASC”) 350-40, Internal-Use Software (“ASC 350-40”), which provides guidance for the treatment of costs associated with computer software development and defines the types of costs to be capitalized and those to be expensed.

We periodically evaluate the appropriateness of remaining depreciable lives assigned to property and equipment. Leasehold improvements are amortized using the straight-line method over their estimated useful lives or the remaining term of the lease, whichever is shorter. Generally, we assign the following estimated useful lives to these categories:

Category		Estimated Useful Life
Transportation equipment		5 years
Buildings		39 years
Office equipment		5 years
Computer equipment		3 years
Machinery and equipment		7 years

In accordance with ASC 360, Property, Plant and Equipment (“ASC 360”), when events or changes in circumstances indicate that the carrying amount of our rental fleet and property and equipment might not be recoverable, the expected future undiscounted cash flows from the assets are estimated and compared with the carrying amount of the assets. If the sum of the estimated undiscounted cash flows is less than the carrying amount of the assets, an impairment loss is recorded. The impairment loss is measured by comparing the fair value of the assets with their carrying amounts. Fair value is determined based on discounted cash flows or appraised values, as appropriate. We did not record any impairment losses related to our rental equipment or property and equipment during 2018, 2017 or 2016.

Goodwill

We have made acquisitions in the past that included the recognition of goodwill, which was determined based upon previous accounting principles. Pursuant to ASC 350, Intangibles-Goodwill and Other (“ASC 350”), goodwill is recorded as the excess of the consideration transferred plus the fair value of any non-controlling interest in the acquiree at the acquisition date over the fair values of the identifiable net assets acquired.

We evaluate goodwill for impairment at least annually, or more frequently if triggering events occur or other impairment indicators arise which might impair recoverability. Impairment of goodwill is evaluated at the reporting unit level. A reporting unit is defined as an operating segment (i.e. before aggregation or combination), or one level below an operating segment (i.e. a component). A component of an operating segment is a reporting unit if the component constitutes a business for which discrete financial information is available and segment management regularly reviews the operating results of that component. We have identified two components within our Rental operating segment and have determined that each of our other operating segments (New, Used, Parts and Service) represent a reporting unit, resulting in six total reporting units.

ASC 350 allows entities to first use a qualitative approach to test goodwill for impairment. ASC 350 permits an entity to first perform a qualitative assessment to determine whether it is more likely than not (a likelihood of greater than 50%) that the fair value of a reporting unit is less than its carrying value. If it is concluded that this is the case, the currently prescribed two-step goodwill test must be performed. Otherwise, the two-step goodwill impairment test is not required. Considerable judgment is required by management in using the qualitative approach under ASC 350 to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. We performed a qualitative assessment as of October 1, 2018 and 2017, and there was no goodwill impairment.

ASC 350 suggests that a qualitative assessment may become less relevant over time. In other words, the longer it has been since the last quantitative assessment, the more difficult it could be for a company to conclude that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount. Our last quantitative assessment of goodwill impairment was as of October 1, 2016. Step 1 of that test determined that the fair values of the goodwill reporting units exceeded their respective carrying values and, therefore, Step 2 of the goodwill test was not required, as there was no goodwill impairment at October 1, 2016.

The changes in the carrying amount of goodwill for our reporting units for the years ended December 31, 2018 and 2017 were as follows (amounts in thousands):

Eq. Rental Comp. 1

Eq. Rental Comp. 2

New Eq. Sales

Used Eq. Sales

Parts Sales

Services Revenues

Total

Balance at December 31, 2016

$ ─

$ 18,700

$ ─

$ 6,137

$ 6,360

$ ─

$ 31,197

Increases (Decreases)

─

Balance at December 31, 2017

─

18,700

─

6,137

6,360

─

31,197

Increases ⁽¹⁾

34,297

23,836

10,434

2,324

2,550

1,205

74,646

Decreases

─

Balance at December 31, 2018

$ 34,297

$ 42,536

$ 10,434

$ 8,461

$ 8,910

$ 1,205

$105,843

(1) Increases are related to goodwill recognized in the CEC and Rental Inc. 2018 acquisitions. See footnote 3 for further information.

Closed Branch Facility Charges

We continuously monitor and identify branch facilities with revenues and operating margins that consistently fall below Company performance standards. Once identified, we continue to monitor these branches to determine if operating performance can be improved or if the performance is attributable to economic factors unique to the particular market with unfavorable long-term prospects. If necessary, branches with unfavorable long-term prospects are closed and the rental fleet and new and used equipment inventories are deployed to more profitable branches within our geographic footprint where demand is higher.

We closed one branch during each of the years ended December 31, 2018 and 2017 in markets where long-term prospects did not support continued operations. No branches were closed during 2016. Under ASC 420, Exit or Disposal Cost Obligations (“ASC 420”), exit costs include, but are not limited to, the following: (a) one-time termination benefits; (b) contract termination costs, including costs that will continue to be incurred under operating leases that have no future economic benefit; and (c) other associated costs. A liability for costs associated with an exit or disposal activity is recognized and measured at its fair value in the period in which the liability is incurred, except for one-time termination benefits that are incurred over time. Although we do not expect to incur material charges related to branch closures, additional charges are possible to the extent that actual future settlements differ from our estimates of such costs. Costs incurred for the one closed branch in 2018 and 2017 did not have a material impact on the Company’s consolidated financial statements. As of the date of this Annual Report on Form 10-K, the Company has not identified any other branch facilities with a more than likely probability of closing where the associated costs pursuant to ASC 420 are expected to be material.

Deferred Financing Costs and Initial Purchasers’ Discounts

Deferred financing costs include legal, accounting and other direct costs incurred in connection with the issuance and amendments thereto, of the Company’s debt. These costs are amortized over the terms of the related debt using the straight-line method which approximates amortization using the effective interest method.

Initial purchasers’ discount and bond premium is the differential between the price paid to an issuer for the new issue and the prices (below and above, respectively) at which the securities are initially offered to the investing public. The amortization expense of deferred financing costs and bond premium and accretion of initial purchasers’ discounts are included in interest expense as an overall cost of the related financings. Such costs are presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount.

Reserves for Claims

We are exposed to various claims relating to our business, including those for which we provide self-insurance. Claims for which we self-insure include: (1) workers compensation claims; (2) general liability claims by third parties for injury or property damage caused by our equipment or personnel; (3) automobile liability claims; and (4) employee health insurance claims. These types of claims may take a substantial amount of time to resolve and, accordingly, the ultimate liability associated with a particular claim, including claims incurred but not reported as of a period-end reporting date, may not be known for an extended period of time. Our methodology for developing self-insurance reserves is based on management estimates and independent third party actuarial estimates. Our estimation process considers, among other matters, the cost of known claims over time, cost inflation and incurred but not reported claims. These estimates may change based on, among other things, changes in our claim history or receipt of additional information relevant to assessing the claims. Further, these estimates may prove to be inaccurate due to factors such as adverse judicial determinations or other claim settlements at higher than estimated amounts. Accordingly, we may be required to increase or decrease our reserve levels. At December 31, 2018, our claims reserves related to workers compensation, general liability and automobile liability, which are included in “Accrued expenses and other liabilities” in our consolidated balance sheets, totaled $4.8 million and our health insurance reserves totaled $1.3 million. At December 31, 2017, our claims reserves related to workers compensation, general liability and automobile liability totaled $4.6 million and our health insurance reserves totaled $1.2 million.

Advertising

Advertising costs are expensed as incurred and totaled $0.5 million, $0.5 million and $1.0 million for the years ended December 31, 2018, 2017 and 2016, respectively.

Income Taxes

The Company files a consolidated federal income tax return with its wholly-owned subsidiaries. The Company is a C-Corporation under the provisions of the Internal Revenue Code. We utilize the asset and liability approach to measure deferred tax assets and liabilities based on temporary differences existing at each balance sheet date using currently enacted tax rates in accordance with ASC 740. ASC 740 takes into account the differences between financial statement treatment and tax treatment of certain transactions. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rate is recognized as income or expense in the period that includes the enactment date of that rate.

On December 22, 2017, the Tax Cuts and Jobs Act (the “Act”) was signed into law. Included in the Act is a reduction in the corporate statutory tax rate from 35% to 21%, effective for us on January 1, 2018. Under ASC 740, the effects of changes in tax rates and laws are recognized in the period in which the new legislation is enacted. In the case of US federal income taxes, the enactment date is the date the bill becomes law (i.e., upon presidential signature), and we recognized the impact of the Act in our consolidated financial statements for the year ended December 31, 2017. We have completed our accounting for all the tax effects of the enactment of the Act.

In accordance with ASC 740, the Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax provisions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company recognizes both interest and penalties related to uncertain tax positions in net other income (expense).

Our deferred tax calculation requires management to make certain estimates about future operations. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Fair Value of Financial Instruments

Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The FASB fair value measurement guidance established a fair value hierarchy that prioritizes the inputs used to measure fair value. The three broad levels of the fair value hierarchy are as follows:

Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities

Level 2 – Quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly

Level 3 – Unobservable inputs for which little or no market data exists, therefore requiring a company to develop its own assumptions

The carrying value of financial instruments reported in the accompanying consolidated balance sheets for cash, accounts receivable, accounts payable and accrued expenses payable and other liabilities approximate fair value due to the immediate or short-term nature or maturity of these financial instruments. The fair value of our letter of credit is based on fees currently charged for similar agreements. The carrying amounts and fair values of our other financial instruments subject to fair value disclosures as of December 31, 2018 and 2017 are presented in the table below (amounts in thousands) and have been calculated based upon market quotes and present value calculations based on market rates.

	December 31, 2018
	Carrying Amount		Fair Value
Manufacturer flooring plans payable with interest computed at 5.50% (Level 3)	$	23,666	$	19,870
Senior unsecured notes due 2025 with interest computed at 5.625% (Level 2)		944,780		871,625
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)		726		330
Letter of credit (Level 3)		—		116

	December 31, 2017
	Carrying Amount		Fair Value
Manufacturer flooring plans payable with interest computed at 4.50% (Level 3)	$	22,002	$	18,737
Senior unsecured notes due 2025 with interest computed at 5.625% (Level 3)		944,088		619,019
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)		1,486		1,114
Letter of credit (Level 3)		—		116

At December 31, 2018, the fair value of our senior unsecured notes due 2025 was based on quoted bond trading market prices for those notes. At December 31, 2017, the fair value of our senior unsecured notes due 2025 was based on our incremental borrowing rate as these notes were not available (registered) on a bond trading market as of December 31, 2017.

Concentrations of Credit and Supplier Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of trade accounts receivable. Credit risk can be negatively impacted by adverse changes in the economy or by disruptions in the credit markets. However, we believe that credit risk with respect to trade accounts receivable is somewhat mitigated by our large number of geographically diverse customers and our credit evaluation procedures. Although generally no collateral is required, when feasible, mechanics’ liens are filed and personal guarantees are signed to protect the Company’s interests. We maintain reserves for potential losses.

We record trade accounts receivables at sales value and establish specific reserves for certain customer accounts identified as known collection problems due to insolvency, disputes or other collection issues. The amounts of the specific reserves estimated by management are based on the following assumptions and variables: the customer’s financial position, age of the customer’s receivables and changes in payment schedules. In addition to the specific reserves, management establishes a non-specific allowance for doubtful accounts by applying specific percentages to the different receivable aging categories (excluding the specifically reserved accounts). The percentage applied against the aging categories increases as the accounts become further past due. The allowance for doubtful accounts is charged with the write-off of uncollectible customer accounts.

We purchase a significant amount of equipment from the same manufacturers with whom we have distribution agreements. During the year ended December 31, 2018, we purchased approximately 54% from five manufacturers (Grove/Manitowoc, Genie Industries (Terex), JCB, Komatsu, and Skyjack) providing our rental and sales equipment. We believe that while there are alternative sources of supply for the equipment we purchase in each of the principal product categories, termination of one or more of our relationships with any of our major suppliers of equipment could have a material adverse effect on our business, financial condition or results of operation if we were unable to obtain adequate or timely rental and sales equipment.

Income per Share

Income per common share for the years ended December 31, 2018, 2017 and 2016 is based on the weighted average number of common shares outstanding during the period. The effects of potentially dilutive securities that are anti-dilutive are not included in the computation of diluted income per share. We include all common shares granted under our incentive compensation plan which remain unvested (“restricted common shares”) and contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid (“participating securities”), in the number of shares outstanding in our basic and diluted EPS calculations using the two-class method. All of our restricted common shares are currently participating securities.

Under the two-class method, earnings per common share are computed by dividing the sum of distributed earnings allocated to common shareholders and undistributed earnings allocated to common shareholders by the weighted average number of common shares outstanding for the period. In applying the two-class method, distributed and undistributed earnings are allocated to both common shares and restricted common shares based on the total weighted average shares outstanding during the period. The number of restricted common shares outstanding during the years ended December 31, 2018, 2017 and 2016 were less than 1% of total outstanding shares for each of the years ended December 31, 2018, 2017 and 2016 and consequently, were immaterial to the basic and diluted EPS calculations. Therefore, use of the two-class method had no impact on our basic and diluted EPS calculations as presented for the years ended December 31, 2018, 2017 and 2016.

The following table sets forth the computation of basic and diluted net income per common share for the years ended December 31, (amounts in thousands, except per share amounts):

	2018		2017		2016
Basic net income per share:
Net income	$	76,623	$	109,658	$	37,172
Weighted average number of common shares outstanding		35,677		35,516		35,393
Net income per common share — basic	$	2.15	$	3.09	$	1.05
Diluted net income per share:
Net income	$	76,623	$	109,658	$	37,172
Weighted average number of common shares outstanding		35,677		35,516		35,393
Effect of dilutive securities:
Effect of dilutive stock options		—		—		—
Effect of dilutive non-vested stock		226		183		87
Weighted average number of common shares outstanding — diluted		35,903		35,699		35,480
Net income per common share — diluted	$	2.13	$	3.07	$	1.05
Common shares excluded from the denominator as anti-dilutive:
Stock options		—		—		4
Non-vested stock		43		—		3

Stock-Based Compensation

We adopted our 2006 Stock-Based Incentive Compensation Plan (as amended and restated from time to time, the “Prior Stock Plan”) and over the ten years prior to June 2016, we had been granting awards under our Prior Stock Plan. The Prior Stock Plan expired pursuant to its terms in June 2016, and the Company is no longer able to grant equity awards under the Prior Stock Plan. At our annual meeting of stockholders in May 2016, our stockholders approved our 2016 Stock-Based Incentive Compensation Plan (the “2016 Plan” and collectively with the Prior Stock Plan, the “Stock Plans”). To the extent that awards granted under the Prior Stock Plan are forfeited or otherwise terminate for any reason whatsoever without an actual distribution or issuance of shares, the plan limit will be increased by such number of shares. The Stock Plans are administered by the Compensation Committee of our Board of Directors, which selects persons eligible to receive awards and determines the number of shares and/or options subject to each award, the terms, conditions, performance measures, if any, and other provisions of the award. Under the Stock Incentive Plan, we may offer deferred shares or restricted shares of our common stock and grant options, including both incentive stock options and nonqualified stock options, to purchase shares of our common stock. Shares available for future stock-based payment awards under our Stock Incentive Plan were 1,734,986 shares of common stock as of December 31, 2018.

We account for our stock-based compensation plans using the fair value recognition provisions of ASC 718, Stock Compensation (“ASC 718”). Under the provisions of ASC 718, stock-based compensation is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the requisite employee service period (generally the vesting period of the grant).

Non-vested Stock

From time to time, we issue shares of non-vested stock typically with vesting terms of three years. The following table summarizes our non-vested stock activity for the years ended December 31, 2018 and 2017:

	Number of Shares			Weighted Average Grant Date Fair Value
Non-vested stock at January 1, 2017		400,801		$	18.86
Granted		190,134		$	22.94
Vested		(131,807	)	$	21.85
Forfeited		(13,164	)	$	19.50
Non-vested stock at December 31, 2017		445,964		$	19.70
Granted		143,121		$	37.10
Vested		(181,194	)	$	20.53
Forfeited		(28,332	)	$	19.61
Non-vested stock at December 31, 2018		379,559		$	25.87

As of December 31, 2018, we had unrecognized compensation expense of approximately $5.0 million related to non-vested stock award payments that we expect to be recognized over a weighted average period of 1.9 years. Stock compensation expense for the years ended December 31, 2018, 2017 and 2016 was $4.2 million, $3.5 million and $3.0 million, respectively.

Stock Options

No stock options were granted during 2018, 2017 or 2016. At December 31, 2018, we had no unrecognized compensation expense related to prior stock option awards. No stock compensation expense was recognized in 2018, 2017 or 2016 related to stock options.

The following table represents stock option activity for the years ended December 31, 2018 and 2017:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Contractual Life In Years
Outstanding options at January 1, 2017		4,500		$	19.27	0.5
Granted		—			—
Exercised		—			—
Canceled, forfeited or expired		(4,500	)		19.27
Outstanding options at December 31, 2017		—
Granted		—
Exercised		—
Canceled, forfeited or expired		—
Outstanding options at December 31, 2018		—
Options exercisable at December 31, 2018		—

Purchases of Company Common Stock

Purchases of our common stock are accounted for as treasury stock in the accompanying consolidated balance sheets using the cost method. Repurchased stock is included in authorized shares, but is not included in shares outstanding.

Segment Reporting

We have determined in accordance with ASC 280, Segment Reporting (“ASC 280”) that we have five reportable segments. We derive our revenues from five principal business activities: (1) equipment rentals; (2) new equipment sales; (3) used equipment sales; (4) parts sales; and (5) repair and maintenance services. These segments are based upon how we allocate resources and assess performance. See note 18 to the consolidated financial statements regarding our segment information.

Recent Accounting Pronouncements

Pronouncements Not Yet Adopted

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842) (“ASU 2016-02”). The new standard is intended to provide enhanced transparency and comparability by requiring lessees to record right-of-use assets and corresponding lease liabilities on the balance sheet, with the exception of leases with a term of 12 months or less, which permits a lessee to make an accounting policy election by class of underlying asset not to recognize lease assets and liabilities. At inception, lessees must classify leases as either finance or operating based on five criteria. Balance sheet recognition of finance and operating leases is similar, but the pattern of expense recognition in the income statement, as well as the effect on the classification of cash flows within the statement of cash flows, differs depending on the lease classification. Also, certain qualitative and quantitative disclosures are required to enable users of financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. Topic 842 is effective for fiscal years beginning after December 15, 2018.

Originally, Topic 842 required all entities to use a modified retrospective transition approach that is intended to maximize comparability and be less complex than a full retrospective approach. Under the modified retrospective approach, Topic 842 is effectively implemented as of the beginning of the earliest comparative period presented in an entity’s financial statements. ASU 2018-11 amended Topic 842 so that entities may elect not to recast their comparative periods in transition and allows entities to change their date of initial application to the beginning of the period of adoption. In doing so, the entity would (1) apply Topic 840 in the comparative periods; (2) provide the disclosures required by Topic 840 for all periods that continue to be presented in accordance with Topic 840; and (3) recognize the effects of applying Topic 842 as a cumulative-effect adjustment to retained earnings as of January 1, 2019. Subsequent ASU’s were issued that provided additional clarification and guidance on the application of Topic 842.

We expect to use the package of practical expedients that will allow us to not reassess: (1) whether any expired or existing contracts are or contain leases; (2) lease classification for any expired or existing leases and (3) initial direct costs for any expired or existing leases. We also will use the practical expedient as described above to reflect the adoption of Topic 842 as of January 1, 2019 without recasting prior periods. We do not expect to recognize a material adjustment to retained earnings upon adoption. We are not expecting significant changes to our internal processes and controls over financial reporting with respect to the impact that the new lease standard will have on our lease administration and financial reporting activities. Presented below is our evaluation of Topic 842 from both the lessor and lessee perspectives.

Lessee Accounting: We determine if an arrangement is a lease at inception. We lease real estate and equipment under operating leases. We lease 77 of our 89 branch locations as of December 31, 2018. Given the size of our operating lease portfolio, the new standard will have a material effect on our consolidated balance sheet as a result of recognizing new right-of-use (“ROU”) assets and lease liabilities for our existing operating leases. ROU assets represent our right to use the leased asset for the lease term and lease liabilities represent our obligation to make lease payments. Under Topic 842, operating lease ROU assets and liabilities are recognized at the lease commencement date (as defined in Topic 842) based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, upon adoption of Topic 842, we will use our estimated incremental borrowing rate at the commencement date to determine the present value of lease payments. The operating lease ROU assets will also include any lease payments made and exclude lease incentives. Our lease terms will include options to extend the lease that we are reasonably certain to exercise. Operating lease expense under Topic 842 will be recognized on a straight-line basis over the lease term. We have lease agreements with lease and non-lease components, and we expect to elect the practical expedient allowing us to account for the lease and non-lease components as a single lease component under Topic 842 for all asset classes. The adoption of Topic 842 will have a material impact on our consolidated balance sheet due to the recognition of ROU assets and lease liabilities. We do not, however, expect our operating leases to have a material impact on our consolidated statements of income or consolidated statement of cash flows. See note 13 to the consolidated financial statements related to our operating leases and related rent expense for the years ended December 31, 2018, 2017 and 2016 and future lease commitments as of December 31, 2018, as determined pursuant to the lease accounting guidance (Topic 840) in effect for the periods presented. Our capital lease obligation addressed in note 11 to the consolidated financial statements is expected to be accounted for as a finance lease upon adoption of Topic 842, and we do not expect any significant impacts to our consolidated financial statements upon adoption related to this lease. Because of the transition method we will use to adopt Topic 842, Topic 842 will not be applied to periods prior to adoption and the adoption of Topic 842 will have no impact on our previously reported results. After the adoption of Topic 842, we will first report the ROU assets and lease liabilities for our operating leases as of March 31, 2019 in our Quarterly Report on Form 10-Q based on our lease portfolio as of that date.

Lessor Accounting: Our equipment rental business involves rental contracts with customers whereby we are the lessor in the transaction and therefore, we believe that such transactions are subject to Topic 842. Based upon our analysis of Topic 842, we believe that certain ancillary fees that we charge our equipment rental customers will result in a different presentation within our consolidated statements of income upon adoption. Specifically, amounts we charge our customers for loss damage waiver fees, environmental fees and fuel recovery fees, upon adoption of Topic 842, are required to be included within our rental revenues segment rather than included in other revenues as we’ve historically presented. Likewise, we will present the related cost of goods sold for these items within our rental revenues cost of goods sold rather than included in other cost of goods sold as we’ve historically presented. While this change will not impact total consolidated revenues or total consolidated gross profit, the change will impact our rental revenues and other revenues gross margins compared to our historical gross margins. Because of the transition method we will use to adopt Topic 842, Topic 842 will not be applied to periods prior to adoption and the adoption of Topic 842 will have no impact on our previously reported results, but the comparability of our reported 2019 results compared to 2018 results will be impacted by the above-described statements of income presentation change.

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). This standard adds to U.S. GAAP an impairment model (known as the current expected credit loss (“CECL”) model) that is based on expected losses rather than incurred losses. Under the new guidance, an entity recognizes as an allowance its estimate of expected credit losses, which is intended to result in the more timely recognition of losses. Under the CECL model, entities will estimate credit losses over the entire contractual term of the instrument (considering estimated prepayments, but not expected extensions or modifications) from the date of initial recognition of the financial instrument. Measurement of expected credit losses are to be based on relevant forecasts that affect collectability. The scope of financial assets within the CECL methodology is broad and includes trade receivables from certain revenue transactions and certain off-balance sheet credit exposures. Different components of the guidance require modified retrospective or prospective adoption. ASU 2016-13 will be effective for us as of January 1, 2020. While our review is ongoing, we believe ASU 2016-13 will only have applicability to our receivables from revenue transactions, or trade receivables, except those arising from our rental revenues as ASU 2016-13 does not apply to receivables arising from operating leases. Under Topic 606, revenue is recognized when, among other criteria, it is probable that the entity will collect the consideration to which it is entitled for goods or services transferred to a customer. At the point that trade receivables are recorded, they become subject to the CECL model and estimates of expected credit losses on trade receivables over their contractual life will be required to be recorded at inception based on historical information, current conditions, and reasonable and supportable forecasts. We are currently evaluating whether the new guidance, while limited to our non-operating lease trade receivables, will have an impact on our consolidated financial statements or existing internal controls.

In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”), which removes Step 2 of the current goodwill impairment test, which was required if there was an indication that an impairment may exist, and the second step required calculating the potential impairment by comparing the implied fair value of the reporting unit’s goodwill with the carrying amount of the goodwill. Under the new guidance, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount, and then recognizing an impairment charge for the amount by which the reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of the reporting unit’s goodwill. ASU 2017-04 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2019, with early adoption permitted and requires prospective adoption. Based upon our review of ASU 2017-04, we do not expect the guidance to have a material impact on our consolidated financial statements.

In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other – Internal-Use Software (Subtopic 350-40). This update aligns the requirements for capitalizing implementation costs incurred in a cloud computing arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This update will be effective for us in the first quarter of 2020. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

Recent Accounting Pronouncements Adopted in 2018

In August 2016, the FASB issued ASU 2016-15, “Classification of Certain Cash Receipts and Cash Payments”, which aims to eliminate the diversity in the presentation of certain cash receipts and cash payments presented and classified in the statement of cash flows. The guidance addresses the following specific cash flow issues: (1) debt prepayment or debt extinguishment costs, (2) settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing, (3) contingent consideration payments made after a business combination, (4) proceeds from the settlement of insurance claims, (5) proceeds from settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, (6) distributions received from equity method investees, (7) beneficial interests in securitization transitions and (8) separately identifiable cash flows and application of predominance principle. We adopted this guidance effective January 1, 2018 and it had no impact to our condensed consolidated statement of cash flows for the periods presented in this Annual Report on Form 10-K.

In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (“ASU 2017-01”). ASU 2017-01 clarifies the definition of a business when evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects several areas of accounting, including acquisitions, disposals, goodwill and consolidation. We adopted this guidance effective January 1, 2018 and it had no impact on our condensed consolidated financial statements for the periods presented in this Annual Report on Form 10-K. The future impact of this guidance will depend on the nature of our future activities.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). Under this ASU and subsequently issued amendments, revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflect the consideration we expect to be entitled to in exchange for those goods or services. Entities may use a full retrospective approach or report on the cumulative effect as of the date of adoption. We adopted this standard effective January 1, 2018 using the full retrospective transition method.

While the adoption of the new standard did not have an impact on our reported net income for the periods presented in this Annual Report on Form 10-K, approximately $6.9 million and $6.8 million of revenues that were previously classified in Other Revenues have been reclassified to Parts Revenues for the years ended December 31, 2017 and 2016, respectively. These revenues relate to freight income associated with our parts transactions, and such income was not deemed to be a separate performance obligation under the new guidance. Accordingly, we also reclassified $5.4 million and $5.4 million of associated freight costs related to these parts transactions from Other Cost of Revenues to Parts Costs of Revenues for the years ended December 31, 2017 and 2016, respectively. We have recast our results for the prior years ended December 31, 2017 and 2016 as shown in the tables below (amounts in thousands) pursuant to the adoption of Topic 606 using the full retrospective transition method.


			Year Ended December 31, 2017
Statement of Income:		As Previously Reported		Adjustments	Current Presentation
Revenues:
Equipment rentals	$ 479,016			$ ─	$ 479,016
New equipment sales	203,301			─	203,301
Used equipment sales	107,329			─	107,329
Parts sales	107,384			6,869	114,253
Services revenues	62,873			─	62,873
Other	70,116			(6,869)	63,247
Total revenues	1,030,019			─	1,030,019
Cost of revenues:
Rental depreciation	169,455			─	169,455
Rental expense	77,706			─	77,706
New equipment sales	180,702			─	180,702
Used equipment sales	74,132			─	74,132
Parts sales	77,713			5,422	83,135
Services revenues	21,111			─	21,111
Other	69,292			(5,422)	63,870
Total cost of revenues	670,111			─	670,111
Gross profit	$ 359,908			$ ─	$ 359,908




			Year Ended December 31, 2016
Statement of Income:		As Previously Reported		Adjustments	Current Presentation
Revenues:
Equipment rentals	$ 445,227			$ ─	$ 445,227
New equipment sales	196,688			─	196,688
Used equipment sales	96,910			─	96,910
Parts sales	109,147			6,842	115,989
Services revenues	64,673			─	64,673
Other	65,492			(6,842)	58,650
Total revenues	978,137			─	978,137
Cost of revenues:
Rental depreciation	162,415			─	162,415
Rental expense	71,694			─	71,694
New equipment sales	175,556			─	175,556
Used equipment sales	66,738			─	66,738
Parts sales	78,966			5,361	84,327
Services revenues	21,839			─	21,839
Other	65,318			(5,361)	59,957
Total cost of revenues	642,526			─	642,526
Gross profit	$ 335,611			$ ─	$ 335,611

Acquisitions

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Acquisitions

(3)	Acquisitions

2018 Acquisitions

Contractors Equipment Center (“CEC”)

Effective January 1, 2018, we completed the acquisition of CEC, a non-residential construction focused equipment rental company with three branches located in the greater Denver, Colorado area. The acquisition significantly expands our presence in the Denver area and surrounding markets.

The aggregate consideration paid to the pre-acquisition owners of CEC was approximately $132.4 million. The acquisition and related fees and expenses were funded through available cash. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date. We do not expect any further changes to these assigned values.


		$’s in thousands

Cash		$ 1,244
Accounts receivable		7,583
Inventory		504
Prepaid expenses and other assets		324
Rental equipment		55,342
Property and equipment		2,700
Intangible assets (1)		21,500
Total identifiable assets acquired		89,197
Accounts payable		(1,023)
Accrued expenses payable and other liabilities		(876)
Total liabilities assumed		(1,899)
Net identifiable assets acquired		87,298
Goodwill (2)		45,092
Net assets acquired		$ 132,390

(1)

The following table reflects the estimated fair values and useful lives of the acquired intangible assets identified based on our purchase accounting assessments:


	Fair Value (amounts in thousands)	Life (years)
Customer relationships	$ 21,000	10
Tradenames	300	1
Leasehold interests	200	10
	$ 21,500

(2)

We have allocated the $45.1 million goodwill among our six goodwill reporting units as follows (amounts in thousands):


Rental Component 1	$25,233
Rental Component 2	18,391
New Equipment	217
Used Equipment	632
Parts	379
Service	240

The level of goodwill that resulted from the CEC acquisition is primarily reflective of CEC’s going-concern value, the value of CEC’s assembled workforce, new customer relationships expected to arise from the acquisition and expected synergies from combining operations. We currently expect the goodwill recognized to be 100% deductible for income tax purposes.

Total CEC acquisition costs were $1.0 million, of which approximately $0.2 million was incurred in the year ended December 31, 2018.

Total revenues attributable to CEC since the acquisition were $39.3 million for the year ended December 31, 2018. Estimated net income attributable to CEC since the acquisition was $5.1 million for the year ended December 31, 2018. It should be noted that since our acquisition of CEC, significant amounts of equipment rental fleet have been moved between H&E locations and the acquired CEC locations, the impact of which is included in these CEC operating results above, as it is impractical to report CEC operating results on a pure stand-alone basis post-acquisition.

Rental, LLC (dba “Rental Inc.”)

Effective April 1, 2018, we completed the acquisition of Rental Inc., a non-residential equipment rental and distribution company with five branches located in Alabama, Florida and Western Georgia. The acquisition expands our presence in the surrounding market.

The aggregate consideration paid to the owners of Rental Inc. was approximately $68.6 million. The acquisition and related fees and expenses were funded through available cash and from borrowings under our Credit Facility (as defined below). The following table summarizes the estimated fair value of the assets acquired and liabilities assumed as of the acquisition date. The amounts presented here are preliminary and are subject to change. However, we do not expect material changes to these assigned values.


		$’s in thousands

Cash		$ 260
Accounts receivable		2,873
Inventory		5,324
Prepaid expenses and other assets		47
Rental equipment		22,578
Property and equipment		1,935
Intangible assets (1)		10,200
Total identifiable assets acquired		43,217
Accounts payable		(439)
Manufacturer flooring plans payable		(3,293)
Accrued expenses payable and other liabilities		(469)
Total liabilities assumed		(4,201)
Net identifiable assets acquired		39,016
Goodwill (2)		29,554
Net assets acquired		$ 68,570

(1)

The following table reflects the estimated fair values and useful lives of the acquired intangible assets identified based on our purchase accounting assessments:


	Fair Value (amounts in thousands)	Life (years)
Customer relationships	$ 10,000	10
Tradenames	200	1
	$ 10,200

(2)

We have allocated the $29.6 million goodwill among our six goodwill reporting units as follows (amounts in thousands):


Rental Component 1	$9,064
Rental Component 2	5,445
New Equipment	10,217
Used Equipment	1,692
Parts	2,171
Service	964

Included in the total goodwill amount of $29.6 million is approximately $3.4 million of accrued purchase price consideration to be paid to the sellers pursuant to the terms of the purchase agreement among the parties named thereto. The level of goodwill that resulted from the Rental Inc. acquisition is primarily reflective of Rental Inc.’s going-concern value, the value of Rental Inc.’s assembled workforce, new customer relationships expected to arise from the acquisition and expected synergies from combining operations. We currently expect the goodwill recognized to be 100% deductible for income tax purposes.

Total Rental Inc. acquisition costs were $0.3 million, substantially all of which was incurred in year ended December 31, 2018.

Total revenues attributable to Rental Inc. since the April 1, 2018 acquisition were $25.3 million for the year ended December 31, 2018. Estimated net income attributable to Rental Inc. since the April 1, 2018 acquisition was $0.3 million, or $0.01 per share, for the year ended December 31, 2018. It should be noted that since our acquisition of Rental Inc., significant amounts of rental fleet have been moved between H&E locations and the acquired Rental Inc. locations, the impact of which is included in these Rental Inc. operating results above, as it is impractical to report Rental Inc. operating results on a pure stand-alone basis post-acquisition.

We-Rent-It (“WRI”)

Effective February 1, 2019, we completed the acquisition of WRI, an equipment rental company with six branches located in central Texas. The acquisition expands our presence in the surrounding market. The aggregate consideration paid to the owners of WRI was approximately $108.5 million. The acquisition and related fees and expenses were funded from borrowings under our Credit Facility (defined below).

As of February 21, 2019, a preliminary allocation of the fair value of the existing purchase price of WRI had yet to be completed. Accordingly, disclosure of the allocation of the purchase price to the WRI balance line items and the pro forma presentation reflecting the impact of the acquisition will be disclosed in subsequent filings.

Pro forma financial information

We completed the CEC acquisition effective January 1, 2018. Therefore, the operating results of CEC are included in our reported condensed consolidated statements of income for the full year ended December 31, 2018. We completed the Rental Inc. acquisition effective April 1, 2018. Therefore, our reported consolidated statements of income for the year ended December 31, 2018 do not include Rental Inc. for the period from January 1, 2018 through March 31, 2018.

The pro forma information below gives effect to the CEC and Rental Inc. acquisitions as if they had been completed on January 1, 2017 (the “pro forma acquisition date”). The pro forma information is not necessarily indicative of our results of operations had the acquisitions been completed on the above date, nor is it necessarily indicative of our future results. The pro forma information does not reflect any cost savings from operating efficiencies or synergies that could result from the acquisitions, nor does it reflect additional revenue opportunities following the acquisition. The pro forma adjustments reflected in the table below are subject to change as additional analysis is performed. The unaudited tables below present unaudited pro forma consolidated statements of income information for the year December 31, 2017 as if CEC and Rental Inc. were included in our consolidated results for the entire period presented.



	(amounts in thousands, except per share data)
	Year Ended December 31, 2017
	H&E	CEC	Rental Inc.	Total
Total revenues	$1,030,019	$36,790	$34,942	$1,101,751

Pretax income	59,344	3,043	7,267	69,654
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation (1)	—	(3,575)	(2,794)	(6,369)
Intangible asset amortization (2)	—	(2,420)	(1,200)	(3,620)
Elimination of merger related costs	788	4,465	—	5,285
Interest expense (3)	—	—	(1,609)	(1,609)
Elimination of historic interest expense (4)	—	1,966	382	2,348
Pro forma pretax income	60,132	3,479	2,046	65,689
Pro forma income tax benefit	(50,511)	(2,922)	(1,719)	(55,179)
Pro forma net income	$ 110,643	$6,401	$3,765	$120,868
Pro forma net income per share – basic	$ 3.12	$ 0.18	$ 0.11	$ 3.40
Pro forma net income per share - diluted	$ 3.10	$ 0.18	$ 0.11	$ 3.39



	(amounts in thousands, except per share data)
	Year Ended December 31, 2018
	H&E(5)	Rental Inc.(6)	Total
Total revenues	$1,238,961	$7,408	$1,246,369

Pretax income	104,663	1,020	105,683
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation (1)	─	(749)	(749)
Intangible asset amortization (2)	─	(300)	(300)
Interest expense (3)	─	(480)	(480)
Elimination of historic interest expense (4)	─	82	82
Pro forma pretax income (loss)	104,663	(427)	104,236
Pro forma income tax expense (benefit)	28,040	(114)	27,926
Pro forma net income (loss)	$ 76,623	$ (313)	$ 76,310
Pro forma net income (loss) per share – basic	$ 2.15	$(0.01)	$ 2.14
Pro forma net income (loss) per share - diluted	$ 2.13	$(0.01)	$ 2.13

(1)

Depreciation of rental equipment and non-rental equipment were adjusted for the fair value markups, and the changes in useful lives and salvage values of the equipment acquired in the acquisitions.

(2)

Represents the amortization of the intangible assets acquired in the acquisitions.

(3)

A portion of the consideration paid for Rental Inc. was funded with borrowings from our Credit Facility. Interest expense was adjusted to reflect the additional debt resulting from such acquisition.

(4)

Represents the elimination of historic debt of CEC and Rental Inc. that is not part of the combined entity.

(5)

H&E represents consolidated operating results as presented in this Annual Report on Form 10-K for the year ended December 31, 2018 and includes actual results for CEC for the full twelve months ended December 31, 2018 and actual results for Rental Inc. for the period April 1, 2018 through December 31, 2018.

(6)

Represents Rental Inc. pro forma operating results for the three month period ended March 31, 2018. We completed the Rental Inc. acquisition effective April 1, 2018.

Receivables

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Receivables

(4)	Receivables

Receivables consisted of the following at December 31, (amounts in thousands):

	2018			2017
Trade receivables	$	194,601		$	172,522
Unbilled rental revenue		8,833			6,291
Income tax receivables		2,181			997
Other		35			45
		205,650			179,855
Less allowance for doubtful accounts		(4,094	)		(3,774	)
Total receivables, net	$	201,556		$	176,081

We charge off customer account balances when we have exhausted reasonable collection efforts and determined that the likelihood of collection is remote.

Inventories

12 Months Ended

Dec. 31, 2018

Inventory Disclosure [Abstract]

Inventories

(5)	Inventories

Inventories consisted of the following at December 31, (amounts in thousands):

	2018		2017
New equipment	$	84,603	$	55,704
Used equipment		1,980		2,421
Parts, supplies and other		18,015		16,879
Total inventories, net	$	104,598	$	75,004

The above amounts are presented net of reserves for inventory obsolescence at December 31, 2018 and 2017 totaling approximately $0.4 million and $0.9 million, respectively.

Property and Equipment

12 Months Ended

Dec. 31, 2018

Property Plant And Equipment [Abstract]

Property and Equipment

(6)	Property and Equipment

Net property and equipment consisted of the following at December 31, (amounts in thousands):

	2018			2017
Land	$	7,597		$	7,165
Transportation equipment		106,011			93,550
Building and leasehold improvements		63,060			55,523
Office and computer equipment		51,758			53,256
Machinery and equipment		17,811			15,983
Property under capital leases		2,417			3,217
Construction in progress		9,129			4,595
		257,783			233,289
Less accumulated depreciation and amortization		(142,662	)		(131,500	)
Total net property and equipment	$	115,121		$	101,789

Total depreciation and amortization on property and equipment was $24.6 million, $23.8 million and $27.3 million for the years ended December 31, 2018, 2017 and 2016, respectively.

Manufacturer Flooring Plans Payable

12 Months Ended

Dec. 31, 2018

Text Block [Abstract]

Manufacturer Flooring Plans Payable

(7)	Manufacturer Flooring Plans Payable

Manufacturer flooring plans payable are financing arrangements for inventory and rental equipment. The interest cost incurred on the manufacturer flooring plans ranged from 0% to the prime rate (5.50% at December 31, 2018) plus an applicable margin at December 31, 2018. Certain manufacturer flooring plans provide for a one to twelve-month reduced interest rate term or a deferred payment period. We recognize interest expense based on the effective interest method. We make payments in accordance with the original terms of the financing agreements. However, we routinely sell equipment that is financed under manufacturer flooring plans prior to the original maturity date of the financing agreement. The related manufacturer flooring plan payable is then paid at the time the equipment being financed is sold. The manufacturer flooring plans payable are secured by the equipment being financed.

Maturities (based on original financing terms) of the manufacturer flooring plans payable as of December 31, 2018 for each of the next three years ending December 31 are as follows (amounts in thousands):

2019	$	12,605
2020		10,822
2021		239
Thereafter		—
Total	$	23,666

Accrued Expenses Payable and Other Liabilities

12 Months Ended

Dec. 31, 2018

Payables And Accruals [Abstract]

Accrued Expenses Payable and Other Liabilities

(8)	Accrued Expenses Payable and Other Liabilities

Accrued expenses payable and other liabilities consisted of the following at December 31, (amounts in thousands):

	2018		2017
Payroll and related liabilities	$	24,864	$	20,429
Sales, use and property taxes		10,069		9,635
Accrued interest		18,771		19,134
Accrued insurance		4,328		4,211
Deferred revenue		5,973		6,631
Other		9,366		5,055
Total accrued expenses payable and other liabilities	$	73,371	$	65,095

Senior Unsecured Notes

12 Months Ended

Dec. 31, 2018

Senior Unsecured Notes [Member]

Debt Instrument [Line Items]

Senior Secured Credit Facility

(9)	Senior Unsecured Notes

On August 24, 2017, we completed an offering of $750 million aggregate principal amount of 5.6250% senior notes due 2025 (the “New Notes”) and the settlement of a cash tender offer (the “Tender Offer”) with respect to our 7% senior notes due 2022 (the “Old Notes”). Net proceeds, after deducting $10.3 million of estimated offering expenses, from the sale of the New Notes totaled approximately $739.7 million. We used a portion of the net proceeds from the sale of the New Notes to repurchase $329.7 million of aggregate principal amount of the Old Notes in early settlement of the Tender Offer, which the Company launched on August 17, 2017. Holders who tendered their Old Notes prior to the early tender deadline received $1,038.90 per $1,000 principal amount of Old Notes tendered, plus accrued and unpaid interest up to, but not including, the payment date of August 24, 2017. Effective as of August 24, 2017, we (i) provided notice of the redemption of all remaining Old Notes that were not validly tendered in the Tender Offer at the expiration time and (ii) satisfied and discharged the indenture governing the Old Notes in accordance with its terms. On September 25, 2017, we redeemed the remaining $300.3 million principal amount outstanding of the Old Notes at a redemption price equal to 103.50% of the principal amount thereof, plus accrued and unpaid interest up to, but not including, the date of redemption.

The New Notes were issued at par and require semiannual interest payments on March 1st and September 1st of each year, commencing on March 1, 2018. No principal payments are due until maturity (September 1, 2025).

The New Notes are redeemable, in whole or in part, at any time on or after September 1, 2020 at specified redemption prices plus accrued and unpaid interest to the date of redemption. We may redeem up to 40% of the aggregate principal amount of the New Notes before September 1, 2020 with the net cash proceeds from certain equity offerings. We may also redeem the New Notes prior to September 1, 2020 at a specified “make-whole” redemption price plus accrued and unpaid interest to the date of redemption.

The New Notes rank equally in right of payment to all of our existing and future senior indebtedness and rank senior to any of our subordinated indebtedness. The New Notes are unconditionally guaranteed on a senior unsecured basis by all of our current and future significant domestic restricted subsidiaries. In addition, the New Notes are effectively subordinated to all of our and the guarantors’ existing and future secured indebtedness, including the Credit Facility, to the extent of the assets securing such indebtedness, and are structurally subordinated to all of the liabilities and preferred stock of any of our subsidiaries that do not guarantee the New Notes.

If we experience a change of control, we will be required to offer to purchase the New Notes at a repurchase price equal to 101% of the principal amount, plus accrued and unpaid interest to the date of repurchase.

The indenture governing the New Notes contains certain covenants that, among other things, limit our ability and the ability of our restricted subsidiaries to: (i) incur additional indebtedness, assume a guarantee or issue preferred stock; (ii) pay dividends or make other equity distributions or payments to or affecting our subsidiaries; (iii) purchase or redeem our capital stock; (iv) make certain investments; (v) create liens; (vi) sell or dispose of assets or engage in mergers or consolidations; (vii) engage in certain transactions with subsidiaries or affiliates; (viii) enter into sale-leaseback transactions; and (ix) engage in certain business activities. Each of the covenants is subject to exceptions and qualifications. As of December 31, 2018, we were in compliance with these covenants.

On November 22, 2017, we closed on an offering of $200 million aggregate principal amount of 5.625% senior notes due 2025 (the “Add-on Notes”) in an unregistered offering through a private placement. The Add-on Notes were priced at 104.25% of the principal amount. Net proceeds from the offering of the Add-on Notes, including accrued interest from August 24, 2017 totaled approximately $209.2 million. The net proceeds of the offering, was used to repay indebtedness outstanding under the Company’s existing senior secured credit facility (the “Credit Facility”) and for the payment of fees and expenses related to the offering. The remainder of the net proceeds will be used for general corporate purposes and to fund potential acquisitions in connection with our ongoing strategy of acquiring rental companies to complement our existing business and footprint.

The Add-on Notes were issued as additional notes under an indenture dated as of August 24, 2017, pursuant to which we previously issued the New Notes as described above. The Add-on Notes have identical terms to, rank equally with and form a part of a single class of securities with the New Notes.

Pursuant to registration rights agreements entered into among us, the guarantors of the New Notes and the Add-On Notes, respectively, and the initial purchasers of the New Notes and the Add-On Notes, respectively, we agreed to make offers to exchange (collectively, the “Exchange Offer”) the New Notes and Add-On Notes and the respective guarantees for registered, publicly tradable notes and guarantees that have terms identical in all material respects to the New Notes and the Add-On Notes, respectively (except that the exchange notes do not contain any transfer restrictions) within a certain period of time following the completion of the respective note offerings. We completed the Exchange Offer for the New Notes and the Add-On Notes in March 2018.

The following table reconciles our Senior Unsecured Notes to our Consolidated Balance Sheets (amounts in thousands):

Balance at December 31, 2016	$	627,711
Accretion of discount on Old Notes through August 24, 2017		683
Amortization of note premium on Old Notes through August 24, 2017		(574	)
Amortization of deferred financing costs on Old Notes through August 24, 2017		153
Aggregate principal amount paid on Old Notes		(630,000	)
Writeoff of unaccreted discount on Old Notes		5,294
Writeoff of unamortized premium on Old Notes		(4,452	)
Writeoff of deferred financing costs on Old Notes		1,185
Aggregate principal amount issued on New Notes		950,000
Notes discount and deferred transaction costs on New Notes		(14,684	)
Note premium on New Notes		8,500
Accretion of discount on New Notes from August 24, 2017 through December 31, 2017		542
Amortization of note premium on New Notes from August 24, 2017 through December 31, 2017		(375	)
Amortization of deferred financing costs on New Notes from August 24, 2017 through December 31, 2017		105
Balance at December 31, 2017	$	944,088
Accretion of discount through December 31, 2018		1,539
Amortization of note premium through December 31, 2018		(1,062	)
Additional deferred financing costs on New Notes		(97	)
Amortization of deferred financing costs through December 31, 2018		312
Balance at December 31, 2018	$	944,780

Senior Secured Credit Facility

12 Months Ended

Dec. 31, 2018

Secured Debt [Member]

Senior Secured Credit Facility

(10)	Senior Secured Credit Facility

We and our subsidiaries are parties to a $750.0 million Credit Facility with Wells Fargo Capital Finance, LLC (as successor to General Electric Capital Corporation) as administrative agent, and the lenders named therein.

On December 22, 2017, we amended, extended and restated the Credit Facility by entering into the Fifth Amended and Restated Credit Agreement (the “Amended and Restated Credit Agreement”) by and among the Company, Great Northern Equipment, Inc., H&E Equipment Services (California), LLC, H&E Equipment Services (Mid-Atlantic), LLC, the other credit parties named therein, the lenders named therein, Wells Fargo Capital Finance, LLC, as administrative agent, the other credit parties named therein, the lenders named therein, and the joint lead arrangers, joint book runners, co-syndication agents and documentation agent named therein.

The Amended and Restated Credit Agreement, among other things, (i) extended the maturity date of the credit facility from May 21, 2019 to December 22, 2022, (ii) increased the commitments under the senior secured asset based revolver provided for therein from $602.5 million to $750 million, (iii) increased the uncommitted incremental revolving capacity from $150 million to $250 million, (iv) provided that the unused line fee margin will be either 0.375% or 0.25%, depending on the Average Revolver Usage (as defined in the Amended and Restated Credit Agreement) of the borrowers, (v) lowered the interest rate (a) in the case of base rate revolving loans, to the base rate plus an applicable margin of 0.50% to 1.00% depending on the Average Availability (as defined in the Amended and Restated Credit Agreement) and (b) in the case of LIBOR revolving loans, to LIBOR (as defined in the Amended and Restated Credit Agreement) plus an applicable margin of 1.50% to 2.00%, depending on the Average Availability, (vi) lowered the margin applicable to the letter of credit fee to between 1.50% and 2.00%, depending on the Average Availability, and (vii) permitted, subject to certain conditions, an unlimited amount of Permitted Acquisitions, Restricted Payments and prepayments of Indebtedness (in each case, as defined in the Amended and Restated Credit Agreement).

On February 1, 2019, we further amended and extended the Amended and Restated Credit Agreement with the First Amendment to the Fifth Amended and Restated Credit Agreement (the “First Amendment”) by and among the Company, Great Northern Equipment, Inc., H&E Equipment Services (California), LLC, H&E Equipment Services (Mid-Atlantic), LLC, the other credit parties named therein, the lenders named therein, Wells Fargo Capital Finance, LLC, as administrative agent, the other credit parties named therein, the lenders named therein, and the joint lead arrangers, joint book runners, co-syndication agents and documentation agent named therein.

The First Amendment, among other things, (i) extended the maturity date of the credit facility from December 22, 2022 to January 31, 2024, and (ii) lowered the interest rate in the case of LIBOR revolving loans, to LIBOR plus an applicable margin of 1.25% to 1.75%, depending on the Average Availability and (iii) lowered the interest rate in the case of Base Rate loans, to the Base Rate (as defined in the Amended and Restated Credit Agreement) plus an applicable margin of 0.25% to 0.75%, depending on the Average Availability.

As amended, the Amended and Restated Credit Agreement continues to provide for, among other things, a $30 million letter of credit sub-facility, and a guaranty by certain of the Company’s subsidiaries of the obligations under the Credit Facility. In addition, the Credit Facility remains secured by substantially all of the assets of the Company and certain of its subsidiaries.

At December 31, 2018, we had $170.8 million in borrowings outstanding under the Credit Facility and could borrow up to $571.5 million and remain in compliance with the debt covenants under the Company’s credit facility. At February 14, 2019, we had $483.3 million of available borrowings under our Credit Facility, net of a $7.7 million outstanding letter of credit.

Capital Lease Obligations

12 Months Ended

Dec. 31, 2018

Leases [Abstract]

Capital Lease Obligations

(11)	Capital Lease Obligations

As of December 31, 2018, we had one capital lease obligation, expiring in 2022. Future minimum capital lease payments, in the aggregate, existing at December 31, 2018 for each of the next five years ending December 31 and thereafter are as follows (amounts in thousands):

2019	$	252
2020		252
2021		252
2022		42
Total minimum lease payments		798
Less: amount representing interest		(72	)
Present value of minimum lease payments	$	726

See also “Recent Accounting Pronouncements” in note 2 to these consolidated financial statements regarding the new lease accounting guidance, ASC 842, which became effective January 1, 2019.

Income Taxes

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Income Taxes

(12)	Income Taxes

On December 22, 2017, the Tax Cuts and Jobs Act (the “Act”) was signed into law. Among other changes, the Act reduced the corporate federal income tax rate from 35% to 21%. As a result of the rate change, in 2017 we recorded a one-time decrease in income tax expense of $66.9 million from the re-measurement of our deferred tax assets and liabilities which is reflected in the tables below. Our accounting for the income tax effects of the Act is complete and there were no changes made to the enactment-date accounting during 2018.

Our income tax provision (benefit) for the years ended December 31, 2018, 2017 and 2016, consists of the following (amounts in thousands):

	Current			Deferred			Total
Year ended December 31, 2018:
U.S. Federal	$	(1,522	)	$	23,126		$	21,604
State		2,868			3,568			6,436
	$	1,346		$	26,694		$	28,040
Year ended December 31, 2017:
U.S. Federal	$	—		$	(54,241	)	$	(54,241	)
State		220			3,707			3,927
	$	220		$	(50,534	)	$	(50,314	)
Year ended December 31, 2016
U.S. Federal	$	—		$	21,516		$	21,516
State		280			62			342
	$	280		$	21,578		$	21,858

Significant components of our deferred income tax assets and liabilities as of December 31 are as follows (amounts in thousands):

	2018			2017
Deferred tax assets:
Accounts receivable	$	1,010		$	929
Inventories		93			239
Net operating losses		86,859			18,165
AMT and tax credits		2,110			3,565
Sec 263A costs		752			544
Accrued liabilities		2,869			2,767
Deferred compensation		1,561			1,132
Accrued interest		387			365
Stock-based compensation		146			181
Goodwill and intangible assets		346			—
Other assets		415			531
		96,548			28,418
Valuation allowance		(609	)		(732	)
		95,939			27,686
Deferred tax liabilities:
Property and equipment		(245,198	)		(152,235	)
Investments		(1,076	)		(1,066	)
Goodwill and intangible assets		(2,778	)		(804	)
		(249,052	)		(154,105	)
Net deferred tax liabilities	$	(153,113	)	$	(126,419	)

The reconciliation between income taxes computed using the statutory federal income tax rate (21% for the year ended December 31, 2018 and 35% for the years ended December 31, 2017 and 2016) to the actual income tax expense (benefit) is below for the years ended December 31 (amounts in thousands):

	2018			2017			2016
Computed tax at statutory rates	$	21,979		$	20,770		$	20,660
Permanent items - other		1,021			911			904
Permanent items - excess of tax deductible goodwill		—			(2,130	)		—
State income tax, net of federal tax effect		5,246			2,563			2,115
Change in valuation allowance		(123	)		397			207
Change in uncertain tax positions		(83	)		(5,960	)		66
Other - change in deferred state rate		—			—			(2,094	)
Impact of the Act federal rate change		—			(66,865	)		—
	$	28,040		$	(50,314	)	$	21,858

At December 31, 2018, we had available federal net operating loss carry forwards of approximately $86.2 million, which expire in varying amounts from 2030 through 2036 and $298.2 million, which does not expire. We also had federal alternative minimum tax credit carry forwards at December 31, 2018 of approximately $3.0 million which do not expire and $0.4 million general business credit carry forwards that expire in varying amounts from 2026 and 2037, and state income tax credits of $0.2 million that expire in varying amounts beginning in 2019. In accordance with changes made by the Act, our AMT credit became refundable between 2018 and 2022; therefore, we have reclassified $1.5 million from deferred income taxes to income tax receivable during the year ended December 31, 2018. The federal and state net operating loss carryforwards in the income tax returns filed included unrecognized tax benefits taken in prior years. These net operating losses for which a deferred tax asset is recognized for financial statement purposes in accordance with ASC 740 are presented net of these unrecognized tax benefits.

Management has concluded that it is more likely than not that the federal deferred tax assets are fully realizable through future reversals of existing taxable temporary differences and future taxable income. Therefore, a valuation allowance is not required to reduce those deferred tax assets as of December 31, 2018. However, for the year ended December 31, 2018, we decreased our valuation allowance by $0.1 million for certain state net operating losses that were realized.

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows (in thousands):

	2018			2017
Gross unrecognized tax benefits at January 1	$	106		$	6,119
Increases in tax positions taken in prior years		—			22
Decreases in tax positions taken in prior years		(106	)		(22	)
Lapse in statute of limitations		—			(6,013	)
Gross unrecognized tax benefits at December 31	$	—		$	106

As of December 31, 2018, we have no reserves established for the gross amount of unrecognized tax benefits. The statute of limitations lapsed during 2017 for approximately $6.0 million of unrecognized tax benefits. We recognized a reduction of $5.9 million in income tax expense in 2017 as a result. Consistent with our historical financial reporting, to the extent we incur interest income, interest expense, or penalties related to unrecognized income tax benefits, they are recorded in “Other net income or expense.” The amount of interest and penalties included in the table above are not material. We do not expect a material change in unrecognized tax benefits related to federal and state exposures will occur within the next twelve months.

Our U.S. federal tax returns for 2015 and subsequent years remain subject to examination by tax authorities. We are also subject to examination in various state jurisdictions for 2013 and subsequent years.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2018

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

(13)	Commitments and Contingencies

Operating Leases

As of December 31, 2018, we lease certain real estate related to our branch facilities as well as certain office equipment under non-cancelable operating lease agreements expiring at various dates through 2033. Our real estate leases provide for varying terms, including customary renewal options and base rental escalation clauses, for which the related rent expense is accounted for on a straight-line basis during the terms of the respective leases. Additionally, certain real estate leases may require us to pay maintenance, insurance, taxes and other expenses in addition to the stated rental payments. Rent expense on property leases and equipment leases under non-cancelable operating lease agreements for the years ended December 31, 2018, 2017 and 2016 amounted to approximately $23.1 million, $20.1 million and $18.7 million, respectively.

Future minimum operating lease payments existing at December 31, 2018 for each of the next five years ending December 31 and thereafter are as follows (amounts in thousands):

2019	$	21,775
2020		21,965
2021		21,176
2022		19,854
2023		17,145
Thereafter		86,398
	$	188,313

See also “Recent Accounting Pronouncements” in note 2 regarding the new lease accounting guidance, ASC 842, which became effective on January 1, 2019.

Legal Matters

We are also involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, after consultation with legal counsel, the ultimate disposition of these various matters will not have a material adverse effect on the Company’s consolidated financial position, results of operations or liquidity.

Letters of Credit

The Company had outstanding letters of credit issued under its Credit Facility totaling $7.7 million as of December 31, 2018 and 2017, respectively. The letters of credit expire in May 2019 and are expected to be renewed for similar one-year terms.

Employee Benefit Plan

12 Months Ended

Dec. 31, 2018

Compensation And Retirement Disclosure [Abstract]

Employee Benefit Plan

(14)	Employee Benefit Plan

We offer substantially all of our employees’ participation in a qualified 401(k)/profit-sharing plan in which we match employee contributions up to predetermined limits for qualified employees as defined by the plan. For the years ended December 31, 2018, 2017 and 2016, we contributed to the plan, net of employee forfeitures, $2.5 million, $2.2 million and $2.0 million, respectively.

Deferred Compensation Plans

12 Months Ended

Dec. 31, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Deferred Compensation Plans

(15)	Deferred Compensation Plans

In 2001, we assumed, in a business combination, nonqualified employee deferred compensation plans under which certain employees had previously elected to defer a portion of their annual compensation. Upon assumption of the plans, the plans were amended to not allow further participant compensation deferrals. Compensation previously deferred under the plans is payable upon the termination, disability or death of the participants. At December 31, 2018, we have obligations remaining under one deferred compensation plan. All other plans have terminated pursuant to the provisions of each respective plan. The remaining plan accumulates interest each year at a bank’s prime rate in effect at the beginning of January of each year. This rate remains constant throughout the year. The effective rate for the 2018 calendar plan year was 4.50%. The aggregate deferred compensation payable at December 31, 2018 and December 31, 2017 was approximately $2.0 million and $1.9 million, respectively. Included in these amounts at December 31, 2018 and 2017 was accrued interest of $1.5 million and $1.4 million, respectively.

Related Party Transactions

12 Months Ended

Dec. 31, 2018

Related Party Transactions

(16)	Related Party Transactions

Mr. John M. Engquist, who served as the Company’s Chief Executive Officer for the periods presented in these consolidated financial statements, has a 30.0% ownership interest in Perkins-McKenzie Insurance Agency, Inc. (“Perkins-McKenzie”), an insurance brokerage firm. Mr. Engquist’s mother’s estate and sister have a 12.0% and 6.0% interest, respectively, in Perkins-McKenzie. Perkins-McKenzie brokers a substantial portion of our commercial liability insurance. As the broker, Perkins-McKenzie receives from our insurance provider as a commission a portion of the premiums we pay to the insurance provider. Commissions paid to Perkins-McKenzie on our behalf as insurance broker totaled approximately $0.8 million, $0.8 million and $0.9 million for the years ended December 31, 2018, 2017 and 2016, respectively.

We purchase products and services from, and sell products and services to, B-C Equipment Sales, Inc., in which Mr. Engquist has a 50% ownership interest. In each of the years ended December 31, 2018, 2017 and 2016, our purchases totaled $0.1 million, $0.4 million and $0.4 million, respectively, and our sales to B-C Equipment Sales, Inc. totaled approximately $0.1 million, $0.1 million and $0.1 million, respectively.

Summarized Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Summarized Quarterly Financial Data (Unaudited)

(17)	Summarized Quarterly Financial Data (Unaudited)

The following is a summary of our unaudited quarterly financial results of operations for the years ended December 31, 2018 and 2017 (amounts in thousands, except per share amounts):

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2018:
Total revenues	$	260,482	$	310,364	$	322,141	$	345,974
Income from operations		27,326		43,103		45,318		50,899
Income before provision for income taxes		13,068		27,869		28,971		34,755
Net income		9,478		20,771		21,314		25,060
Basic net income per common share⁽¹⁾		0.27		0.58		0.60		0.70
Diluted net income per common share⁽¹⁾		0.26		0.58		0.59		0.70

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2017:
Total revenues	$	226,828	$	249,363	$	259,162	$	294,666
Income from operations⁽²⁾		21,325		28,668		47,654		40,268
Income before provision for income taxes⁽³⁾		8,530		15,668		7,577		27,569
Net income⁽⁴⁾		5,390		9,878		8,462		85,928
Basic net income per common share⁽¹⁾		0.15		0.28		0.24		2.41
Diluted net income per common share⁽¹⁾		0.15		0.28		0.24		2.40

⁽¹⁾

Because of the method used in calculating per share data, the summation of quarterly per share data may not necessarily total to the per share data computed for the entire year due to rounding.

⁽²⁾

Includes approximately $6.5 million and $5.8 million of net merger breakup fee proceeds (net of merger costs) for the third and fourth quarters of 2017, respectively.

⁽³⁾

In addition to the amounts described in (2) above, the third quarter of 2017 includes a $25.4 million loss on the early extinguishment of debt.

⁽⁴⁾

During the third quarter of 2017, the statute of limitations lapsed for approximately $6.0 million of unrecognized tax benefits, for which we recognized a $5.9 million reduction in income tax expense for the third quarter of 2017. During the fourth quarter of 2017 and as further described in note 12 above, we recorded a one-time decrease in income tax expense of approximately $66.9 million related to the impact from the enactment of the Act legislation.

Segment Information

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Segment Information

(18)	Segment Information

We have identified five reportable segments: equipment rentals, new equipment sales, used equipment sales, parts sales and service revenues. These segments are based upon how management of the Company allocates resources and assesses performance. Non-segmented revenues and non-segmented costs relate to equipment support activities including transportation, hauling, parts freight and damage-waiver charges and are not allocated to the other reportable segments. There were no sales between segments for any of the periods presented. Selling, general, and administrative expenses as well as all other income and expense items below gross profit are not generally allocated to our reportable segments.

We do not compile discrete financial information by our segments other than the information presented below. The following table presents information about our reportable segments (amounts in thousands):

	Years Ended December 31,
	2018			2017			2016
Segment Revenues:
Equipment rentals	$	592,193		$	479,016		$	445,227
New equipment sales		262,948			203,301			196,688
Used equipment sales		125,125			107,329			96,910
Parts sales		120,454			114,253			115,989
Services revenues		63,488			62,873			64,673
Total segmented revenues		1,164,208			966,772			919,487
Non-Segmented revenues		74,753			63,247			58,650
Total revenues	$	1,238,961		$	1,030,019		$	978,137
Segment Gross Profit:
Equipment rentals	$	294,220		$	231,855		$	211,118
New equipment sales		30,891			22,599			21,132
Used equipment sales		39,073			33,197			30,172
Parts sales		32,191			31,118			31,662
Services revenues		42,160			41,762			42,834
Total gross profit from segmented revenues		438,535			360,531			336,918
Non-Segmented gross profit (loss)		(1	)		(623	)		(1,307	)
Total gross profit	$	438,534		$	359,908		$	335,611

	December 31,
	2018		2017
Segment identified assets:
Equipment sales	$	86,583	$	58,125
Equipment rentals		1,141,498		904,824
Parts and service		18,015		16,879
Total segment identified assets		1,246,096		979,828
Non-Segmented identified assets		481,085		487,889
Total assets	$	1,727,181	$	1,467,717

The Company operates primarily in the United States and our sales to international customers for the years ended December 31, 2018, 2017 and 2016 were 0.1%, 0.4% and 0.4%, respectively, of total revenues for the periods presented. No one customer accounted for more than 10% of our revenues on an overall or segmented basis for any of the periods presented.

Consolidating Financial Information of Guarantor Subsidiaries

12 Months Ended

Dec. 31, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Consolidating Financial Information of Guarantor Subsidiaries

(19)	Consolidating Financial Information of Guarantor Subsidiaries

All of the indebtedness of H&E Equipment Services, Inc. is guaranteed by GNE Investments, Inc. and its wholly-owned subsidiary Great Northern Equipment, Inc., H&E Equipment Services (California), LLC, H&E California Holding, Inc., H&E Equipment Services (Mid-Atlantic), Inc. and H&E Finance Corp. The guarantor subsidiaries are all wholly-owned and the guarantees, made on a joint and several basis, are full and unconditional (subject to subordination provisions and subject to a standard limitation which provides that the maximum amount guaranteed by each guarantor will not exceed the maximum amount that can be guaranteed without making the guarantee void under fraudulent conveyance laws). There are no restrictions on H&E Equipment Services, Inc.’s ability to obtain funds from the guarantor subsidiaries by dividend or loan.

The consolidating financial statements of H&E Equipment Services, Inc. and its subsidiaries are included below. The financial statements for H&E Finance Corp. are not included within the consolidating financial statements because H&E Finance Corp. has no assets or operations.

CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2018
	H&E Equipment Services		Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Assets:
Cash	$	16,677	$	—		$	—		$	16,677
Receivables, net		166,393		35,163			—			201,556
Inventories, net		94,483		10,115			—			104,598
Prepaid expenses and other assets		10,382		126			—			10,508
Rental equipment, net		983,281		158,217			—			1,141,498
Property and equipment, net		98,251		16,870			—			115,121
Deferred financing costs, net		3,000		—			—			3,000
Investment in guarantor subsidiaries		246,309		—			(246,309	)		—
Intangible assets, net		28,380		—			—			28,380
Goodwill		76,317		29,526			—			105,843
Total assets	$	1,723,473	$	250,017		$	(246,309	)	$	1,727,181
Liabilities and Stockholders’ Equity:
Amount due on senior secured credit facility	$	170,761	$	—		$	—		$	170,761
Accounts payable		95,866		5,974			—			101,840
Manufacturer flooring plans payable		23,178		488			—			23,666
Accrued expenses payable and other liabilities		76,798		(3,427	)		—			73,371
Dividends payable		185		(53	)		—			132
Senior unsecured notes		944,780		—			—			944,780
Capital leases payable		—		726			—			726
Deferred income taxes		153,113		—			—			153,113
Deferred compensation payable		1,989		—			—			1,989
Total liabilities		1,466,670		3,708			—			1,470,378
Stockholders’ equity		256,803		246,309			(246,309	)		256,803
Total liabilities and stockholders’ equity	$	1,723,473	$	250,017		$	(246,309	)	$	1,727,181

CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2017
	H&E Equipment Services		Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Assets:
Cash	$	165,878	$	—		$	—		$	165,878
Receivables, net		138,657		37,424			—			176,081
Inventories, net		63,828		11,176			—			75,004
Prepaid expenses and other assets		9,030		142			—			9,172
Rental equipment, net		760,972		143,852			—			904,824
Property and equipment, net		89,952		11,837			—			101,789
Deferred financing costs, net		3,772		—			—			3,772
Investment in guarantor subsidiaries		222,217		—			(222,217	)		—
Goodwill		1,671		29,526			—			31,197
Total assets	$	1,455,977	$	233,957		$	(222,217	)	$	1,467,717
Liabilities and Stockholders’ Equity:
Amount due on senior secured credit facility	$	—	$	—		$	—		$	—
Accounts payable		78,811		10,970			—			89,781
Manufacturer flooring plans payable		20,300		1,702			—			22,002
Accrued expenses payable and other liabilities		67,466		(2,371	)		—			65,095
Dividends payable		197		(47	)		—			150
Senior unsecured notes		944,088		—			—			944,088
Capital leases payable		—		1,486			—			1,486
Deferred income taxes		126,419		—			—			126,419
Deferred compensation payable		1,903		—			—			1,903
Total liabilities		1,239,184		11,740			—			1,250,924
Stockholders’ equity		216,793		222,217			(222,217	)		216,793
Total liabilities and stockholders’ equity	$	1,455,977	$	233,957		$	(222,217	)	$	1,467,717

CONDENSED CONSOLIDATING STATEMENT OF INCOME

	Year Ended December 31, 2018
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Revenues:
Equipment rentals	$	506,620		$	85,573		$	—		$	592,193
New equipment sales		207,564			55,384			—			262,948
Used equipment sales		102,005			23,120			—			125,125
Parts sales		103,586			16,868			—			120,454
Services revenues		53,534			9,954			—			63,488
Other		62,633			12,120			—			74,753
Total revenues		1,035,942			203,019			—			1,238,961
Cost of revenues:
Rental depreciation		178,371			30,082			—			208,453
Rental expense		76,487			13,033			—			89,520
New equipment sales		183,164			48,893			—			232,057
Used equipment sales		69,960			16,092			—			86,052
Parts sales		76,425			11,838			—			88,263
Services revenues		18,100			3,228			—			21,328
Other		62,745			12,009			—			74,754
Total cost of revenues		665,252			135,175			—			800,427
Gross profit (loss):
Equipment rentals		251,762			42,458			—			294,220
New equipment sales		24,400			6,491			—			30,891
Used equipment sales		32,045			7,028			—			39,073
Parts sales		27,161			5,030			—			32,191
Services revenues		35,434			6,726			—			42,160
Other		(112	)		111			—			(1	)
Gross profit		370,690			67,844			—			438,534
Selling, general and administrative expenses		232,892			45,406			—			278,298
Equity in earnings of guarantor subsidiaries		13,247			—			(13,247	)		—
Merger costs		708			—			—			708
Gain from sales of property and equipment, net		6,475			643			—			7,118
Income from operations		156,812			23,081			(13,247	)		166,646
Other income (expense):
Interest expense		(53,681	)		(10,026	)		—			(63,707	)
Other, net		1,532			192			—			1,724
Total other expense, net		(52,149	)		(9,834	)		—			(61,983	)
Income before provision for income taxes		104,663			13,247			(13,247	)		104,663
Provision for income taxes		28,040			—			—			28,040
Net income	$	76,623		$	13,247		$	(13,247	)	$	76,623

CONDENSED CONSOLIDATING STATEMENT OF INCOME

	Year Ended December 31, 2017
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Revenues:
Equipment rentals	$	395,275		$	83,741		$	—		$	479,016
New equipment sales		166,730			36,571			—			203,301
Used equipment sales		84,741			22,588			—			107,329
Parts sales		97,852			16,401			—			114,253
Services revenues		52,807			10,066			—			62,873
Other		51,627			11,620			—			63,247
Total revenues		849,032			180,987			—			1,030,019
Cost of revenues:
Rental depreciation		140,489			28,966			—			169,455
Rental expense		64,598			13,108			—			77,706
New equipment sales		148,163			32,539			—			180,702
Used equipment sales		59,481			14,651			—			74,132
Parts sales		71,603			11,532			—			83,135
Services revenues		17,851			3,260			—			21,111
Other		52,068			11,802			—			63,870
Total cost of revenues		554,253			115,858			—			670,111
Gross profit (loss):
Equipment rentals		190,188			41,667			—			231,855
New equipment sales		18,567			4,032			—			22,599
Used equipment sales		25,260			7,937			—			33,197
Parts sales		26,249			4,869			—			31,118
Services revenues		34,956			6,806			—			41,762
Other		(441	)		(182	)		—			(623	)
Gross profit		294,779			65,129			—			359,908
Selling, general and administrative expenses		190,392			42,392			—			232,784
Equity in earnings of guarantor subsidiaries		16,136			—			(16,136	)		—
Merger breakup fees, net of merger costs		(5,782	)		—			—			(5,782	)
Gain from sales of property and equipment, net		2,435			2,574			—			5,009
Income from operations		128,740			25,311			(16,136	)		137,915
Other income (expense):
Interest expense		(45,480	)		(9,478	)		—			(54,958	)
Loss on early extinguishment of debt		(25,363	)		—			—			(25,363	)
Other, net		1,447			303			—			1,750
Total other expense, net		(69,396	)		(9,175	)		—			(78,571	)
Income before benefit for income taxes		59,344			16,136			(16,136	)		59,344
Benefit for income taxes		(50,314	)		—			—			(50,314	)
Net income	$	109,658		$	16,136		$	(16,136	)	$	109,658

CONDENSED CONSOLIDATING STATEMENT OF INCOME

	Year Ended December 31, 2016
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Revenues:
Equipment rentals	$	364,654		$	80,573		$	—		$	445,227
New equipment sales		158,291			38,397			—			196,688
Used equipment sales		78,956			17,954			—			96,910
Parts sales		100,920			15,069			—			115,989
Services revenues		55,391			9,282			—			64,673
Other		47,461			11,189			—			58,650
Total revenues		805,673			172,464			—			978,137
Cost of revenues:
Rental depreciation		134,484			27,931			—			162,415
Rental expense		59,263			12,431			—			71,694
New equipment sales		140,948			34,608			—			175,556
Used equipment sales		55,075			11,663			—			66,738
Parts sales		73,587			10,740			—			84,327
Services revenues		18,963			2,876			—			21,839
Other		48,273			11,684			—			59,957
Total cost of revenues		530,593			111,933			—			642,526
Gross profit (loss):
Equipment rentals		170,907			40,211			—			211,118
New equipment sales		17,343			3,789			—			21,132
Used equipment sales		23,881			6,291			—			30,172
Parts sales		27,333			4,329			—			31,662
Services revenues		36,428			6,406			—			42,834
Other		(812	)		(495	)		—			(1,307	)
Gross profit		275,080			60,531			—			335,611
Selling, general and administrative expenses		187,369			40,760			—			228,129
Equity in earnings of guarantor subsidiaries		11,416			—			(11,416	)		—
Gain from sales of property and equipment, net		2,789			496			—			3,285
Income from operations		101,916			20,267			(11,416	)		110,767
Other income (expense):
Interest expense		(44,503	)		(9,101	)		—			(53,604	)
Other, net		1,617			250			—			1,867
Total other expense, net		(42,886	)		(8,851	)		—			(51,737	)
Income before provision for income taxes		59,030			11,416			(11,416	)		59,030
Provision for income taxes		21,858			—			—			21,858
Net income	$	37,172		$	11,416		$	(11,416	)	$	37,172

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Year Ended December 31, 2018
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Cash flows from operating activities:
Net income	$	76,623		$	13,247		$	(13,247	)	$	76,623
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		21,570			3,023			—			24,593
Depreciation on rental equipment		178,371			30,082			—			208,453
Amortization of intangible assets		3,320			—			—			3,320
Amortization of deferred financing costs		1,083			—			—			1,083
Accretion of note discount, net of premium amortization		477			—			—			477
Provision for losses on accounts receivable		2,065			676			—			2,741
Provision for inventory obsolescence		122			—			—			122
Change in deferred income taxes		26,695			—			—			26,695
Stock-based compensation expense		4,214			—			—			4,214
Gain from sales of property and equipment, net		(6,475	)		(643	)		—			(7,118	)
Gain from sales of rental equipment, net		(31,595	)		(6,757	)		—			(38,352	)
Equity in earnings of guarantor subsidiaries		(13,247	)		—			13,247			—
Changes in operating assets and liabilities, net of acquisitions:
Receivables		(19,346	)		1,585			—			(17,761	)
Inventories		(45,349	)		(2,881	)		—			(48,230	)
Prepaid expenses and other assets		(981	)		16			—			(965	)
Accounts payable		11,990			(4,996	)		—			6,994
Manufacturer flooring plans payable		2,878			(1,214	)		—			1,664
Accrued expenses payable and other liabilities		4,176			(1,604	)		—			2,572
Deferred compensation payable		86			—			—			86
Net cash provided by operating activities		216,677			30,534			—			247,211
Cash flows from investing activities:
Acquisition of business, net of cash acquired		(196,027	)		—			—			(196,027	)
Purchases of property and equipment		(26,903	)		(8,057	)		—			(34,960	)
Purchases of rental equipment		(362,780	)		(53,820	)		—			(416,600	)
Proceeds from sales of property and equipment		8,617			644			—			9,261
Proceeds from sales of rental equipment		92,014			20,072			—			112,086
Investment in subsidiaries		(10,845	)		—			10,845			—
Net cash used in investing activities		(495,924	)		(41,161	)		10,845			(526,240	)
Cash flows from financing activities:
Purchases of treasury stock		(1,350	)		—			—			(1,350	)
Borrowings on senior secured credit facility		1,436,849			—			—			1,436,849
Payments on senior secured credit facility		(1,266,088	)		—			—			(1,266,088	)
Dividends paid		(39,268	)		(6	)		—			(39,274	)
Payments of deferred financing costs		(97	)		—			—			(97	)
Payments of capital lease obligations		—			(212	)		—			(212	)
Capital contributions		—			10,845			(10,845	)		—
Net cash provided by financing activities		130,046			10,627			(10,845	)		129,828
Net decrease in cash		(149,201	)		—			—			(149,201	)
Cash, beginning of year		165,878			—			—			165,878
Cash, end of year	$	16,677		$	—		$	—		$	16,677

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Year Ended December 31, 2017
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Cash flows from operating activities:
Net income	$	109,658		$	16,136		$	(16,136	)	$	109,658
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		20,742			3,048			—			23,790
Depreciation on rental equipment		140,489			28,966			—			169,455
Amortization of deferred financing costs		1,046			—			—			1,046
Accretion of note discount, net of premium amortization		274			—			—			274
Provision for losses on accounts receivable		3,148			784			—			3,932
Provision for inventory obsolescence		161			—			—			161
Change in deferred income taxes		(50,535	)		—			—			(50,535	)
Stock-based compensation expense		3,526			—			—			3,526
Loss on early extinguishment of debt		25,363			—			—			25,363
Gain from sales of property and equipment, net		(2,435	)		(2,574	)		—			(5,009	)
Gain from sales of rental equipment, net		(24,063	)		(7,819	)		—			(31,882	)
Equity in earnings of guarantor subsidiaries		(16,136	)		—			16,136			—
Changes in operating assets and liabilities:
Receivables		(29,083	)		(10,929	)		—			(40,012	)
Inventories		(23,221	)		(8,550	)		—			(31,771	)
Prepaid expenses and other assets		(1,687	)		28			—			(1,659	)
Accounts payable		42,623			7,726			—			50,349
Manufacturer flooring plans payable		(10,599	)		1,821			—			(8,778	)
Accrued expenses payable and other liabilities		8,660			(430	)		—			8,230
Deferred compensation payable		61			—			—			61
Net cash provided by operating activities		197,992			28,207			—			226,199
Cash flows from investing activities:
Purchases of property and equipment		(17,852	)		(4,663	)		—			(22,515	)
Purchases of rental equipment		(198,988	)		(35,221	)		—			(234,209	)
Proceeds from sales of property and equipment		3,528			3,978			—			7,506
Proceeds from sales of rental equipment		74,090			22,053			—			96,143
Investment in subsidiaries		14,128			—			(14,128	)		—
Net cash used in investing activities		(125,094	)		(13,853	)		(14,128	)		(153,075	)
Cash flows from financing activities:
Purchases of treasury stock		(783	)		—			—			(783	)
Borrowings on senior secured credit facility		1,193,544			—			—			1,193,544
Payments on senior secured credit facility		(1,356,186	)		—			—			(1,356,186	)
Dividends paid		(39,164	)		(8	)		—			(39,172	)
Principal payments on senior unsecured notes due 2023		(630,000	)		—			—			(630,000	)
Costs paid to tender and redeem senior unsecured notes due 2022		(23,336	)		—			—			(23,336	)
Proceeds from issuance of senior unsecured notes due 2025		958,500			—			—			958,500
Payments of deferred financing costs		(17,278	)		—			—			(17,278	)
Payments of capital lease obligations		—			(218	)		—			(218	)
Capital contributions		—			(14,128	)		14,128			—
Net cash provided by (used in) financing activities		85,297			(14,354	)		14,128			85,071
Net increase in cash		158,195			—			—			158,195
Cash, beginning of year		7,683			—			—			7,683
Cash, end of year	$	165,878		$	—		$	—		$	165,878

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Year Ended December 31, 2016
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Cash flows from operating activities:
Net income	$	37,172		$	11,416		$	(11,416	)	$	37,172
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		24,194			3,088			—			27,282
Depreciation on rental equipment		134,484			27,931			—			162,415
Amortization of deferred financing costs		1,052			—			—			1,052
Accretion of note discount, net of premium amortization		168			—			—			168
Provision for losses on accounts receivable		2,616			521			—			3,137
Provision for inventory obsolescence		127			—			—			127
Change in deferred income taxes		21,578			—			—			21,578
Stock-based compensation expense		3,037			—			—			3,037
Gain from sales of property and equipment, net		(2,789	)		(496	)		—			(3,285	)
Gain from sales of rental equipment, net		(22,780	)		(6,223	)		—			(29,003	)
Equity in earnings of guarantor subsidiaries		(11,416	)		—			11,416			—
Changes in operating assets and liabilities:
Receivables		8,783			(4,629	)		—			4,154
Inventories		5,785			(1,518	)		—			4,267
Prepaid expenses and other assets		2,566			(25	)		—			2,541
Accounts payable		(27,771	)		426			—			(27,345	)
Manufacturer flooring plans payable		(31,534	)		(119	)		—			(31,653	)
Accrued expenses payable and other liabilities		2,263			(596	)		—			1,667
Deferred compensation payable		(332	)		—			—			(332	)
Net cash provided by operating activities		147,203			29,776			—			176,979
Cash flows from investing activities:
Purchases of property and equipment		(19,505	)		(3,390	)		—			(22,895	)
Purchases of rental equipment		(138,562	)		(41,147	)		—			(179,709	)
Proceeds from sales of property and equipment		3,190			615			—			3,805
Proceeds from sales of rental equipment		67,282			17,107			—			84,389
Investment in subsidiaries		2,749			—			(2,749	)		—
Net cash used in investing activities		(84,846	)		(26,815	)		(2,749	)		(114,410	)
Cash flows from financing activities:
Purchases of treasury stock		(561	)		—			—			(561	)
Borrowing on senior secured credit facility		966,146			—			—			966,146
Payments on senior secured credit facility		(988,361	)		—			—			(988,361	)
Dividends paid		(39,057	)		(9	)		—			(39,066	)
Payments of capital lease obligations		—			(203	)		—			(203	)
Capital contributions		—			(2,749	)		2,749			—
Net cash used in financing activities		(61,833	)		(2,961	)		2,749			(62,045	)
Net increase in cash		524			—			—			524
Cash, beginning of year		7,159			—			—			7,159
Cash, end of year	$	7,683		$	—		$	—		$	7,683

Validation And Qualifying Accounts

12 Months Ended

Dec. 31, 2018

Valuation And Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts

SCHEDULE II: VALUATION AND QUALIFYING ACCOUNTS

FOR THE YEARS ENDED DECEMBER 31, 2018, 2017 AND 2016

(Amounts in thousands)

Description	Balance at Beginning of Year		Additions Charged to Costs and Expenses		Deductions			Balance at End of Year
Year Ended December 31, 2018
Allowance for doubtful accounts receivable	$	3,774	$	2,741	$	(2,421	)	$	4,094
Allowance for inventory obsolescence		947		122		(701	)		368
	$	4,721	$	2,863	$	(3,122	)	$	4,462
Year Ended December 31, 2017
Allowance for doubtful accounts receivable	$	3,769	$	3,932	$	(3,927	)	$	3,774
Allowance for inventory obsolescence		900		161		(114	)		947
	$	4,669	$	4,093	$	(4,041	)	$	4,721
Year Ended December 31, 2016
Allowance for doubtful accounts receivable	$	4,729	$	3,137	$	(4,097	)	$	3,769
Allowance for inventory obsolescence		934		127		(161	)		900
	$	5,663	$	3,264	$	(4,258	)	$	4,669

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Principles of Consolidation and Basis of Presentation

Use of Estimates

Revenue Recognition

Nature of goods and services



	Year Ended December 31,
	2018			2017
	Topic 840	Topic 606	Total	Topic 840	Topic 606	Total
Rental revenues	$ 590,858	$ 1,335	$ 592,193	$ 476,978	$ 2,038	$ 479,016
New equipment sales	─	262,948	262,948	─	203,301	203,301
Used equipment sales	─	125,125	125,125	─	107,329	107,329
Parts sales	─	120,454	120,454	─	114,253	114,253
Service revenues	─	63,488	63,488	─	62,873	62,873
Other	21,693	53,060	74,753	17,791	45,456	63,247
Total revenues	$ 612,551	$ 626,410	$ 1,238,961	$ 494,769	$ 535,250	$ 1,030,019


	Year Ended December 31, 2016
	Topic 840	Topic 606	Total
Rental revenues	$ 443,148	$ 2,079	$ 445,227
New equipment sales	─	196,688	196,688
Used equipment sales	─	96,910	96,910
Parts sales	─	115,989	115,989
Service revenues	─	64,673	64,673
Other	16,199	42,451	58,650
Total revenues	$ 459,347	$ 518,790	$ 978,137

Lease revenues (Topic 840)

See discussion below in “Pending Accounting Pronouncements Not Yet Adopted” for the expected impact of adopting Topic 842, which became effective for us on January 1, 2019.

Revenues from contracts with customers (Topic 606)

New equipment sales: Revenues from the sales of new equipment are recognized at the time of delivery to, or pick-up by, the customer, which is when the customer obtains control of the promised good.

Receivables and contract assets and liabilities

Performance obligations

Payment terms

Sales tax amounts collected from customers are recorded on a net basis.

Contract costs

Contract estimates and judgments

Inventories

Long-lived Assets and Goodwill

Rental Equipment

Property and Equipment

Category		Estimated Useful Life
Transportation equipment		5 years
Buildings		39 years
Office equipment		5 years
Computer equipment		3 years
Machinery and equipment		7 years

Goodwill

The changes in the carrying amount of goodwill for our reporting units for the years ended December 31, 2018 and 2017 were as follows (amounts in thousands):

Eq. Rental Comp. 1

Eq. Rental Comp. 2

New Eq. Sales

Used Eq. Sales

Parts Sales

Services Revenues

Total

Balance at December 31, 2016

$ ─

$ 18,700

$ ─

$ 6,137

$ 6,360

$ ─

$ 31,197

Increases (Decreases)

─

Balance at December 31, 2017

─

18,700

─

6,137

6,360

─

31,197

Increases ⁽¹⁾

34,297

23,836

10,434

2,324

2,550

1,205

74,646

Decreases

─

Balance at December 31, 2018

$ 34,297

$ 42,536

$ 10,434

$ 8,461

$ 8,910

$ 1,205

$105,843

(1) Increases are related to goodwill recognized in the CEC and Rental Inc. 2018 acquisitions. See footnote 3 for further information.

Closed Branch Facility Charges

Deferred Financing Costs and Initial Purchasers' Discounts

Deferred Financing Costs and Initial Purchasers’ Discounts

Reserves for Claims

Advertising

Advertising costs are expensed as incurred and totaled $0.5 million, $0.5 million and $1.0 million for the years ended December 31, 2018, 2017 and 2016, respectively.

Income Taxes

Fair Value of Financial Instruments

Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities

Level 2 – Quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly

Level 3 – Unobservable inputs for which little or no market data exists, therefore requiring a company to develop its own assumptions

	December 31, 2018
	Carrying Amount		Fair Value
Manufacturer flooring plans payable with interest computed at 5.50% (Level 3)	$	23,666	$	19,870
Senior unsecured notes due 2025 with interest computed at 5.625% (Level 2)		944,780		871,625
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)		726		330
Letter of credit (Level 3)		—		116

	December 31, 2017
	Carrying Amount		Fair Value
Manufacturer flooring plans payable with interest computed at 4.50% (Level 3)	$	22,002	$	18,737
Senior unsecured notes due 2025 with interest computed at 5.625% (Level 3)		944,088		619,019
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)		1,486		1,114
Letter of credit (Level 3)		—		116

Concentrations of Credit and Supplier Risk

Income per Share

The following table sets forth the computation of basic and diluted net income per common share for the years ended December 31, (amounts in thousands, except per share amounts):

	2018		2017		2016
Basic net income per share:
Net income	$	76,623	$	109,658	$	37,172
Weighted average number of common shares outstanding		35,677		35,516		35,393
Net income per common share — basic	$	2.15	$	3.09	$	1.05
Diluted net income per share:
Net income	$	76,623	$	109,658	$	37,172
Weighted average number of common shares outstanding		35,677		35,516		35,393
Effect of dilutive securities:
Effect of dilutive stock options		—		—		—
Effect of dilutive non-vested stock		226		183		87
Weighted average number of common shares outstanding — diluted		35,903		35,699		35,480
Net income per common share — diluted	$	2.13	$	3.07	$	1.05
Common shares excluded from the denominator as anti-dilutive:
Stock options		—		—		4
Non-vested stock		43		—		3

Stock-Based Compensation

Non-vested Stock

	Number of Shares			Weighted Average Grant Date Fair Value
Non-vested stock at January 1, 2017		400,801		$	18.86
Granted		190,134		$	22.94
Vested		(131,807	)	$	21.85
Forfeited		(13,164	)	$	19.50
Non-vested stock at December 31, 2017		445,964		$	19.70
Granted		143,121		$	37.10
Vested		(181,194	)	$	20.53
Forfeited		(28,332	)	$	19.61
Non-vested stock at December 31, 2018		379,559		$	25.87

Stock Options

The following table represents stock option activity for the years ended December 31, 2018 and 2017:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Contractual Life In Years
Outstanding options at January 1, 2017		4,500		$	19.27	0.5
Granted		—			—
Exercised		—			—
Canceled, forfeited or expired		(4,500	)		19.27
Outstanding options at December 31, 2017		—
Granted		—
Exercised		—
Canceled, forfeited or expired		—
Outstanding options at December 31, 2018		—
Options exercisable at December 31, 2018		—

Purchases of Company Common Stock

Segment Reporting

Recent Accounting Pronouncements

Pronouncements Not Yet Adopted

Recent Accounting Pronouncements Adopted in 2018


			Year Ended December 31, 2017
Statement of Income:		As Previously Reported		Adjustments	Current Presentation
Revenues:
Equipment rentals	$ 479,016			$ ─	$ 479,016
New equipment sales	203,301			─	203,301
Used equipment sales	107,329			─	107,329
Parts sales	107,384			6,869	114,253
Services revenues	62,873			─	62,873
Other	70,116			(6,869)	63,247
Total revenues	1,030,019			─	1,030,019
Cost of revenues:
Rental depreciation	169,455			─	169,455
Rental expense	77,706			─	77,706
New equipment sales	180,702			─	180,702
Used equipment sales	74,132			─	74,132
Parts sales	77,713			5,422	83,135
Services revenues	21,111			─	21,111
Other	69,292			(5,422)	63,870
Total cost of revenues	670,111			─	670,111
Gross profit	$ 359,908			$ ─	$ 359,908




			Year Ended December 31, 2016
Statement of Income:		As Previously Reported		Adjustments	Current Presentation
Revenues:
Equipment rentals	$ 445,227			$ ─	$ 445,227
New equipment sales	196,688			─	196,688
Used equipment sales	96,910			─	96,910
Parts sales	109,147			6,842	115,989
Services revenues	64,673			─	64,673
Other	65,492			(6,842)	58,650
Total revenues	978,137			─	978,137
Cost of revenues:
Rental depreciation	162,415			─	162,415
Rental expense	71,694			─	71,694
New equipment sales	175,556			─	175,556
Used equipment sales	66,738			─	66,738
Parts sales	78,966			5,361	84,327
Services revenues	21,839			─	21,839
Other	65,318			(5,361)	59,957
Total cost of revenues	642,526			─	642,526
Gross profit	$ 335,611			$ ─	$ 335,611

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Summary of Revenue by Type and by Applicable Accounting Standard



	Year Ended December 31,
	2018			2017
	Topic 840	Topic 606	Total	Topic 840	Topic 606	Total
Rental revenues	$ 590,858	$ 1,335	$ 592,193	$ 476,978	$ 2,038	$ 479,016
New equipment sales	─	262,948	262,948	─	203,301	203,301
Used equipment sales	─	125,125	125,125	─	107,329	107,329
Parts sales	─	120,454	120,454	─	114,253	114,253
Service revenues	─	63,488	63,488	─	62,873	62,873
Other	21,693	53,060	74,753	17,791	45,456	63,247
Total revenues	$ 612,551	$ 626,410	$ 1,238,961	$ 494,769	$ 535,250	$ 1,030,019


	Year Ended December 31, 2016
	Topic 840	Topic 606	Total
Rental revenues	$ 443,148	$ 2,079	$ 445,227
New equipment sales	─	196,688	196,688
Used equipment sales	─	96,910	96,910
Parts sales	─	115,989	115,989
Service revenues	─	64,673	64,673
Other	16,199	42,451	58,650
Total revenues	$ 459,347	$ 518,790	$ 978,137

Estimated Useful Lives of Property Plant and Equipment

Generally, we assign the following estimated useful lives to these categories:

Category		Estimated Useful Life
Transportation equipment		5 years
Buildings		39 years
Office equipment		5 years
Computer equipment		3 years
Machinery and equipment		7 years

Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for our reporting units for the years ended December 31, 2018 and 2017 were as follows (amounts in thousands):

Eq. Rental Comp. 1

Eq. Rental Comp. 2

New Eq. Sales

Used Eq. Sales

Parts Sales

Services Revenues

Total

Balance at December 31, 2016

$ ─

$ 18,700

$ ─

$ 6,137

$ 6,360

$ ─

$ 31,197

Increases (Decreases)

─

Balance at December 31, 2017

─

18,700

─

6,137

6,360

─

31,197

Increases ⁽¹⁾

34,297

23,836

10,434

2,324

2,550

1,205

74,646

Decreases

─

Balance at December 31, 2018

$ 34,297

$ 42,536

$ 10,434

$ 8,461

$ 8,910

$ 1,205

$105,843

(1) Increases are related to goodwill recognized in the CEC and Rental Inc. 2018 acquisitions. See footnote 3 for further information.

Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements

The carrying amounts and fair values of our other financial instruments subject to fair value disclosures as of December 31, 2018 and 2017 are presented in the table below (amounts in thousands) and have been calculated based upon market quotes and present value calculations based on market rates.

	December 31, 2018
	Carrying Amount		Fair Value
Manufacturer flooring plans payable with interest computed at 5.50% (Level 3)	$	23,666	$	19,870
Senior unsecured notes due 2025 with interest computed at 5.625% (Level 2)		944,780		871,625
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)		726		330
Letter of credit (Level 3)		—		116

	December 31, 2017
	Carrying Amount		Fair Value
Manufacturer flooring plans payable with interest computed at 4.50% (Level 3)	$	22,002	$	18,737
Senior unsecured notes due 2025 with interest computed at 5.625% (Level 3)		944,088		619,019
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)		1,486		1,114
Letter of credit (Level 3)		—		116

Summary of Computation of Basic and Diluted Net Income Per Common Share

The following table sets forth the computation of basic and diluted net income per common share for the years ended December 31, (amounts in thousands, except per share amounts):

	2018		2017		2016
Basic net income per share:
Net income	$	76,623	$	109,658	$	37,172
Weighted average number of common shares outstanding		35,677		35,516		35,393
Net income per common share — basic	$	2.15	$	3.09	$	1.05
Diluted net income per share:
Net income	$	76,623	$	109,658	$	37,172
Weighted average number of common shares outstanding		35,677		35,516		35,393
Effect of dilutive securities:
Effect of dilutive stock options		—		—		—
Effect of dilutive non-vested stock		226		183		87
Weighted average number of common shares outstanding — diluted		35,903		35,699		35,480
Net income per common share — diluted	$	2.13	$	3.07	$	1.05
Common shares excluded from the denominator as anti-dilutive:
Stock options		—		—		4
Non-vested stock		43		—		3

Schedule of Non-Vested Stock Activity

The following table summarizes our non-vested stock activity for the years ended December 31, 2018 and 2017:

	Number of Shares			Weighted Average Grant Date Fair Value
Non-vested stock at January 1, 2017		400,801		$	18.86
Granted		190,134		$	22.94
Vested		(131,807	)	$	21.85
Forfeited		(13,164	)	$	19.50
Non-vested stock at December 31, 2017		445,964		$	19.70
Granted		143,121		$	37.10
Vested		(181,194	)	$	20.53
Forfeited		(28,332	)	$	19.61
Non-vested stock at December 31, 2018		379,559		$	25.87

Schedule of Share Based Compensation Stock Options Activity

The following table represents stock option activity for the years ended December 31, 2018 and 2017:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Contractual Life In Years
Outstanding options at January 1, 2017		4,500		$	19.27	0.5
Granted		—			—
Exercised		—			—
Canceled, forfeited or expired		(4,500	)		19.27
Outstanding options at December 31, 2017		—
Granted		—
Exercised		—
Canceled, forfeited or expired		—
Outstanding options at December 31, 2018		—
Options exercisable at December 31, 2018		—

Recast of Our Results for Prior Year


			Year Ended December 31, 2017
Statement of Income:		As Previously Reported		Adjustments	Current Presentation
Revenues:
Equipment rentals	$ 479,016			$ ─	$ 479,016
New equipment sales	203,301			─	203,301
Used equipment sales	107,329			─	107,329
Parts sales	107,384			6,869	114,253
Services revenues	62,873			─	62,873
Other	70,116			(6,869)	63,247
Total revenues	1,030,019			─	1,030,019
Cost of revenues:
Rental depreciation	169,455			─	169,455
Rental expense	77,706			─	77,706
New equipment sales	180,702			─	180,702
Used equipment sales	74,132			─	74,132
Parts sales	77,713			5,422	83,135
Services revenues	21,111			─	21,111
Other	69,292			(5,422)	63,870
Total cost of revenues	670,111			─	670,111
Gross profit	$ 359,908			$ ─	$ 359,908




			Year Ended December 31, 2016
Statement of Income:		As Previously Reported		Adjustments	Current Presentation
Revenues:
Equipment rentals	$ 445,227			$ ─	$ 445,227
New equipment sales	196,688			─	196,688
Used equipment sales	96,910			─	96,910
Parts sales	109,147			6,842	115,989
Services revenues	64,673			─	64,673
Other	65,492			(6,842)	58,650
Total revenues	978,137			─	978,137
Cost of revenues:
Rental depreciation	162,415			─	162,415
Rental expense	71,694			─	71,694
New equipment sales	175,556			─	175,556
Used equipment sales	66,738			─	66,738
Parts sales	78,966			5,361	84,327
Services revenues	21,839			─	21,839
Other	65,318			(5,361)	59,957
Total cost of revenues	642,526			─	642,526
Gross profit	$ 335,611			$ ─	$ 335,611

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Business Acquisition [Line Items]

Unaudited Pro Forma Consolidated Statements of Income Information

The unaudited tables below present unaudited pro forma consolidated statements of income information for the year December 31, 2017 as if CEC and Rental Inc. were included in our consolidated results for the entire period presented.



	(amounts in thousands, except per share data)
	Year Ended December 31, 2017
	H&E	CEC	Rental Inc.	Total
Total revenues	$1,030,019	$36,790	$34,942	$1,101,751

Pretax income	59,344	3,043	7,267	69,654
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation (1)	—	(3,575)	(2,794)	(6,369)
Intangible asset amortization (2)	—	(2,420)	(1,200)	(3,620)
Elimination of merger related costs	788	4,465	—	5,285
Interest expense (3)	—	—	(1,609)	(1,609)
Elimination of historic interest expense (4)	—	1,966	382	2,348
Pro forma pretax income	60,132	3,479	2,046	65,689
Pro forma income tax benefit	(50,511)	(2,922)	(1,719)	(55,179)
Pro forma net income	$ 110,643	$6,401	$3,765	$120,868
Pro forma net income per share – basic	$ 3.12	$ 0.18	$ 0.11	$ 3.40
Pro forma net income per share - diluted	$ 3.10	$ 0.18	$ 0.11	$ 3.39



	(amounts in thousands, except per share data)
	Year Ended December 31, 2018
	H&E(5)	Rental Inc.(6)	Total
Total revenues	$1,238,961	$7,408	$1,246,369

Pretax income	104,663	1,020	105,683
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation (1)	─	(749)	(749)
Intangible asset amortization (2)	─	(300)	(300)
Interest expense (3)	─	(480)	(480)
Elimination of historic interest expense (4)	─	82	82
Pro forma pretax income (loss)	104,663	(427)	104,236
Pro forma income tax expense (benefit)	28,040	(114)	27,926
Pro forma net income (loss)	$ 76,623	$ (313)	$ 76,310
Pro forma net income (loss) per share – basic	$ 2.15	$(0.01)	$ 2.14
Pro forma net income (loss) per share - diluted	$ 2.13	$(0.01)	$ 2.13

(1)

Depreciation of rental equipment and non-rental equipment were adjusted for the fair value markups, and the changes in useful lives and salvage values of the equipment acquired in the acquisitions.

(2)

Represents the amortization of the intangible assets acquired in the acquisitions.

(3)

A portion of the consideration paid for Rental Inc. was funded with borrowings from our Credit Facility. Interest expense was adjusted to reflect the additional debt resulting from such acquisition.

(4)

Represents the elimination of historic debt of CEC and Rental Inc. that is not part of the combined entity.

(5)

(6)

Represents Rental Inc. pro forma operating results for the three month period ended March 31, 2018. We completed the Rental Inc. acquisition effective April 1, 2018.

CEC [Member]

Business Acquisition [Line Items]

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date. We do not expect any further changes to these assigned values.


		$’s in thousands

Cash		$ 1,244
Accounts receivable		7,583
Inventory		504
Prepaid expenses and other assets		324
Rental equipment		55,342
Property and equipment		2,700
Intangible assets (1)		21,500
Total identifiable assets acquired		89,197
Accounts payable		(1,023)
Accrued expenses payable and other liabilities		(876)
Total liabilities assumed		(1,899)
Net identifiable assets acquired		87,298
Goodwill (2)		45,092
Net assets acquired		$ 132,390

(1)

The following table reflects the estimated fair values and useful lives of the acquired intangible assets identified based on our purchase accounting assessments:


	Fair Value (amounts in thousands)	Life (years)
Customer relationships	$ 21,000	10
Tradenames	300	1
Leasehold interests	200	10
	$ 21,500

(2)

We have allocated the $45.1 million goodwill among our six goodwill reporting units as follows (amounts in thousands):


Rental Component 1	$25,233
Rental Component 2	18,391
New Equipment	217
Used Equipment	632
Parts	379
Service	240

Rental Inc [Member]

Business Acquisition [Line Items]

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed as of the acquisition date. The amounts presented here are preliminary and are subject to change. However, we do not expect material changes to these assigned values.


		$’s in thousands

Cash		$ 260
Accounts receivable		2,873
Inventory		5,324
Prepaid expenses and other assets		47
Rental equipment		22,578
Property and equipment		1,935
Intangible assets (1)		10,200
Total identifiable assets acquired		43,217
Accounts payable		(439)
Manufacturer flooring plans payable		(3,293)
Accrued expenses payable and other liabilities		(469)
Total liabilities assumed		(4,201)
Net identifiable assets acquired		39,016
Goodwill (2)		29,554
Net assets acquired		$ 68,570

(1)

The following table reflects the estimated fair values and useful lives of the acquired intangible assets identified based on our purchase accounting assessments:


	Fair Value (amounts in thousands)	Life (years)
Customer relationships	$ 10,000	10
Tradenames	200	1
	$ 10,200

(2)

We have allocated the $29.6 million goodwill among our six goodwill reporting units as follows (amounts in thousands):


Rental Component 1	$9,064
Rental Component 2	5,445
New Equipment	10,217
Used Equipment	1,692
Parts	2,171
Service	964

Receivables (Tables)

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Summary of Receivables

Receivables consisted of the following at December 31, (amounts in thousands):

	2018			2017
Trade receivables	$	194,601		$	172,522
Unbilled rental revenue		8,833			6,291
Income tax receivables		2,181			997
Other		35			45
		205,650			179,855
Less allowance for doubtful accounts		(4,094	)		(3,774	)
Total receivables, net	$	201,556		$	176,081

Inventories (Tables)

12 Months Ended

Dec. 31, 2018

Inventory Disclosure [Abstract]

Summary of Inventories

Inventories consisted of the following at December 31, (amounts in thousands):

	2018		2017
New equipment	$	84,603	$	55,704
Used equipment		1,980		2,421
Parts, supplies and other		18,015		16,879
Total inventories, net	$	104,598	$	75,004

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2018

Property Plant And Equipment [Abstract]

Summary of Net Property and Equipment

Net property and equipment consisted of the following at December 31, (amounts in thousands):

	2018			2017
Land	$	7,597		$	7,165
Transportation equipment		106,011			93,550
Building and leasehold improvements		63,060			55,523
Office and computer equipment		51,758			53,256
Machinery and equipment		17,811			15,983
Property under capital leases		2,417			3,217
Construction in progress		9,129			4,595
		257,783			233,289
Less accumulated depreciation and amortization		(142,662	)		(131,500	)
Total net property and equipment	$	115,121		$	101,789

Manufacturer Flooring Plans Payable (Tables)

12 Months Ended

Dec. 31, 2018

Text Block [Abstract]

Maturities of Manufacturer Flooring Plans Payable

2019	$	12,605
2020		10,822
2021		239
Thereafter		—
Total	$	23,666

Accrued Expenses Payable and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Payables And Accruals [Abstract]

Summary of Accrued Expenses Payable and Other Liabilities

Accrued expenses payable and other liabilities consisted of the following at December 31, (amounts in thousands):

	2018		2017
Payroll and related liabilities	$	24,864	$	20,429
Sales, use and property taxes		10,069		9,635
Accrued interest		18,771		19,134
Accrued insurance		4,328		4,211
Deferred revenue		5,973		6,631
Other		9,366		5,055
Total accrued expenses payable and other liabilities	$	73,371	$	65,095

Senior Unsecured Notes (Tables)

12 Months Ended

Dec. 31, 2018

Senior Unsecured Notes [Member]

Debt Instrument [Line Items]

Reconciliation of Senior Unsecured Notes to Condensed Consolidated Balance Sheets

The following table reconciles our Senior Unsecured Notes to our Consolidated Balance Sheets (amounts in thousands):

Balance at December 31, 2016	$	627,711
Accretion of discount on Old Notes through August 24, 2017		683
Amortization of note premium on Old Notes through August 24, 2017		(574	)
Amortization of deferred financing costs on Old Notes through August 24, 2017		153
Aggregate principal amount paid on Old Notes		(630,000	)
Writeoff of unaccreted discount on Old Notes		5,294
Writeoff of unamortized premium on Old Notes		(4,452	)
Writeoff of deferred financing costs on Old Notes		1,185
Aggregate principal amount issued on New Notes		950,000
Notes discount and deferred transaction costs on New Notes		(14,684	)
Note premium on New Notes		8,500
Accretion of discount on New Notes from August 24, 2017 through December 31, 2017		542
Amortization of note premium on New Notes from August 24, 2017 through December 31, 2017		(375	)
Amortization of deferred financing costs on New Notes from August 24, 2017 through December 31, 2017		105
Balance at December 31, 2017	$	944,088
Accretion of discount through December 31, 2018		1,539
Amortization of note premium through December 31, 2018		(1,062	)
Additional deferred financing costs on New Notes		(97	)
Amortization of deferred financing costs through December 31, 2018		312
Balance at December 31, 2018	$	944,780

Capital Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2018

Leases [Abstract]

Future Minimum Capital Lease Payments

Future minimum capital lease payments, in the aggregate, existing at December 31, 2018 for each of the next five years ending December 31 and thereafter are as follows (amounts in thousands):

2019	$	252
2020		252
2021		252
2022		42
Total minimum lease payments		798
Less: amount representing interest		(72	)
Present value of minimum lease payments	$	726

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Income Tax Provision (Benefit)

Our income tax provision (benefit) for the years ended December 31, 2018, 2017 and 2016, consists of the following (amounts in thousands):

	Current			Deferred			Total
Year ended December 31, 2018:
U.S. Federal	$	(1,522	)	$	23,126		$	21,604
State		2,868			3,568			6,436
	$	1,346		$	26,694		$	28,040
Year ended December 31, 2017:
U.S. Federal	$	—		$	(54,241	)	$	(54,241	)
State		220			3,707			3,927
	$	220		$	(50,534	)	$	(50,314	)
Year ended December 31, 2016
U.S. Federal	$	—		$	21,516		$	21,516
State		280			62			342
	$	280		$	21,578		$	21,858

Deferred Income Tax Assets and Liabilities

Significant components of our deferred income tax assets and liabilities as of December 31 are as follows (amounts in thousands):

	2018			2017
Deferred tax assets:
Accounts receivable	$	1,010		$	929
Inventories		93			239
Net operating losses		86,859			18,165
AMT and tax credits		2,110			3,565
Sec 263A costs		752			544
Accrued liabilities		2,869			2,767
Deferred compensation		1,561			1,132
Accrued interest		387			365
Stock-based compensation		146			181
Goodwill and intangible assets		346			—
Other assets		415			531
		96,548			28,418
Valuation allowance		(609	)		(732	)
		95,939			27,686
Deferred tax liabilities:
Property and equipment		(245,198	)		(152,235	)
Investments		(1,076	)		(1,066	)
Goodwill and intangible assets		(2,778	)		(804	)
		(249,052	)		(154,105	)
Net deferred tax liabilities	$	(153,113	)	$	(126,419	)

Actual Income Tax Expense (Benefit)

	2018			2017			2016
Computed tax at statutory rates	$	21,979		$	20,770		$	20,660
Permanent items - other		1,021			911			904
Permanent items - excess of tax deductible goodwill		—			(2,130	)		—
State income tax, net of federal tax effect		5,246			2,563			2,115
Change in valuation allowance		(123	)		397			207
Change in uncertain tax positions		(83	)		(5,960	)		66
Other - change in deferred state rate		—			—			(2,094	)
Impact of the Act federal rate change		—			(66,865	)		—
	$	28,040		$	(50,314	)	$	21,858

Amounts of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows (in thousands):

	2018			2017
Gross unrecognized tax benefits at January 1	$	106		$	6,119
Increases in tax positions taken in prior years		—			22
Decreases in tax positions taken in prior years		(106	)		(22	)
Lapse in statute of limitations		—			(6,013	)
Gross unrecognized tax benefits at December 31	$	—		$	106

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2018

Commitments And Contingencies Disclosure [Abstract]

Future Minimum Operating Lease Payments

Future minimum operating lease payments existing at December 31, 2018 for each of the next five years ending December 31 and thereafter are as follows (amounts in thousands):

2019	$	21,775
2020		21,965
2021		21,176
2022		19,854
2023		17,145
Thereafter		86,398
	$	188,313

Summarized Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Summary of Unaudited Quarterly Financial Results of Operations

The following is a summary of our unaudited quarterly financial results of operations for the years ended December 31, 2018 and 2017 (amounts in thousands, except per share amounts):

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2018:
Total revenues	$	260,482	$	310,364	$	322,141	$	345,974
Income from operations		27,326		43,103		45,318		50,899
Income before provision for income taxes		13,068		27,869		28,971		34,755
Net income		9,478		20,771		21,314		25,060
Basic net income per common share⁽¹⁾		0.27		0.58		0.60		0.70
Diluted net income per common share⁽¹⁾		0.26		0.58		0.59		0.70

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2017:
Total revenues	$	226,828	$	249,363	$	259,162	$	294,666
Income from operations⁽²⁾		21,325		28,668		47,654		40,268
Income before provision for income taxes⁽³⁾		8,530		15,668		7,577		27,569
Net income⁽⁴⁾		5,390		9,878		8,462		85,928
Basic net income per common share⁽¹⁾		0.15		0.28		0.24		2.41
Diluted net income per common share⁽¹⁾		0.15		0.28		0.24		2.40

⁽¹⁾

Because of the method used in calculating per share data, the summation of quarterly per share data may not necessarily total to the per share data computed for the entire year due to rounding.

⁽²⁾

Includes approximately $6.5 million and $5.8 million of net merger breakup fee proceeds (net of merger costs) for the third and fourth quarters of 2017, respectively.

⁽³⁾

In addition to the amounts described in (2) above, the third quarter of 2017 includes a $25.4 million loss on the early extinguishment of debt.

⁽⁴⁾

Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Schedule of Information about Reportable Segments

. The following table presents information about our reportable segments (amounts in thousands):

	Years Ended December 31,
	2018			2017			2016
Segment Revenues:
Equipment rentals	$	592,193		$	479,016		$	445,227
New equipment sales		262,948			203,301			196,688
Used equipment sales		125,125			107,329			96,910
Parts sales		120,454			114,253			115,989
Services revenues		63,488			62,873			64,673
Total segmented revenues		1,164,208			966,772			919,487
Non-Segmented revenues		74,753			63,247			58,650
Total revenues	$	1,238,961		$	1,030,019		$	978,137
Segment Gross Profit:
Equipment rentals	$	294,220		$	231,855		$	211,118
New equipment sales		30,891			22,599			21,132
Used equipment sales		39,073			33,197			30,172
Parts sales		32,191			31,118			31,662
Services revenues		42,160			41,762			42,834
Total gross profit from segmented revenues		438,535			360,531			336,918
Non-Segmented gross profit (loss)		(1	)		(623	)		(1,307	)
Total gross profit	$	438,534		$	359,908		$	335,611

	December 31,
	2018		2017
Segment identified assets:
Equipment sales	$	86,583	$	58,125
Equipment rentals		1,141,498		904,824
Parts and service		18,015		16,879
Total segment identified assets		1,246,096		979,828
Non-Segmented identified assets		481,085		487,889
Total assets	$	1,727,181	$	1,467,717

Consolidating Financial Information of Guarantor Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2018
	H&E Equipment Services		Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Assets:
Cash	$	16,677	$	—		$	—		$	16,677
Receivables, net		166,393		35,163			—			201,556
Inventories, net		94,483		10,115			—			104,598
Prepaid expenses and other assets		10,382		126			—			10,508
Rental equipment, net		983,281		158,217			—			1,141,498
Property and equipment, net		98,251		16,870			—			115,121
Deferred financing costs, net		3,000		—			—			3,000
Investment in guarantor subsidiaries		246,309		—			(246,309	)		—
Intangible assets, net		28,380		—			—			28,380
Goodwill		76,317		29,526			—			105,843
Total assets	$	1,723,473	$	250,017		$	(246,309	)	$	1,727,181
Liabilities and Stockholders’ Equity:
Amount due on senior secured credit facility	$	170,761	$	—		$	—		$	170,761
Accounts payable		95,866		5,974			—			101,840
Manufacturer flooring plans payable		23,178		488			—			23,666
Accrued expenses payable and other liabilities		76,798		(3,427	)		—			73,371
Dividends payable		185		(53	)		—			132
Senior unsecured notes		944,780		—			—			944,780
Capital leases payable		—		726			—			726
Deferred income taxes		153,113		—			—			153,113
Deferred compensation payable		1,989		—			—			1,989
Total liabilities		1,466,670		3,708			—			1,470,378
Stockholders’ equity		256,803		246,309			(246,309	)		256,803
Total liabilities and stockholders’ equity	$	1,723,473	$	250,017		$	(246,309	)	$	1,727,181

CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2017
	H&E Equipment Services		Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Assets:
Cash	$	165,878	$	—		$	—		$	165,878
Receivables, net		138,657		37,424			—			176,081
Inventories, net		63,828		11,176			—			75,004
Prepaid expenses and other assets		9,030		142			—			9,172
Rental equipment, net		760,972		143,852			—			904,824
Property and equipment, net		89,952		11,837			—			101,789
Deferred financing costs, net		3,772		—			—			3,772
Investment in guarantor subsidiaries		222,217		—			(222,217	)		—
Goodwill		1,671		29,526			—			31,197
Total assets	$	1,455,977	$	233,957		$	(222,217	)	$	1,467,717
Liabilities and Stockholders’ Equity:
Amount due on senior secured credit facility	$	—	$	—		$	—		$	—
Accounts payable		78,811		10,970			—			89,781
Manufacturer flooring plans payable		20,300		1,702			—			22,002
Accrued expenses payable and other liabilities		67,466		(2,371	)		—			65,095
Dividends payable		197		(47	)		—			150
Senior unsecured notes		944,088		—			—			944,088
Capital leases payable		—		1,486			—			1,486
Deferred income taxes		126,419		—			—			126,419
Deferred compensation payable		1,903		—			—			1,903
Total liabilities		1,239,184		11,740			—			1,250,924
Stockholders’ equity		216,793		222,217			(222,217	)		216,793
Total liabilities and stockholders’ equity	$	1,455,977	$	233,957		$	(222,217	)	$	1,467,717

Condensed Consolidating Statement of Income

CONDENSED CONSOLIDATING STATEMENT OF INCOME

	Year Ended December 31, 2018
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Revenues:
Equipment rentals	$	506,620		$	85,573		$	—		$	592,193
New equipment sales		207,564			55,384			—			262,948
Used equipment sales		102,005			23,120			—			125,125
Parts sales		103,586			16,868			—			120,454
Services revenues		53,534			9,954			—			63,488
Other		62,633			12,120			—			74,753
Total revenues		1,035,942			203,019			—			1,238,961
Cost of revenues:
Rental depreciation		178,371			30,082			—			208,453
Rental expense		76,487			13,033			—			89,520
New equipment sales		183,164			48,893			—			232,057
Used equipment sales		69,960			16,092			—			86,052
Parts sales		76,425			11,838			—			88,263
Services revenues		18,100			3,228			—			21,328
Other		62,745			12,009			—			74,754
Total cost of revenues		665,252			135,175			—			800,427
Gross profit (loss):
Equipment rentals		251,762			42,458			—			294,220
New equipment sales		24,400			6,491			—			30,891
Used equipment sales		32,045			7,028			—			39,073
Parts sales		27,161			5,030			—			32,191
Services revenues		35,434			6,726			—			42,160
Other		(112	)		111			—			(1	)
Gross profit		370,690			67,844			—			438,534
Selling, general and administrative expenses		232,892			45,406			—			278,298
Equity in earnings of guarantor subsidiaries		13,247			—			(13,247	)		—
Merger costs		708			—			—			708
Gain from sales of property and equipment, net		6,475			643			—			7,118
Income from operations		156,812			23,081			(13,247	)		166,646
Other income (expense):
Interest expense		(53,681	)		(10,026	)		—			(63,707	)
Other, net		1,532			192			—			1,724
Total other expense, net		(52,149	)		(9,834	)		—			(61,983	)
Income before provision for income taxes		104,663			13,247			(13,247	)		104,663
Provision for income taxes		28,040			—			—			28,040
Net income	$	76,623		$	13,247		$	(13,247	)	$	76,623

CONDENSED CONSOLIDATING STATEMENT OF INCOME

	Year Ended December 31, 2017
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Revenues:
Equipment rentals	$	395,275		$	83,741		$	—		$	479,016
New equipment sales		166,730			36,571			—			203,301
Used equipment sales		84,741			22,588			—			107,329
Parts sales		97,852			16,401			—			114,253
Services revenues		52,807			10,066			—			62,873
Other		51,627			11,620			—			63,247
Total revenues		849,032			180,987			—			1,030,019
Cost of revenues:
Rental depreciation		140,489			28,966			—			169,455
Rental expense		64,598			13,108			—			77,706
New equipment sales		148,163			32,539			—			180,702
Used equipment sales		59,481			14,651			—			74,132
Parts sales		71,603			11,532			—			83,135
Services revenues		17,851			3,260			—			21,111
Other		52,068			11,802			—			63,870
Total cost of revenues		554,253			115,858			—			670,111
Gross profit (loss):
Equipment rentals		190,188			41,667			—			231,855
New equipment sales		18,567			4,032			—			22,599
Used equipment sales		25,260			7,937			—			33,197
Parts sales		26,249			4,869			—			31,118
Services revenues		34,956			6,806			—			41,762
Other		(441	)		(182	)		—			(623	)
Gross profit		294,779			65,129			—			359,908
Selling, general and administrative expenses		190,392			42,392			—			232,784
Equity in earnings of guarantor subsidiaries		16,136			—			(16,136	)		—
Merger breakup fees, net of merger costs		(5,782	)		—			—			(5,782	)
Gain from sales of property and equipment, net		2,435			2,574			—			5,009
Income from operations		128,740			25,311			(16,136	)		137,915
Other income (expense):
Interest expense		(45,480	)		(9,478	)		—			(54,958	)
Loss on early extinguishment of debt		(25,363	)		—			—			(25,363	)
Other, net		1,447			303			—			1,750
Total other expense, net		(69,396	)		(9,175	)		—			(78,571	)
Income before benefit for income taxes		59,344			16,136			(16,136	)		59,344
Benefit for income taxes		(50,314	)		—			—			(50,314	)
Net income	$	109,658		$	16,136		$	(16,136	)	$	109,658

CONDENSED CONSOLIDATING STATEMENT OF INCOME

	Year Ended December 31, 2016
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Revenues:
Equipment rentals	$	364,654		$	80,573		$	—		$	445,227
New equipment sales		158,291			38,397			—			196,688
Used equipment sales		78,956			17,954			—			96,910
Parts sales		100,920			15,069			—			115,989
Services revenues		55,391			9,282			—			64,673
Other		47,461			11,189			—			58,650
Total revenues		805,673			172,464			—			978,137
Cost of revenues:
Rental depreciation		134,484			27,931			—			162,415
Rental expense		59,263			12,431			—			71,694
New equipment sales		140,948			34,608			—			175,556
Used equipment sales		55,075			11,663			—			66,738
Parts sales		73,587			10,740			—			84,327
Services revenues		18,963			2,876			—			21,839
Other		48,273			11,684			—			59,957
Total cost of revenues		530,593			111,933			—			642,526
Gross profit (loss):
Equipment rentals		170,907			40,211			—			211,118
New equipment sales		17,343			3,789			—			21,132
Used equipment sales		23,881			6,291			—			30,172
Parts sales		27,333			4,329			—			31,662
Services revenues		36,428			6,406			—			42,834
Other		(812	)		(495	)		—			(1,307	)
Gross profit		275,080			60,531			—			335,611
Selling, general and administrative expenses		187,369			40,760			—			228,129
Equity in earnings of guarantor subsidiaries		11,416			—			(11,416	)		—
Gain from sales of property and equipment, net		2,789			496			—			3,285
Income from operations		101,916			20,267			(11,416	)		110,767
Other income (expense):
Interest expense		(44,503	)		(9,101	)		—			(53,604	)
Other, net		1,617			250			—			1,867
Total other expense, net		(42,886	)		(8,851	)		—			(51,737	)
Income before provision for income taxes		59,030			11,416			(11,416	)		59,030
Provision for income taxes		21,858			—			—			21,858
Net income	$	37,172		$	11,416		$	(11,416	)	$	37,172

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Year Ended December 31, 2018
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Cash flows from operating activities:
Net income	$	76,623		$	13,247		$	(13,247	)	$	76,623
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		21,570			3,023			—			24,593
Depreciation on rental equipment		178,371			30,082			—			208,453
Amortization of intangible assets		3,320			—			—			3,320
Amortization of deferred financing costs		1,083			—			—			1,083
Accretion of note discount, net of premium amortization		477			—			—			477
Provision for losses on accounts receivable		2,065			676			—			2,741
Provision for inventory obsolescence		122			—			—			122
Change in deferred income taxes		26,695			—			—			26,695
Stock-based compensation expense		4,214			—			—			4,214
Gain from sales of property and equipment, net		(6,475	)		(643	)		—			(7,118	)
Gain from sales of rental equipment, net		(31,595	)		(6,757	)		—			(38,352	)
Equity in earnings of guarantor subsidiaries		(13,247	)		—			13,247			—
Changes in operating assets and liabilities, net of acquisitions:
Receivables		(19,346	)		1,585			—			(17,761	)
Inventories		(45,349	)		(2,881	)		—			(48,230	)
Prepaid expenses and other assets		(981	)		16			—			(965	)
Accounts payable		11,990			(4,996	)		—			6,994
Manufacturer flooring plans payable		2,878			(1,214	)		—			1,664
Accrued expenses payable and other liabilities		4,176			(1,604	)		—			2,572
Deferred compensation payable		86			—			—			86
Net cash provided by operating activities		216,677			30,534			—			247,211
Cash flows from investing activities:
Acquisition of business, net of cash acquired		(196,027	)		—			—			(196,027	)
Purchases of property and equipment		(26,903	)		(8,057	)		—			(34,960	)
Purchases of rental equipment		(362,780	)		(53,820	)		—			(416,600	)
Proceeds from sales of property and equipment		8,617			644			—			9,261
Proceeds from sales of rental equipment		92,014			20,072			—			112,086
Investment in subsidiaries		(10,845	)		—			10,845			—
Net cash used in investing activities		(495,924	)		(41,161	)		10,845			(526,240	)
Cash flows from financing activities:
Purchases of treasury stock		(1,350	)		—			—			(1,350	)
Borrowings on senior secured credit facility		1,436,849			—			—			1,436,849
Payments on senior secured credit facility		(1,266,088	)		—			—			(1,266,088	)
Dividends paid		(39,268	)		(6	)		—			(39,274	)
Payments of deferred financing costs		(97	)		—			—			(97	)
Payments of capital lease obligations		—			(212	)		—			(212	)
Capital contributions		—			10,845			(10,845	)		—
Net cash provided by financing activities		130,046			10,627			(10,845	)		129,828
Net decrease in cash		(149,201	)		—			—			(149,201	)
Cash, beginning of year		165,878			—			—			165,878
Cash, end of year	$	16,677		$	—		$	—		$	16,677

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Year Ended December 31, 2017
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Cash flows from operating activities:
Net income	$	109,658		$	16,136		$	(16,136	)	$	109,658
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		20,742			3,048			—			23,790
Depreciation on rental equipment		140,489			28,966			—			169,455
Amortization of deferred financing costs		1,046			—			—			1,046
Accretion of note discount, net of premium amortization		274			—			—			274
Provision for losses on accounts receivable		3,148			784			—			3,932
Provision for inventory obsolescence		161			—			—			161
Change in deferred income taxes		(50,535	)		—			—			(50,535	)
Stock-based compensation expense		3,526			—			—			3,526
Loss on early extinguishment of debt		25,363			—			—			25,363
Gain from sales of property and equipment, net		(2,435	)		(2,574	)		—			(5,009	)
Gain from sales of rental equipment, net		(24,063	)		(7,819	)		—			(31,882	)
Equity in earnings of guarantor subsidiaries		(16,136	)		—			16,136			—
Changes in operating assets and liabilities:
Receivables		(29,083	)		(10,929	)		—			(40,012	)
Inventories		(23,221	)		(8,550	)		—			(31,771	)
Prepaid expenses and other assets		(1,687	)		28			—			(1,659	)
Accounts payable		42,623			7,726			—			50,349
Manufacturer flooring plans payable		(10,599	)		1,821			—			(8,778	)
Accrued expenses payable and other liabilities		8,660			(430	)		—			8,230
Deferred compensation payable		61			—			—			61
Net cash provided by operating activities		197,992			28,207			—			226,199
Cash flows from investing activities:
Purchases of property and equipment		(17,852	)		(4,663	)		—			(22,515	)
Purchases of rental equipment		(198,988	)		(35,221	)		—			(234,209	)
Proceeds from sales of property and equipment		3,528			3,978			—			7,506
Proceeds from sales of rental equipment		74,090			22,053			—			96,143
Investment in subsidiaries		14,128			—			(14,128	)		—
Net cash used in investing activities		(125,094	)		(13,853	)		(14,128	)		(153,075	)
Cash flows from financing activities:
Purchases of treasury stock		(783	)		—			—			(783	)
Borrowings on senior secured credit facility		1,193,544			—			—			1,193,544
Payments on senior secured credit facility		(1,356,186	)		—			—			(1,356,186	)
Dividends paid		(39,164	)		(8	)		—			(39,172	)
Principal payments on senior unsecured notes due 2023		(630,000	)		—			—			(630,000	)
Costs paid to tender and redeem senior unsecured notes due 2022		(23,336	)		—			—			(23,336	)
Proceeds from issuance of senior unsecured notes due 2025		958,500			—			—			958,500
Payments of deferred financing costs		(17,278	)		—			—			(17,278	)
Payments of capital lease obligations		—			(218	)		—			(218	)
Capital contributions		—			(14,128	)		14,128			—
Net cash provided by (used in) financing activities		85,297			(14,354	)		14,128			85,071
Net increase in cash		158,195			—			—			158,195
Cash, beginning of year		7,683			—			—			7,683
Cash, end of year	$	165,878		$	—		$	—		$	165,878

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Year Ended December 31, 2016
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Cash flows from operating activities:
Net income	$	37,172		$	11,416		$	(11,416	)	$	37,172
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		24,194			3,088			—			27,282
Depreciation on rental equipment		134,484			27,931			—			162,415
Amortization of deferred financing costs		1,052			—			—			1,052
Accretion of note discount, net of premium amortization		168			—			—			168
Provision for losses on accounts receivable		2,616			521			—			3,137
Provision for inventory obsolescence		127			—			—			127
Change in deferred income taxes		21,578			—			—			21,578
Stock-based compensation expense		3,037			—			—			3,037
Gain from sales of property and equipment, net		(2,789	)		(496	)		—			(3,285	)
Gain from sales of rental equipment, net		(22,780	)		(6,223	)		—			(29,003	)
Equity in earnings of guarantor subsidiaries		(11,416	)		—			11,416			—
Changes in operating assets and liabilities:
Receivables		8,783			(4,629	)		—			4,154
Inventories		5,785			(1,518	)		—			4,267
Prepaid expenses and other assets		2,566			(25	)		—			2,541
Accounts payable		(27,771	)		426			—			(27,345	)
Manufacturer flooring plans payable		(31,534	)		(119	)		—			(31,653	)
Accrued expenses payable and other liabilities		2,263			(596	)		—			1,667
Deferred compensation payable		(332	)		—			—			(332	)
Net cash provided by operating activities		147,203			29,776			—			176,979
Cash flows from investing activities:
Purchases of property and equipment		(19,505	)		(3,390	)		—			(22,895	)
Purchases of rental equipment		(138,562	)		(41,147	)		—			(179,709	)
Proceeds from sales of property and equipment		3,190			615			—			3,805
Proceeds from sales of rental equipment		67,282			17,107			—			84,389
Investment in subsidiaries		2,749			—			(2,749	)		—
Net cash used in investing activities		(84,846	)		(26,815	)		(2,749	)		(114,410	)
Cash flows from financing activities:
Purchases of treasury stock		(561	)		—			—			(561	)
Borrowing on senior secured credit facility		966,146			—			—			966,146
Payments on senior secured credit facility		(988,361	)		—			—			(988,361	)
Dividends paid		(39,057	)		(9	)		—			(39,066	)
Payments of capital lease obligations		—			(203	)		—			(203	)
Capital contributions		—			(2,749	)		2,749			—
Net cash used in financing activities		(61,833	)		(2,961	)		2,749			(62,045	)
Net increase in cash		524			—			—			524
Cash, beginning of year		7,159			—			—			7,159
Cash, end of year	$	7,683		$	—		$	—		$	7,683

Summary of Significant Accounting Policies - Summary of Revenue by Type and by Applicable Accounting Standard (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Revenues	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 294,666	$ 259,162	$ 249,363	$ 226,828	$ 1,238,961	$ 1,030,019	$ 978,137
Effect Before Topic 606 [Member]
Revenues:
Revenues										1,030,019	978,137
Topic 840 [Member]
Revenues:
Revenues									612,551	494,769	459,347
Topic 606 [Member]
Revenues:
Revenues									626,410	535,250	518,790
Topic 606 [Member] \| Effect Before Topic 606 [Member]
Revenues:
Revenues										1,030,019	978,137
Equipment Rentals [Member]
Revenues:
Revenues									592,193	479,016	445,227
Equipment Rentals [Member] \| Effect Before Topic 606 [Member]
Revenues:
Revenues										479,016	445,227
Equipment Rentals [Member] \| Topic 840 [Member]
Revenues:
Revenues									590,858	476,978	443,148
Equipment Rentals [Member] \| Topic 606 [Member]
Revenues:
Revenues									1,335	2,038	2,079
Equipment Rentals [Member] \| Topic 606 [Member] \| Effect Before Topic 606 [Member]
Revenues:
Revenues										479,016	445,227
New Equipment Sales [Member]
Revenues:
Revenues									262,948	203,301	196,688
New Equipment Sales [Member] \| Effect Before Topic 606 [Member]
Revenues:
Revenues										203,301	196,688
New Equipment Sales [Member] \| Topic 606 [Member]
Revenues:
Revenues									262,948	203,301	196,688
New Equipment Sales [Member] \| Topic 606 [Member] \| Effect Before Topic 606 [Member]
Revenues:
Revenues										203,301	196,688
Used Equipment Sales [Member]
Revenues:
Revenues									125,125	107,329	96,910
Used Equipment Sales [Member] \| Effect Before Topic 606 [Member]
Revenues:
Revenues										107,329	96,910
Used Equipment Sales [Member] \| Topic 606 [Member]
Revenues:
Revenues									125,125	107,329	96,910
Used Equipment Sales [Member] \| Topic 606 [Member] \| Effect Before Topic 606 [Member]
Revenues:
Revenues										107,329	96,910
Parts Sales [Member]
Revenues:
Revenues									120,454	114,253	115,989
Parts Sales [Member] \| Effect Before Topic 606 [Member]
Revenues:
Revenues										114,253	115,989
Parts Sales [Member] \| Topic 606 [Member]
Revenues:
Revenues									120,454	114,253	115,989
Parts Sales [Member] \| Topic 606 [Member] \| Effect Before Topic 606 [Member]
Revenues:
Revenues										107,384	109,147
Parts and Services [Member]
Revenues:
Revenues									63,488
Parts and Services [Member] \| Effect Before Topic 606 [Member]
Revenues:
Revenues										62,873	64,673
Parts and Services [Member] \| Topic 606 [Member]
Revenues:
Revenues									63,488	62,873	64,673
Other [Member]
Revenues:
Revenues									74,753	63,247	58,650
Other [Member] \| Effect Before Topic 606 [Member]
Revenues:
Revenues										63,247	58,650
Other [Member] \| Topic 840 [Member]
Revenues:
Revenues									21,693	17,791	16,199
Other [Member] \| Topic 606 [Member]
Revenues:
Revenues									$ 53,060	45,456	42,451
Other [Member] \| Topic 606 [Member] \| Effect Before Topic 606 [Member]
Revenues:
Revenues										$ 70,116	$ 65,492

Summary of Significant Accounting Policies - Additional Information (Detail)				3 Months Ended								12 Months Ended
	Oct. 01, 2018 USD ($)	Oct. 02, 2017 USD ($)	Oct. 01, 2016 USD ($)	Dec. 31, 2018 USD ($) Branch Manufacturer Location shares	Sep. 30, 2018 USD ($)	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2017 USD ($) Branch	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Mar. 31, 2017 USD ($)	Dec. 31, 2018 USD ($) Customer Segment Branch Manufacturer Business Location shares	Dec. 31, 2017 USD ($) Customer Branch shares	Dec. 31, 2016 USD ($) Customer Branch shares
Summary Of Significant Accounting Policy [Line Items]
Customer accounted for more than 10% of revenue \| Customer												0	0	0
Bad debt expense as a percentage of total revenues												0.20%	0.40%	0.30%
Salvage value				25.00%								25.00%
Impairment loss related to property and equipment												$ 0	$ 0	$ 0
Number of operating segments \| Segment												6
Goodwill impairment	$ 0	$ 0	$ 0
Number of branches closed \| Branch				1				1				1	1	0
Workers' compensation, general liability and automobile liability				$ 4,800,000				$ 4,600,000				$ 4,800,000	$ 4,600,000
Health insurance reserves				$ 1,300,000				1,200,000				1,300,000	1,200,000
Advertising costs												$ 500,000	$ 500,000	$ 1,000,000
Statutory federal income tax rate												21.00%	35.00%	35.00%
Recognized income tax provisions												50.00%
No. of manufacturers \| Manufacturer				5								5
Issue of shares of non-vested period												3 years
Unrecognized compensation expense related to non-vested stock				$ 5,000,000								$ 5,000,000
Expected non-vested stock recognized over a weighted-average period												1 year 10 months 24 days
Share compensation expense												$ 4,200,000	$ 3,500,000	$ 3,000,000
Stock options, granted \| shares												0	0	0
Unrecognized compensation expense related to stock option awards				$ 0								$ 0
Number of reportable segment \| Segment												5
Number of principal activities \| Business												5
Number of branch locations \| Location				77								77
Operating leases include real estate and equipment, number of branch location located \| Location				89								89
Revenues				$ 345,974,000	$ 322,141,000	$ 310,364,000	$ 260,482,000	$ 294,666,000	$ 259,162,000	$ 249,363,000	$ 226,828,000	$ 1,238,961,000	$ 1,030,019,000	$ 978,137,000
Freight costs related to parts transactions												800,427,000	670,111,000	642,526,000
Accounting Standards Update 2014-09 [Member] \| Adjustments [Member]
Summary Of Significant Accounting Policy [Line Items]
Revenues													$ 6,900,000	$ 6,800,000
Type of Revenue [Extensible List]													hees:PartsMember	hees:PartsMember
Freight costs related to parts transactions													$ 5,400,000	$ 5,400,000
Type of Cost, Good or Service [Extensible List]													hees:PartsMember	hees:PartsMember
Stock Options [Member]
Summary Of Significant Accounting Policy [Line Items]
Share compensation expense												$ 0	$ 0	$ 0
2016 Stock-Based Incentive Compensation Plan [Member]
Summary Of Significant Accounting Policy [Line Items]
Stock-Based incentive compensation plan \| shares				1,734,986								1,734,986
Fair Value [Member] \| Level 1 [Member] \| Senior Unsecured Notes Due 2022 [Member]
Summary Of Significant Accounting Policy [Line Items]
Senior unsecured notes, due year												2025
Fair Value [Member] \| Level 3 [Member] \| Senior Unsecured Notes Due 2025 [Member]
Summary Of Significant Accounting Policy [Line Items]
Senior unsecured notes, due year													2025
Cranes and Aerial Work Platform [Member]
Summary Of Significant Accounting Policy [Line Items]
Estimated useful life												10 years
Earthmoving Equipment [Member]
Summary Of Significant Accounting Policy [Line Items]
Estimated useful life												5 years
Industrial Lift Trucks [Member]
Summary Of Significant Accounting Policy [Line Items]
Estimated useful life												7 years
Attachments and Other Equipment [Member]
Summary Of Significant Accounting Policy [Line Items]
Estimated useful life												3 years
Customer Concentration Risk [Member] \| Revenues [Member]
Summary Of Significant Accounting Policy [Line Items]
Percentage of revenue/purchase												1.20%
Rental and Sales Equipment Manufacturers [Member] \| Property, Plant and Equipment [Member]
Summary Of Significant Accounting Policy [Line Items]
Percentage of revenue/purchase												54.00%
Maximum [Member]
Summary Of Significant Accounting Policy [Line Items]
Lease Term												12 months
Maximum [Member] \| Customer Concentration Risk [Member] \| Revenues [Member]
Summary Of Significant Accounting Policy [Line Items]
Percentage of revenue/purchase													1.00%	1.00%
Minimum [Member]
Summary Of Significant Accounting Policy [Line Items]
Restricted common shares, percentage												1.00%	1.00%	1.00%

Summary of Significant Accounting Policies - Estimated Useful Lives of Property Plant and Equipment (Detail)	12 Months Ended
	Dec. 31, 2018
Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Buildings [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	39 years
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years

Summary of Significant Accounting Policies - Schedule of Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Goodwill [Line Items]
Beginning balance	$ 31,197	$ 31,197
Increases (Decreases)		0
Ending balance	105,843	31,197
CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	74,646
Equipment Rental Component 1 [Member]
Goodwill [Line Items]
Ending balance	34,297
Equipment Rental Component 1 [Member] \| CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	34,297
Equipment Rental Component 2 [Member]
Goodwill [Line Items]
Beginning balance	18,700	18,700
Increases (Decreases)		0
Ending balance	42,536	18,700
Equipment Rental Component 2 [Member] \| CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	23,836
New Equipment Sales [Member]
Goodwill [Line Items]
Ending balance	10,434
New Equipment Sales [Member] \| CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	10,434
Used Equipment Sales [Member]
Goodwill [Line Items]
Beginning balance	6,137	6,137
Increases (Decreases)		0
Ending balance	8,461	6,137
Used Equipment Sales [Member] \| CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	2,324
Parts Sales [Member]
Goodwill [Line Items]
Beginning balance	6,360	6,360
Increases (Decreases)		0
Ending balance	8,910	$ 6,360
Parts Sales [Member] \| CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	2,550
Parts and Services [Member]
Goodwill [Line Items]
Ending balance	1,205
Parts and Services [Member] \| CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	$ 1,205

Summary of Significant Accounting Policies - Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Level 3 [Member] \| Carrying Amount [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable with interest computed at 5.50% and 4.50%, respectively (Level 3)	$ 23,666	$ 22,002
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)	726	1,486
Level 3 [Member] \| Carrying Amount [Member] \| Senior Unsecured Notes Due 2025 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes due 2025 with interest computed at (5.625%) (Level 2) and (Level 3)		944,088
Level 3 [Member] \| Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable with interest computed at 5.50% and 4.50%, respectively (Level 3)	19,870	18,737
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)	330	1,114
Letter of credit (Level 3)	116	116
Level 3 [Member] \| Fair Value [Member] \| Senior Unsecured Notes Due 2025 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes due 2025 with interest computed at (5.625%) (Level 2) and (Level 3)		$ 619,019
Level 2 [Member] \| Carrying Amount [Member] \| Senior Unsecured Notes Due 2025 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes due 2025 with interest computed at (5.625%) (Level 2) and (Level 3)	944,780
Level 2 [Member] \| Fair Value [Member] \| Senior Unsecured Notes Due 2025 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes due 2025 with interest computed at (5.625%) (Level 2) and (Level 3)	$ 871,625

Summary of Significant Accounting Policies - Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Carrying Amount [Member] \| Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable, interest rate	5.50%	4.50%
Capital lease payable, interest rate, minimum	5.929%	5.929%
Capital lease payable interest rate, maximum	9.55%	9.55%
Fair Value [Member] \| Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable, interest rate	5.50%	4.50%
Capital lease payable, interest rate, minimum	5.929%	5.929%
Capital lease payable interest rate, maximum	9.55%	9.55%
Senior Unsecured Notes Due 2025 [Member] \| Carrying Amount [Member] \| Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes, due year		2025
Senior unsecured notes, interest rate		5.625%
Senior Unsecured Notes Due 2025 [Member] \| Carrying Amount [Member] \| Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes, due year	2025
Senior unsecured notes, interest rate	5.625%
Senior Unsecured Notes Due 2025 [Member] \| Fair Value [Member] \| Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes, due year		2025
Senior unsecured notes, interest rate		5.625%
Senior Unsecured Notes Due 2025 [Member] \| Fair Value [Member] \| Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes, due year	2025
Senior unsecured notes, interest rate	5.625%

Summary of Significant Accounting Policies - Summary of Computation of Basic and Diluted Net Income Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Basic net income per share:
Net income	$ 25,060	$ 21,314	$ 20,771	$ 9,478	$ 85,928	$ 8,462	$ 9,878	$ 5,390	$ 76,623	$ 109,658	$ 37,172
Weighted average number of common shares outstanding									35,677	35,516	35,393
Net income per common share — basic	$ 0.70	$ 0.60	$ 0.58	$ 0.27	$ 2.41	$ 0.24	$ 0.28	$ 0.15	$ 2.15	$ 3.09	$ 1.05
Diluted net income per share:
Net income	$ 25,060	$ 21,314	$ 20,771	$ 9,478	$ 85,928	$ 8,462	$ 9,878	$ 5,390	$ 76,623	$ 109,658	$ 37,172
Weighted average number of common shares outstanding									35,677	35,516	35,393
Effect of dilutive securities:
Weighted average number of common shares outstanding — diluted									35,903	35,699	35,480
Net income per common share — diluted	$ 0.70	$ 0.59	$ 0.58	$ 0.26	$ 2.40	$ 0.24	$ 0.28	$ 0.15	$ 2.13	$ 3.07	$ 1.05
Stock Options [Member]
Common shares excluded from the denominator as anti-dilutive:
Common shares excluded from the denominator as anti-dilutive											4
Non-vested restricted stock [Member]
Effect of dilutive securities:
Effect of dilutive stock options and non-vested stock									226	183	87
Common shares excluded from the denominator as anti-dilutive:
Common shares excluded from the denominator as anti-dilutive									43		3

Summary of Significant Accounting Policies - Schedule of Non-Vested Stock Activity (Detail) - 2006 Stock-Based Incentive Compensation Plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non-vested stock, beginning balance, Number of Shares	445,964	400,801
Granted, Number of Shares	143,121	190,134
Vested, Number of Shares	(181,194)	(131,807)
Forfeited, Number of Shares	(28,332)	(13,164)
Non-vested stock, ending balance, Number of Shares	379,559	445,964
Non-vested stock, beginning balance, Weighted Average Grant Date Fair Value	$ 19.70	$ 18.86
Granted, Weighted Average Grant Date Fair Value	37.10	22.94
Vested, Weighted Average Grant Date Fair Value	20.53	21.85
Forfeited, Weighted Average Grant Date Fair Value	19.61	19.50
Non-vested stock, ending balance, Weighted Average Grant Date Fair Value	$ 25.87	$ 19.70

Summary of Significant Accounting Policies - Schedule of Share Based Compensation Stock Options Activity (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Options, Granted, Number of Shares	0	0	0
2006 Stock-Based Incentive Compensation Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Options, Outstanding, Number of Shares, Beginning Balance		4,500
Stock Options, Canceled, forfeited or expired, Number of Shares		(4,500)
Stock Options, Outstanding, Number of Shares, Ending Balance			4,500
Stock Options, Outstanding, Weighted Average Exercise Price, Beginning Balance		$ 19.27
Stock Options, Canceled, forfeited or expired, Weighted Average Exercise Price		$ 19.27
Stock Options, Outstanding, Weighted Average Exercise Price, Ending Balance			$ 19.27
Stock Options, Outstanding, Weighted Average Contractual Life In Years			6 months

Summary of Significant Accounting Policies - Recast of Our Results for Prior Year (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Revenues	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 294,666	$ 259,162	$ 249,363	$ 226,828	$ 1,238,961	$ 1,030,019	$ 978,137
Cost of revenues:
Cost of revenues									800,427	670,111	642,526
Gross profit									438,534	359,908	335,611
As Previously Reported [Member]
Revenues:
Revenues										1,030,019	978,137
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues									208,453	169,455	162,415
Rental Expense [Member]
Cost of revenues:
Cost of revenues									89,520	77,706	71,694
Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										1,030,019	978,137
Cost of revenues:
Cost of revenues										670,111	642,526
Gross profit										359,908	335,611
Accounting Standards Update 2014-09 [Member] \| Adjustments [Member]
Revenues:
Revenues										6,900	6,800
Cost of revenues:
Cost of revenues										5,400	5,400
Accounting Standards Update 2014-09 [Member] \| Rental Depreciation [Member] \| As Previously Reported [Member]
Cost of revenues:
Cost of revenues										169,455	162,415
Accounting Standards Update 2014-09 [Member] \| Rental Expense [Member] \| As Previously Reported [Member]
Cost of revenues:
Cost of revenues										77,706	71,694
Equipment Rentals [Member]
Revenues:
Revenues									592,193	479,016	445,227
Cost of revenues:
Gross profit									294,220	231,855	211,118
Equipment Rentals [Member] \| As Previously Reported [Member]
Revenues:
Revenues										479,016	445,227
Equipment Rentals [Member] \| Rental Depreciation [Member]
Cost of revenues:
Cost of revenues									208,453	169,455	162,415
Equipment Rentals [Member] \| Rental Expense [Member]
Cost of revenues:
Cost of revenues									89,520	77,706	71,694
Equipment Rentals [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										479,016	445,227
New Equipment Sales [Member]
Revenues:
Revenues									262,948	203,301	196,688
Cost of revenues:
Cost of revenues									232,057	180,702	175,556
Gross profit									30,891	22,599	21,132
New Equipment Sales [Member] \| As Previously Reported [Member]
Revenues:
Revenues										203,301	196,688
New Equipment Sales [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										203,301	196,688
Cost of revenues:
Cost of revenues										180,702	175,556
Used Equipment Sales [Member]
Revenues:
Revenues									125,125	107,329	96,910
Cost of revenues:
Cost of revenues									86,052	74,132	66,738
Gross profit									39,073	33,197	30,172
Used Equipment Sales [Member] \| As Previously Reported [Member]
Revenues:
Revenues										107,329	96,910
Used Equipment Sales [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										107,329	96,910
Cost of revenues:
Cost of revenues										74,132	66,738
Parts Sales [Member]
Revenues:
Revenues									120,454	114,253	115,989
Cost of revenues:
Cost of revenues									88,263	83,135	84,327
Gross profit									32,191	31,118	31,662
Parts Sales [Member] \| As Previously Reported [Member]
Revenues:
Revenues										114,253	115,989
Parts Sales [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										107,384	109,147
Cost of revenues:
Cost of revenues										77,713	78,966
Parts Sales [Member] \| Accounting Standards Update 2014-09 [Member] \| Adjustments [Member]
Revenues:
Revenues										6,869	6,842
Cost of revenues:
Cost of revenues										5,422	5,361
Services Revenues [Member]
Revenues:
Revenues									63,488	62,873	64,673
Cost of revenues:
Cost of revenues									21,328	21,111	21,839
Gross profit									42,160	41,762	42,834
Services Revenues [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										62,873	64,673
Cost of revenues:
Cost of revenues										21,111	21,839
Other [Member]
Revenues:
Revenues									74,753	63,247	58,650
Cost of revenues:
Cost of revenues									74,754	63,870	59,957
Gross profit									$ (1)	(623)	(1,307)
Other [Member] \| As Previously Reported [Member]
Revenues:
Revenues										63,247	58,650
Other [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										70,116	65,492
Cost of revenues:
Cost of revenues										69,292	65,318
Other [Member] \| Accounting Standards Update 2014-09 [Member] \| Adjustments [Member]
Revenues:
Revenues										(6,869)	(6,842)
Cost of revenues:
Cost of revenues										$ (5,422)	$ (5,361)

Acquisitions - Additional Information (Detail) $ / shares in Units, $ in Thousands				3 Months Ended								12 Months Ended
	Feb. 01, 2019 USD ($) Branch	Apr. 01, 2018 USD ($) Branch	Jan. 01, 2018 USD ($) Branch	Dec. 31, 2018 USD ($) Location	Sep. 30, 2018 USD ($)	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Mar. 31, 2017 USD ($)	Dec. 31, 2018 USD ($) Location $ / shares	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Business Acquisition [Line Items]
Number of branches located \| Location				77								77
Total revenues				$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 294,666	$ 259,162	$ 249,363	$ 226,828	$ 1,238,961	$ 1,030,019	$ 978,137
Net income				25,060	$ 21,314	$ 20,771	$ 9,478	85,928	$ 8,462	$ 9,878	$ 5,390	76,623	109,658	37,172
Goodwill				$ 105,843				$ 31,197				105,843	$ 31,197	$ 31,197
CEC [Member]
Business Acquisition [Line Items]
Business acquisition, completion date			Jan. 01, 2018
Number of branches located \| Branch			3
Aggregate consideration paid to the owners			$ 132,400
Percentage of goodwill deductible for income tax purposes			100.00%
Acquisition costs			$ 1,000									200
Total revenues												39,300
Net income												5,100
Goodwill			$ 45,092
Rental Inc [Member]
Business Acquisition [Line Items]
Business acquisition, completion date		Apr. 01, 2018
Number of branches located \| Branch		5
Aggregate consideration paid to the owners		$ 68,600
Percentage of goodwill deductible for income tax purposes		100.00%
Acquisition costs		$ 300
Total revenues												25,300
Net income												$ 300
Goodwill		29,554
Net income per share \| $ / shares												$ 0.01
Rental Inc [Member] \| Purchase Agreement [Member]
Business Acquisition [Line Items]
Accrued purchase price consideration included in goodwill		$ 3,400
WRI [Member] \| Subsequent Event [Member]
Business Acquisition [Line Items]
Business acquisition, completion date	Feb. 01, 2019
Number of branches located \| Branch	6
Aggregate consideration paid to the owners	$ 108,500

Acquisitions - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Apr. 01, 2018	Jan. 01, 2018	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Goodwill	$ 105,843			$ 31,197	$ 31,197
CEC [Member]
Business Acquisition [Line Items]
Cash			$ 1,244
Accounts receivable			7,583
Inventory			504
Prepaid expenses and other assets			324
Rental equipment			55,342
Property and equipment			2,700
Intangible assets			21,500
Total identifiable assets acquired			89,197
Accounts payable			(1,023)
Accrued expenses payable and other liabilities			(876)
Total liabilities assumed			(1,899)
Net identifiable assets acquired			87,298
Goodwill			45,092
Net assets acquired			$ 132,390
Rental Inc [Member]
Business Acquisition [Line Items]
Cash		$ 260
Accounts receivable		2,873
Inventory		5,324
Prepaid expenses and other assets		47
Rental equipment		22,578
Property and equipment		1,935
Intangible assets		10,200
Total identifiable assets acquired		43,217
Accounts payable		(439)
Manufacturer flooring plans payable		(3,293)
Accrued expenses payable and other liabilities		(469)
Total liabilities assumed		(4,201)
Net identifiable assets acquired		39,016
Goodwill		29,554
Net assets acquired		$ 68,570

Acquisitions - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Parenthetical) (Detail) $ in Thousands	Apr. 01, 2018 USD ($) ReportingUnit	Jan. 01, 2018 USD ($) ReportingUnit	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Business Acquisition [Line Items]
Goodwill			$ 105,843	$ 31,197	$ 31,197
CEC [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)		$ 21,500
Goodwill		$ 45,092
Number of goodwill reporting units \| ReportingUnit		6
CEC [Member] \| Rental Component 1 [Member]
Business Acquisition [Line Items]
Goodwill		$ 25,233
CEC [Member] \| Rental Component 2 [Member]
Business Acquisition [Line Items]
Goodwill		18,391
CEC [Member] \| New Equipment [Member]
Business Acquisition [Line Items]
Goodwill		217
CEC [Member] \| Used Equipment [Member]
Business Acquisition [Line Items]
Goodwill		632
CEC [Member] \| Parts [Member]
Business Acquisition [Line Items]
Goodwill		379
CEC [Member] \| Service [Member]
Business Acquisition [Line Items]
Goodwill		240
Rental Inc [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)	$ 10,200
Goodwill	$ 29,554
Number of goodwill reporting units \| ReportingUnit	6
Rental Inc [Member] \| Rental Component 1 [Member]
Business Acquisition [Line Items]
Goodwill	$ 9,064
Rental Inc [Member] \| Rental Component 2 [Member]
Business Acquisition [Line Items]
Goodwill	5,445
Rental Inc [Member] \| New Equipment [Member]
Business Acquisition [Line Items]
Goodwill	10,217
Rental Inc [Member] \| Used Equipment [Member]
Business Acquisition [Line Items]
Goodwill	1,692
Rental Inc [Member] \| Parts [Member]
Business Acquisition [Line Items]
Goodwill	2,171
Rental Inc [Member] \| Service [Member]
Business Acquisition [Line Items]
Goodwill	964
Customer Relationships [Member] \| CEC [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)		$ 21,000
Life (years)		10 years
Customer Relationships [Member] \| Rental Inc [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)	$ 10,000
Life (years)	10 years
Tradenames [Member] \| CEC [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)		$ 300
Life (years)		1 year
Tradenames [Member] \| Rental Inc [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)	$ 200
Life (years)	1 year
Leasehold Interests [Member] \| CEC [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)		$ 200
Life (years)		10 years

Acquisitions - Unaudited Pro Forma Consolidated Statements of Income Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Total revenues	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 294,666	$ 259,162	$ 249,363	$ 226,828	$ 1,238,961	$ 1,030,019	$ 978,137
Pretax income	$ 34,755	$ 28,971	$ 27,869	$ 13,068	$ 27,569	$ 7,577	$ 15,668	$ 8,530	104,663	59,344	$ 59,030
Elimination of merger related costs										788
Pro forma pretax income (loss)									104,663	60,132
Pro forma income tax expense (benefit)									28,040	(50,511)
Pro forma net income (loss)									$ 76,623	$ 110,643
Pro forma net income (loss) per share – basic									$ 2.15	$ 3.12
Pro forma net income (loss) per share - diluted									$ 2.13	$ 3.10
Pro forma adjustments to pretax income:
Total revenues									$ 1,246,369	$ 1,101,751
Pretax income									105,683	69,654
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation									(749)	(6,369)
Intangible asset amortization									(300)	(3,620)
Elimination of merger related costs										5,285
Interest expense									(480)	(1,609)
Elimination of historic interest expense									82	2,348
Pro forma pretax income (loss)									104,236	65,689
Pro forma income tax expense (benefit)									27,926	(55,179)
Pro forma net income (loss)									$ 76,310	$ 120,868
Pro forma net income (loss) per share – basic									$ 2.14	$ 3.40
Pro forma net income (loss) per share - diluted									$ 2.13	$ 3.39
CEC [Member]
Business Acquisition [Line Items]
Total revenues									$ 39,300
Total revenues										$ 36,790
Pretax income										3,043
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation										(3,575)
Intangible asset amortization										(2,420)
Elimination of merger related costs										4,465
Elimination of historic interest expense										1,966
Pro forma pretax income (loss)										3,479
Pro forma income tax expense (benefit)										(2,922)
Pro forma net income (loss)										$ 6,401
Pro forma net income (loss) per share – basic										$ 0.18
Pro forma net income (loss) per share - diluted										$ 0.18
Rental Inc [Member]
Business Acquisition [Line Items]
Total revenues									25,300
Total revenues									7,408	$ 34,942
Pretax income									1,020	7,267
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation									(749)	(2,794)
Intangible asset amortization									(300)	(1,200)
Interest expense									(480)	(1,609)
Elimination of historic interest expense									82	382
Pro forma pretax income (loss)									(427)	2,046
Pro forma income tax expense (benefit)									(114)	(1,719)
Pro forma net income (loss)									$ (313)	$ 3,765
Pro forma net income (loss) per share – basic									$ (0.01)	$ 0.11
Pro forma net income (loss) per share - diluted									$ (0.01)	$ 0.11

Acquisitions - Unaudited Pro Forma Consolidated Statements of Income Information (Detail) (Parenthetical)	Apr. 01, 2018
Rental Inc [Member]
Business Acquisition [Line Items]
Business acquisition, completion date	Apr. 01, 2018

Receivables - Summary of Receivables (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Receivables [Abstract]
Trade receivables	$ 194,601	$ 172,522
Unbilled rental revenue	8,833	6,291
Income tax receivables	2,181	997
Other	35	45
Total receivables	205,650	179,855
Less allowance for doubtful accounts	(4,094)	(3,774)
Total receivables, net	$ 201,556	$ 176,081

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Inventory [Line Items]
Total inventories, net	$ 104,598	$ 75,004
New Equipment Sales [Member]
Inventory [Line Items]
Total inventories, net	84,603	55,704
Used Equipment Sales [Member]
Inventory [Line Items]
Total inventories, net	1,980	2,421
Parts, Supplies and Other [Member]
Inventory [Line Items]
Total inventories, net	$ 18,015	$ 16,879

Inventories - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Net of reserves for inventory obsolescence	$ 368	$ 947

Property and Equipment - Summary of Net Property and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 257,783	$ 233,289
Less accumulated depreciation and amortization	(142,662)	(131,500)
Total net property and equipment	115,121	101,789
Land [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	7,597	7,165
Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	106,011	93,550
Building and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	63,060	55,523
Office and Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	51,758	53,256
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	17,811	15,983
Property under Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	2,417	3,217
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 9,129	$ 4,595

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Depreciation and amortization of property and equipment	$ 24.6	$ 23.8	$ 27.3

Manufacturer Flooring Plans Payable - Additional Information (Detail) - Manufacturer Flooring Plans Payable [Member]	Dec. 31, 2018
Schedule Of Long Term Debt [Line Items]
Debt instrument interest rate, minimum	0.00%
Debt instrument interest rate, maximum	5.50%

Manufacturer Flooring Plans Payable - Maturities of Manufacturer Flooring Plans Payable (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Schedule Of Long Term Debt [Line Items]
Total	$ 23,666	$ 22,002
Manufacturer Flooring Plans Payable [Member]
Schedule Of Long Term Debt [Line Items]
2019	12,605
2020	10,822
2021	239
Total	$ 23,666

Accrued Expenses Payable and Other Liabilities - Accrued Expenses Payable and Other Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accounts Payable And Accrued Liabilities Current And Noncurrent [Abstract]
Payroll and related liabilities	$ 24,864	$ 20,429
Sales, use and property taxes	10,069	9,635
Accrued interest	18,771	19,134
Accrued insurance	4,328	4,211
Deferred revenue	5,973	6,631
Other	9,366	5,055
Total accrued expenses payable and other liabilities	$ 73,371	$ 65,095

Senior Unsecured Notes - Additional Information (Detail) - USD ($)	Nov. 22, 2017	Sep. 25, 2017	Aug. 24, 2017	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Estimated offering expenses				$ 3,000,000	$ 3,772,000
Add-on Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 200,000,000
Senior unsecured notes, interest rate	5.625%
Senior unsecured notes, maturity year	2025
Net proceeds from sale of notes	$ 209,200
Price percentage for Add-on Notes, Principal amount	104.25%
5.6250% Senior Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount			$ 750,000,000
Senior unsecured notes, interest rate			5.625%
Senior unsecured notes, maturity year			2025
Estimated offering expenses			$ 10,300,000
Net proceeds from sale of notes			$ 739,700,000
Redemption price percentage as equal to principal amount of old notes to be redeemed			101.00%
Principal payments due until maturity			$ 0
Maturity date of notes			Sep. 01, 2025
Debt instrument, Payment terms			The New Notes were issued at par and require semiannual interest payments on March 1st and September 1st of each year, commencing on March 1, 2018. No principal payments are due until maturity (September 1, 2025).
Debt Instrument, Redemption description			The New Notes are redeemable, in whole or in part, at any time on or after September 1, 2020 at specified redemption prices plus accrued and unpaid interest to the date of redemption. We may redeem up to 40% of the aggregate principal amount of the New Notes before September 1, 2020 with the net cash proceeds from certain equity offerings. We may also redeem the New Notes prior to September 1, 2020 at a specified “make-whole” redemption price plus accrued and unpaid interest to the date of redemption.
5.6250% Senior Notes [Member] \| Maximum [Member] \| Before September 1, 2020 [Member]
Debt Instrument [Line Items]
Percentage of principal amount of new notes may be redeemed			40.00%
7% Senior Notes [Member]
Debt Instrument [Line Items]
Senior unsecured notes, interest rate			7.00%
Senior unsecured notes, maturity year			2022
Repurchase of notes			$ 329,700,000
Early tender deadline amount received on debt instrument			1,038.90
Principal amount of old notes			$ 1,000
Remaining principal amount outstanding of old notes redeemed		$ 300,300,000
Redemption price percentage as equal to principal amount of old notes to be redeemed		103.50%

Senior Unsecured Notes - Reconciliation of Senior Unsecured Notes to Condensed Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2017	Aug. 24, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Senior unsecured notes, beginning balance			$ 944,088
Amortization of deferred financing costs			1,083	$ 1,046	$ 1,052
Senior unsecured notes, ending balance	$ 944,088		944,780	944,088
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Senior unsecured notes, beginning balance		$ 627,711	944,088	627,711
Accretion of discount			1,539
Amortization of note premium			(1,062)
Amortization of deferred financing costs		153	312
Senior unsecured notes, ending balance	944,088		944,780	944,088	$ 627,711
Senior Unsecured Notes [Member] \| 7% Senior Notes [Member]
Debt Instrument [Line Items]
Accretion of discount		683
Amortization of note premium		$ (574)
Aggregate principal amount paid				(630,000)
Writeoff of unaccreted discount				5,294
Writeoff of unamortized premium				(4,452)
Writeoff of deferred financing costs				1,185
Senior Unsecured Notes [Member] \| 5.6250% Senior Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount paid				950,000
Writeoff of unaccreted discount				(14,684)
Writeoff of unamortized premium				$ 8,500
Accretion of discount	542
Amortization of note premium	(375)
Amortization of deferred financing costs	$ 105
Additional deferred financing costs			$ (97)

Senior Secured Credit Facility - Additional Information (Detail) - USD ($)				12 Months Ended
	Feb. 01, 2019	Dec. 22, 2017	Dec. 21, 2017	Dec. 31, 2018	Feb. 14, 2019	Dec. 31, 2017
Debt Instrument [Line Items]
Outstanding letters of credit				$ 7,700,000		$ 7,700,000
Wells Fargo Capital Finance, LLC [Member] \| Credit Facility [Member]
Debt Instrument [Line Items]
Existing credit facility with its lenders				$ 750,000,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Existing credit facility with its lenders		$ 750,000,000	$ 602,500,000
Debt instrument maturity date description				extended the maturity date of the credit facility from May 21, 2019 to December 22, 2022
Debt instrument maturity date		Dec. 22, 2022	May 21, 2019
Uncommitted incremental revolving capacity		$ 250,000,000	$ 150,000,000
Outstanding letters of credit				$ 170,800,000
Available borrowings under our senior secured credit facility				$ 571,500,000
Revolving Credit Facility [Member] \| Subsequent Event [Member]
Debt Instrument [Line Items]
Debt instrument maturity date description	extended the maturity date of the credit facility from December 22, 2022 to January 31, 2024
Debt instrument maturity date	Jan. 31, 2024
Outstanding letters of credit					$ 7,700,000
Available borrowings under our senior secured credit facility					$ 483,300,000
Revolving Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Unused commitment fee margin percentage				0.375%
Revolving Credit Facility [Member] \| Maximum [Member] \| Letter of Credit [Member]
Debt Instrument [Line Items]
Margin rate lowered in applicable to Letter of Credit				2.00%
Revolving Credit Facility [Member] \| Maximum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Applicable margin Percentage				1.00%
Revolving Credit Facility [Member] \| Maximum [Member] \| Base Rate [Member] \| Subsequent Event [Member]
Debt Instrument [Line Items]
Applicable margin Percentage	0.75%
Revolving Credit Facility [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Applicable margin Percentage				2.00%
Revolving Credit Facility [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Subsequent Event [Member]
Debt Instrument [Line Items]
Applicable margin Percentage	1.75%
Revolving Credit Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Unused commitment fee margin percentage				0.25%
Revolving Credit Facility [Member] \| Minimum [Member] \| Letter of Credit [Member]
Debt Instrument [Line Items]
Margin rate lowered in applicable to Letter of Credit				1.50%
Revolving Credit Facility [Member] \| Minimum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Applicable margin Percentage				0.50%
Revolving Credit Facility [Member] \| Minimum [Member] \| Base Rate [Member] \| Subsequent Event [Member]
Debt Instrument [Line Items]
Applicable margin Percentage	0.25%
Revolving Credit Facility [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Applicable margin Percentage				1.50%
Revolving Credit Facility [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Subsequent Event [Member]
Debt Instrument [Line Items]
Applicable margin Percentage	1.25%
Letter of Credit Sub-Facility, and Guaranty [Member] \| Subsequent Event [Member]
Debt Instrument [Line Items]
Existing credit facility with its lenders	$ 30,000,000

Capital Lease Obligations - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2018 Lease_Agreement
Debt Disclosure [Abstract]
Number of capital lease obligation	1
Capital lease obligation expiring	2022

Capital Lease Obligations - Future Minimum Capital Lease Payments (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Capital Leases Future Minimum Payments Net Present Value [Abstract]
2019	$ 252
2020	252
2021	252
2022	42
Total minimum lease payments	798
Less: amount representing interest	(72)
Present value of minimum lease payments	$ 726	$ 1,486

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	21.00%	35.00%	35.00%
One-time decrease in income tax expense from re-measurement of deferred tax assets and liabilities		$ 66,900,000
Federal net operating loss carry forwards	$ 86,200,000
Expire in varying amounts for federal net operating loss carry forwards	2030 through 2036
Federal net operating loss carry forwards does not expire	$ 298,200,000
Federal alternative minimum tax credit carry forwards	3,000,000
General business credit carry forwards	$ 400,000
Expire in varying amounts for business credit carry forwards	2026 and 2037
State income tax credits expiration date	2019
State income tax credits carry forward	$ 200,000
Tax Cuts and Jobs Act, AMT credit refundable period	2018 and 2022
Tax Cuts and Jobs Act, Reclassification of deferred income taxes to income tax receivable	$ 1,500,000
Decreased in valuation allowance for state net operating losses that were realized	100,000
Unrecognized tax benefits	$ 0	106,000	$ 6,119,000	$ 6,000,000
Lapse in statute of limitations related to unrecognized tax benefits		6,013,000
Decrease in income tax expense resulting from lapse of statute limitations in unrecognized tax benefits		$ 5,900,000

Income Taxes - Income Tax Provision (Benefit) (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
U.S. Federal, Current		$ (1,522)
U.S. Federal, Deferred		23,126	$ (54,241)	$ 21,516
U.S. Federal, Total		21,604	(54,241)	21,516
State, Current		2,868	220	280
State, Deferred		3,568	3,707	62
State, Total		6,436	3,927	342
Current, Total		1,346	220	280
Deferred, Total		26,694	(50,534)	21,578
Total	$ (5,900)	$ 28,040	$ (50,314)	$ 21,858

Income Taxes - Deferred Income Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Accounts receivable	$ 1,010	$ 929
Inventories	93	239
Net operating losses	86,859	18,165
AMT and tax credits	2,110	3,565
Sec 263A costs	752	544
Accrued liabilities	2,869	2,767
Deferred compensation	1,561	1,132
Accrued interest	387	365
Stock-based compensation	146	181
Goodwill and intangible assets	346
Other assets	415	531
Deferred tax assets, Total	96,548	28,418
Valuation allowance	(609)	(732)
Deferred tax assets, net of valuation allowance, Total	95,939	27,686
Deferred tax liabilities:
Property and equipment	(245,198)	(152,235)
Investments	(1,076)	(1,066)
Goodwill and intangible assets	(2,778)	(804)
Deferred tax liabilities, Total	(249,052)	(154,105)
Net deferred tax liabilities	$ (153,113)	$ (126,419)

Income Taxes - Actual Income Tax Expense (benefit) (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Computed tax at statutory rates			$ 21,979	$ 20,770	$ 20,660
Permanent items - other			1,021	911	904
Permanent items - excess of tax deductible goodwill				(2,130)
State income tax, net of federal tax effect			5,246	2,563	2,115
Change in valuation allowance			(123)	397	207
Change in uncertain tax positions			(83)	(5,960)	66
Other - change in deferred state rate					(2,094)
Impact of the Act federal rate change	$ (66,900)			(66,865)
Total		$ (5,900)	$ 28,040	$ (50,314)	$ 21,858

Income Taxes - Amounts of Gross Unrecognized Tax Benefits (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Gross unrecognized tax benefits at January 1	$ 106,000	$ 6,119,000
Increases in tax positions taken in prior years		22,000
Decreases in tax positions taken in prior years	(106,000)	(22,000)
Lapse in statute of limitations		(6,013,000)
Gross unrecognized tax benefits at December 31	$ 0	$ 106,000

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Commitments And Contingencies Disclosure [Line Items]
Rent expense on property leases and equipment leases	$ 23.1	$ 20.1	$ 18.7
Outstanding letters of credit	$ 7.7	$ 7.7
Letter of Credit [Member]
Commitments And Contingencies Disclosure [Line Items]
Expiration date of letter of credit	May 31, 2019
Line of credit renewed terms	1 year

Commitments and Contingencies - Future Minimum Operating Lease Payments (Detail) $ in Thousands	Dec. 31, 2018 USD ($)
Operating Leases Future Minimum Payments Due [Abstract]
2019	$ 21,775
2020	21,965
2021	21,176
2022	19,854
2023	17,145
Thereafter	86,398
Total	$ 188,313

Employee Benefit Plan - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Compensation And Retirement Disclosure [Abstract]
Amount of contributions in profit - sharing plan net of employee forfeitures	$ 2.5	$ 2.2	$ 2.0

Deferred Compensation Plans - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($) CompensationPlan	Dec. 31, 2017 USD ($)
Postemployment Benefits [Abstract]
Number of deferred compensation plan \| CompensationPlan	1
Effective rate	4.50%
Aggregate deferred compensation payable	$ 1,989	$ 1,903
Accrued interest	$ 1,500	$ 1,400

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Perkins-McKenzie Insurance Agency Inc. [Member]
Related Party Transaction [Line Items]
Commissions paid	$ 0.8	$ 0.8	$ 0.9
John M. Engquist [Member] \| B-C Equipment Sales Inc [Member]
Related Party Transaction [Line Items]
Percentage of ownership interest in equity	50.00%
Products and services purchased	$ 0.1	0.4	0.4
Sales to related party	$ 0.1	$ 0.1	$ 0.1
John M. Engquist [Member] \| Perkins-McKenzie Insurance Agency Inc. [Member]
Related Party Transaction [Line Items]
Percentage of ownership interest in equity	30.00%
John M. Engquist Mother's Estate [Member] \| Perkins-McKenzie Insurance Agency Inc. [Member]
Related Party Transaction [Line Items]
Percentage of ownership interest in equity	12.00%
John M Engquist Sister [Member] \| Perkins-McKenzie Insurance Agency Inc. [Member]
Related Party Transaction [Line Items]
Percentage of ownership interest in equity	6.00%

Summarized Quarterly Financial Data (Unaudited) - Summary of Unaudited Quarterly Financial Results of Operations (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 294,666	$ 259,162	$ 249,363	$ 226,828	$ 1,238,961	$ 1,030,019	$ 978,137
Income from operations	50,899	45,318	43,103	27,326	40,268	47,654	28,668	21,325	166,646	137,915	110,767
Income before provision for income taxes	34,755	28,971	27,869	13,068	27,569	7,577	15,668	8,530	104,663	59,344	59,030
Net income	$ 25,060	$ 21,314	$ 20,771	$ 9,478	$ 85,928	$ 8,462	$ 9,878	$ 5,390	$ 76,623	$ 109,658	$ 37,172
Basic net income per common share	$ 0.70	$ 0.60	$ 0.58	$ 0.27	$ 2.41	$ 0.24	$ 0.28	$ 0.15	$ 2.15	$ 3.09	$ 1.05
Diluted net income per common share	$ 0.70	$ 0.59	$ 0.58	$ 0.26	$ 2.40	$ 0.24	$ 0.28	$ 0.15	$ 2.13	$ 3.07	$ 1.05

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Summarized Quarterly Financial Data (Unaudited) - Summary of Unaudited Quarterly Financial Results of Operations (Parenthetical) (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Merger breakup fee proceeds (net of merger costs)	$ 5,800,000	$ 6,500,000
Loss on early extinguishment of debt		25,400,000		$ 25,363,000
Unrecognized tax benefits	106,000	6,000,000	$ 0	106,000	$ 6,119,000
Income tax expense (benefit)		$ (5,900,000)	$ 28,040,000	(50,314,000)	$ 21,858,000
One-time decrease in income tax expense related to impact from enactment	$ 66,900,000			$ 66,865,000

Segment Information - Additional Information (Detail)	12 Months Ended
Segment Information - Additional Information (Detail)	Dec. 31, 2018 Customer Segment	Dec. 31, 2017 Customer	Dec. 31, 2016 Customer
Segment Reporting [Abstract]
Number of reportable segment \| Segment	5
Sales to international customers	0.10%	0.40%	0.40%
Customer accounted for more than 10% of revenue \| Customer	0	0	0

Segment Information - Schedule of Information about Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Revenues:
Revenues	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 294,666	$ 259,162	$ 249,363	$ 226,828	$ 1,238,961	$ 1,030,019	$ 978,137
Segment Gross Profit:
Total gross profit									438,534	359,908	335,611
Segment identified assets:
Total assets	1,727,181				1,467,717				1,727,181	1,467,717
Operating Segments [Member]
Segment Revenues:
Revenues									1,164,208	966,772	919,487
Segment Gross Profit:
Total gross profit									438,535	360,531	336,918
Segment identified assets:
Total assets	1,246,096				979,828				1,246,096	979,828
Operating Segments [Member] \| Equipment Rentals [Member]
Segment Revenues:
Revenues									592,193	479,016	445,227
Segment Gross Profit:
Total gross profit									294,220	231,855	211,118
Segment identified assets:
Total assets	1,141,498				904,824				1,141,498	904,824
Operating Segments [Member] \| New Equipment Sales [Member]
Segment Revenues:
Revenues									262,948	203,301	196,688
Segment Gross Profit:
Total gross profit									30,891	22,599	21,132
Operating Segments [Member] \| Used Equipment Sales [Member]
Segment Revenues:
Revenues									125,125	107,329	96,910
Segment Gross Profit:
Total gross profit									39,073	33,197	30,172
Segment identified assets:
Total assets	86,583				58,125				86,583	58,125
Operating Segments [Member] \| Parts Sales [Member]
Segment Revenues:
Revenues									120,454	114,253	115,989
Segment Gross Profit:
Total gross profit									32,191	31,118	31,662
Operating Segments [Member] \| Services Revenues [Member]
Segment Revenues:
Revenues									63,488	62,873	64,673
Segment Gross Profit:
Total gross profit									42,160	41,762	42,834
Operating Segments [Member] \| Parts and Services [Member]
Segment identified assets:
Total assets	18,015				16,879				18,015	16,879
Non-Segmented [Member]
Segment Revenues:
Revenues									74,753	63,247	58,650
Segment Gross Profit:
Total gross profit									(1)	(623)	$ (1,307)
Segment identified assets:
Total assets	$ 481,085				$ 487,889				$ 481,085	$ 487,889

Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Assets:
Cash	$ 16,677	$ 165,878
Receivables, net	201,556	176,081
Inventories, net	104,598	75,004
Prepaid expenses and other assets	10,508	9,172
Rental equipment, net	1,141,498	904,824
Property and equipment, net	115,121	101,789
Deferred financing costs, net	3,000	3,772
Intangible assets, net	28,380
Goodwill	105,843	31,197	$ 31,197
Total assets	1,727,181	1,467,717
Liabilities and Stockholders’ Equity:
Amount due on senior secured credit facility	170,761
Accounts payable	101,840	89,781
Manufacturer flooring plans payable	23,666	22,002
Accrued expenses payable and other liabilities	73,371	65,095
Dividends payable	132	150
Senior unsecured notes	944,780	944,088
Capital leases payable	726	1,486
Deferred income taxes	153,113	126,419
Deferred compensation payable	1,989	1,903
Total liabilities	1,470,378	1,250,924
Stockholders’ equity	256,803	216,793	$ 142,765	$ 142,588
Total liabilities and stockholders’ equity	1,727,181	1,467,717
Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Assets:
Cash	16,677	165,878
Receivables, net	166,393	138,657
Inventories, net	94,483	63,828
Prepaid expenses and other assets	10,382	9,030
Rental equipment, net	983,281	760,972
Property and equipment, net	98,251	89,952
Deferred financing costs, net	3,000	3,772
Investment in guarantor subsidiaries	246,309	222,217
Intangible assets, net	28,380
Goodwill	76,317	1,671
Total assets	1,723,473	1,455,977
Liabilities and Stockholders’ Equity:
Amount due on senior secured credit facility	170,761
Accounts payable	95,866	78,811
Manufacturer flooring plans payable	23,178	20,300
Accrued expenses payable and other liabilities	76,798	67,466
Dividends payable	185	197
Senior unsecured notes	944,780	944,088
Deferred income taxes	153,113	126,419
Deferred compensation payable	1,989	1,903
Total liabilities	1,466,670	1,239,184
Stockholders’ equity	256,803	216,793
Total liabilities and stockholders’ equity	1,723,473	1,455,977
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Assets:
Receivables, net	35,163	37,424
Inventories, net	10,115	11,176
Prepaid expenses and other assets	126	142
Rental equipment, net	158,217	143,852
Property and equipment, net	16,870	11,837
Goodwill	29,526	29,526
Total assets	250,017	233,957
Liabilities and Stockholders’ Equity:
Accounts payable	5,974	10,970
Manufacturer flooring plans payable	488	1,702
Accrued expenses payable and other liabilities	(3,427)	(2,371)
Dividends payable	(53)	(47)
Capital leases payable	726	1,486
Total liabilities	3,708	11,740
Stockholders’ equity	246,309	222,217
Total liabilities and stockholders’ equity	250,017	233,957
Elimination [Member]
Assets:
Investment in guarantor subsidiaries	(246,309)	(222,217)
Total assets	(246,309)	(222,217)
Liabilities and Stockholders’ Equity:
Stockholders’ equity	(246,309)	(222,217)
Total liabilities and stockholders’ equity	$ (246,309)	$ (222,217)

Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Statement of Income (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Revenues	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 294,666	$ 259,162	$ 249,363	$ 226,828	$ 1,238,961	$ 1,030,019	$ 978,137
Cost of revenues:
Cost of revenues									800,427	670,111	642,526
Gross profit (loss):
Gross profit									438,534	359,908	335,611
Selling, general and administrative expenses									278,298	232,784	228,129
Merger costs (net of merger breakup fee proceeds)									708	(5,782)
Gain from sales of property and equipment, net									7,118	5,009	3,285
Income from operations	50,899	45,318	43,103	27,326	40,268	47,654	28,668	21,325	166,646	137,915	110,767
Other income (expense):
Interest expense									(63,707)	(54,958)	(53,604)
Loss on early extinguishment of debt						(25,400)				(25,363)
Other, net									1,724	1,750	1,867
Total other expense, net									(61,983)	(78,571)	(51,737)
Income before provision (benefit) for income taxes	34,755	28,971	27,869	13,068	27,569	7,577	15,668	8,530	104,663	59,344	59,030
Provision (benefit) for income taxes						(5,900)			28,040	(50,314)	21,858
Net income	$ 25,060	$ 21,314	$ 20,771	$ 9,478	$ 85,928	$ 8,462	$ 9,878	$ 5,390	76,623	109,658	37,172
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues									208,453	169,455	162,415
Rental Expense [Member]
Cost of revenues:
Cost of revenues									89,520	77,706	71,694
Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									1,035,942	849,032	805,673
Cost of revenues:
Cost of revenues									665,252	554,253	530,593
Gross profit (loss):
Gross profit									370,690	294,779	275,080
Selling, general and administrative expenses									232,892	190,392	187,369
Equity in earnings of guarantor subsidiaries									13,247	16,136	11,416
Merger costs (net of merger breakup fee proceeds)									708	(5,782)
Gain from sales of property and equipment, net									6,475	2,435	2,789
Income from operations									156,812	128,740	101,916
Other income (expense):
Interest expense									(53,681)	(45,480)	(44,503)
Loss on early extinguishment of debt										(25,363)
Other, net									1,532	1,447	1,617
Total other expense, net									(52,149)	(69,396)	(42,886)
Income before provision (benefit) for income taxes									104,663	59,344	59,030
Provision (benefit) for income taxes									28,040	(50,314)	21,858
Net income									76,623	109,658	37,172
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									203,019	180,987	172,464
Cost of revenues:
Cost of revenues									135,175	115,858	111,933
Gross profit (loss):
Gross profit									67,844	65,129	60,531
Selling, general and administrative expenses									45,406	42,392	40,760
Gain from sales of property and equipment, net									643	2,574	496
Income from operations									23,081	25,311	20,267
Other income (expense):
Interest expense									(10,026)	(9,478)	(9,101)
Other, net									192	303	250
Total other expense, net									(9,834)	(9,175)	(8,851)
Income before provision (benefit) for income taxes									13,247	16,136	11,416
Net income									13,247	16,136	11,416
Elimination [Member]
Gross profit (loss):
Equity in earnings of guarantor subsidiaries									(13,247)	(16,136)	(11,416)
Income from operations									(13,247)	(16,136)	(11,416)
Other income (expense):
Income before provision (benefit) for income taxes									(13,247)	(16,136)	(11,416)
Net income									(13,247)	(16,136)	(11,416)
Equipment Rentals [Member]
Revenues:
Revenues									592,193	479,016	445,227
Gross profit (loss):
Gross profit									294,220	231,855	211,118
Equipment Rentals [Member] \| Rental Depreciation [Member]
Cost of revenues:
Cost of revenues									208,453	169,455	162,415
Equipment Rentals [Member] \| Rental Expense [Member]
Cost of revenues:
Cost of revenues									89,520	77,706	71,694
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									506,620	395,275	364,654
Gross profit (loss):
Gross profit									251,762	190,188	170,907
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									85,573	83,741	80,573
Gross profit (loss):
Gross profit									42,458	41,667	40,211
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| Rental Depreciation [Member] \| H & E Equipment Services [Member]
Cost of revenues:
Cost of revenues									178,371	140,489	134,484
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| Rental Depreciation [Member] \| Guarantor Subsidiaries [Member]
Cost of revenues:
Cost of revenues									30,082	28,966	27,931
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| Rental Expense [Member] \| H & E Equipment Services [Member]
Cost of revenues:
Cost of revenues									76,487	64,598	59,263
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| Rental Expense [Member] \| Guarantor Subsidiaries [Member]
Cost of revenues:
Cost of revenues									13,033	13,108	12,431
New Equipment Sales [Member]
Revenues:
Revenues									262,948	203,301	196,688
Cost of revenues:
Cost of revenues									232,057	180,702	175,556
Gross profit (loss):
Gross profit									30,891	22,599	21,132
New Equipment Sales [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									207,564	166,730	158,291
Cost of revenues:
Cost of revenues									183,164	148,163	140,948
Gross profit (loss):
Gross profit									24,400	18,567	17,343
New Equipment Sales [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									55,384	36,571	38,397
Cost of revenues:
Cost of revenues									48,893	32,539	34,608
Gross profit (loss):
Gross profit									6,491	4,032	3,789
Used Equipment Sales [Member]
Revenues:
Revenues									125,125	107,329	96,910
Cost of revenues:
Cost of revenues									86,052	74,132	66,738
Gross profit (loss):
Gross profit									39,073	33,197	30,172
Used Equipment Sales [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									102,005	84,741	78,956
Cost of revenues:
Cost of revenues									69,960	59,481	55,075
Gross profit (loss):
Gross profit									32,045	25,260	23,881
Used Equipment Sales [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									23,120	22,588	17,954
Cost of revenues:
Cost of revenues									16,092	14,651	11,663
Gross profit (loss):
Gross profit									7,028	7,937	6,291
Parts Sales [Member]
Revenues:
Revenues									120,454	114,253	115,989
Cost of revenues:
Cost of revenues									88,263	83,135	84,327
Gross profit (loss):
Gross profit									32,191	31,118	31,662
Parts Sales [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									103,586	97,852	100,920
Cost of revenues:
Cost of revenues									76,425	71,603	73,587
Gross profit (loss):
Gross profit									27,161	26,249	27,333
Parts Sales [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									16,868	16,401	15,069
Cost of revenues:
Cost of revenues									11,838	11,532	10,740
Gross profit (loss):
Gross profit									5,030	4,869	4,329
Services Revenues [Member]
Revenues:
Revenues									63,488	62,873	64,673
Cost of revenues:
Cost of revenues									21,328	21,111	21,839
Gross profit (loss):
Gross profit									42,160	41,762	42,834
Services Revenues [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									53,534	52,807	55,391
Cost of revenues:
Cost of revenues									18,100	17,851	18,963
Gross profit (loss):
Gross profit									35,434	34,956	36,428
Services Revenues [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									9,954	10,066	9,282
Cost of revenues:
Cost of revenues									3,228	3,260	2,876
Gross profit (loss):
Gross profit									6,726	6,806	6,406
Other [Member]
Revenues:
Revenues									74,753	63,247	58,650
Cost of revenues:
Cost of revenues									74,754	63,870	59,957
Gross profit (loss):
Gross profit									(1)	(623)	(1,307)
Other [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									62,633	51,627	47,461
Cost of revenues:
Cost of revenues									62,745	52,068	48,273
Gross profit (loss):
Gross profit									(112)	(441)	(812)
Other [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									12,120	11,620	11,189
Cost of revenues:
Cost of revenues									12,009	11,802	11,684
Gross profit (loss):
Gross profit									$ 111	$ (182)	$ (495)

Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net income		$ 76,623	$ 109,658	$ 37,172
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		24,593	23,790	27,282
Depreciation on rental equipment		208,453	169,455	162,415
Amortization of intangible assets		3,320
Amortization of deferred financing costs		1,083	1,046	1,052
Accretion of note discount, net of premium amortization		477	274	168
Provision for losses on accounts receivable		2,741	3,932	3,137
Provision for inventory obsolescence		122	161	127
Change in deferred income taxes		26,695	(50,535)	21,578
Stock-based compensation expense		4,214	3,526	3,037
Loss on early extinguishment of debt	$ 25,400		25,363
Gain from sales of property and equipment, net		(7,118)	(5,009)	(3,285)
Gain from sales of rental equipment, net		(38,352)	(31,882)	(29,003)
Changes in operating assets and liabilities, net of acquisitions:
Receivables		(17,761)	(40,012)	4,154
Inventories		(48,230)	(31,771)	4,267
Prepaid expenses and other assets		(965)	(1,659)	2,541
Accounts payable		6,994	50,349	(27,345)
Manufacturer flooring plans payable		1,664	(8,778)	(31,653)
Accrued expenses payable and other liabilities		2,572	8,230	1,667
Deferred compensation payable		86	61	(332)
Net cash provided by operating activities		247,211	226,199	176,979
Cash flows from investing activities:
Acquisition of business, net of cash acquired		(196,027)
Purchases of property and equipment		(34,960)	(22,515)	(22,895)
Purchases of rental equipment		(416,600)	(234,209)	(179,709)
Proceeds from sales of property and equipment		9,261	7,506	3,805
Proceeds from sales of rental equipment		112,086	96,143	84,389
Net cash used in investing activities		(526,240)	(153,075)	(114,410)
Cash flows from financing activities:
Purchases of treasury stock		(1,350)	(783)	(561)
Borrowings on senior secured credit facility		1,436,849	1,193,544	966,146
Payments on senior secured credit facility		(1,266,088)	(1,356,186)	(988,361)
Dividends paid		(39,274)	(39,172)	(39,066)
Principal payments on senior unsecured notes due 2023			(630,000)
Costs paid to tender and redeem senior unsecured notes due 2022			(23,336)
Proceeds from issuance of senior unsecured notes due 2025			958,500
Payments of deferred financing costs		(97)	(17,278)
Payments of capital lease obligations		(212)	(218)	(203)
Net cash provided by (used in) financing activities		129,828	85,071	(62,045)
Net increase (decrease) in cash		(149,201)	158,195	524
Cash, beginning of year		165,878	7,683	7,159
Cash, end of year		16,677	165,878	7,683
Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Cash flows from operating activities:
Net income		76,623	109,658	37,172
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		21,570	20,742	24,194
Depreciation on rental equipment		178,371	140,489	134,484
Amortization of intangible assets		3,320
Amortization of deferred financing costs		1,083	1,046	1,052
Accretion of note discount, net of premium amortization		477	274	168
Provision for losses on accounts receivable		2,065	3,148	2,616
Provision for inventory obsolescence		122	161	127
Change in deferred income taxes		26,695	(50,535)	21,578
Stock-based compensation expense		4,214	3,526	3,037
Loss on early extinguishment of debt			25,363
Gain from sales of property and equipment, net		(6,475)	(2,435)	(2,789)
Gain from sales of rental equipment, net		(31,595)	(24,063)	(22,780)
Equity in earnings of guarantor subsidiaries		(13,247)	(16,136)	(11,416)
Changes in operating assets and liabilities, net of acquisitions:
Receivables		(19,346)	(29,083)	8,783
Inventories		(45,349)	(23,221)	5,785
Prepaid expenses and other assets		(981)	(1,687)	2,566
Accounts payable		11,990	42,623	(27,771)
Manufacturer flooring plans payable		2,878	(10,599)	(31,534)
Accrued expenses payable and other liabilities		4,176	8,660	2,263
Deferred compensation payable		86	61	(332)
Net cash provided by operating activities		216,677	197,992	147,203
Cash flows from investing activities:
Acquisition of business, net of cash acquired		(196,027)
Purchases of property and equipment		(26,903)	(17,852)	(19,505)
Purchases of rental equipment		(362,780)	(198,988)	(138,562)
Proceeds from sales of property and equipment		8,617	3,528	3,190
Proceeds from sales of rental equipment		92,014	74,090	67,282
Investment in subsidiaries		(10,845)	14,128	2,749
Net cash used in investing activities		(495,924)	(125,094)	(84,846)
Cash flows from financing activities:
Purchases of treasury stock		(1,350)	(783)	(561)
Borrowings on senior secured credit facility		1,436,849	1,193,544	966,146
Payments on senior secured credit facility		(1,266,088)	(1,356,186)	(988,361)
Dividends paid		(39,268)	(39,164)	(39,057)
Principal payments on senior unsecured notes due 2023			(630,000)
Costs paid to tender and redeem senior unsecured notes due 2022			(23,336)
Proceeds from issuance of senior unsecured notes due 2025			958,500
Payments of deferred financing costs		(97)	(17,278)
Net cash provided by (used in) financing activities		130,046	85,297	(61,833)
Net increase (decrease) in cash		(149,201)	158,195	524
Cash, beginning of year		165,878	7,683	7,159
Cash, end of year		16,677	165,878	7,683
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net income		13,247	16,136	11,416
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		3,023	3,048	3,088
Depreciation on rental equipment		30,082	28,966	27,931
Provision for losses on accounts receivable		676	784	521
Gain from sales of property and equipment, net		(643)	(2,574)	(496)
Gain from sales of rental equipment, net		(6,757)	(7,819)	(6,223)
Changes in operating assets and liabilities, net of acquisitions:
Receivables		1,585	(10,929)	(4,629)
Inventories		(2,881)	(8,550)	(1,518)
Prepaid expenses and other assets		16	28	(25)
Accounts payable		(4,996)	7,726	426
Manufacturer flooring plans payable		(1,214)	1,821	(119)
Accrued expenses payable and other liabilities		(1,604)	(430)	(596)
Net cash provided by operating activities		30,534	28,207	29,776
Cash flows from investing activities:
Purchases of property and equipment		(8,057)	(4,663)	(3,390)
Purchases of rental equipment		(53,820)	(35,221)	(41,147)
Proceeds from sales of property and equipment		644	3,978	615
Proceeds from sales of rental equipment		20,072	22,053	17,107
Net cash used in investing activities		(41,161)	(13,853)	(26,815)
Cash flows from financing activities:
Dividends paid		(6)	(8)	(9)
Payments of capital lease obligations		(212)	(218)	(203)
Capital contributions		10,845	(14,128)	(2,749)
Net cash provided by (used in) financing activities		10,627	(14,354)	(2,961)
Elimination [Member]
Cash flows from operating activities:
Net income		(13,247)	(16,136)	(11,416)
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of guarantor subsidiaries		13,247	16,136	11,416
Cash flows from investing activities:
Investment in subsidiaries		10,845	(14,128)	(2,749)
Net cash used in investing activities		10,845	(14,128)	(2,749)
Cash flows from financing activities:
Capital contributions		(10,845)	14,128	2,749
Net cash provided by (used in) financing activities		$ (10,845)	$ 14,128	$ 2,749

Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$ 4,721	$ 4,669	$ 5,663
Additions Charged to Costs and Expenses	2,863	4,093	3,264
Deductions	(3,122)	(4,041)	(4,258)
Balance at End of Year	4,462	4,721	4,669
Allowance for doubtful accounts receivable [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	3,774	3,769	4,729
Additions Charged to Costs and Expenses	2,741	3,932	3,137
Deductions	(2,421)	(3,927)	(4,097)
Balance at End of Year	4,094	3,774	3,769
Allowance for inventory obsolescence [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	947	900	934
Additions Charged to Costs and Expenses	122	161	127
Deductions	(701)	(114)	(161)
Balance at End of Year	$ 368	$ 947	$ 900