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Accrued Expenses Payable and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Accrued Expenses Payable and Other Liabilities

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

	2019		2018
Payroll and related liabilities	$	30,903	$	24,864
Sales, use and property taxes		11,042		10,069
Accrued interest		18,804		18,771
Accrued insurance		5,837		4,328
Deferred revenue		4,038		5,973
Other		7,758		9,366
Total accrued expenses payable and other liabilities	$	78,382	$	73,371

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash	$ 14,247	$ 16,677
Receivables, net of allowance for doubtful accounts of $5,236 and $4,094, respectively	192,204	201,556
Inventories, net of reserves for obsolescence of $331 and $368, respectively	85,478	104,598
Prepaid expenses and other assets	10,262	10,508
Rental equipment, net of accumulated depreciation of $676,376 and $582,520, respectively	1,217,673	1,141,498
Property and equipment, net of accumulated depreciation and amortization of $156,782 and $142,662, respectively	130,564	115,121
Operating lease right-of-use assets, net of accumulated amortization of $11,197	156,570
Finance lease right-of-use assets, net of accumulated amortization of $2,051	365
Deferred financing costs, net of accumulated amortization of $14,419 and $13,717, respectively	2,857	3,000
Intangible assets, net of accumulated amortization of $6,952 and $3,320, respectively	32,948	28,380
Goodwill	131,442	105,843
Total assets	1,974,610	1,727,181
Liabilities:
Amounts due on senior secured credit facility	216,879	170,761
Accounts payable	58,853	101,840
Manufacturer flooring plans payable	25,201	23,666
Accrued expenses payable and other liabilities	78,382	73,371
Dividends payable	171	132
Senior unsecured notes, net of unaccreted discount of $2,691 and $3,168 and deferred financing costs of $1,743 and $2,052, respectively	945,566	944,780
Operating lease right-of-use liabilities	159,265
Finance lease right-of-use liabilities	550
Capital leases payable		726
Deferred income taxes	180,126	153,113
Deferred compensation payable	2,098	1,989
Total liabilities	1,667,091	1,470,378
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; 39,921,838 and 39,748,562 shares issued at December 31, 2019 and 2018, respectively, and 35,848,089 and 35,733,569 shares outstanding at December 31, 2019 and 2018, respectively	398	396
Additional paid-in capital	235,844	231,174
Treasury stock at cost, 4,073,749 and 4,014,993 shares of common stock held at December 31, 2019 and 2018, respectively	(64,783)	(63,099)
Retained earnings	136,060	88,332
Total stockholders’ equity	307,519	256,803
Total liabilities and stockholders’ equity	$ 1,974,610	$ 1,727,181

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, 2016	$ 142,765	$ 394	$ 223,544	$ (60,966)	$ (20,207)
Beginning balances, 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 2017, $1.10 per share in 2018 and $1.10 per share in 2019)	(39,255)				(39,255)
Issuances of non-vested restricted common stock, net of restricted stock forfeitures	1	$ 1
Issuances of non-vested restricted common stock, net of restricted stock forfeitures, shares		127,014
Repurchases of 37,565, 37,805 and 58,756 shares of restricted common stock in 31 December 2017, 2018 and 2019 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
Stock-based compensation	4,214		4,214
Cash dividends declared on common stock ($1.10 per share in 2017, $1.10 per share in 2018 and $1.10 per share in 2019)	(39,368)				(39,368)
Issuances of non-vested restricted common stock, net of restricted stock forfeitures	(109)	$ 1	(110)
Issuances of non-vested restricted common stock, net of restricted stock forfeitures, shares		124,789
Repurchases of 37,565, 37,805 and 58,756 shares of restricted common stock in 31 December 2017, 2018 and 2019 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
Cumulative Effect of New Accounting Principle in Period of Adoption \| Adoption of Topic 842	$ (56)				(56)
Stock-based compensation	4,670		4,670
Cash dividends declared on common stock ($1.10 per share in 2017, $1.10 per share in 2018 and $1.10 per share in 2019)	(39,427)				(39,427)
Issuances of non-vested restricted common stock, net of restricted stock forfeitures	2	$ 2
Issuances of non-vested restricted common stock, net of restricted stock forfeitures, shares		173,276
Repurchases of 37,565, 37,805 and 58,756 shares of restricted common stock in 31 December 2017, 2018 and 2019 respectively	(1,684)			(1,684)
Net income	87,211				87,211
Ending Balance at Dec. 31, 2019	$ 307,519	$ 398	$ 235,844	$ (64,783)	$ 136,060
Balance, Shares at Dec. 31, 2019	39,921,838	39,921,838

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, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Basic net income per share:
Net income	$ 21,923	$ 28,431	$ 22,614	$ 14,243	$ 25,060	$ 21,314	$ 20,771	$ 9,478	$ 87,211	$ 76,623	$ 109,658
Weighted average number of common shares outstanding									35,859	35,677	35,516
Net income per common share — basic	$ 0.61	$ 0.79	$ 0.63	$ 0.40	$ 0.70	$ 0.60	$ 0.58	$ 0.27	$ 2.43	$ 2.15	$ 3.09
Diluted net income per share:
Net income	$ 21,923	$ 28,431	$ 22,614	$ 14,243	$ 25,060	$ 21,314	$ 20,771	$ 9,478	$ 87,211	$ 76,623	$ 109,658
Weighted average number of common shares outstanding									35,859	35,677	35,516
Effect of dilutive securities:
Weighted average number of common shares outstanding — diluted									36,033	35,903	35,699
Net income per common share — diluted	$ 0.61	$ 0.79	$ 0.63	$ 0.40	$ 0.70	$ 0.59	$ 0.58	$ 0.26	$ 2.42	$ 2.13	$ 3.07
Non-vested restricted stock [Member]
Effect of dilutive securities:
Effect of dilutive non-vested stock									174	226	183
Common shares excluded from the denominator as anti-dilutive:
Common shares excluded from the denominator as anti-dilutive									32	43

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	21.00%	21.00%	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	$ 366,900,000
Federal alternative minimum tax credit carry forwards	1,500,000
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	2022
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	$ 800,000
Decreased in valuation allowance for state net operating losses that are expected to be fully realized	600,000
Unrecognized tax benefits	$ 0	$ 0	$ 106,000

Nature of Operations

12 Months Ended

Dec. 31, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Nature of Operations

(1)	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.

Senior Unsecured Notes - Reconciliation of Senior Unsecured Notes to Condensed Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Senior unsecured notes, beginning balance	$ 944,780
Amortization of deferred financing costs	1,010	$ 1,083	$ 1,046
Senior unsecured notes, ending balance	945,566	944,780
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Senior unsecured notes, beginning balance	944,780	944,088
Accretion of discount	1,539	1,539
Amortization of note premium	(1,062)	(1,062)
Amortization of deferred financing costs	309	312
Senior unsecured notes, ending balance	$ 945,566	944,780	$ 944,088
Senior Unsecured Notes [Member] \| 5.6250% Senior Notes [Member]
Debt Instrument [Line Items]
Additional deferred financing costs		$ (97)

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Commitments And Contingencies Disclosure [Line Items]
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, 2020
Line of credit renewed terms	1 year

Summary of Significant Accounting Policies - Schedule of Expected Amortization Expense of Intangible Assets with Remaining Carrying Value (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
2020	$ 3,987
2021	3,970
2022	3,970
2023	3,970
2024	3,970
Thereafter	13,081
Net	$ 32,948	$ 28,380

Accrued Expenses Payable and Other Liabilities

12 Months Ended

Dec. 31, 2019

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):

	2019		2018
Payroll and related liabilities	$	30,903	$	24,864
Sales, use and property taxes		11,042		10,069
Accrued interest		18,804		18,771
Accrued insurance		5,837		4,328
Deferred revenue		4,038		5,973
Other		7,758		9,366
Total accrued expenses payable and other liabilities	$	78,382	$	73,371

Accrued Expenses Payable and Other Liabilities - Accrued Expenses Payable and Other Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounts Payable And Accrued Liabilities Current And Noncurrent [Abstract]
Payroll and related liabilities	$ 30,903	$ 24,864
Sales, use and property taxes	11,042	10,069
Accrued interest	18,804	18,771
Accrued insurance	5,837	4,328
Deferred revenue	4,038	5,973
Other	7,758	9,366
Total accrued expenses payable and other liabilities	$ 78,382	$ 73,371

Segment Information - Additional Information (Detail)	12 Months Ended
Segment Information - Additional Information (Detail)	Dec. 31, 2019 Customer Segment	Dec. 31, 2018 Customer	Dec. 31, 2017 Customer
Segment Reporting [Abstract]
Number of reportable segment \| Segment	5
Sales to international customers	0.20%	0.10%	0.40%
Customer accounted for more than 10% of revenue \| Customer	0	0	0

Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$ 4,462	$ 4,721	$ 4,669
Additions Charged to Costs and Expenses	5,945	2,863	4,093
Deductions	(4,840)	(3,122)	(4,041)
Balance at End of Year	5,567	4,462	4,721
Allowance for doubtful accounts receivable [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	4,094	3,774	3,769
Additions Charged to Costs and Expenses	5,793	2,741	3,932
Deductions	(4,651)	(2,421)	(3,927)
Balance at End of Year	5,236	4,094	3,774
Allowance for inventory obsolescence [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	368	947	900
Additions Charged to Costs and Expenses	152	122	161
Deductions	(189)	(701)	(114)
Balance at End of Year	$ 331	$ 368	$ 947

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Perkins-McKenzie Insurance Agency Inc. [Member]
Related Party Transaction [Line Items]
Commissions paid	$ 0.9	$ 0.8	$ 0.8
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	$ 0.3	0.1	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	48.00%	48.00%	48.00%

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, 2019	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non-vested stock, beginning balance, Number of Shares	379,559	445,964
Granted, Number of Shares	194,192	143,121
Vested, Number of Shares	(161,615)	(181,194)
Forfeited, Number of Shares	(34,396)	(28,332)
Non-vested stock, ending balance, Number of Shares	377,740	379,559
Non-vested stock, beginning balance, Weighted Average Grant Date Fair Value	$ 25.87	$ 19.70
Granted, Weighted Average Grant Date Fair Value	30.20	37.10
Vested, Weighted Average Grant Date Fair Value	23.79	20.53
Forfeited, Weighted Average Grant Date Fair Value	22.90	19.61
Non-vested stock, ending balance, Weighted Average Grant Date Fair Value	$ 29.26	$ 25.87

Leases - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019
Leases [Abstract]
Net operating lease right-of-use assets			$ 156,570
Net finance lease right-of-use assets			365
Operating lease liabilities			159,265
Finance lease liabilities			$ 550
Weighted average remaining lease term for operating leases			10 years 4 months 24 days
Weighted average remaining lease term for finance leases			2 years 3 months 18 days
Weighted average discount rate for operating leases			6.80%
Weighted average discount rate for finance leases			5.90%
Rent expense	$ 23,100	$ 20,100
Future minimum operating lease payments 2019	21,800
Future minimum operating lease payments 2020	21,900
Future minimum operating lease payments 2021	21,200
Future minimum operating lease payments 2022	19,900
Future minimum operating lease payments 2023	17,100
Future minimum operating lease payments thereafter	86,400
Future minimum capital lease payments 2019	300
Future minimum capital lease payments 2020	300
Future minimum capital lease payments 2021	300
Future minimum capital lease interest payments	$ 100

Summarized Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

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, 2019 and 2018 (amounts in thousands, except per share amounts):

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2019:
Total revenues	$	313,638	$	333,597	$	352,997	$	348,133
Income from operations⁽¹⁾		35,675		47,673		55,503		41,310
Income before provision for income taxes⁽¹⁾		19,352		30,895		38,760		26,854
Net income⁽¹⁾		14,243		22,614		28,431		21,923
Basic net income per common share⁽²⁾	$	0.40	$	0.63	$	0.79	$	0.61
Diluted net income per common share⁽²⁾	$	0.40	$	0.63	$	0.79	$	0.61

	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⁽²⁾	$	0.27	$	0.58	$	0.60	$	0.70
Diluted net income per common share⁽²⁾	$	0.26	$	0.58	$	0.59	$	0.70

⁽¹⁾

During the quarter ended December 31, 2019, we recorded non-cash impairment charge totaling approximately $12.2 million, or $9.9 million after-tax, related to the impairment of goodwill. See note 2 to the consolidated financial statements for additional information.

⁽²⁾

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.

Summary of Significant Accounting Policies - Additional Information (Detail)		3 Months Ended	12 Months Ended
	Oct. 01, 2019 USD ($)	Dec. 31, 2019 USD ($) Manufacturer shares	Dec. 31, 2019 USD ($) Customer Segment Manufacturer Business shares	Dec. 31, 2018 USD ($) Customer	Dec. 31, 2017 USD ($) Customer	Jan. 01, 2019 USD ($)
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			0.50%	0.20%	0.40%
Payment terms			30 days
Salvage value		25.00%	25.00%
Impairment loss related to property and equipment			$ 0	$ 0	$ 0
Number of operating segments \| Segment			6
Impairment of goodwill		$ 12,200,000	$ 12,184,000
Amortization of intangible assets			$ 4,132,000	3,320,000	0
Lessee operating lease option to extend			Lease terms include options to extend the lease when it is reasonably certain those options will be exercised.
Lessee operating lease, existence of option to extend			true
Workers' compensation, general liability and automobile liability		5,900,000	$ 5,900,000	4,800,000
Health insurance reserves		$ 1,600,000	1,600,000	1,300,000
Advertising costs			$ 600,000	500,000	500,000
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		$ 6,400,000	$ 6,400,000
Expected non-vested stock recognized over a weighted-average period			2 years
Share compensation expense			$ 4,700,000	$ 4,200,000	$ 3,500,000
Number of reportable segment \| Segment			5
Number of principal activities \| Business			5
Adjustment to retained earnings		63,650,000	$ 63,650,000
Additional operating lease liabilities		159,265,000	159,265,000
Right-of-use operating lease assets, net		156,570,000	156,570,000
Finance lease liabilities recognized		550,000	550,000
Finance right-of-use lease assets		365,000	365,000
Adoption of Topic 842
Summary Of Significant Accounting Policy [Line Items]
Additional operating lease liabilities		162,800,000	162,800,000
Right-of-use operating lease assets, net		160,600,000	160,600,000
Finance lease liabilities recognized		800,000	800,000
Finance right-of-use lease assets		$ 500,000	$ 500,000
2016 Stock-Based Incentive Compensation Plan [Member]
Summary Of Significant Accounting Policy [Line Items]
Stock-Based incentive compensation plan \| shares		1,645,414	1,645,414
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	2025
SG&A Expenses [Member]
Summary Of Significant Accounting Policy [Line Items]
Amortization of intangible assets			$ 4,100,000	$ 3,300,000
Customer Relationships [Member]
Summary Of Significant Accounting Policy [Line Items]
Estimated useful lives of acquired intangible assets			10 years
Tradenames [Member]
Summary Of Significant Accounting Policy [Line Items]
Estimated useful lives of acquired intangible assets			1 year
Leasehold Interests [Member]
Summary Of Significant Accounting Policy [Line Items]
Estimated useful lives of acquired intangible assets			10 years
New Equipment Sales and Service Revenues [Member]
Summary Of Significant Accounting Policy [Line Items]
Impairment of goodwill			$ 12,200,000
New Equipment Sales [Member]
Summary Of Significant Accounting Policy [Line Items]
Impairment of goodwill	$ 10,700,000		10,700,000
Service Revenues [Member]
Summary Of Significant Accounting Policy [Line Items]
Impairment of goodwill	$ 1,500,000		$ 1,500,000
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
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]
Restricted common shares, percentage			1.00%	1.00%	1.00%
Maximum [Member] \| Adoption of Topic 842
Summary Of Significant Accounting Policy [Line Items]
Adjustment to retained earnings						$ 100,000
Maximum [Member] \| Customer Concentration Risk [Member] \| Revenues [Member]
Summary Of Significant Accounting Policy [Line Items]
Percentage of revenue/purchase			2.00%	2.00%	2.00%
Minimum [Member]
Summary Of Significant Accounting Policy [Line Items]
Reporting units, percentage of fair value that exceeded respective carrying value		24.00%	24.00%

Senior Unsecured Notes - Additional Information (Detail) - USD ($)				12 Months Ended
	Nov. 22, 2017	Sep. 25, 2017	Aug. 24, 2017	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Estimated offering expenses					$ 2,857,000	$ 3,000,000
One-time loss recorded on early extinguishment of debt				$ (25,363,000)
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%
One-time loss recorded on early extinguishment of debt			25,400,000
One-time loss recorded on early extinguishment of debt, after tax			18,900,000
Payment of tender premiums			12,800,000
Payment of premiums to redeem remaining outstanding old notes			10,500,000
Write-off of unamortized note discount			2,000,000.0
Transaction costs incurred			$ 1,600,000

Related Party Transactions

12 Months Ended

Dec. 31, 2019

Related Party Transactions

(16)	Related Party Transactions

Mr. John M. Engquist, who served as the Company’s Executive Chairman of the Board for the year ended December 31, 2019 and the Company’s Chief Executive Officer for the years ended December 31, 2018 and 2017, has a 48.0% ownership interest in Perkins-McKenzie Insurance Agency, Inc. (“Perkins-McKenzie”), an insurance brokerage firm. 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 $0.9 million, $0.8 million and $0.8 million for the years ended December 31, 2019, 2018 and 2017, 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, 2019, 2018 and 2017, our purchases totaled $0.3 million, $0.1 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.

Summary of Significant Accounting Policies - Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Level 3 [Member] \| Carrying Amount [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable with interest computed at 5.25% respectively (Level 3)	$ 25,201	$ 23,666
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)		726
Level 3 [Member] \| Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable with interest computed at 5.25% respectively (Level 3)	21,615	19,870
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)		330
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 1)	945,566	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 1)	$ 995,125	$ 871,625

Acquisitions - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Feb. 01, 2019	Dec. 31, 2018	Apr. 01, 2018	Jan. 01, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Goodwill	$ 131,442		$ 105,843			$ 31,197
We-Rent-It [Member]
Business Acquisition [Line Items]
Cash		$ 1,745
Accounts receivable		5,119
Inventory		731
Prepaid expenses and other assets		544
Rental equipment		51,747
Property and equipment		3,207
Other assets		21
Intangible assets		8,700
Total identifiable assets acquired		71,814
Accounts payable		(115)
Accrued expenses payable and other liabilities		(991)
Total liabilities assumed		(1,106)
Net identifiable assets acquired		70,708
Goodwill		37,783
Net assets acquired		$ 108,491
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				12 Months Ended
	Feb. 01, 2019 USD ($) ReportingUnit	Apr. 01, 2018 USD ($) ReportingUnit	Jan. 01, 2018 USD ($) ReportingUnit	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Business Acquisition [Line Items]
Goodwill				$ 131,442	$ 105,843	$ 31,197
We-Rent-It [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)	$ 8,700
Goodwill	$ 37,783
Number of goodwill reporting units \| ReportingUnit	6
We-Rent-It [Member] \| Rental Component 1 [Member]
Business Acquisition [Line Items]
Goodwill	$ 14,918
We-Rent-It [Member] \| Rental Component 2 [Member]
Business Acquisition [Line Items]
Goodwill	19,775
We-Rent-It [Member] \| Parts [Member]
Business Acquisition [Line Items]
Goodwill	2,045
We-Rent-It [Member] \| Service [Member]
Business Acquisition [Line Items]
Goodwill	291
We-Rent-It [Member] \| New Equipment [Member]
Business Acquisition [Line Items]
Goodwill	254
We-Rent-It [Member] \| Used Equipment [Member]
Business Acquisition [Line Items]
Goodwill	500
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] \| Parts [Member]
Business Acquisition [Line Items]
Goodwill			379
CEC [Member] \| Service [Member]
Business Acquisition [Line Items]
Goodwill			240
CEC [Member] \| New Equipment [Member]
Business Acquisition [Line Items]
Goodwill			217
CEC [Member] \| Used Equipment [Member]
Business Acquisition [Line Items]
Goodwill			632
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] \| Parts [Member]
Business Acquisition [Line Items]
Goodwill		2,171
Rental Inc [Member] \| Service [Member]
Business Acquisition [Line Items]
Goodwill		965
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
Customer Relationships [Member]
Business Acquisition [Line Items]
Life (years)				10 years
Customer Relationships [Member] \| We-Rent-It [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)	$ 8,500
Life (years)	10 years
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]
Business Acquisition [Line Items]
Life (years)				1 year
Tradenames [Member] \| We-Rent-It [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)	$ 200
Life (years)	1 year
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]
Business Acquisition [Line Items]
Life (years)				10 years
Leasehold Interests [Member] \| CEC [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)			$ 200
Life (years)			10 years

Summary of Significant Accounting Policies - Schedule of Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Beginning balance	$ 105,843	$ 31,197
Increases (Decreases)	(12,184)	74,646
Ending balance	131,442	105,843
CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	37,783
Equipment Rental Component 1 [Member]
Goodwill [Line Items]
Beginning balance	34,297
Increases (Decreases)		34,297
Ending balance	49,215	34,297
Equipment Rental Component 1 [Member] \| CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	14,918
Equipment Rental Component 2 [Member]
Goodwill [Line Items]
Beginning balance	42,536	18,700
Increases (Decreases)		23,836
Ending balance	62,311	42,536
Equipment Rental Component 2 [Member] \| CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	19,775
New Equipment Sales [Member]
Goodwill [Line Items]
Beginning balance	10,434
Increases (Decreases)	(10,688)	10,434
Ending balance		10,434
New Equipment Sales [Member] \| CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	254
Used Equipment Sales [Member]
Goodwill [Line Items]
Beginning balance	8,461	6,137
Increases (Decreases)		2,324
Ending balance	8,961	8,461
Used Equipment Sales [Member] \| CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	500
Parts Sales [Member]
Goodwill [Line Items]
Beginning balance	8,910	6,360
Increases (Decreases)		2,550
Ending balance	10,955	8,910
Parts Sales [Member] \| CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	2,045
Parts and Services [Member]
Goodwill [Line Items]
Beginning balance	1,205
Increases (Decreases)	(1,496)	1,205
Ending balance		$ 1,205
Parts and Services [Member] \| CEC and Rental Inc [Member]
Goodwill [Line Items]
Increases (Decreases)	$ 291

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property Plant And Equipment [Abstract]
Depreciation and amortization of property and equipment	$ 28.4	$ 24.6	$ 23.8

Leases - Summary of Undiscounted Cash Flows and Operating Lease Liabilities Recorded on Consolidated Balance Sheet (Detail) $ in Thousands	Dec. 31, 2019 USD ($)
Operating Leases
2020	$ 21,697
2021	21,672
2022	21,508
2023	21,506
2024	21,740
Thereafter	114,792
Total minimum lease payments	222,915
Less: amount of lease payments representing interest	(63,650)
Additional operating lease liabilities	159,265
Finance Leases
2020	270
2021	270
2022	45
Total minimum lease payments	585
Less: amount of lease payments representing interest	(35)
Finance lease liabilities recognized	$ 550

Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

(11)

Leases

We adopted Topic 842 on January 1, 2019. Because we adopted Topic 842 using the transition method that allowed us to initially apply Topic 842 as of January 1, 2019 and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption, prior year financial statements were not recast under the new standard and, therefore, those prior year amounts are not presented below.

When available, we use the rate implicit in the lease to discount lease payments to present value; however, most of our leases do not provide a readily determinable implicit rate. Therefore, we estimate our IBR to discount the lease payments based on information available at lease commencement. Our IBR represents a fully collateralized rate for a fully amortizing loan with the same term as the lease.

At December 31, 2019, as disclosed in our consolidated balance sheet, we had net operating lease right-of-use assets of $156.6 million and net finance lease right-of-use assets of $0.4 million. Our operating lease liabilities at December 31, 2019 were $159.3 million and finance lease liabilities were $0.6 million. The weighted average remaining lease term for operating leases was approximately 10.4 years and the weighted average remaining lease term for finance leases was approximately 2.3 years. The weighted average discount rate for operating and finance leases was approximately 6.8% and 5.9%, respectively.

The table below presents certain information related to lease costs, under Topic 842, for our operating and finance leases for the years ended December 31, (in thousands).

	Classification	Year Ended December 31, 2019
Operating lease cost	SG&A expenses	$	22,293
Finance lease costs
Amortization of leased assets	SG&A expenses		162
Interest on lease liabilities	Interest expense		39
Variable lease cost	SG&A expenses		523
Sublease income	Other income		(567	)
Total lease cost		$	22,450

Under Topic 840, rent expense under non-cancelable operating lease agreements for the years ended December 31, 2018 and 2017 amounted to approximately $23.1 million and $20.1 million, respectively.

The table below presents supplemental cash flow information related to leases for the year ended December 31, 2019 (in thousands).

	Year Ended December 31, 2019
Cash paid for amounts included in the measurements of lease liabilities:
Operating cash flows for operating leases	$	21,720
Operating cash flows for finance leases		39
Finance cash flows for finance leases		232

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on our consolidated balance sheet as of December 31, 2019 (in thousands).

	Operating Leases			Finance Leases
2020	$	21,697		$	270
2021		21,672			270
2022		21,508			45
2023		21,506			—
2024		21,740			—
Thereafter		114,792			—
Total minimum lease payments		222,915			585
Less: amount of lease payments representing interest		(63,650	)		(35	)
Present value of future minimum lease payments	$	159,265		$	550

Under Topic 840, future minimum operating lease payments existing at December 31, 2018 for the years ending December 31, 2019, 2020, 2021, 2022, 2023 and thereafter are $21.8 million, $21.9 million, $21.2 million, $19.9 million, $17.1 million and $86.4 million, respectively. Under Topic 840, future minimum capital lease payments existing at December 31, 2018 for the years ending December 31, 2019, 2020, 2021, and interest are $0.3 million, $0.3 million, $0.3 million, and $0.1 million, respectively.

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, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 348,133	$ 352,997	$ 333,597	$ 313,638	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 1,348,365	$ 1,238,961	$ 1,030,019
Income from operations	41,310	55,503	47,673	35,675	50,899	45,318	43,103	27,326	180,161	166,646	137,915
Income before provision for income taxes	26,854	38,760	30,895	19,352	34,755	28,971	27,869	13,068	115,861	104,663	59,344
Net income	$ 21,923	$ 28,431	$ 22,614	$ 14,243	$ 25,060	$ 21,314	$ 20,771	$ 9,478	$ 87,211	$ 76,623	$ 109,658
Basic net income per common share	$ 0.61	$ 0.79	$ 0.63	$ 0.40	$ 0.70	$ 0.60	$ 0.58	$ 0.27	$ 2.43	$ 2.15	$ 3.09
Diluted net income per common share	$ 0.61	$ 0.79	$ 0.63	$ 0.40	$ 0.70	$ 0.59	$ 0.58	$ 0.26	$ 2.42	$ 2.13	$ 3.07

- Definition

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

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- 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.

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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

Summary of Significant Accounting Policies - Schedule of Gross Carrying Values, Accumulated Amortization and Net Carrying Amounts of Major Classes of Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite Lived Intangible Assets [Line Items]
Gross	$ 39,900	$ 31,700
Accumulated amortization, intangible assets	6,952	3,320
Net	32,948	28,380
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Gross	39,500	31,000
Accumulated amortization, intangible assets	6,729	2,850
Net	32,771	28,150
Tradenames [Member]
Finite Lived Intangible Assets [Line Items]
Gross	200	500
Accumulated amortization, intangible assets	183	450
Net	17	50
Leasehold Interests [Member]
Finite Lived Intangible Assets [Line Items]
Gross	200	200
Accumulated amortization, intangible assets	40	20
Net	$ 160	$ 180

Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets:
Cash	$ 14,247	$ 16,677
Receivables, net	192,204	201,556
Inventories, net	85,478	104,598
Prepaid expenses and other assets	10,262	10,508
Rental equipment, net	1,217,673	1,141,498
Property and equipment, net	130,564	115,121
Operating lease right-of-use assets, net	156,570
Finance lease right-of-use assets, net	365
Deferred financing costs, net	2,857	3,000
Intangible assets, net	32,948	28,380
Goodwill	131,442	105,843	$ 31,197
Total assets	1,974,610	1,727,181
Liabilities and Stockholders’ Equity:
Amount due on senior secured credit facility	216,879	170,761
Accounts payable	58,853	101,840
Manufacturer flooring plans payable	25,201	23,666
Accrued expenses payable and other liabilities	78,382	73,371
Dividends payable	171	132
Senior unsecured notes, net	945,566	944,780
Operating lease right-of-use liabilities	159,265
Finance lease right-of-use liabilities	550
Capital leases payable		726
Deferred income taxes	180,126	153,113
Deferred compensation payable	2,098	1,989
Total liabilities	1,667,091	1,470,378
Stockholders’ equity	307,519	256,803	$ 216,793	$ 142,765
Total liabilities and stockholders’ equity	1,974,610	1,727,181
Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Assets:
Cash	14,247	16,677
Receivables, net	164,260	166,393
Inventories, net	81,945	94,483
Prepaid expenses and other assets	10,129	10,382
Rental equipment, net	1,062,154	983,281
Property and equipment, net	111,429	98,251
Operating lease right-of-use assets, net	137,625
Deferred financing costs, net	2,857	3,000
Investment in guarantor subsidiaries	235,749	246,309
Intangible assets, net	32,948	28,380
Goodwill	101,916	76,317
Total assets	1,955,259	1,723,473
Liabilities and Stockholders’ Equity:
Amount due on senior secured credit facility	216,879	170,761
Accounts payable	56,225	95,866
Manufacturer flooring plans payable	25,201	23,178
Accrued expenses payable and other liabilities	81,646	76,798
Dividends payable	231	185
Senior unsecured notes, net	945,566	944,780
Operating lease right-of-use liabilities	139,768
Deferred income taxes	180,126	153,113
Deferred compensation payable	2,098	1,989
Total liabilities	1,647,740	1,466,670
Stockholders’ equity	307,519	256,803
Total liabilities and stockholders’ equity	1,955,259	1,723,473
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Assets:
Receivables, net	27,944	35,163
Inventories, net	3,533	10,115
Prepaid expenses and other assets	133	126
Rental equipment, net	155,519	158,217
Property and equipment, net	19,135	16,870
Operating lease right-of-use assets, net	18,945
Finance lease right-of-use assets, net	365
Goodwill	29,526	29,526
Total assets	255,100	250,017
Liabilities and Stockholders’ Equity:
Accounts payable	2,628	5,974
Manufacturer flooring plans payable		488
Accrued expenses payable and other liabilities	(3,264)	(3,427)
Dividends payable	(60)	(53)
Operating lease right-of-use liabilities	19,497
Finance lease right-of-use liabilities	550
Capital leases payable		726
Total liabilities	19,351	3,708
Stockholders’ equity	235,749	246,309
Total liabilities and stockholders’ equity	255,100	250,017
Elimination [Member]
Assets:
Investment in guarantor subsidiaries	(235,749)	(246,309)
Total assets	(235,749)	(246,309)
Liabilities and Stockholders’ Equity:
Stockholders’ equity	(235,749)	(246,309)
Total liabilities and stockholders’ equity	$ (235,749)	$ (246,309)

Property and Equipment

12 Months Ended

Dec. 31, 2019

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):

	2019			2018
Land	$	7,597		$	7,597
Transportation equipment		130,099			106,011
Building and leasehold improvements		69,031			63,060
Office and computer equipment		53,597			51,758
Machinery and equipment		18,732			17,811
Property under capital leases		—			2,417
Construction in progress		8,290			9,129
		287,346			257,783
Less accumulated depreciation and amortization		(156,782	)		(142,662	)
Total net property and equipment	$	130,564		$	115,121

Total depreciation and amortization on property and equipment was $28.4 million, $24.6 million and $23.8 million for the years ended December 31, 2019, 2018 and 2017, respectively.

Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Statement of Income (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Revenues	$ 348,133	$ 352,997	$ 333,597	$ 313,638	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 1,348,365	$ 1,238,961	$ 1,030,019
Cost of revenues:
Cost of revenues									849,195	800,427	670,111
Gross profit (loss):
Gross profit									499,170	438,534	359,908
Selling, general and administrative expenses									311,026	278,298	232,784
Impairment of goodwill	12,200								12,184
Merger costs (net of merger breakup fee proceeds)									416	708	(5,782)
Gain from sales of property and equipment, net									4,617	7,118	5,009
Income from operations	41,310	55,503	47,673	35,675	50,899	45,318	43,103	27,326	180,161	166,646	137,915
Other income (expense):
Interest expense									(68,277)	(63,707)	(54,958)
Loss on early extinguishment of debt											(25,363)
Other, net									3,977	1,724	1,750
Total other expense, net									(64,300)	(61,983)	(78,571)
Income before provision (benefit) for income taxes	26,854	38,760	30,895	19,352	34,755	28,971	27,869	13,068	115,861	104,663	59,344
Provision (Benefit) for income taxes									28,650	28,040	(50,314)
Net income	$ 21,923	$ 28,431	$ 22,614	$ 14,243	$ 25,060	$ 21,314	$ 20,771	$ 9,478	87,211	76,623	109,658
Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									1,169,808	1,035,942	849,032
Cost of revenues:
Cost of revenues									738,901	665,252	554,253
Gross profit (loss):
Gross profit									430,907	370,690	294,779
Selling, general and administrative expenses									270,533	232,892	190,392
Impairment of goodwill									12,184
Equity in earnings of guarantor subsidiaries									15,441	13,247	16,136
Merger costs (net of merger breakup fee proceeds)									416	708	(5,782)
Gain from sales of property and equipment, net									3,957	6,475	2,435
Income from operations									167,172	156,812	128,740
Other income (expense):
Interest expense									(55,056)	(53,681)	(45,480)
Loss on early extinguishment of debt											(25,363)
Other, net									3,745	1,532	1,447
Total other expense, net									(51,311)	(52,149)	(69,396)
Income before provision (benefit) for income taxes									115,861	104,663	59,344
Provision (Benefit) for income taxes									28,650	28,040	(50,314)
Net income									87,211	76,623	109,658
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									178,557	203,019	180,987
Cost of revenues:
Cost of revenues									110,294	135,175	115,858
Gross profit (loss):
Gross profit									68,263	67,844	65,129
Selling, general and administrative expenses									40,493	45,406	42,392
Gain from sales of property and equipment, net									660	643	2,574
Income from operations									28,430	23,081	25,311
Other income (expense):
Interest expense									(13,221)	(10,026)	(9,478)
Other, net									232	192	303
Total other expense, net									(12,989)	(9,834)	(9,175)
Income before provision (benefit) for income taxes									15,441	13,247	16,136
Net income									15,441	13,247	16,136
Elimination [Member]
Gross profit (loss):
Equity in earnings of guarantor subsidiaries									(15,441)	(13,247)	(16,136)
Income from operations									(15,441)	(13,247)	(16,136)
Other income (expense):
Income before provision (benefit) for income taxes									(15,441)	(13,247)	(16,136)
Net income									(15,441)	(13,247)	(16,136)
Equipment Rentals [Member]
Revenues:
Revenues									766,354	627,181	508,121
Cost of revenues:
Cost of revenues									419,472	353,422	294,599
Gross profit (loss):
Gross profit									346,882	273,759	213,522
Equipment Rentals [Member] \| Rentals Other [Member]
Cost of revenues:
Cost of revenues									70,613	55,449	47,438
Equipment Rentals [Member] \| Rental Depreciation [Member]
Cost of revenues:
Cost of revenues									243,780	208,453	169,455
Equipment Rentals [Member] \| Rental Expense [Member]
Cost of revenues:
Cost of revenues									105,079	89,520	77,706
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									662,578	535,551	418,769
Cost of revenues:
Cost of revenues									361,280	300,897	243,315
Gross profit (loss):
Gross profit									301,298	234,654	175,454
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member] \| Rentals Other [Member]
Cost of revenues:
Cost of revenues									59,543	46,039	38,228
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									103,776	91,630	89,352
Cost of revenues:
Cost of revenues									58,192	52,525	51,284
Gross profit (loss):
Gross profit									45,584	39,105	38,068
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member] \| Rentals Other [Member]
Cost of revenues:
Cost of revenues									11,070	9,410	9,210
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| Rental Depreciation [Member] \| H & E Equipment Services [Member]
Cost of revenues:
Cost of revenues									211,252	178,371	140,489
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| Rental Depreciation [Member] \| Guarantor Subsidiaries [Member]
Cost of revenues:
Cost of revenues									32,528	30,082	28,966
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| Rental Expense [Member] \| H & E Equipment Services [Member]
Cost of revenues:
Cost of revenues									90,485	76,487	64,598
Equipment Rentals [Member] \| Reportable Legal Entities [Member] \| Rental Expense [Member] \| Guarantor Subsidiaries [Member]
Cost of revenues:
Cost of revenues									14,594	13,033	13,108
New Equipment Sales [Member]
Revenues:
Revenues									239,091	262,948	203,301
Cost of revenues:
Cost of revenues									211,372	232,057	180,702
Gross profit (loss):
Gross profit									27,719	30,891	22,599
New Equipment Sales [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									213,877	207,564	166,730
Cost of revenues:
Cost of revenues									189,045	183,164	148,163
Gross profit (loss):
Gross profit									24,832	24,400	18,567
New Equipment Sales [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									25,214	55,384	36,571
Cost of revenues:
Cost of revenues									22,327	48,893	32,539
Gross profit (loss):
Gross profit									2,887	6,491	4,032
Used Equipment Sales [Member]
Revenues:
Revenues									139,349	125,125	107,329
Cost of revenues:
Cost of revenues									92,021	86,052	74,132
Gross profit (loss):
Gross profit									47,328	39,073	33,197
Used Equipment Sales [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									118,504	102,005	84,741
Cost of revenues:
Cost of revenues									78,703	69,960	59,481
Gross profit (loss):
Gross profit									39,801	32,045	25,260
Used Equipment Sales [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									20,845	23,120	22,588
Cost of revenues:
Cost of revenues									13,318	16,092	14,651
Gross profit (loss):
Gross profit									7,527	7,028	7,937
Parts Sales [Member]
Revenues:
Revenues									123,855	120,454	114,253
Cost of revenues:
Cost of revenues									90,963	88,263	83,135
Gross profit (loss):
Gross profit									32,892	32,191	31,118
Parts Sales [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									107,160	103,586	97,852
Cost of revenues:
Cost of revenues									79,196	76,425	71,603
Gross profit (loss):
Gross profit									27,964	27,161	26,249
Parts Sales [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									16,695	16,868	16,401
Cost of revenues:
Cost of revenues									11,767	11,838	11,532
Gross profit (loss):
Gross profit									4,928	5,030	4,869
Services Revenues [Member]
Revenues:
Revenues									67,941	63,488	62,873
Cost of revenues:
Cost of revenues									21,946	21,328	21,111
Gross profit (loss):
Gross profit									45,995	42,160	41,762
Services Revenues [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									57,835	53,534	52,807
Cost of revenues:
Cost of revenues									18,870	18,100	17,851
Gross profit (loss):
Gross profit									38,965	35,434	34,956
Services Revenues [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									10,106	9,954	10,066
Cost of revenues:
Cost of revenues									3,076	3,228	3,260
Gross profit (loss):
Gross profit									7,030	6,726	6,806
Other [Member]
Revenues:
Revenues									11,775	39,765	34,142
Other [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Revenues:
Revenues									9,854	33,702	28,133
Other [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Revenues:
Revenues									1,921	6,063	6,009
Other [Member]
Cost of revenues:
Cost of revenues									13,421	19,305	16,432
Other [Member] \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Cost of revenues:
Cost of revenues									11,807	16,706	13,840
Other [Member] \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Cost of revenues:
Cost of revenues									1,614	2,599	2,592
Other Gross Profit
Gross profit (loss):
Gross profit									(1,646)	20,460	17,710
Other Gross Profit \| Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Gross profit (loss):
Gross profit									(1,953)	16,996	14,293
Other Gross Profit \| Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Gross profit (loss):
Gross profit									$ 307	$ 3,464	$ 3,417

Deferred Compensation Plans - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($) CompensationPlan	Dec. 31, 2018 USD ($)
Postemployment Benefits [Abstract]
Number of deferred compensation plan \| CompensationPlan	1
Effective rate	5.50%
Aggregate deferred compensation payable	$ 2,098	$ 1,989
Accrued interest	$ 1,600	$ 1,500

Employee Benefit Plan

12 Months Ended

Dec. 31, 2019

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, 2019, 2018 and 2017, we contributed to the plan, net of employee forfeitures, $5.5 million, $2.5 million and $2.2 million, respectively.

Manufacturer Flooring Plans Payable

12 Months Ended

Dec. 31, 2019

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 (4.75% at December 31, 2019) plus an applicable margin at December 31, 2019. 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, 2019 for the following years ending December 31 until paid are as follows (amounts in thousands):

2020	$	11,658
2021		13,369
2022		174
Total	$	25,201

Income Taxes - Actual Income Tax Expense (benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Computed tax at statutory rates	$ 24,331	$ 21,979	$ 20,770
Permanent items - other	1,065	1,021	911
Permanent items - excess of tax deductible goodwill			(2,130)
State income tax, net of federal tax effect	6,944	5,246	2,563
Change in valuation allowance	(609)	(123)	397
Change in uncertain tax positions		(83)	(5,960)
Other - change in deferred state rate	(3,081)
Impact of the Act federal rate change			(66,865)
Total	$ 28,650	$ 28,040	$ (50,314)

Acquisitions - Additional Information (Detail) $ in Thousands	Feb. 01, 2019 USD ($) Branch	Apr. 01, 2018 USD ($) Branch	Jan. 01, 2018 USD ($) Branch	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Business Acquisition [Line Items]
Goodwill				$ 131,442	$ 105,843	$ 31,197
We-Rent-It [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
Percentage of goodwill deductible for income tax purposes	100.00%
Acquisition costs	$ 400
Goodwill	$ 37,783
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
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
Goodwill		29,554
Rental Inc [Member] \| Purchase Agreement [Member]
Business Acquisition [Line Items]
Accrued purchase price consideration included in goodwill		$ 3,400

Summarized Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019 and 2018 (amounts in thousands, except per share amounts):

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2019:
Total revenues	$	313,638	$	333,597	$	352,997	$	348,133
Income from operations⁽¹⁾		35,675		47,673		55,503		41,310
Income before provision for income taxes⁽¹⁾		19,352		30,895		38,760		26,854
Net income⁽¹⁾		14,243		22,614		28,431		21,923
Basic net income per common share⁽²⁾	$	0.40	$	0.63	$	0.79	$	0.61
Diluted net income per common share⁽²⁾	$	0.40	$	0.63	$	0.79	$	0.61

	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⁽²⁾	$	0.27	$	0.58	$	0.60	$	0.70
Diluted net income per common share⁽²⁾	$	0.26	$	0.58	$	0.59	$	0.70

⁽¹⁾

⁽²⁾

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.

Manufacturer Flooring Plans Payable (Tables)

12 Months Ended

Dec. 31, 2019

Text Block [Abstract]

Maturities of Manufacturer Flooring Plans Payable

2020	$	11,658
2021		13,369
2022		174
Total	$	25,201

Summarized Quarterly Financial Data (Unaudited) - Summary of Unaudited Quarterly Financial Results of Operations (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
non-cash impairment charge related to impairment of goodwill	$ 12,200	$ 12,184
non-cash impairment charge after-tax, related to impairment of goodwill	$ 9,900

Consolidating Financial Information of Guarantor Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

	As of December 31, 2019
	H&E Equipment Services		Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Assets:
Cash	$	14,247	$	—		$	—		$	14,247
Receivables, net		164,260		27,944			—			192,204
Inventories, net		81,945		3,533			—			85,478
Prepaid expenses and other assets		10,129		133			—			10,262
Rental equipment, net		1,062,154		155,519			—			1,217,673
Property and equipment, net		111,429		19,135			—			130,564
Operating lease right-of-use assets, net		137,625		18,945			—			156,570
Finance lease right-of-use assets, net		—		365			—			365
Deferred financing costs, net		2,857		—			—			2,857
Investment in guarantor subsidiaries		235,749		—			(235,749	)		—
Intangible assets, net		32,948		—			—			32,948
Goodwill		101,916		29,526			—			131,442
Total assets	$	1,955,259	$	255,100		$	(235,749	)	$	1,974,610
Liabilities and Stockholders’ Equity:
Amount due on senior secured credit facility		216,879	$	—		$	—		$	216,879
Accounts payable		56,225		2,628			—			58,853
Manufacturer flooring plans payable		25,201		—			—			25,201
Accrued expenses payable and other liabilities		81,646		(3,264	)		—			78,382
Dividends payable		231		(60	)		—			171
Senior unsecured notes, net		945,566		—			—			945,566
Operating lease right-of-use liabilities		139,768		19,497			—			159,265
Finance lease right-of-use liabilities		—		550			—			550
Deferred income taxes		180,126		—			—			180,126
Deferred compensation payable		2,098		—			—			2,098
Total liabilities		1,647,740		19,351			—			1,667,091
Stockholders’ equity		307,519		235,749			(235,749	)		307,519
Total liabilities and stockholders’ equity	$	1,955,259	$	255,100		$	(235,749	)	$	1,974,610

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, net		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 Statement of Income

CONDENSED CONSOLIDATING STATEMENT OF INCOME

	Year Ended December 31, 2019
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Revenues:
Equipment rentals	$	662,578		$	103,776		$	—		$	766,354
New equipment sales		213,877			25,214			—			239,091
Used equipment sales		118,504			20,845			—			139,349
Parts sales		107,160			16,695			—			123,855
Services revenues		57,835			10,106			—			67,941
Other		9,854			1,921			—			11,775
Total revenues		1,169,808			178,557			—			1,348,365
Cost of revenues:
Rental depreciation		211,252			32,528			—			243,780
Rental expense		90,485			14,594			—			105,079
Rental other		59,543			11,070			—			70,613
		361,280			58,192			—			419,472
New equipment sales		189,045			22,327			—			211,372
Used equipment sales		78,703			13,318			—			92,021
Parts sales		79,196			11,767			—			90,963
Services revenues		18,870			3,076			—			21,946
Other		11,807			1,614			—			13,421
Total cost of revenues		738,901			110,294			—			849,195
Gross profit (loss):
Equipment rentals		301,298			45,584			—			346,882
New equipment sales		24,832			2,887			—			27,719
Used equipment sales		39,801			7,527			—			47,328
Parts sales		27,964			4,928			—			32,892
Services revenues		38,965			7,030			—			45,995
Other		(1,953	)		307			—			(1,646	)
Gross profit		430,907			68,263			—			499,170
Selling, general and administrative expenses		270,533			40,493			—			311,026
Impairment of goodwill		12,184			—			—			12,184
Equity in earnings of guarantor subsidiaries		15,441			—			(15,441	)		—
Merger costs		416			—			—			416
Gain from sales of property and equipment, net		3,957			660			—			4,617
Income from operations		167,172			28,430			(15,441	)		180,161
Other income (expense):
Interest expense		(55,056	)		(13,221	)		—			(68,277	)
Other, net		3,745			232			—			3,977
Total other expense, net		(51,311	)		(12,989	)		—			(64,300	)
Income before provision for income taxes		115,861			15,441			(15,441	)		115,861
Provision for income taxes		28,650			—			—			28,650
Net income	$	87,211		$	15,441		$	(15,441	)	$	87,211

CONDENSED CONSOLIDATING STATEMENT OF INCOME

	Year Ended December 31, 2018
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Revenues:
Equipment rentals	$	535,551		$	91,630		$	—		$	627,181
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		33,702			6,063			—			39,765
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
Rental other		46,039			9,410			—			55,449
		300,897			52,525			—			353,422
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		16,706			2,599			—			19,305
Total cost of revenues		665,252			135,175			—			800,427
Gross profit (loss):
Equipment rentals		234,654			39,105			—			273,759
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		16,996			3,464			—			20,460
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	$	418,769		$	89,352		$	—		$	508,121
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		28,133			6,009			—			34,142
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
Rental other		38,228			9,210			—			47,438
		243,315			51,284			—			294,599
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		13,840			2,592			—			16,432
Total cost of revenues		554,253			115,858			—			670,111
Gross profit (loss):
Equipment rentals		175,454			38,068			—			213,522
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		14,293			3,417			—			17,710
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 Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

	Year Ended December 31, 2019
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Cash flows from operating activities:
Net income	$	87,211		$	15,441		$	(15,441	)	$	87,211
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		25,058			3,367			—			28,425
Depreciation on rental equipment		211,252			32,528			—			243,780
Amortization of intangible assets		4,132			—			—			4,132
Amortization of deferred financing costs		1,010			—			—			1,010
Accretion of note discount, net of premium amortization		477			—			—			477
Non-cash operating lease expense		10,306			1,374			—			11,680
Amortization of finance lease right-of-use assets		—			163			—			163
Provision for losses on accounts receivable		5,382			411			—			5,793
Provision for inventory obsolescence		152			—			—			152
Deferred income taxes		27,013			—			—			27,013
Impairment of goodwill		12,184			—			—			12,184
Stock-based compensation expense		4,670			—			—			4,670
Gain from sales of property and equipment, net		(3,957	)		(660	)		—			(4,617	)
Gain from sales of rental equipment, net		(39,102	)		(7,511	)		—			(46,613	)
Equity in earnings of guarantor subsidiaries		(15,441	)		—			15,441			—
Changes in operating assets and liabilities, net of acquisitions:
Receivables		2,414			6,808			—			9,222
Inventories		(21,121	)		1,484			—			(19,637	)
Prepaid expenses and other assets		274			(7	)		—			267
Accounts payable		(40,012	)		(3,346	)		—			(43,358	)
Manufacturer flooring plans payable		2,023			(488	)		—			1,535
Accrued expenses payable and other liabilities		(3,597	)		(783	)		—			(4,380	)
Deferred compensation payable		109			—			—			109
Net cash provided by operating activities		270,437			48,781			—			319,218
Cash flows from investing activities:
Acquisition of business, net of cash acquired		(106,746	)		—			—			(106,746	)
Purchases of property and equipment		(36,824	)		(6,287	)		—			(43,111	)
Purchases of rental equipment		(272,015	)		(37,639	)		—			(309,654	)
Proceeds from sales of property and equipment		5,276			774			—			6,050
Proceeds from sales of rental equipment		107,127			20,431			—			127,558
Investment in subsidiaries		26,001			—			(26,001	)		—
Net cash used in investing activities		(277,181	)		(22,721	)		(26,001	)		(325,903	)
Cash flows from financing activities:
Purchases of treasury stock		(1,684	)		—			—			(1,684	)
Borrowings on senior secured credit facility		1,457,744			—			—			1,457,744
Payments on senior secured credit facility		(1,411,626	)		—			—			(1,411,626	)
Dividends paid		(39,381	)		(7	)		—			(39,388	)
Payments of deferred financing costs		(559	)		—			—			(559	)
Payments of finance lease obligations		(56	)		(176	)		—			(232	)
Capital contributions		—			(26,001	)		26,001			—
Net cash provided by (used in) financing activities		4,438			(26,184	)		26,001			4,255
Net decrease in cash		(2,306	)		(124	)		—			(2,430	)
Cash, beginning of year		16,677			—			—			16,677
Cash, end of year	$	14,371		$	(124	)	$	—		$	14,247

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
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
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

Document and Entity Information - USD ($)

12 Months Ended

Dec. 31, 2019

Feb. 18, 2020

Jun. 28, 2019

Cover [Abstract]

Document Type

10-K

Amendment Flag

false

Document Period End Date

Dec. 31, 2019

Document Fiscal Year Focus

2019

Document Fiscal Period Focus

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 Voluntary Filers

Entity Current Reporting Status

Yes

Entity Interactive Data Current

Yes

Entity Filer Category

Large Accelerated Filer

Entity Small Business

false

Entity Emerging Growth Company

false

Entity Shell Company

false

Entity Common Stock, Shares Outstanding

35,870,082

Entity Public Float

$ 1,040,727,942

Entity File Number

000-51759

Entity Tax Identification Number

81-0553291

Entity Address, Address Line One

7500 Pecue Lane

Entity Address, City or Town

Baton Rouge

Entity Address, State or Province

Entity Address, Postal Zip Code

70809

City Area Code

225

Local Phone Number

298-5200

Document Annual Report

true

Document Transition Report

false

Security Exchange Name

NASDAQ

Title of 12(b) Security

Common Stock, par value $0.01 per share

Entity Incorporation, State or Country Code

Documents Incorporated by Reference

Portions of the document listed below have been incorporated by reference into the indicated parts of this Form 10-K, as specified in the responses to the item numbers involved.

Part III

The registrant’s definitive proxy statement, for use in connection with the Annual Meeting of Stockholders, to be filed within 120 days after the registrant’s fiscal year ended December 31, 2019.

Receivables (Tables)

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Summary of Receivables

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

	2019			2018
Trade receivables	$	186,472		$	194,601
Unbilled rental revenue		9,529			8,833
Income tax receivables		1,405			2,181
Other		34			35
		197,440			205,650
Less allowance for doubtful accounts		(5,236	)		(4,094	)
Total receivables, net	$	192,204		$	201,556

Commitments and Contingencies

12 Months Ended

Dec. 31, 2019

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

(13)	Commitments and Contingencies

Legal Matters

As further discussed in Note 2 to these consolidated financial statements, we are exposed to various claims relating to our business, including those for which we retain portions of the losses through the application of deductibles and self-insured retentions, or self-insurance. Losses that exceed our deductibles and self-insured retentions are insured through various commercial lines of insurance policies. As of February 20, 2020, we are aware of a contingent liability related to an automobile liability claim for which we have determined that an unfavorable outcome is probable. Based on the information currently available to us, we cannot predict the timing of the claim’s ultimate resolution or reasonably estimate the amount or a range of potential losses that will arise from the claim. The ultimate loss on the insured claim could be material. Pursuant to ASC 450, Contingencies, and other relevant guidance, when the contingency become both probable and estimable, our consolidated balance sheets will reflect a liability for the total amount of estimated claim and an asset for the portion of the claim recoverable through insurance. This gross-up presentation could be material to our consolidated balance sheets. Our loss exposure, however, is limited to our insurance policy deductible, which is immaterial to our consolidated statements of income.

We are also involved in various other 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, 2019 and 2018, respectively. The letters of credit expire in May 2020 and are expected to be renewed for similar one-year terms.

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

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivables	$ 5,236	$ 4,094
Reserves for obsolescence inventories	331	368
Accumulated depreciation, rental equipment	676,376	582,520
Accumulated depreciation and amortization, property and equipment	156,782	142,662
Accumulated amortization, operating lease right-of-use assets	11,197
Accumulated amortization, financing lease right-of-use assets	2,051
Accumulated amortization, deferred financing costs	14,419	13,717
Accumulated amortization, intangible assets	6,952	3,320
Unaccreted discount, net	2,691	3,168
Deferred financing costs	$ 1,743	$ 2,052
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	39,921,838	39,748,562
Common stock, shares outstanding	35,848,089	35,733,569
Treasury stock, shares	4,073,749	4,014,993

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 87,211,000	$ 76,623,000	$ 109,658,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	28,425,000	24,593,000	23,790,000
Depreciation of rental equipment	243,780,000	208,453,000	169,455,000
Amortization of intangible assets	4,132,000	3,320,000	0
Amortization of deferred financing costs	1,010,000	1,083,000	1,046,000
Accretion of note discount, net of premium amortization	477,000	477,000	274,000
Non-cash operating lease expense	11,680,000
Amortization of finance lease right-of-use assets	163,000
Provision for losses on accounts receivable	5,793,000	2,741,000	3,932,000
Provision for inventory obsolescence	152,000	122,000	161,000
Deferred income taxes	27,013,000	26,695,000	(50,535,000)
Stock-based compensation expense	4,670,000	4,214,000	3,526,000
Impairment of goodwill	12,184,000
Loss on early extinguishment of debt			25,363,000
Gain from sales of property and equipment, net	(4,617,000)	(7,118,000)	(5,009,000)
Gain from sales of rental equipment, net	(46,613,000)	(38,352,000)	(31,882,000)
Changes in operating assets and liabilities, net of acquisitions:
Receivables	9,222,000	(17,761,000)	(40,012,000)
Inventories	(19,637,000)	(48,230,000)	(31,771,000)
Prepaid expenses and other assets	267,000	(965,000)	(1,659,000)
Accounts payable	(43,358,000)	6,994,000	50,349,000
Manufacturer flooring plans payable	1,535,000	1,664,000	(8,778,000)
Accrued expenses payable and other liabilities	(4,380,000)	2,572,000	8,230,000
Deferred compensation payable	109,000	86,000	61,000
Net cash provided by operating activities	319,218,000	247,211,000	226,199,000
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired	(106,746,000)	(196,027,000)
Purchases of property and equipment	(43,111,000)	(34,960,000)	(22,515,000)
Purchases of rental equipment	(309,654,000)	(416,600,000)	(234,209,000)
Proceeds from sales of property and equipment	6,050,000	9,261,000	7,506,000
Proceeds from sales of rental equipment	127,558,000	112,086,000	96,143,000
Net cash used in investing activities	(325,903,000)	(526,240,000)	(153,075,000)
Cash flows from financing activities:
Purchases of treasury stock	(1,684,000)	(1,350,000)	(783,000)
Borrowings on senior secured credit facility	1,457,744,000	1,436,849,000	1,193,544,000
Payments on senior secured credit facility	(1,411,626,000)	(1,266,088,000)	(1,356,186,000)
Principal payments on senior unsecured notes due 2022			(630,000,000)
Costs paid to tender and redeem senior unsecured notes due 2022			(23,336,000)
Proceeds from issuance of senior unsecured notes due 2025			958,500,000
Payments of deferred financing costs	(559,000)	(97,000)	(17,278,000)
Dividends paid	(39,388,000)	(39,274,000)	(39,172,000)
Payments of finance lease obligations	(232,000)
Payments of capital lease obligations		(212,000)	(218,000)
Net cash provided by financing activities	4,255,000	129,828,000	85,071,000
Net increase (decrease) in cash	(2,430,000)	(149,201,000)	158,195,000
Cash, beginning of year	16,677,000	165,878,000	7,683,000
Cash, end of year	14,247,000	16,677,000	165,878,000
Supplemental schedule of non-cash investing and financing activities:
Accrued acquisition purchase price consideration	3,432,000	3,432,000
Non-cash asset purchases:
Assets transferred from new and used inventory to rental fleet	39,478,000	24,341,000	10,515,000
Purchases of property and equipment included in accrued expenses payable and other liabilities	468,000	(473,000)	(23,000)
Operating lease right-of-use assets and lease liabilities recorded upon adoption of ASC 842	162,814,000
Finance lease right-of-use assets and lease liabilities recorded upon adoption of ASC 842	782,000
Operating lease assets obtained in exchange for new operating lease liabilities	7,094,000
Cash paid during the year for:
Interest	66,608,000	62,424,000	49,546,000
Income taxes paid (refunds received), net	$ 996,000	$ 2,366,000	$ 478,000

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Tax Provision (Benefit)

Our income tax provision (benefit) for the years ended December 31, 2019, 2018 and 2017, consists of the following (amounts in thousands):

	Current			Deferred			Total
Year ended December 31, 2019:
U.S. Federal	$	(761	)	$	25,134		$	24,373
State		2,398			1,879			4,277
	$	1,637		$	27,013		$	28,650
Year ended December 31, 2018:
U.S. Federal	$	(1,523	)	$	23,127		$	21,604
State		2,868			3,568			6,436
	$	1,345		$	26,695		$	28,040
Year ended December 31, 2017:
U.S. Federal	$	—		$	(54,241	)	$	(54,241	)
State		221			3,706			3,927
	$	221		$	(50,535	)	$	(50,314	)

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):

	2019			2018
Deferred tax assets:
Accounts receivable	$	1,283		$	1,010
Inventories		83			93
Net operating losses		101,212			86,859
AMT and tax credits		1,334			2,110
Sec 263A costs		608			752
Accrued liabilities		2,970			2,869
Deferred compensation		1,499			1,561
Accrued interest		410			387
Stock-based compensation		247			146
Goodwill and intangible assets		711			346
Other assets		597			415
		110,954			96,548
Valuation allowance		—			(609	)
		110,954			95,939
Deferred tax liabilities:
Property and equipment		(287,654	)		(245,198	)
Investments		(1,072	)		(1,076	)
Goodwill and intangible assets		(2,354	)		(2,778	)
		(291,080	)		(249,052	)
Net deferred tax liabilities	$	(180,126	)	$	(153,113	)

Actual Income Tax Expense (Benefit)

The reconciliation between income taxes computed using the statutory federal income tax rate (21% for the years ended December 31, 2019 and 2018 and 35% for the year ended December 31, 2017) to the actual income tax expense (benefit) is below (amounts in thousands):

	2019			2018			2017
Computed tax at statutory rates	$	24,331		$	21,979		$	20,770
Permanent items - other		1,065			1,021			911
Permanent items - excess of tax deductible goodwill		—			—			(2,130	)
State income tax, net of federal tax effect		6,944			5,246			2,563
Change in valuation allowance		(609	)		(123	)		397
Change in uncertain tax positions		—			(83	)		(5,960	)
Other - change in deferred state rate		(3,081	)		—			—
Impact of the Act federal rate change		—			—			(66,865	)
	$	28,650		$	28,040		$	(50,314	)

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):

	2019		2018
Gross unrecognized tax benefits at January 1	$	—	$	106
Increases in tax positions taken in prior years		—		—
Decreases in tax positions taken in prior years		—		(106	)
Lapse in statute of limitations		—		—
Gross unrecognized tax benefits at December 31	$	—	$	—

Segment Information

12 Months Ended

Dec. 31, 2019

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 revenue streams and 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,
	2019			2018		2017
Segment Revenues:
Equipment rentals	$	766,354		$	627,181	$	508,121
New equipment sales		239,091			262,948		203,301
Used equipment sales		139,349			125,125		107,329
Parts sales		123,855			120,454		114,253
Services revenues		67,941			63,488		62,873
Total segmented revenues		1,336,590			1,199,196		995,877
Non-Segmented revenues		11,775			39,765		34,142
Total revenues	$	1,348,365		$	1,238,961	$	1,030,019
Segment Gross Profit:
Equipment rentals	$	346,882		$	273,759	$	213,522
New equipment sales		27,719			30,891		22,599
Used equipment sales		47,328			39,073		33,197
Parts sales		32,892			32,191		31,118
Services revenues		45,995			42,160		41,762
Total gross profit from segmented revenues		500,816			418,074		342,198
Non-Segmented gross profit (loss)		(1,646	)		20,460		17,710
Total gross profit	$	499,170		$	438,534	$	359,908

	December 31,
	2019		2018
Segment identified assets:
Equipment sales	$	67,542	$	86,583
Equipment rentals		1,217,673		1,141,498
Parts and service		17,936		18,015
Total segment identified assets		1,303,151		1,246,096
Non-Segmented identified assets		671,459		481,085
Total assets	$	1,974,610	$	1,727,181

The Company operates primarily in the United States and our sales to international customers for the years ended December 31, 2019, 2018 and 2017 were 0.2%, 0.1% 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.

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2019

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):

	2019			2018
Land	$	7,597		$	7,597
Transportation equipment		130,099			106,011
Building and leasehold improvements		69,031			63,060
Office and computer equipment		53,597			51,758
Machinery and equipment		18,732			17,811
Property under capital leases		—			2,417
Construction in progress		8,290			9,129
		287,346			257,783
Less accumulated depreciation and amortization		(156,782	)		(142,662	)
Total net property and equipment	$	130,564		$	115,121

Senior Secured Credit Facility

12 Months Ended

Dec. 31, 2019

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, 2019, we had $216.9 million in borrowings outstanding under the Credit Facility and could borrow up to $525.4 million and remain in compliance with the debt covenants under the Company’s credit facility. At February 18, 2020, we had $559.4 million of available borrowings under our Credit Facility, net of a $7.7 million outstanding letter of credit.

Consolidating Financial Information of Guarantor Subsidiaries

12 Months Ended

Dec. 31, 2019

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, 2019
	H&E Equipment Services		Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Assets:
Cash	$	14,247	$	—		$	—		$	14,247
Receivables, net		164,260		27,944			—			192,204
Inventories, net		81,945		3,533			—			85,478
Prepaid expenses and other assets		10,129		133			—			10,262
Rental equipment, net		1,062,154		155,519			—			1,217,673
Property and equipment, net		111,429		19,135			—			130,564
Operating lease right-of-use assets, net		137,625		18,945			—			156,570
Finance lease right-of-use assets, net		—		365			—			365
Deferred financing costs, net		2,857		—			—			2,857
Investment in guarantor subsidiaries		235,749		—			(235,749	)		—
Intangible assets, net		32,948		—			—			32,948
Goodwill		101,916		29,526			—			131,442
Total assets	$	1,955,259	$	255,100		$	(235,749	)	$	1,974,610
Liabilities and Stockholders’ Equity:
Amount due on senior secured credit facility		216,879	$	—		$	—		$	216,879
Accounts payable		56,225		2,628			—			58,853
Manufacturer flooring plans payable		25,201		—			—			25,201
Accrued expenses payable and other liabilities		81,646		(3,264	)		—			78,382
Dividends payable		231		(60	)		—			171
Senior unsecured notes, net		945,566		—			—			945,566
Operating lease right-of-use liabilities		139,768		19,497			—			159,265
Finance lease right-of-use liabilities		—		550			—			550
Deferred income taxes		180,126		—			—			180,126
Deferred compensation payable		2,098		—			—			2,098
Total liabilities		1,647,740		19,351			—			1,667,091
Stockholders’ equity		307,519		235,749			(235,749	)		307,519
Total liabilities and stockholders’ equity	$	1,955,259	$	255,100		$	(235,749	)	$	1,974,610

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, net		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 STATEMENT OF INCOME

	Year Ended December 31, 2019
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Revenues:
Equipment rentals	$	662,578		$	103,776		$	—		$	766,354
New equipment sales		213,877			25,214			—			239,091
Used equipment sales		118,504			20,845			—			139,349
Parts sales		107,160			16,695			—			123,855
Services revenues		57,835			10,106			—			67,941
Other		9,854			1,921			—			11,775
Total revenues		1,169,808			178,557			—			1,348,365
Cost of revenues:
Rental depreciation		211,252			32,528			—			243,780
Rental expense		90,485			14,594			—			105,079
Rental other		59,543			11,070			—			70,613
		361,280			58,192			—			419,472
New equipment sales		189,045			22,327			—			211,372
Used equipment sales		78,703			13,318			—			92,021
Parts sales		79,196			11,767			—			90,963
Services revenues		18,870			3,076			—			21,946
Other		11,807			1,614			—			13,421
Total cost of revenues		738,901			110,294			—			849,195
Gross profit (loss):
Equipment rentals		301,298			45,584			—			346,882
New equipment sales		24,832			2,887			—			27,719
Used equipment sales		39,801			7,527			—			47,328
Parts sales		27,964			4,928			—			32,892
Services revenues		38,965			7,030			—			45,995
Other		(1,953	)		307			—			(1,646	)
Gross profit		430,907			68,263			—			499,170
Selling, general and administrative expenses		270,533			40,493			—			311,026
Impairment of goodwill		12,184			—			—			12,184
Equity in earnings of guarantor subsidiaries		15,441			—			(15,441	)		—
Merger costs		416			—			—			416
Gain from sales of property and equipment, net		3,957			660			—			4,617
Income from operations		167,172			28,430			(15,441	)		180,161
Other income (expense):
Interest expense		(55,056	)		(13,221	)		—			(68,277	)
Other, net		3,745			232			—			3,977
Total other expense, net		(51,311	)		(12,989	)		—			(64,300	)
Income before provision for income taxes		115,861			15,441			(15,441	)		115,861
Provision for income taxes		28,650			—			—			28,650
Net income	$	87,211		$	15,441		$	(15,441	)	$	87,211

CONDENSED CONSOLIDATING STATEMENT OF INCOME

	Year Ended December 31, 2018
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Revenues:
Equipment rentals	$	535,551		$	91,630		$	—		$	627,181
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		33,702			6,063			—			39,765
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
Rental other		46,039			9,410			—			55,449
		300,897			52,525			—			353,422
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		16,706			2,599			—			19,305
Total cost of revenues		665,252			135,175			—			800,427
Gross profit (loss):
Equipment rentals		234,654			39,105			—			273,759
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		16,996			3,464			—			20,460
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	$	418,769		$	89,352		$	—		$	508,121
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		28,133			6,009			—			34,142
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
Rental other		38,228			9,210			—			47,438
		243,315			51,284			—			294,599
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		13,840			2,592			—			16,432
Total cost of revenues		554,253			115,858			—			670,111
Gross profit (loss):
Equipment rentals		175,454			38,068			—			213,522
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		14,293			3,417			—			17,710
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 CASH FLOWS

	Year Ended December 31, 2019
	H&E Equipment Services			Guarantor Subsidiaries			Elimination			Consolidated
	(Amounts in thousands)
Cash flows from operating activities:
Net income	$	87,211		$	15,441		$	(15,441	)	$	87,211
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		25,058			3,367			—			28,425
Depreciation on rental equipment		211,252			32,528			—			243,780
Amortization of intangible assets		4,132			—			—			4,132
Amortization of deferred financing costs		1,010			—			—			1,010
Accretion of note discount, net of premium amortization		477			—			—			477
Non-cash operating lease expense		10,306			1,374			—			11,680
Amortization of finance lease right-of-use assets		—			163			—			163
Provision for losses on accounts receivable		5,382			411			—			5,793
Provision for inventory obsolescence		152			—			—			152
Deferred income taxes		27,013			—			—			27,013
Impairment of goodwill		12,184			—			—			12,184
Stock-based compensation expense		4,670			—			—			4,670
Gain from sales of property and equipment, net		(3,957	)		(660	)		—			(4,617	)
Gain from sales of rental equipment, net		(39,102	)		(7,511	)		—			(46,613	)
Equity in earnings of guarantor subsidiaries		(15,441	)		—			15,441			—
Changes in operating assets and liabilities, net of acquisitions:
Receivables		2,414			6,808			—			9,222
Inventories		(21,121	)		1,484			—			(19,637	)
Prepaid expenses and other assets		274			(7	)		—			267
Accounts payable		(40,012	)		(3,346	)		—			(43,358	)
Manufacturer flooring plans payable		2,023			(488	)		—			1,535
Accrued expenses payable and other liabilities		(3,597	)		(783	)		—			(4,380	)
Deferred compensation payable		109			—			—			109
Net cash provided by operating activities		270,437			48,781			—			319,218
Cash flows from investing activities:
Acquisition of business, net of cash acquired		(106,746	)		—			—			(106,746	)
Purchases of property and equipment		(36,824	)		(6,287	)		—			(43,111	)
Purchases of rental equipment		(272,015	)		(37,639	)		—			(309,654	)
Proceeds from sales of property and equipment		5,276			774			—			6,050
Proceeds from sales of rental equipment		107,127			20,431			—			127,558
Investment in subsidiaries		26,001			—			(26,001	)		—
Net cash used in investing activities		(277,181	)		(22,721	)		(26,001	)		(325,903	)
Cash flows from financing activities:
Purchases of treasury stock		(1,684	)		—			—			(1,684	)
Borrowings on senior secured credit facility		1,457,744			—			—			1,457,744
Payments on senior secured credit facility		(1,411,626	)		—			—			(1,411,626	)
Dividends paid		(39,381	)		(7	)		—			(39,388	)
Payments of deferred financing costs		(559	)		—			—			(559	)
Payments of finance lease obligations		(56	)		(176	)		—			(232	)
Capital contributions		—			(26,001	)		26,001			—
Net cash provided by (used in) financing activities		4,438			(26,184	)		26,001			4,255
Net decrease in cash		(2,306	)		(124	)		—			(2,430	)
Cash, beginning of year		16,677			—			—			16,677
Cash, end of year	$	14,371		$	(124	)	$	—		$	14,247

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
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
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

Senior Unsecured Notes

12 Months Ended

Dec. 31, 2019

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.

In connection with the above transactions, we recorded a one-time loss on the early extinguishment of debt of approximately $25.4 million, or approximately $18.9 million after-tax, reflecting payment of $12.8 million of tender premiums and $10.5 million of premiums in accordance with the indenture governing the Old Notes to redeem the Old Notes that remained outstanding following completion of the Tender Offer, combined with the write-off of approximately $2.0 million of unamortized note discount related to the Old Notes. Additional transaction costs incurred in connection with the offering of the New Notes totaled approximately $1.6 million.

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, 2019, 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 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, 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
Accretion of discount through December 31, 2019		1,539
Amortization of note premium through December 31, 2019		(1,062	)
Additional deferred financing costs on New Notes		—
Amortization of deferred financing costs through December 31, 2019		309
Balance at December 31, 2019	$	945,566

Deferred Compensation Plans

12 Months Ended

Dec. 31, 2019

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, 2019, 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 2019 calendar plan year was 5.50%. The aggregate deferred compensation payable at

December 31, 2019 and December 31, 2018 was approximately $2.1 million and $2.0 million, respectively. Included in these amounts at December 31, 2019 and 2018 was accrued interest of $1.6 million and $1.5 million, respectively.

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands		3 Months Ended								12 Months Ended
	Oct. 01, 2019	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Revenues		$ 348,133	$ 352,997	$ 333,597	$ 313,638	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 1,348,365	$ 1,238,961	$ 1,030,019
Cost of revenues:
Cost of revenues										849,195	800,427	670,111
Gross profit										499,170	438,534	359,908
Selling, general and administrative expenses										311,026	278,298	232,784
Impairment of goodwill		12,200								12,184
Merger costs (net of merger breakup fee proceeds)										416	708	(5,782)
Gain from sales of property and equipment, net										4,617	7,118	5,009
Income from operations		41,310	55,503	47,673	35,675	50,899	45,318	43,103	27,326	180,161	166,646	137,915
Other income (expense):
Interest expense										(68,277)	(63,707)	(54,958)
Loss on early extinguishment of debt												(25,363)
Other, net										3,977	1,724	1,750
Total other expense, net										(64,300)	(61,983)	(78,571)
Income before provision (benefit) for income taxes		26,854	38,760	30,895	19,352	34,755	28,971	27,869	13,068	115,861	104,663	59,344
Provision (benefit) for income taxes										28,650	28,040	(50,314)
Net income		$ 21,923	$ 28,431	$ 22,614	$ 14,243	$ 25,060	$ 21,314	$ 20,771	$ 9,478	$ 87,211	$ 76,623	$ 109,658
Net income per common share:
Basic		$ 0.61	$ 0.79	$ 0.63	$ 0.40	$ 0.70	$ 0.60	$ 0.58	$ 0.27	$ 2.43	$ 2.15	$ 3.09
Diluted		$ 0.61	$ 0.79	$ 0.63	$ 0.40	$ 0.70	$ 0.59	$ 0.58	$ 0.26	$ 2.42	$ 2.13	$ 3.07
Weighted average common shares outstanding:
Basic										35,859	35,677	35,516
Diluted										36,033	35,903	35,699
Dividends declared per common share outstanding										$ 1.10	$ 1.10	$ 1.10
Equipment Rentals [Member]
Revenues:
Revenues										$ 766,354	$ 627,181	$ 508,121
Cost of revenues:
Cost of revenues										419,472	353,422	294,599
Gross profit										346,882	273,759	213,522
Equipment Rentals [Member] \| Rentals Other [Member]
Cost of revenues:
Cost of revenues										70,613	55,449	47,438
Equipment Rentals [Member] \| Rental Depreciation [Member]
Cost of revenues:
Cost of revenues										243,780	208,453	169,455
Equipment Rentals [Member] \| Rental Expense [Member]
Cost of revenues:
Cost of revenues										105,079	89,520	77,706
Equipment Rentals [Member]
Revenues:
Revenues										766,354	627,181	508,121
New Equipment Sales [Member]
Revenues:
Revenues										239,091	262,948	203,301
Cost of revenues:
Cost of revenues										211,372	232,057	180,702
Impairment of goodwill	$ 10,700									10,700
Used Equipment Sales [Member]
Revenues:
Revenues										139,349	125,125	107,329
Cost of revenues:
Cost of revenues										92,021	86,052	74,132
Parts Sales [Member]
Revenues:
Revenues										123,855	120,454	114,253
Cost of revenues:
Cost of revenues										90,963	88,263	83,135
Services Revenues [Member]
Revenues:
Revenues										67,941	63,488	62,873
Cost of revenues:
Cost of revenues										21,946	21,328	21,111
Other [Member]
Revenues:
Revenues										11,775	39,765	34,142
Cost of revenues:
Cost of revenues										$ 13,421	$ 19,305	$ 16,432

Receivables - Summary of Receivables (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Trade receivables	$ 186,472	$ 194,601
Unbilled rental revenue	9,529	8,833
Income tax receivables	1,405	2,181
Other	34	35
Total receivables	197,440	205,650
Less allowance for doubtful accounts	(5,236)	(4,094)
Total receivables, net	$ 192,204	$ 201,556

Income Taxes - Deferred Income Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Accounts receivable	$ 1,283	$ 1,010
Inventories	83	93
Net operating losses	101,212	86,859
AMT and tax credits	1,334	2,110
Sec 263A costs	608	752
Accrued liabilities	2,970	2,869
Deferred compensation	1,499	1,561
Accrued interest	410	387
Stock-based compensation	247	146
Goodwill and intangible assets	711	346
Other assets	597	415
Deferred tax assets, Total	110,954	96,548
Valuation allowance		(609)
Deferred tax assets, net of valuation allowance, Total	110,954	95,939
Deferred tax liabilities:
Property and equipment	(287,654)	(245,198)
Investments	(1,072)	(1,076)
Goodwill and intangible assets	(2,354)	(2,778)
Deferred tax liabilities, Total	(291,080)	(249,052)
Net deferred tax liabilities	$ (180,126)	$ (153,113)

Leases - Summary of Lease Costs, Under Topic 842, for Operating and Finance Leases (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($)
Finance lease costs
Amortization of finance lease right-of-use assets	$ 163
Total lease cost	22,450
SG&A Expenses [Member]
Lessee Lease Description [Line Items]
Operating lease cost	22,293
Finance lease costs
Amortization of finance lease right-of-use assets	162
Variable lease cost	523
Interest Expense [Member]
Finance lease costs
Interest on lease liabilities	39
Other Income [Member]
Finance lease costs
Sublease income	$ (567)

Income Taxes

12 Months Ended

Dec. 31, 2019

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 and 2019.

Our income tax provision (benefit) for the years ended December 31, 2019, 2018 and 2017, consists of the following (amounts in thousands):

	Current			Deferred			Total
Year ended December 31, 2019:
U.S. Federal	$	(761	)	$	25,134		$	24,373
State		2,398			1,879			4,277
	$	1,637		$	27,013		$	28,650
Year ended December 31, 2018:
U.S. Federal	$	(1,523	)	$	23,127		$	21,604
State		2,868			3,568			6,436
	$	1,345		$	26,695		$	28,040
Year ended December 31, 2017:
U.S. Federal	$	—		$	(54,241	)	$	(54,241	)
State		221			3,706			3,927
	$	221		$	(50,535	)	$	(50,314	)

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

	2019			2018
Deferred tax assets:
Accounts receivable	$	1,283		$	1,010
Inventories		83			93
Net operating losses		101,212			86,859
AMT and tax credits		1,334			2,110
Sec 263A costs		608			752
Accrued liabilities		2,970			2,869
Deferred compensation		1,499			1,561
Accrued interest		410			387
Stock-based compensation		247			146
Goodwill and intangible assets		711			346
Other assets		597			415
		110,954			96,548
Valuation allowance		—			(609	)
		110,954			95,939
Deferred tax liabilities:
Property and equipment		(287,654	)		(245,198	)
Investments		(1,072	)		(1,076	)
Goodwill and intangible assets		(2,354	)		(2,778	)
		(291,080	)		(249,052	)
Net deferred tax liabilities	$	(180,126	)	$	(153,113	)

	2019			2018			2017
Computed tax at statutory rates	$	24,331		$	21,979		$	20,770
Permanent items - other		1,065			1,021			911
Permanent items - excess of tax deductible goodwill		—			—			(2,130	)
State income tax, net of federal tax effect		6,944			5,246			2,563
Change in valuation allowance		(609	)		(123	)		397
Change in uncertain tax positions		—			(83	)		(5,960	)
Other - change in deferred state rate		(3,081	)		—			—
Impact of the Act federal rate change		—			—			(66,865	)
	$	28,650		$	28,040		$	(50,314	)

At December 31, 2019, we had available federal net operating loss carry forwards of approximately $86.2 million, which expire in varying amounts from 2030 through 2036 and $366.9 million, which does not expire. We also had federal alternative minimum tax credit carry forwards at December 31, 2019 of approximately $1.5 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 2022. In accordance with changes made by the Act, our AMT credit became refundable between 2018 and 2022; therefore, we have reclassified $0.8 million from deferred income taxes to income tax receivable during the year ended December 31, 2019. 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 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, 2019. For the year ended December 31, 2019, we decreased our valuation allowance by $0.6 million for certain state net operating losses that are expected to be fully realized.

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

	2019		2018
Gross unrecognized tax benefits at January 1	$	—	$	106
Increases in tax positions taken in prior years		—		—
Decreases in tax positions taken in prior years		—		(106	)
Lapse in statute of limitations		—		—
Gross unrecognized tax benefits at December 31	$	—	$	—

As of December 31, 2019 and 2018, we have no reserves established for the gross amount of unrecognized tax benefits. 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 2016 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.

Inventories - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Net of reserves for inventory obsolescence	$ 331	$ 368

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

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.

Reclassifications and Comparability

Prior period hauling revenues and related cost of revenues have been reclassified to conform to the current periods’ presentation. The tables below (amounts in thousands) reconcile for the years ended December 31, 2018 and 2017, our Revenues, Cost of Revenues and Gross Profit as previously reported to the current period presentation in this Annual Report on Form 10-K.

	Year Ended December 31,
	2018							2017
	As Previously Reported		Reclassification of Hauling Fees			As Currently Reported		As Previously Reported		Reclassification of Hauling Fees			As Currently Reported
Revenues:
Equipment rentals	$	592,193	$	34,988		$	627,181	$	479,016	$	29,105		$	508,121
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
Services revenues		63,488		—			63,488		62,873		—			62,873
Other		74,753		(34,988	)		39,765		63,247		(29,105	)		34,142
Total revenues		1,238,961		—			1,238,961		1,030,019		—			1,030,019
Cost of revenues:
Rental depreciation		208,453		—			208,453		169,455		—			169,455
Rental expense		89,520		—			89,520		77,706		—			77,706
Rental other		—		55,449			55,449		—		47,438			47,438
		297,973		55,449			353,422		247,161		47,438			294,599
New equipment sales		232,057		—			232,057		180,702		—			180,702
Used equipment sales		86,052		—			86,052		74,132		—			74,132
Parts sales		88,263		—			88,263		83,135		—			83,135
Services revenues		21,328		—			21,328		21,111		—			21,111
Other		74,754		(55,449	)		19,305		63,870		(47,438	)		16,432
Total cost of revenues		800,427		—			800,427		670,111		—			670,111
Gross profit	$	438,534	$	—		$	438,534	$	359,908	$	—		$	359,908

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

Under Topic 606, Revenue from Contracts with Customers, 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. As described below and in note 11 to these consolidated financial statements, we adopted Topic 842, Leases, on January 1, 2019. We recognize revenue in accordance with two different accounting standards: 1) Topic 606 and 2) Topic 842.

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. Our contracts with customers generally do not include multiple performance obligations. 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, 2019, 2018 and 2017 by revenue type and by the applicable accounting standard (amounts in thousands).

	Year Ended December 31, 2019
	Topic 842		Topic 606		Total
Revenues:
Rental revenues
Owned equipment rentals	$	668,087	$	1,118	$	669,205
Re-rent revenue		25,342		—		25,342
Ancillary and other rental revenues:
Delivery and pick-up		—		40,049		40,049
Other		31,758		—		31,758
Total ancillary rental revenues		31,758		40,049		71,807
Total equipment rental revenues		725,187		41,167		766,354
New equipment sales		—		239,091		239,091
Used equipment sales		—		139,349		139,349
Parts sales		—		123,855		123,855
Services revenues		—		67,941		67,941
Other		—		11,775		11,775
Total revenues	$	725,187	$	623,178	$	1,348,365

	Year Ended December 31, 2018
	Topic 840⁽¹⁾		Topic 606		Total
Revenues:
Rental revenues
Owned equipment rentals	$	568,412	$	1,334	$	569,746
Re-rent revenue		22,447		—		22,447
Ancillary and other rental revenues:
Delivery and pick-up		—		34,988		34,988
Other		—		—		—
Total ancillary rental revenues		—		34,988		34,988
Total equipment rental revenues		590,859		36,322		627,181
New equipment sales		—		262,948		262,948
Used equipment sales		—		125,125		125,125
Parts sales		—		120,454		120,454
Services revenues		—		63,488		63,488
Other		21,693		18,072		39,765
Total revenues	$	612,552	$	626,409	$	1,238,961

	Year Ended December 31, 2017
	Topic 840⁽¹⁾		Topic 606		Total
Revenues:
Rental revenues
Owned equipment rentals	$	459,571	$	2,038	$	461,609
Re-rent revenue		17,407		—		17,407
Ancillary and other rental revenues:
Delivery and pick-up		—		29,105		29,105
Other		—		—		—
Total ancillary rental revenues		—		29,105		29,105
Total equipment rental revenues		476,978		31,143		508,121
New equipment sales		—		203,301		203,301
Used equipment sales		—		107,329		107,329
Parts sales		—		114,253		114,253
Services revenues		—		62,873		62,873
Other		17,791		16,351		34,142
Total revenues	$	494,769	$	535,250	$	1,030,019

(1)

Prior to our adoption of Topic 842 on January 1, 2019, leases were accounted for under Topic 840. See additional information below in Recently Adopted Accounting Pronouncements.

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 842 (for the year ended December 31, 2019)

Owned Equipment Rentals: 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.

Re-rent revenue: Re-rent revenue reflects revenues from equipment that we rent from vendors and then rent to our customers. We account for such rentals as subleases. The accounting for re-rent revenue is the same as the accounting for owned equipment rentals described above.

Other equipment rental revenue: Other equipment rental revenue is primarily comprised of (i) revenue from customers who purchase insurance to protect against potential damages or loss the equipment they rent, (ii) environmental charges associated with the rental of equipment, and (iii) fuel recovery fees charged to customers. 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.

Topic 840 (for the years ended December 31, 2018 and 2017)

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.

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 842. 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 842.

Delivery and pick-up: Delivery and pick-up revenue associated with renting equipment is recognized when the service is performed.

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 made an accounting policy election permitted by Topic 606 to treat such shipping activities as fulfillment costs, which results in the fees for shipping activities being included in the parts sales transaction price.

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 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 842, the discussions below on credit risk and our allowances for doubtful accounts address our total revenues from Topic 606 and Topic 842.

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 less than two percent of total revenues for the years ended December 31, 2019, 2018 and 2017. 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, 2019, 2018 and 2017 were approximately 0.5%, 0.2% and 0.4%, respectively. See Pending Accounting Pronouncements for new guidance related to expected credit losses.

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, 2019, 2018 or 2017 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, 2019, 2018 and 2017 was not material.

Payment terms

Our Topic 606 revenues do not include material amounts of variable consideration. Our payment terms are typically net 30 days, but can 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. The depreciation is included in rental depreciation within our consolidated statements of income. 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. We additionally capitalize certain costs associated with internally developed software and cloud computing arrangements (see also Recently Adopted Accounting Pronouncements related to accounting guidance for cloud computing arrangements).

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, Depreciation expense on property and equipment is included in SG&A expenses on our consolidated statements of income. 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

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 2019, 2018 or 2017.

Goodwill

We have made acquisitions in the past that included the recognition of goodwill. 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.

Prior to our adoption of ASU No. 2017-04, described below, Topic 350 required a two-step assessment to determine whether goodwill is impaired. The first step (“Step 1”) requires an entity to compare each reporting unit’s carrying value, including goodwill, and its fair value. If the carrying value exceeds the fair value, then the entity must perform the second step (“Step 2”), which is to compare the implied fair value of goodwill to its carrying value, and record an impairment charge for any excess of carrying value over implied fair value. An entity also has an option to perform a qualitative assessment to determine if the quantitative impairment test is necessary. Considerable judgment is required by management in using the qualitative approach to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. During 2018, we performed, as of October 1, a qualitative assessment and determined that it was more likely than not that the fair value of each of our reporting units was not less than its carrying value and, therefore, did not perform the prescribed quantitative goodwill impairment test. We considered various factors in performing the qualitative test, including macroeconomic conditions, industry and market considerations, the overall financial performance of our reporting units, the Company’s stock price and the excess amount or “cushion” between our reporting unit’s fair value and carrying value as indicated on our most recent quantitative assessment.

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”) to simplify how all entities assess goodwill for impairment by eliminating Step 2 from the goodwill impairment test. As amended, the goodwill impairment test consists of one step, comparing the fair value of a reporting unit with its carrying amount. An entity should recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, limited to the total amount of goodwill allocated to the reporting unit. We adopted ASU 2017-04 as of October 1, 2019.

Given that we have completed three acquisitions in 2018 and 2019, resulting in a substantial increase in the amount of goodwill, we performed a Step 1 quantitative assessment of goodwill impairment as of October 1, 2019, our annual impairment testing date. For all reporting units, we compared the carrying values of each reporting unit, inclusive of goodwill and definite-lived intangible assets, to its fair value. We estimated the fair value of these reporting units by weighting results from the income approach and the market approach. Based on this quantitative test, we determined that our Rental Component 1, Rental Component 2, Used Equipment Sales and Parts reporting units were not impaired as their respective fair values exceeded their respective carrying values by at least 24% or more. However, the results of the quantitative test indicated that the respective fair values of the New Equipment Sales and Service Revenues reporting units were less than the carrying value of each reporting unit, resulting in a goodwill impairment totaling $12.2 million, or $10.7 million and $1.5 million for the New Equipment Sales and Service Revenues reporting units, respectively.

The New Equipment Sales reporting unit impairment was largely due to a sharp decline in our 2019 fourth quarter new equipment sales revenues as over 75% of our full-year new equipment sales decline occurred in the fourth quarter. This decline, combined with our new equipment sales revenues growth rate and operating results assumptions for the forecast period under the income approach, resulted in a fair value determination, that when combined with the weighted fair value of the reporting unit determined under the market approach, was less than the reporting unit’s carrying value as of October 1, 2019, resulting in a $10.7 million impairment charge.

The impairment of the Service Revenues reporting unit was largely due to our service revenues growth rate and operating results assumptions for the forecast period under the income approach, which resulted in a fair value determination, that when combined with the weighted fair value of the reporting unit determined under the market approach, was less than the reporting unit’s carrying value as of October 1, 2019, resulting in a $1.5 million impairment charge.

Significant assumptions inherent in the valuation methodologies for goodwill are employed and include, prospective financial information, growth rates, terminal value, discount rates, and comparable multiples from publicly traded companies in our industry. The inputs and variables used in determining the fair value of a reporting unit require management to make certain assumptions regarding the impact of operating and macroeconomic changes, as well as estimates of future cash flows. Our estimates regarding future cash flows are based on historical experience and projections of future operating performance, including revenues, margins and operating expenses. We also make certain forecasts about future economic conditions, such as the timing and duration of economic expansion or contraction cycles in our business, interest rates, and other market data. Many of the factors used in assessing fair value are outside the control of management, and these assumptions and estimates may change in future periods.

The impairment charges are non-cash items and will not affect our cash flows, liquidity or borrowing capacity under the senior credit facility, and the charge is excluded from our financial results in evaluating our financial covenant under the senior secured credit facility.

The changes in the carrying amount of goodwill for our reporting units for the years ended December 31, 2019 and 2018 were as follows (amounts in thousands):

	Eq. Rental Comp. 1		Eq. Rental Comp. 2		New Eq. Sales			Used Eq. Sales		Parts Sales		Service Revenues			Total
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
Increases (2)		14,918		19,775		254			500		2,045		291			37,783
Decreases (3)		—		—		(10,688	)		—		—		(1,496	)		(12,184	)
Balance at December 31, 2019	$	49,215	$	62,311	$	—		$	8,961	$	10,955	$	—		$	131,442

(1)

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

(2)

Increases are related to goodwill recognized in the WRI 2019 acquisition. See footnote 3 for further information

(3)

Decreases are related to the goodwill impairment calculated as of October 1, 2019.

Intangible assets

Our intangible assets include customer relationships, tradenames and leasehold interests that we acquired in recent acquisitions (see note 3 for further acquisition information). The customer relationships, tradenames and leasehold interests are amortized on a straight-line basis over estimated useful lives of ten, one and ten years, respectively, from the date of acquisition.

The gross carrying values, accumulated amortization and net carrying amounts of our major classes of intangible assets as of December 31, 2019 and 2018 are as follows (dollar amounts in thousands):

	December 31, 2019						December 31, 2018
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Customer relationships	$	39,500	$	6,729	$	32,771	$	31,000	$	2,850	$	28,150
Tradenames		200		183		17		500		450		50
Leasehold interests		200		40		160		200		20		180
Total	$	39,900	$	6,952	$	32,948	$	31,700	$	3,320	$	28,380

Intangible assets are tested for impairment whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. An impairment loss would be recognized when the carrying amount of the asset exceeds the estimated undiscounted future cash flows expected to result from the use of the asset and its eventual disposition. The impairment loss to be recorded would be the excess of the asset’s carrying value over its fair value. Fair value is generally determined using a discounted cash flow analysis or other valuation technique.

Total amortization expense for the years ended December 31, 2019 and 2018 totaled $4.1 million and $3.3 million, respectively, and is included within SG&A expenses on the consolidated statements of income. There was no amortization expense for the year ended December 31, 2017. The following table presents the expected amortization expense for each of the next five years ending December 31 and thereafter for those intangible assets with remaining carrying value as of December 31, 2019 (dollar amounts in thousands):

	Amortization Expense
2020	$	3,987
2021		3,970
2022		3,970
2023		3,970
2024		3,970
Thereafter		13,081
	$	32,948

Leases

The Company as Lessee

We determine whether an arrangement is a lease at the inception of the arrangement based on the terms and conditions in the contract. A contract contains a lease if there is an identified asset and we have the right to control the asset for a period of time in exchange for consideration. Lease arrangements can take several forms. Some arrangements are clearly within the scope of lease accounting, such as a real estate contract that provides an explicit contractual right to use a building for a specified period of time in exchange for consideration. However, the right to use an asset can also be conveyed through arrangements that are not leases in form, such as leases embedded within service and supply contracts. We analyze all arrangements with potential embedded leases to determine if an identified asset is present, if substantive substitution rights are present, and if the arrangement provides the customer control of the asset.

Our lease portfolio is substantially comprised of operating leases related to leases of real estate and improvements at our branch locations. From time to time, we may also lease various types of small equipment and vehicles.

Operating lease right-of-use (“ROU”) assets represent our right to use an individual asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide the lessor’s implicit rate, we use our incremental borrowing rate (“IBR”) at the commencement date in determining the present value of lease payments by utilizing a fully collateralized rate for a fully amortizing loan with the same term as the lease.

Lease terms include options to extend the lease when it is reasonably certain those options will be exercised. For leases with terms greater than 12 months, we record the related asset and obligation at the present value of lease payments over the term. Many of our leases include rental escalation clauses, renewal options and/or termination options that are factored into our determination of lease payments when such renewal options and/or termination options are reasonably certain of exercise. We do not separate lease and non-lease components of contracts. Variable lease payments, which represent lease payments that vary due to changes in facts or circumstances occurring after the commencement date other than the passage of time, are expensed in the period in which the obligation for these payments was incurred.

A ROU asset is subject to the same impairment guidance as assets categorized as plant, property, and equipment. As such, any impairment loss on ROU assets is presented in the same manner as an impairment loss recognized on other long-lived assets.

A lease modification is a change to the terms and conditions of a contract that change the scope or consideration of a lease. For example, a change to the terms and conditions to the contract that adds or terminates the right to use one or more underlying assets, or extends or shortens the contractual lease term, is a modification. Depending on facts and circumstances, a lease modification may be accounted as either: (1) the original lease plus the lease of a separate asset(s) or (2) a modified lease. A lease will be remeasured if there are changes to the lease contract that do not give rise to a separate lease.

See also Recently Adopted Accounting Pronouncements below regarding our adoption of the new lease accounting guidance as of January 1, 2019. Also see note 11 related to the required lease disclosures.

The Company as Lessor

Our equipment rental business involves rental contracts with customers whereby we are the lessor in the transaction and therefore, such transactions are subject to Topic 842. We account for such 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.

Deferred Financing Costs and Initial Purchasers' Discounts

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. 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, 2019, 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 $5.9 million and our health insurance reserves totaled $1.6 million. At December 31, 2018, our claims reserves related to workers compensation, general liability and automobile liability totaled $4.8 million and our health insurance reserves totaled $1.3 million.

Advertising

Advertising costs are expensed as incurred and totaled $0.6 million, $0.5 million and $0.5 million for the years ended December 31, 2019, 2018 and 2017, 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. 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.

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 carrying amounts and fair values of our other financial instruments subject to fair value disclosures as of December 31, 2019 and 2018 are presented in the table below (amounts in thousands).

	December 31, 2019
	Carrying Amount		Fair Value
Manufacturer flooring plans payable with interest computed at 5.25% (Level 3)	$	25,201	$	21,615
Senior unsecured notes due 2025 with interest computed at 5.625% (Level 2)		945,566		995,125

	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

At December 31, 2019 and 2018, the fair value of our senior unsecured notes due 2025 was based on quoted bond trading market prices for those notes. The carrying amounts and fair values of our other financial instruments subject to fair value disclosures have been calculated based upon market quotes and present value calculations based on market rates. See also Pending Accounting Pronouncements below for new guidance related to fair value disclosures.

Fair Value Measurements on a Nonrecurring Basis

Our non-financial assets, such as goodwill, intangible assets and property and equipment, are adjusted to fair value only when an impairment charge is recognized or the underlying investment is sold. Such fair value measurements are based predominately on Level 3 inputs. The results of our 2019 goodwill impairment quantitative test indicated that the respective fair values of the New Equipment Sales and Service Revenues reporting units were less than the carrying value of each reporting unit, resulting in a goodwill impairment totaling $12.2 million, or $10.7 million and $1.5 million for the New Equipment Sales and Service Revenues reporting units, respectively. See above for additional information.

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, 2019, we purchased approximately 54% from five manufacturers (Grove/Manitowoc, Genie Industries (Terex), JCB, Komatsu, and John Deere) 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, 2019, 2018 and 2017 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, 2019, 2018 and 2017 were less than 1% of total outstanding shares for each of the years ended December 31, 2019, 2018 and 2017 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, 2019, 2018 and 2017.

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):

	2019		2018		2017
Basic net income per share:
Net income	$	87,211	$	76,623	$	109,658
Weighted average number of common shares outstanding		35,859		35,677		35,516
Net income per common share — basic	$	2.43	$	2.15	$	3.09
Diluted net income per share:
Net income	$	87,211	$	76,623	$	109,658
Weighted average number of common shares outstanding		35,859		35,677		35,516
Effect of dilutive securities:
Effect of dilutive non-vested stock		174		226		183
Weighted average number of common shares outstanding — diluted		36,033		35,903		35,699
Net income per common share — diluted	$	2.42	$	2.13	$	3.07
Common shares excluded from the denominator as anti-dilutive:
Non-vested stock		32		43		—

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 1,645,414 shares of common stock as of December 31, 2019.

We account for our stock-based compensation plans at fair value on the grant date, and recognize 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, 2019 and 2018:

	Number of Shares			Weighted Average Grant Date Fair Value
Non-vested stock at January 1, 2018		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
Granted		194,192		$	30.20
Vested		(161,615	)	$	23.79
Forfeited		(34,396	)	$	22.90
Non-vested stock at December 31, 2019		377,740		$	29.26

As of December 31, 2019, we had unrecognized compensation expense of approximately $6.4 million related to non-vested stock award payments that we expect to be recognized over a weighted average period of 2.0 years. Stock compensation expense for the years ended December 31, 2019, 2018 and 2017 was $4.7 million, $4.2 million and $3.5 million, respectively.

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 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 June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). This standard establishes 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. In November 2018, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, Financial Instruments-Credit Losses. ASU 2018-19 clarifies that receivables arising from operating leases are not within the scope of the credit losses standard. Instead, entities would need to apply other U.S. GAAP, namely Topic 842 (Leases), to account for changes in the collectability assessment for operating leases. Other than operating lease receivables, our trade receivables include receivables from equipment sales, parts and service sales. Under Topic 606 (Revenue from Contracts with Customers), 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 these trade receivables are recorded, they become subject to the CECL model and estimates of expected credit losses over their contractual life will be required to be recorded at inception based on historical information, current conditions, and reasonable and supportable forecasts. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments, which

amends and clarifies several provisions of Topic 326. In May 2019, the FASB issued ASU 2019-05, Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief, which amends Topic 326 to allow the fair value option to be elected for certain financial instruments upon adoption. ASU 2016-13 became effective for us as of January 1, 2020. Based on our analysis of the new guidance, including the subsequent updates to Topic 326, we do not believe the adoption will have a material impact on our consolidated financial statements and related disclosures or our existing internal controls because our accounts receivable are of short duration and there is not a material difference between incurred losses and expected losses.

In August 2018, the FASB issued ASU No. 2018-13, "Fair Value Measurement - Disclosure Framework," or ASU 2018-13. ASU 2018-13 modifies the disclosure requirements for fair value measurements. Entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but public companies will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The guidance is effective for all entities for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, but entities were permitted to early adopt the entire standard or only the provisions that eliminate or modify the requirements. We will adopt ASU 2018-13 when effective. Based on our evaluation of ASU 2018-13, the adoption of ASU 2018-13 will not have a material impact on our consolidated financial statements and footnotes.

In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”). ASU 2019-12 simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in Accounting Standards Codification (“ASC”) 740 related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The new guidance also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. ASU 2019-12 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2020, and generally requires prospective adoption. While we continue to evaluate the new guidance of ASU 2019-12, we currently do not expect the guidance to have a material impact on our consolidated financial statements.

Recently Adopted Accounting Pronouncements

Goodwill

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. We adopted ASU 2017-04 effective October 1, 2019 on a prospective basis. Our adoption of the new guidance coincided with our annual impairment testing date, see our previous disclosures in Significant Accounting Policies related to goodwill.

Internal-Use Software

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. Capitalized implementation costs related to a hosting arrangement that is a service contract will be amortized over the term of the hosting arrangement, beginning when the module or component of the hosting arrangement is ready for its intended use. The guidance is effective for calendar-year public business entities in 2020, with early adoption permitted. We adopted ASU 2018-15 effective October 1, 2019 on a prospective basis. Our adoption of the new guidance did not impact our consolidated financial statements.

Leases

We adopted Topic 842 on January 1, 2019. Topic 842 is an update to Topic 840, which was the lease accounting standard in effect through December 31, 2018. Topic 842 applies to us from both a lessor and a lessee perspective, as further described below.

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. We account for such rental contracts as operating leases pursuant to Topic 842, as well as pursuant to previous lease accounting guidance (Topic 840) in effect for periods prior to the effective date of Topic 842.

In accordance with Topic 842, certain ancillary fees that we charge our equipment rental customers result in a different presentation within our consolidated statements of income compared to our historical presentation of those items under previous lease accounting guidance. Specifically, amounts we charge our customers for loss damage waiver fees, environmental fees, and fuel and other recovery fees, upon adoption of Topic 842, are to be included within our Equipment Rentals segment rather than included within non-segmented Other Revenues as we have historically presented those items under previous lease accounting guidance. Likewise, the related cost of revenues for these ancillary items under Topic 842 are to be presented within our Equipment Rentals segment rather than included in non-segmented Other Cost of Revenues as we have historically presented under previous lease accounting guidance.

We adopted Topic 842 on January 1, 2019 using the transition method that allowed us to initially apply Topic 842 as of January 1, 2019 and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. As such, Topic 842 will not be applied to periods prior to January 1, 2019. Therefore, the above changes as described are not reflected in our consolidated statements of income for the years ended December 31, 2018 and 2017 in this Annual Report on Form 10-K. While the above changes resulting from our adoption of Topic 842 do not impact total consolidated revenues or total consolidated gross profit, the change does impact the comparability of our total Rental Revenues gross profit and total Other Revenues gross profit and resulting gross margins for 2019 compared to our previously reported gross profit and resulting gross margins for periods prior to January 1, 2019.

Lessee Accounting

Topic 842 requires leases with durations greater than twelve months to be recognized on the balance sheet. We adopted Topic 842 using the modified retrospective approach with an effective date as of the beginning of our fiscal year, January 1, 2019. Therefore, prior year financial statements were not recast under the new standard. We recognized an adjustment of less than $0.1 million to retained earnings upon adoption of Topic 842.

We elected the package of transition provisions available for expired or existing leases, which allowed us to carryforward our historical assessments of (1) whether contracts are or contain leases, (2) lease classification and (3) initial direct costs. We did not elect the use-of-hindsight practical expedient or the practical expedient pertaining to land easements. We elected not to apply the recognition requirements of Topic 842 to arrangements with lease terms of 12 months or less.

The adoption of Topic 842 had a material impact on our consolidated balance sheet related to operating leases. Upon adoption of Topic 842, we recognized additional operating lease liabilities of $162.8 million. We also recognized net corresponding right-of-use operating lease assets of $160.6 million. Finance lease liabilities recognized upon adoption of Topic 842 were $0.8 million and finance right-of-use lease assets were $0.5 million.

Topic 842 significantly expanded the disclosure requirements related to our leasing activities. Additional information and disclosures required by Topic 842 are presented in note 11 to these consolidated financial statements.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

(2)	Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

Reclassifications and Comparability

	Year Ended December 31,
	2018							2017
	As Previously Reported		Reclassification of Hauling Fees			As Currently Reported		As Previously Reported		Reclassification of Hauling Fees			As Currently Reported
Revenues:
Equipment rentals	$	592,193	$	34,988		$	627,181	$	479,016	$	29,105		$	508,121
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
Services revenues		63,488		—			63,488		62,873		—			62,873
Other		74,753		(34,988	)		39,765		63,247		(29,105	)		34,142
Total revenues		1,238,961		—			1,238,961		1,030,019		—			1,030,019
Cost of revenues:
Rental depreciation		208,453		—			208,453		169,455		—			169,455
Rental expense		89,520		—			89,520		77,706		—			77,706
Rental other		—		55,449			55,449		—		47,438			47,438
		297,973		55,449			353,422		247,161		47,438			294,599
New equipment sales		232,057		—			232,057		180,702		—			180,702
Used equipment sales		86,052		—			86,052		74,132		—			74,132
Parts sales		88,263		—			88,263		83,135		—			83,135
Services revenues		21,328		—			21,328		21,111		—			21,111
Other		74,754		(55,449	)		19,305		63,870		(47,438	)		16,432
Total cost of revenues		800,427		—			800,427		670,111		—			670,111
Gross profit	$	438,534	$	—		$	438,534	$	359,908	$	—		$	359,908

Use of Estimates

Revenue Recognition

Nature of goods and services

	Year Ended December 31, 2019
	Topic 842		Topic 606		Total
Revenues:
Rental revenues
Owned equipment rentals	$	668,087	$	1,118	$	669,205
Re-rent revenue		25,342		—		25,342
Ancillary and other rental revenues:
Delivery and pick-up		—		40,049		40,049
Other		31,758		—		31,758
Total ancillary rental revenues		31,758		40,049		71,807
Total equipment rental revenues		725,187		41,167		766,354
New equipment sales		—		239,091		239,091
Used equipment sales		—		139,349		139,349
Parts sales		—		123,855		123,855
Services revenues		—		67,941		67,941
Other		—		11,775		11,775
Total revenues	$	725,187	$	623,178	$	1,348,365

	Year Ended December 31, 2018
	Topic 840⁽¹⁾		Topic 606		Total
Revenues:
Rental revenues
Owned equipment rentals	$	568,412	$	1,334	$	569,746
Re-rent revenue		22,447		—		22,447
Ancillary and other rental revenues:
Delivery and pick-up		—		34,988		34,988
Other		—		—		—
Total ancillary rental revenues		—		34,988		34,988
Total equipment rental revenues		590,859		36,322		627,181
New equipment sales		—		262,948		262,948
Used equipment sales		—		125,125		125,125
Parts sales		—		120,454		120,454
Services revenues		—		63,488		63,488
Other		21,693		18,072		39,765
Total revenues	$	612,552	$	626,409	$	1,238,961

	Year Ended December 31, 2017
	Topic 840⁽¹⁾		Topic 606		Total
Revenues:
Rental revenues
Owned equipment rentals	$	459,571	$	2,038	$	461,609
Re-rent revenue		17,407		—		17,407
Ancillary and other rental revenues:
Delivery and pick-up		—		29,105		29,105
Other		—		—		—
Total ancillary rental revenues		—		29,105		29,105
Total equipment rental revenues		476,978		31,143		508,121
New equipment sales		—		203,301		203,301
Used equipment sales		—		107,329		107,329
Parts sales		—		114,253		114,253
Services revenues		—		62,873		62,873
Other		17,791		16,351		34,142
Total revenues	$	494,769	$	535,250	$	1,030,019

(1)

Prior to our adoption of Topic 842 on January 1, 2019, leases were accounted for under Topic 840. See additional information below in Recently Adopted Accounting Pronouncements.

Lease revenues

Topic 842 (for the year ended December 31, 2019)

Topic 840 (for the years ended December 31, 2018 and 2017)

Revenues from contracts with customers (Topic 606)

Delivery and pick-up: Delivery and pick-up revenue associated with renting equipment is recognized when the service is performed.

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.

Other revenues: Other revenues relate primarily to 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

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, 2019 and 2018 were as follows (amounts in thousands):

	Eq. Rental Comp. 1		Eq. Rental Comp. 2		New Eq. Sales			Used Eq. Sales		Parts Sales		Service Revenues			Total
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
Increases (2)		14,918		19,775		254			500		2,045		291			37,783
Decreases (3)		—		—		(10,688	)		—		—		(1,496	)		(12,184	)
Balance at December 31, 2019	$	49,215	$	62,311	$	—		$	8,961	$	10,955	$	—		$	131,442

(1)

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

(2)

Increases are related to goodwill recognized in the WRI 2019 acquisition. See footnote 3 for further information

(3)

Decreases are related to the goodwill impairment calculated as of October 1, 2019.

Intangible assets

The gross carrying values, accumulated amortization and net carrying amounts of our major classes of intangible assets as of December 31, 2019 and 2018 are as follows (dollar amounts in thousands):

	December 31, 2019						December 31, 2018
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Customer relationships	$	39,500	$	6,729	$	32,771	$	31,000	$	2,850	$	28,150
Tradenames		200		183		17		500		450		50
Leasehold interests		200		40		160		200		20		180
Total	$	39,900	$	6,952	$	32,948	$	31,700	$	3,320	$	28,380

	Amortization Expense
2020	$	3,987
2021		3,970
2022		3,970
2023		3,970
2024		3,970
Thereafter		13,081
	$	32,948

Leases

The Company as Lessee

The Company as Lessor

Deferred Financing Costs and Initial Purchasers’ Discounts

Reserves for Claims

Advertising

Advertising costs are expensed as incurred and totaled $0.6 million, $0.5 million and $0.5 million for the years ended December 31, 2019, 2018 and 2017, 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, 2019
	Carrying Amount		Fair Value
Manufacturer flooring plans payable with interest computed at 5.25% (Level 3)	$	25,201	$	21,615
Senior unsecured notes due 2025 with interest computed at 5.625% (Level 2)		945,566		995,125

	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

Fair Value Measurements on a Nonrecurring Basis

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):

	2019		2018		2017
Basic net income per share:
Net income	$	87,211	$	76,623	$	109,658
Weighted average number of common shares outstanding		35,859		35,677		35,516
Net income per common share — basic	$	2.43	$	2.15	$	3.09
Diluted net income per share:
Net income	$	87,211	$	76,623	$	109,658
Weighted average number of common shares outstanding		35,859		35,677		35,516
Effect of dilutive securities:
Effect of dilutive non-vested stock		174		226		183
Weighted average number of common shares outstanding — diluted		36,033		35,903		35,699
Net income per common share — diluted	$	2.42	$	2.13	$	3.07
Common shares excluded from the denominator as anti-dilutive:
Non-vested stock		32		43		—

Stock-Based Compensation

We account for our stock-based compensation plans at fair value on the grant date, and recognize an expense over the requisite employee service period (generally the vesting period of the grant).

Non-vested Stock

	Number of Shares			Weighted Average Grant Date Fair Value
Non-vested stock at January 1, 2018		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
Granted		194,192		$	30.20
Vested		(161,615	)	$	23.79
Forfeited		(34,396	)	$	22.90
Non-vested stock at December 31, 2019		377,740		$	29.26

Purchases of Company Common Stock

Segment Reporting

Recent Accounting Pronouncements

Pronouncements Not Yet Adopted

Recently Adopted Accounting Pronouncements

Goodwill

Internal-Use Software

Leases

Lessor Accounting

Lessee Accounting

Receivables

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Receivables

(4)	Receivables

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

	2019			2018
Trade receivables	$	186,472		$	194,601
Unbilled rental revenue		9,529			8,833
Income tax receivables		1,405			2,181
Other		34			35
		197,440			205,650
Less allowance for doubtful accounts		(5,236	)		(4,094	)
Total receivables, net	$	192,204		$	201,556

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Inventory [Line Items]
Total inventories, net	$ 85,478	$ 104,598
New Equipment Sales [Member]
Inventory [Line Items]
Total inventories, net	65,549	84,603
Used Equipment Sales [Member]
Inventory [Line Items]
Total inventories, net	1,993	1,980
Parts, Supplies and Other [Member]
Inventory [Line Items]
Total inventories, net	$ 17,936	$ 18,015

Summary of Significant Accounting Policies - Estimated Useful Lives of Property Plant and Equipment (Detail)	12 Months Ended
	Dec. 31, 2019
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 (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Summary of Revenues, Cost of Revenues and Gross Profit as Previously Reported

	Year Ended December 31,
	2018							2017
	As Previously Reported		Reclassification of Hauling Fees			As Currently Reported		As Previously Reported		Reclassification of Hauling Fees			As Currently Reported
Revenues:
Equipment rentals	$	592,193	$	34,988		$	627,181	$	479,016	$	29,105		$	508,121
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
Services revenues		63,488		—			63,488		62,873		—			62,873
Other		74,753		(34,988	)		39,765		63,247		(29,105	)		34,142
Total revenues		1,238,961		—			1,238,961		1,030,019		—			1,030,019
Cost of revenues:
Rental depreciation		208,453		—			208,453		169,455		—			169,455
Rental expense		89,520		—			89,520		77,706		—			77,706
Rental other		—		55,449			55,449		—		47,438			47,438
		297,973		55,449			353,422		247,161		47,438			294,599
New equipment sales		232,057		—			232,057		180,702		—			180,702
Used equipment sales		86,052		—			86,052		74,132		—			74,132
Parts sales		88,263		—			88,263		83,135		—			83,135
Services revenues		21,328		—			21,328		21,111		—			21,111
Other		74,754		(55,449	)		19,305		63,870		(47,438	)		16,432
Total cost of revenues		800,427		—			800,427		670,111		—			670,111
Gross profit	$	438,534	$	—		$	438,534	$	359,908	$	—		$	359,908

Summary of Revenues by Type and by Applicable Accounting Standard

	Year Ended December 31, 2019
	Topic 842		Topic 606		Total
Revenues:
Rental revenues
Owned equipment rentals	$	668,087	$	1,118	$	669,205
Re-rent revenue		25,342		—		25,342
Ancillary and other rental revenues:
Delivery and pick-up		—		40,049		40,049
Other		31,758		—		31,758
Total ancillary rental revenues		31,758		40,049		71,807
Total equipment rental revenues		725,187		41,167		766,354
New equipment sales		—		239,091		239,091
Used equipment sales		—		139,349		139,349
Parts sales		—		123,855		123,855
Services revenues		—		67,941		67,941
Other		—		11,775		11,775
Total revenues	$	725,187	$	623,178	$	1,348,365

	Year Ended December 31, 2018
	Topic 840⁽¹⁾		Topic 606		Total
Revenues:
Rental revenues
Owned equipment rentals	$	568,412	$	1,334	$	569,746
Re-rent revenue		22,447		—		22,447
Ancillary and other rental revenues:
Delivery and pick-up		—		34,988		34,988
Other		—		—		—
Total ancillary rental revenues		—		34,988		34,988
Total equipment rental revenues		590,859		36,322		627,181
New equipment sales		—		262,948		262,948
Used equipment sales		—		125,125		125,125
Parts sales		—		120,454		120,454
Services revenues		—		63,488		63,488
Other		21,693		18,072		39,765
Total revenues	$	612,552	$	626,409	$	1,238,961

	Year Ended December 31, 2017
	Topic 840⁽¹⁾		Topic 606		Total
Revenues:
Rental revenues
Owned equipment rentals	$	459,571	$	2,038	$	461,609
Re-rent revenue		17,407		—		17,407
Ancillary and other rental revenues:
Delivery and pick-up		—		29,105		29,105
Other		—		—		—
Total ancillary rental revenues		—		29,105		29,105
Total equipment rental revenues		476,978		31,143		508,121
New equipment sales		—		203,301		203,301
Used equipment sales		—		107,329		107,329
Parts sales		—		114,253		114,253
Services revenues		—		62,873		62,873
Other		17,791		16,351		34,142
Total revenues	$	494,769	$	535,250	$	1,030,019

(1)

Prior to our adoption of Topic 842 on January 1, 2019, leases were accounted for under Topic 840. See additional information below in Recently Adopted Accounting Pronouncements.

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, 2019 and 2018 were as follows (amounts in thousands):

	Eq. Rental Comp. 1		Eq. Rental Comp. 2		New Eq. Sales			Used Eq. Sales		Parts Sales		Service Revenues			Total
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
Increases (2)		14,918		19,775		254			500		2,045		291			37,783
Decreases (3)		—		—		(10,688	)		—		—		(1,496	)		(12,184	)
Balance at December 31, 2019	$	49,215	$	62,311	$	—		$	8,961	$	10,955	$	—		$	131,442

(1)

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

(2)

Increases are related to goodwill recognized in the WRI 2019 acquisition. See footnote 3 for further information

(3)

Decreases are related to the goodwill impairment calculated as of October 1, 2019.

Schedule of Gross Carrying Values, Accumulated Amortization and Net Carrying Amounts of Major Classes of Intangible Assets

The gross carrying values, accumulated amortization and net carrying amounts of our major classes of intangible assets as of December 31, 2019 and 2018 are as follows (dollar amounts in thousands):

	December 31, 2019						December 31, 2018
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Customer relationships	$	39,500	$	6,729	$	32,771	$	31,000	$	2,850	$	28,150
Tradenames		200		183		17		500		450		50
Leasehold interests		200		40		160		200		20		180
Total	$	39,900	$	6,952	$	32,948	$	31,700	$	3,320	$	28,380

Schedule of Expected Amortization Expense of Intangible Assets with Remaining Carrying Value

The following table presents the expected amortization expense for each of the next five years ending December 31 and thereafter for those intangible assets with remaining carrying value as of December 31, 2019 (dollar amounts in thousands):

	Amortization Expense
2020	$	3,987
2021		3,970
2022		3,970
2023		3,970
2024		3,970
Thereafter		13,081
	$	32,948

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, 2019 and 2018 are presented in the table below (amounts in thousands).

	December 31, 2019
	Carrying Amount		Fair Value
Manufacturer flooring plans payable with interest computed at 5.25% (Level 3)	$	25,201	$	21,615
Senior unsecured notes due 2025 with interest computed at 5.625% (Level 2)		945,566		995,125

	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

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):

	2019		2018		2017
Basic net income per share:
Net income	$	87,211	$	76,623	$	109,658
Weighted average number of common shares outstanding		35,859		35,677		35,516
Net income per common share — basic	$	2.43	$	2.15	$	3.09
Diluted net income per share:
Net income	$	87,211	$	76,623	$	109,658
Weighted average number of common shares outstanding		35,859		35,677		35,516
Effect of dilutive securities:
Effect of dilutive non-vested stock		174		226		183
Weighted average number of common shares outstanding — diluted		36,033		35,903		35,699
Net income per common share — diluted	$	2.42	$	2.13	$	3.07
Common shares excluded from the denominator as anti-dilutive:
Non-vested stock		32		43		—

Schedule of Non-Vested Stock Activity

The following table summarizes our non-vested stock activity for the years ended December 31, 2019 and 2018:

	Number of Shares			Weighted Average Grant Date Fair Value
Non-vested stock at January 1, 2018		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
Granted		194,192		$	30.20
Vested		(161,615	)	$	23.79
Forfeited		(34,396	)	$	22.90
Non-vested stock at December 31, 2019		377,740		$	29.26

Acquisitions - Unaudited Pro Forma Consolidated Statements of Income Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Total revenues	$ 348,133	$ 352,997	$ 333,597	$ 313,638	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 1,348,365	$ 1,238,961	$ 1,030,019
Pretax income	$ 26,854	$ 38,760	$ 30,895	$ 19,352	$ 34,755	$ 28,971	$ 27,869	$ 13,068	$ 115,861	104,663	59,344
Elimination of merger related costs											788
Pro forma pretax income (loss)										104,663	60,132
Income tax expense (benefit)										28,040	(50,511)
Net income (loss)										$ 76,623	$ 110,643
Net income (loss) per share – basic										$ 2.15	$ 3.12
Net income (loss) per share - diluted										$ 2.13	$ 3.10
Pro forma adjustments to pretax income:
Total revenues										$ 1,282,371	$ 1,101,751
Pretax income										112,575	69,654
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation										(5,201)	(6,369)
Intangible asset amortization										(1,350)	(3,620)
Interest expense										(6,144)	(1,609)
Elimination of merger related costs											5,285
Elimination of historic interest expense										599	2,348
Pro forma pretax income (loss)										100,479	65,689
Income tax expense (benefit)										26,953	(55,179)
Net income (loss)										$ 73,526	$ 120,868
Net income (loss) per share – basic										$ 2.05	$ 3.40
Net income (loss) per share - diluted										$ 2.04	$ 3.39
CEC [Member]
Business Acquisition [Line Items]
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											4,497
Elimination of historic interest expense											1,966
Pro forma pretax income (loss)											3,511
Income tax expense (benefit)											(2,949)
Net income (loss)											$ 6,460
Net income (loss) per share – basic											$ 0.18
Net income (loss) per share - diluted											$ 0.18
Rental Inc [Member]
Business Acquisition [Line Items]
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
Income tax expense (benefit)										(114)	(1,719)
Net income (loss)										$ (313)	$ 3,765
Net income (loss) per share – basic										$ (0.01)	$ 0.11
Net income (loss) per share - diluted										$ (0.01)	$ 0.11
We-Rent-It [Member]
Business Acquisition [Line Items]
Total revenues										$ 36,002
Pretax income										6,892
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation										(4,452)
Intangible asset amortization										(1,050)
Interest expense										(5,664)
Elimination of historic interest expense										517
Pro forma pretax income (loss)										(3,757)
Income tax expense (benefit)										(973)
Net income (loss)										$ (2,784)
Net income (loss) per share – basic										$ (0.08)
Net income (loss) per share - diluted										$ (0.08)

Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2019

Valuation And Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts

SCHEDULE II: VALUATION AND QUALIFYING ACCOUNTS

FOR THE YEARS ENDED DECEMBER 31, 2019, 2018 AND 2017

(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, 2019
Allowance for doubtful accounts receivable	$	4,094	$	5,793	$	(4,651	)	$	5,236
Allowance for inventory obsolescence		368		152		(189	)		331
	$	4,462	$	5,945	$	(4,840	)	$	5,567
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

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Dividends declared per common share outstanding	$ 1.10	$ 1.10	$ 1.10
Repurchase of restricted common stock, shares	58,756	37,805	37,565
Retained Earnings (Accumulated Deficit) [Member]
Dividends declared per common share outstanding	$ 1.10	$ 1.10	$ 1.10

Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

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,
	2019			2018		2017
Segment Revenues:
Equipment rentals	$	766,354		$	627,181	$	508,121
New equipment sales		239,091			262,948		203,301
Used equipment sales		139,349			125,125		107,329
Parts sales		123,855			120,454		114,253
Services revenues		67,941			63,488		62,873
Total segmented revenues		1,336,590			1,199,196		995,877
Non-Segmented revenues		11,775			39,765		34,142
Total revenues	$	1,348,365		$	1,238,961	$	1,030,019
Segment Gross Profit:
Equipment rentals	$	346,882		$	273,759	$	213,522
New equipment sales		27,719			30,891		22,599
Used equipment sales		47,328			39,073		33,197
Parts sales		32,892			32,191		31,118
Services revenues		45,995			42,160		41,762
Total gross profit from segmented revenues		500,816			418,074		342,198
Non-Segmented gross profit (loss)		(1,646	)		20,460		17,710
Total gross profit	$	499,170		$	438,534	$	359,908

	December 31,
	2019		2018
Segment identified assets:
Equipment sales	$	67,542	$	86,583
Equipment rentals		1,217,673		1,141,498
Parts and service		17,936		18,015
Total segment identified assets		1,303,151		1,246,096
Non-Segmented identified assets		671,459		481,085
Total assets	$	1,974,610	$	1,727,181

Inventories (Tables)

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Summary of Inventories

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

	2019		2018
New equipment	$	65,549	$	84,603
Used equipment		1,993		1,980
Parts, supplies and other		17,936		18,015
Total inventories, net	$	85,478	$	104,598

Segment Information - Schedule of Information about Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Revenues:
Revenues	$ 348,133	$ 352,997	$ 333,597	$ 313,638	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 1,348,365	$ 1,238,961	$ 1,030,019
Segment Gross Profit:
Total gross profit									499,170	438,534	359,908
Segment identified assets:
Total assets	1,974,610				1,727,181				1,974,610	1,727,181
Equipment Rentals [Member]
Segment Revenues:
Revenues									766,354	627,181	508,121
Segment Gross Profit:
Total gross profit									346,882	273,759	213,522
New Equipment Sales [Member]
Segment Revenues:
Revenues									239,091	262,948	203,301
Segment Gross Profit:
Total gross profit									27,719	30,891	22,599
Used Equipment Sales [Member]
Segment Revenues:
Revenues									139,349	125,125	107,329
Segment Gross Profit:
Total gross profit									47,328	39,073	33,197
Parts Sales [Member]
Segment Revenues:
Revenues									123,855	120,454	114,253
Segment Gross Profit:
Total gross profit									32,892	32,191	31,118
Services Revenues [Member]
Segment Revenues:
Revenues									67,941	63,488	62,873
Segment Gross Profit:
Total gross profit									45,995	42,160	41,762
Operating Segments [Member]
Segment Revenues:
Revenues									1,336,590	1,199,196	995,877
Segment Gross Profit:
Total gross profit									500,816	418,074	342,198
Segment identified assets:
Total assets	1,303,151				1,246,096				1,303,151	1,246,096
Operating Segments [Member] \| Equipment Rentals [Member]
Segment Revenues:
Revenues									766,354	627,181	508,121
Segment Gross Profit:
Total gross profit									346,882	273,759	213,522
Segment identified assets:
Total assets	1,217,673				1,141,498				1,217,673	1,141,498
Operating Segments [Member] \| New Equipment Sales [Member]
Segment Revenues:
Revenues									239,091	262,948	203,301
Segment Gross Profit:
Total gross profit									27,719	30,891	22,599
Operating Segments [Member] \| Used Equipment Sales [Member]
Segment Revenues:
Revenues									139,349	125,125	107,329
Segment Gross Profit:
Total gross profit									47,328	39,073	33,197
Segment identified assets:
Total assets	67,542				86,583				67,542	86,583
Operating Segments [Member] \| Parts Sales [Member]
Segment Revenues:
Revenues									123,855	120,454	114,253
Segment Gross Profit:
Total gross profit									32,892	32,191	31,118
Operating Segments [Member] \| Services Revenues [Member]
Segment Revenues:
Revenues									67,941	63,488	62,873
Segment Gross Profit:
Total gross profit									45,995	42,160	41,762
Operating Segments [Member] \| Parts and Services [Member]
Segment identified assets:
Total assets	17,936				18,015				17,936	18,015
Non-Segmented [Member]
Segment Revenues:
Revenues									11,775	39,765	34,142
Segment Gross Profit:
Total gross profit									(1,646)	20,460	$ 17,710
Segment identified assets:
Total assets	$ 671,459				$ 481,085				$ 671,459	$ 481,085

Summary of Significant Accounting Policies - Summary of Revenues, Cost of Revenues and Gross Profit as Previously Reported (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Revenues	$ 348,133	$ 352,997	$ 333,597	$ 313,638	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 1,348,365	$ 1,238,961	$ 1,030,019
Cost of revenues:
Cost of revenues									849,195	800,427	670,111
Gross profit									499,170	438,534	359,908
As Previously Reported [Member]
Revenues:
Revenues										1,238,961	1,030,019
Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										1,238,961	1,030,019
Cost of revenues:
Cost of revenues										800,427	670,111
Gross profit										438,534	359,908
Equipment Rentals [Member]
Revenues:
Revenues										627,181	508,121
Cost of revenues:
Cost of revenues										353,422	294,599
Equipment Rentals [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										592,193	479,016
Cost of revenues:
Cost of revenues										297,973	247,161
Equipment Rentals [Member] \| Accounting Standards Update 2014-09 [Member] \| Reclassification of Hauling Fees [Member]
Revenues:
Revenues										34,988	29,105
Cost of revenues:
Cost of revenues										55,449	47,438
New Equipment Sales [Member]
Revenues:
Revenues									239,091	262,948	203,301
Cost of revenues:
Cost of revenues									211,372	232,057	180,702
New Equipment Sales [Member] \| As Previously Reported [Member]
Revenues:
Revenues										262,948	203,301
New Equipment Sales [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										262,948	203,301
Cost of revenues:
Cost of revenues										232,057	180,702
Used Equipment Sales [Member]
Revenues:
Revenues									139,349	125,125	107,329
Cost of revenues:
Cost of revenues									92,021	86,052	74,132
Used Equipment Sales [Member] \| As Previously Reported [Member]
Revenues:
Revenues										125,125	107,329
Used Equipment Sales [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										125,125	107,329
Cost of revenues:
Cost of revenues										86,052	74,132
Parts Sales [Member]
Revenues:
Revenues									123,855	120,454	114,253
Cost of revenues:
Cost of revenues									90,963	88,263	83,135
Parts Sales [Member] \| As Previously Reported [Member]
Revenues:
Revenues										120,454	114,253
Parts Sales [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										120,454	114,253
Cost of revenues:
Cost of revenues										88,263	83,135
Parts and Services [Member]
Revenues:
Revenues									67,941	63,488	62,873
Cost of revenues:
Cost of revenues										21,328	21,111
Parts and Services [Member] \| As Previously Reported [Member]
Revenues:
Revenues										63,488	62,873
Parts and Services [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										63,488	62,873
Cost of revenues:
Cost of revenues										21,328	21,111
Other [Member]
Revenues:
Revenues									11,775	39,765	34,142
Cost of revenues:
Cost of revenues									$ 13,421	19,305	16,432
Other [Member] \| As Previously Reported [Member]
Revenues:
Revenues										39,765	34,142
Other [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										74,753	63,247
Other [Member] \| Accounting Standards Update 2014-09 [Member] \| Reclassification of Hauling Fees [Member]
Revenues:
Revenues										(34,988)	(29,105)
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues										208,453	169,455
Rental Depreciation [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Cost of revenues:
Cost of revenues										208,453	169,455
Rental Expense [Member]
Cost of revenues:
Cost of revenues										89,520	77,706
Rental Expense [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Cost of revenues:
Cost of revenues										89,520	77,706
Rentals Other [Member]
Cost of revenues:
Cost of revenues										55,449	47,438
Rentals Other [Member] \| Accounting Standards Update 2014-09 [Member] \| Reclassification of Hauling Fees [Member]
Cost of revenues:
Cost of revenues										55,449	47,438
Other [Member]
Cost of revenues:
Cost of revenues										19,305	16,432
Other [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Cost of revenues:
Cost of revenues										74,754	63,870
Other [Member] \| Accounting Standards Update 2014-09 [Member] \| Reclassification of Hauling Fees [Member]
Cost of revenues:
Cost of revenues										$ (55,449)	$ (47,438)

Employee Benefit Plan - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Compensation And Retirement Disclosure [Abstract]
Amount of contributions in profit - sharing plan net of employee forfeitures	$ 5.5	$ 2.5	$ 2.2

Manufacturer Flooring Plans Payable - Maturities of Manufacturer Flooring Plans Payable (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule Of Long Term Debt [Line Items]
Total	$ 25,201	$ 23,666
Manufacturer Flooring Plans Payable [Member]
Schedule Of Long Term Debt [Line Items]
2020	11,658
2021	13,369
2022	174
Total	$ 25,201

Senior Unsecured Notes (Tables)

12 Months Ended

Dec. 31, 2019

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, 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
Accretion of discount through December 31, 2019		1,539
Amortization of note premium through December 31, 2019		(1,062	)
Additional deferred financing costs on New Notes		—
Amortization of deferred financing costs through December 31, 2019		309
Balance at December 31, 2019	$	945,566

Summary of Significant Accounting Policies - Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Carrying Amount [Member] \| Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable, interest rate	5.25%	5.50%
Capital lease payable, interest rate, minimum		5.929%
Capital lease payable interest rate, maximum		9.55%
Fair Value [Member] \| Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable, interest rate	5.25%	5.50%
Capital lease payable, interest rate, minimum		5.929%
Capital lease payable interest rate, maximum		9.55%
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	2025
Senior unsecured notes, interest rate	5.625%	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	2025
Senior unsecured notes, interest rate	5.625%	5.625%

Property and Equipment - Summary of Net Property and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 287,346	$ 257,783
Less accumulated depreciation and amortization	(156,782)	(142,662)
Total net property and equipment	130,564	115,121
Land [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	7,597	7,597
Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	130,099	106,011
Building and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	69,031	63,060
Office and Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	53,597	51,758
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	18,732	17,811
Property under Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment		2,417
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 8,290	$ 9,129

Acquisitions

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Acquisitions

(3)	Acquisitions

2019 Acquisitions

Cobra Equipment Rentals, LLC (dba “We-Rent-It”)

Effective February 1, 2019, we completed the acquisition of We-Rent-It (“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). The following table summarizes the fair value of the assets acquired and liabilities assumed as of the acquisition date. The amounts presented below should not significantly change upon settlement of the final closing statement in the first quarter of 2020.

	$’s in thousands
Cash	$	1,745
Accounts receivable		5,119
Inventory		731
Prepaid expenses and other assets		544
Rental equipment		51,747
Property and equipment		3,207
Other assets		21
Intangible assets (1)		8,700
Total identifiable assets acquired		71,814
Accounts payable		(115	)
Accrued expenses payable and other liabilities		(991	)
Total liabilities assumed		(1,106	)
Net identifiable assets acquired		70,708
Goodwill (2)		37,783
Net assets acquired	$	108,491

(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	$	8,500		10
Tradenames		200		1
	$	8,700

(2)

We have allocated the $37.8 million goodwill among our six goodwill reporting units as follows (amounts in thousands):

Rental Component 1	$	14,918
Rental Component 2		19,775
New Equipment		254
Used Equipment		500
Parts		2,045
Service		291
	$	37,783

The level of goodwill that resulted from the WRI acquisition is primarily reflective of WRI’s going-concern value, the value of WRI’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 WRI acquisition costs were $0.4 million. Since our acquisition of WRI on February 1, 2019, significant amounts of equipment rental fleet have been moved between H&E locations and the acquired WRI locations, and it is impractical to reasonably estimate the amount of WRI revenues and earnings since the acquisition date.

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.

	$’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
	$	45,092

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. Since our acquisition of CEC on January 1, 2018, significant amounts of equipment rental fleet have been moved between H&E locations and the acquired CEC locations, and it is impractical to reasonably estimate the amount of CEC revenues and earnings since the acquisition date.

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 fair value of the assets acquired and liabilities assumed as of the acquisition date.

	$’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		965
	$	29,554

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. Since our acquisition of Rental Inc. on April 1, 2018, significant amounts of equipment rental fleet have been moved between H&E locations and the acquired Rental Inc. locations, and it is impractical to reasonably estimate the amount of Rental Inc. revenues and earnings since the acquisition date.

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. We completed the WRI acquisition on February 1, 2019. Therefore, our reported condensed consolidated statements for the year ended December 31, 2019 do not include WRI for the month of January 2019.

Pursuant to Topic 805, Business Combinations, pro forma disclosures should be repeated whenever the year or interim period of the acquisition is presented. 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 acquisitions. 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)
	Year Ended December 31, 2017
	H&E(1)			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 (2)		—			(3,575	)		(2,794	)		(6,369	)
Intangible asset amortization (3)		—			(2,420	)		(1,200	)		(3,620	)
Interest expense (4)		—			—			(1,609	)		(1,609	)
Elimination of merger related costs		788			4,497			—			5,285
Elimination of historic interest expense (5)		—			1,966			382			2,348
Pro forma pretax income		60,132			3,511			2,046			65,689
Income tax expense		(50,511	)		(2,949	)		(1,719	)		(55,179	)
Net income	$	110,643		$	6,460		$	3,765		$	120,868
Net income per share – basic (6)	$	3.12		$	0.18		$	0.11		$	3.40
Net income per share – diluted (6)	$	3.10		$	0.18		$	0.11		$	3.39

(1)

Amounts presented above for “H&E” are derived from the Company’s consolidated statement of income in this Annual Report on Form 10-K for the year ended December 31, 2017.

(2)

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.

(3)

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

(4)

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.

(5)

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

(6)

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

The pro forma information below gives effect to the Rental Inc. and WRI acquisitions as if they had been completed on January 1, 2018 (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 acquisitions. The unaudited tables below present unaudited pro forma consolidated statements of income information for the year December 31, 2018 as if Rental Inc. and WRI were included in our consolidated results for the entire period presented.

	(amounts in thousands, except per share data)
	Year Ended December 31, 2018
	H&E(1)		Rental Inc.(7)			We-Rent-It			Total
Total revenues	$	1,238,961	$	7,408		$	36,002		$	1,282,371
Pretax income		104,663		1,020			6,892			112,575
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation (2)		—		(749	)		(4,452	)		(5,201	)
Intangible asset amortization (3)		—		(300	)		(1,050	)		(1,350	)
Interest expense (4)		—		(480	)		(5,664	)		(6,144	)
Elimination of historic interest expense (5)		—		82			517			599
Pro forma pretax income (loss)		104,663		(427	)		(3,757	)		100,479
Income tax expense (benefit)		28,040		(114	)		(973	)		26,953
Net income (loss)	$	76,623	$	(313	)	$	(2,784	)	$	73,526
Net income (loss) per share – basic (6)	$	2.15	$	(0.01	)	$	(0.08	)	$	2.05
Net income (loss) per share – diluted (6)	$	2.13	$	(0.01	)	$	(0.08	)	$	2.04

(1)

Amounts presented above for “H&E” are derived from the Company’s consolidated statement of income 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.

(2)

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.

(3)

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

(4)

Interest expense was adjusted to reflect the additional debt resulting from the acquisition.

(5)

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

(6)

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

(7)

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.

Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Summary of Lease Costs, Under Topic 842, for Operating and Finance Leases

The table below presents certain information related to lease costs, under Topic 842, for our operating and finance leases for the years ended December 31, (in thousands).

	Classification	Year Ended December 31, 2019
Operating lease cost	SG&A expenses	$	22,293
Finance lease costs
Amortization of leased assets	SG&A expenses		162
Interest on lease liabilities	Interest expense		39
Variable lease cost	SG&A expenses		523
Sublease income	Other income		(567	)
Total lease cost		$	22,450

Schedule of Supplemental Cash Flow Information Related to Leases

The table below presents supplemental cash flow information related to leases for the year ended December 31, 2019 (in thousands).

	Year Ended December 31, 2019
Cash paid for amounts included in the measurements of lease liabilities:
Operating cash flows for operating leases	$	21,720
Operating cash flows for finance leases		39
Finance cash flows for finance leases		232

Summary of Undiscounted Cash Flows and Operating Lease Liabilities Recorded on Consolidated Balance Sheet

	Operating Leases			Finance Leases
2020	$	21,697		$	270
2021		21,672			270
2022		21,508			45
2023		21,506			—
2024		21,740			—
Thereafter		114,792			—
Total minimum lease payments		222,915			585
Less: amount of lease payments representing interest		(63,650	)		(35	)
Present value of future minimum lease payments	$	159,265		$	550

Senior Secured Credit Facility - Additional Information (Detail) - USD ($)				12 Months Ended
	Feb. 01, 2019	Dec. 22, 2017	Dec. 21, 2017	Dec. 31, 2019	Feb. 18, 2020	Dec. 31, 2018
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				$ 750,000,000.0
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 December 22, 2022 to January 31, 2024			extended the maturity date of the credit facility from May 21, 2019 to December 22, 2022
Debt instrument maturity date	Jan. 31, 2024	Dec. 22, 2022	May 21, 2019
Uncommitted incremental revolving capacity		$ 250,000,000	$ 150,000,000
Outstanding letters of credit				$ 216,900,000
Available borrowings under our senior secured credit facility				$ 525,400,000
Revolving Credit Facility [Member] \| Subsequent Event [Member]
Debt Instrument [Line Items]
Outstanding letters of credit					$ 7,700,000
Available borrowings under our senior secured credit facility					$ 559,400,000
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	0.75%			1.00%
Revolving Credit Facility [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Applicable margin Percentage	1.75%			2.00%
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	0.25%			0.50%
Revolving Credit Facility [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Applicable margin Percentage	1.25%			1.50%
Letter of Credit Sub-Facility, and Guaranty [Member]
Debt Instrument [Line Items]
Existing credit facility with its lenders	$ 30,000,000

Manufacturer Flooring Plans Payable - Additional Information (Detail) - Manufacturer Flooring Plans Payable [Member]	Dec. 31, 2019
Schedule Of Long Term Debt [Line Items]
Debt instrument interest rate, minimum	0.00%
Debt instrument interest rate, maximum	4.75%

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

We-Rent-It [Member]

Business Acquisition [Line Items]

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the assets acquired and liabilities assumed as of the acquisition date. The amounts presented below should not significantly change upon settlement of the final closing statement in the first quarter of 2020.

	$’s in thousands
Cash	$	1,745
Accounts receivable		5,119
Inventory		731
Prepaid expenses and other assets		544
Rental equipment		51,747
Property and equipment		3,207
Other assets		21
Intangible assets (1)		8,700
Total identifiable assets acquired		71,814
Accounts payable		(115	)
Accrued expenses payable and other liabilities		(991	)
Total liabilities assumed		(1,106	)
Net identifiable assets acquired		70,708
Goodwill (2)		37,783
Net assets acquired	$	108,491

(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	$	8,500		10
Tradenames		200		1
	$	8,700

(2)

We have allocated the $37.8 million goodwill among our six goodwill reporting units as follows (amounts in thousands):

Rental Component 1	$	14,918
Rental Component 2		19,775
New Equipment		254
Used Equipment		500
Parts		2,045
Service		291
	$	37,783

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.

	$’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
	$	45,092

Rental Inc [Member]

Business Acquisition [Line Items]

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the assets acquired and liabilities assumed as of the acquisition date.

	$’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		965
	$	29,554

CEC and Rental Inc [Member]

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)
	Year Ended December 31, 2017
	H&E(1)			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 (2)		—			(3,575	)		(2,794	)		(6,369	)
Intangible asset amortization (3)		—			(2,420	)		(1,200	)		(3,620	)
Interest expense (4)		—			—			(1,609	)		(1,609	)
Elimination of merger related costs		788			4,497			—			5,285
Elimination of historic interest expense (5)		—			1,966			382			2,348
Pro forma pretax income		60,132			3,511			2,046			65,689
Income tax expense		(50,511	)		(2,949	)		(1,719	)		(55,179	)
Net income	$	110,643		$	6,460		$	3,765		$	120,868
Net income per share – basic (6)	$	3.12		$	0.18		$	0.11		$	3.40
Net income per share – diluted (6)	$	3.10		$	0.18		$	0.11		$	3.39

(1)

Amounts presented above for “H&E” are derived from the Company’s consolidated statement of income in this Annual Report on Form 10-K for the year ended December 31, 2017.

(2)

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.

(3)

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

(4)

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.

(5)

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

(6)

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

	(amounts in thousands, except per share data)
	Year Ended December 31, 2018
	H&E(1)		Rental Inc.(7)			We-Rent-It			Total
Total revenues	$	1,238,961	$	7,408		$	36,002		$	1,282,371
Pretax income		104,663		1,020			6,892			112,575
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation (2)		—		(749	)		(4,452	)		(5,201	)
Intangible asset amortization (3)		—		(300	)		(1,050	)		(1,350	)
Interest expense (4)		—		(480	)		(5,664	)		(6,144	)
Elimination of historic interest expense (5)		—		82			517			599
Pro forma pretax income (loss)		104,663		(427	)		(3,757	)		100,479
Income tax expense (benefit)		28,040		(114	)		(973	)		26,953
Net income (loss)	$	76,623	$	(313	)	$	(2,784	)	$	73,526
Net income (loss) per share – basic (6)	$	2.15	$	(0.01	)	$	(0.08	)	$	2.05
Net income (loss) per share – diluted (6)	$	2.13	$	(0.01	)	$	(0.08	)	$	2.04

(1)

(2)

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.

(3)

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

(4)

Interest expense was adjusted to reflect the additional debt resulting from the acquisition.

(5)

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

(6)

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

(7)

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.

Inventories

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventories

(5)	Inventories

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

	2019		2018
New equipment	$	65,549	$	84,603
Used equipment		1,993		1,980
Parts, supplies and other		17,936		18,015
Total inventories, net	$	85,478	$	104,598

The above amounts are presented net of reserves for inventory obsolescence at December 31, 2019 and 2018 totaling approximately $0.3 million and $0.4 million, respectively.

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, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Revenues	$ 348,133	$ 352,997	$ 333,597	$ 313,638	$ 345,974	$ 322,141	$ 310,364	$ 260,482	$ 1,348,365	$ 1,238,961	$ 1,030,019
As Previously Reported [Member]
Revenues:
Revenues										1,238,961	1,030,019
Adoption of Topic 842
Revenues:
Revenues									725,187
Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues									623,178	626,409	535,250
Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										1,238,961	1,030,019
Topic 840 [Member]
Revenues:
Revenues										612,552	494,769
Rental Revenues [Member] \| Owned Equipment Rentals [Member]
Revenues:
Revenues									669,205
Rental Revenues [Member] \| Owned Equipment Rentals [Member] \| As Previously Reported [Member]
Revenues:
Revenues										569,746	461,609
Rental Revenues [Member] \| Owned Equipment Rentals [Member] \| Adoption of Topic 842
Revenues:
Revenues									668,087
Rental Revenues [Member] \| Owned Equipment Rentals [Member] \| Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues									1,118	1,334	2,038
Rental Revenues [Member] \| Owned Equipment Rentals [Member] \| Topic 840 [Member]
Revenues:
Revenues										568,412	459,571
Rental Revenues [Member] \| Re Rent Revenues [Member]
Revenues:
Revenues									25,342
Rental Revenues [Member] \| Re Rent Revenues [Member] \| As Previously Reported [Member]
Revenues:
Revenues										22,447	17,407
Rental Revenues [Member] \| Re Rent Revenues [Member] \| Adoption of Topic 842
Revenues:
Revenues									25,342
Rental Revenues [Member] \| Re Rent Revenues [Member] \| Topic 840 [Member]
Revenues:
Revenues										22,447	17,407
Ancillary And Other Rental Revenues [Member]
Revenues:
Revenues									71,807
Ancillary And Other Rental Revenues [Member] \| As Previously Reported [Member]
Revenues:
Revenues										34,988	29,105
Ancillary And Other Rental Revenues [Member] \| Adoption of Topic 842
Revenues:
Revenues									31,758
Ancillary And Other Rental Revenues [Member] \| Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues									40,049	34,988	29,105
Ancillary And Other Rental Revenues [Member] \| Delivery and Pick-up [Member]
Revenues:
Revenues									40,049
Ancillary And Other Rental Revenues [Member] \| Delivery and Pick-up [Member] \| As Previously Reported [Member]
Revenues:
Revenues										34,988	29,105
Ancillary And Other Rental Revenues [Member] \| Delivery and Pick-up [Member] \| Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues									40,049	34,988	29,105
Ancillary And Other Rental Revenues [Member] \| Other [Member]
Revenues:
Revenues									31,758
Ancillary And Other Rental Revenues [Member] \| Other [Member] \| Adoption of Topic 842
Revenues:
Revenues									31,758
Total Equipment Rental Revenues [Member]
Revenues:
Revenues									766,354
Total Equipment Rental Revenues [Member] \| As Previously Reported [Member]
Revenues:
Revenues										627,181	508,121
Total Equipment Rental Revenues [Member] \| Adoption of Topic 842
Revenues:
Revenues									725,187
Total Equipment Rental Revenues [Member] \| Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues									41,167	36,322	31,143
Total Equipment Rental Revenues [Member] \| Topic 840 [Member]
Revenues:
Revenues										590,859	476,978
New Equipment Sales [Member]
Revenues:
Revenues									239,091	262,948	203,301
New Equipment Sales [Member] \| As Previously Reported [Member]
Revenues:
Revenues										262,948	203,301
New Equipment Sales [Member] \| Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues									239,091	262,948	203,301
New Equipment Sales [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										262,948	203,301
Used Equipment Sales [Member]
Revenues:
Revenues									139,349	125,125	107,329
Used Equipment Sales [Member] \| As Previously Reported [Member]
Revenues:
Revenues										125,125	107,329
Used Equipment Sales [Member] \| Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues									139,349	125,125	107,329
Used Equipment Sales [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										125,125	107,329
Parts Sales [Member]
Revenues:
Revenues									123,855	120,454	114,253
Parts Sales [Member] \| As Previously Reported [Member]
Revenues:
Revenues										120,454	114,253
Parts Sales [Member] \| Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues									123,855	120,454	114,253
Parts Sales [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										120,454	114,253
Parts and Services [Member]
Revenues:
Revenues									67,941	63,488	62,873
Parts and Services [Member] \| As Previously Reported [Member]
Revenues:
Revenues										63,488	62,873
Parts and Services [Member] \| Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues									67,941	63,488	62,873
Parts and Services [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										63,488	62,873
Other [Member]
Revenues:
Revenues									11,775	39,765	34,142
Other [Member] \| As Previously Reported [Member]
Revenues:
Revenues										39,765	34,142
Other [Member] \| Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues									$ 11,775	18,072	16,351
Other [Member] \| Accounting Standards Update 2014-09 [Member] \| As Previously Reported [Member]
Revenues:
Revenues										74,753	63,247
Other [Member] \| Topic 840 [Member]
Revenues:
Revenues										$ 21,693	$ 17,791

Income Taxes - Income Tax Provision (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
U.S. Federal, Current	$ (761)	$ (1,523)
U.S. Federal, Deferred	25,134	23,127	$ (54,241)
U.S. Federal, Total	24,373	21,604	(54,241)
State, Current	2,398	2,868	221
State, Deferred	1,879	3,568	3,706
State, Total	4,277	6,436	3,927
Current, Total	1,637	1,345	221
Deferred, Total	27,013	26,695	(50,535)
Total	$ 28,650	$ 28,040	$ (50,314)

Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income		$ 87,211,000	$ 76,623,000	$ 109,658,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		28,425,000	24,593,000	23,790,000
Depreciation on rental equipment		243,780,000	208,453,000	169,455,000
Amortization of intangible assets		4,132,000	3,320,000	0
Amortization of deferred financing costs		1,010,000	1,083,000	1,046,000
Accretion of note discount, net of premium amortization		477,000	477,000	274,000
Non-cash operating lease expense		11,680,000
Amortization of finance lease right-of-use assets		163,000
Provision for losses on accounts receivable		5,793,000	2,741,000	3,932,000
Provision for inventory obsolescence		152,000	122,000	161,000
Deferred income taxes		27,013,000	26,695,000	(50,535,000)
Impairment of goodwill	$ 12,200,000	12,184,000
Stock-based compensation expense		4,670,000	4,214,000	3,526,000
Loss on early extinguishment of debt				25,363,000
Gain from sales of property and equipment, net		(4,617,000)	(7,118,000)	(5,009,000)
Gain from sales of rental equipment, net		(46,613,000)	(38,352,000)	(31,882,000)
Changes in operating assets and liabilities, net of acquisitions:
Receivables		9,222,000	(17,761,000)	(40,012,000)
Inventories		(19,637,000)	(48,230,000)	(31,771,000)
Prepaid expenses and other assets		267,000	(965,000)	(1,659,000)
Accounts payable		(43,358,000)	6,994,000	50,349,000
Manufacturer flooring plans payable		1,535,000	1,664,000	(8,778,000)
Accrued expenses payable and other liabilities		(4,380,000)	2,572,000	8,230,000
Deferred compensation payable		109,000	86,000	61,000
Net cash provided by operating activities		319,218,000	247,211,000	226,199,000
Cash flows from investing activities:
Acquisition of business, net of cash acquired		(106,746,000)	(196,027,000)
Purchases of property and equipment		(43,111,000)	(34,960,000)	(22,515,000)
Purchases of rental equipment		(309,654,000)	(416,600,000)	(234,209,000)
Proceeds from sales of property and equipment		6,050,000	9,261,000	7,506,000
Proceeds from sales of rental equipment		127,558,000	112,086,000	96,143,000
Net cash used in investing activities		(325,903,000)	(526,240,000)	(153,075,000)
Cash flows from financing activities:
Purchases of treasury stock		(1,684,000)	(1,350,000)	(783,000)
Borrowings on senior secured credit facility		1,457,744,000	1,436,849,000	1,193,544,000
Payments on senior secured credit facility		(1,411,626,000)	(1,266,088,000)	(1,356,186,000)
Dividends paid		(39,388,000)	(39,274,000)	(39,172,000)
Principal payments on senior unsecured notes due 2022				(630,000,000)
Costs paid to tender and redeem senior unsecured notes due 2022				(23,336,000)
Proceeds from issuance of senior unsecured notes due 2025				958,500,000
Payments of deferred financing costs		(559,000)	(97,000)	(17,278,000)
Payments of finance lease obligations		(232,000)
Payments of capital lease obligations			(212,000)	(218,000)
Net cash provided by financing activities		4,255,000	129,828,000	85,071,000
Net increase (decrease) in cash		(2,430,000)	(149,201,000)	158,195,000
Cash, beginning of year		16,677,000	165,878,000	7,683,000
Cash, end of year	14,247,000	14,247,000	16,677,000	165,878,000
Reportable Legal Entities [Member] \| H & E Equipment Services [Member]
Cash flows from operating activities:
Net income		87,211,000	76,623,000	109,658,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		25,058,000	21,570,000	20,742,000
Depreciation on rental equipment		211,252,000	178,371,000	140,489,000
Amortization of intangible assets		4,132,000	3,320,000
Amortization of deferred financing costs		1,010,000	1,083,000	1,046,000
Accretion of note discount, net of premium amortization		477,000	477,000	274,000
Non-cash operating lease expense		10,306,000
Provision for losses on accounts receivable		5,382,000	2,065,000	3,148,000
Provision for inventory obsolescence		152,000	122,000	161,000
Deferred income taxes		27,013,000	26,695,000	(50,535,000)
Impairment of goodwill		12,184,000
Stock-based compensation expense		4,670,000	4,214,000	3,526,000
Loss on early extinguishment of debt				25,363,000
Gain from sales of property and equipment, net		(3,957,000)	(6,475,000)	(2,435,000)
Gain from sales of rental equipment, net		(39,102,000)	(31,595,000)	(24,063,000)
Equity in earnings of guarantor subsidiaries		(15,441,000)	(13,247,000)	(16,136,000)
Changes in operating assets and liabilities, net of acquisitions:
Receivables		2,414,000	(19,346,000)	(29,083,000)
Inventories		(21,121,000)	(45,349,000)	(23,221,000)
Prepaid expenses and other assets		274,000	(981,000)	(1,687,000)
Accounts payable		(40,012,000)	11,990,000	42,623,000
Manufacturer flooring plans payable		2,023,000	2,878,000	(10,599,000)
Accrued expenses payable and other liabilities		(3,597,000)	4,176,000	8,660,000
Deferred compensation payable		109,000	86,000	61,000
Net cash provided by operating activities		270,437,000	216,677,000	197,992,000
Cash flows from investing activities:
Acquisition of business, net of cash acquired		(106,746,000)	(196,027,000)
Purchases of property and equipment		(36,824,000)	(26,903,000)	(17,852,000)
Purchases of rental equipment		(272,015,000)	(362,780,000)	(198,988,000)
Proceeds from sales of property and equipment		5,276,000	8,617,000	3,528,000
Proceeds from sales of rental equipment		107,127,000	92,014,000	74,090,000
Investment in subsidiaries		26,001,000	(10,845,000)	14,128,000
Net cash used in investing activities		(277,181,000)	(495,924,000)	(125,094,000)
Cash flows from financing activities:
Purchases of treasury stock		(1,684,000)	(1,350,000)	(783,000)
Borrowings on senior secured credit facility		1,457,744,000	1,436,849,000	1,193,544,000
Payments on senior secured credit facility		(1,411,626,000)	(1,266,088,000)	(1,356,186,000)
Dividends paid		(39,381,000)	(39,268,000)	(39,164,000)
Principal payments on senior unsecured notes due 2022				(630,000,000)
Costs paid to tender and redeem senior unsecured notes due 2022				(23,336,000)
Proceeds from issuance of senior unsecured notes due 2025				958,500,000
Payments of deferred financing costs		(559,000)	(97,000)	(17,278,000)
Payments of finance lease obligations		(56,000)
Net cash provided by financing activities		4,438,000	130,046,000	85,297,000
Net increase (decrease) in cash		(2,306,000)	(149,201,000)	158,195,000
Cash, beginning of year		16,677,000	165,878,000	7,683,000
Cash, end of year	14,371,000	14,371,000	16,677,000	165,878,000
Reportable Legal Entities [Member] \| Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net income		15,441,000	13,247,000	16,136,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment		3,367,000	3,023,000	3,048,000
Depreciation on rental equipment		32,528,000	30,082,000	28,966,000
Non-cash operating lease expense		1,374,000
Amortization of finance lease right-of-use assets		163,000
Provision for losses on accounts receivable		411,000	676,000	784,000
Gain from sales of property and equipment, net		(660,000)	(643,000)	(2,574,000)
Gain from sales of rental equipment, net		(7,511,000)	(6,757,000)	(7,819,000)
Changes in operating assets and liabilities, net of acquisitions:
Receivables		6,808,000	1,585,000	(10,929,000)
Inventories		1,484,000	(2,881,000)	(8,550,000)
Prepaid expenses and other assets		(7,000)	16,000	28,000
Accounts payable		(3,346,000)	(4,996,000)	7,726,000
Manufacturer flooring plans payable		(488,000)	(1,214,000)	1,821,000
Accrued expenses payable and other liabilities		(783,000)	(1,604,000)	(430,000)
Net cash provided by operating activities		48,781,000	30,534,000	28,207,000
Cash flows from investing activities:
Purchases of property and equipment		(6,287,000)	(8,057,000)	(4,663,000)
Purchases of rental equipment		(37,639,000)	(53,820,000)	(35,221,000)
Proceeds from sales of property and equipment		774,000	644,000	3,978,000
Proceeds from sales of rental equipment		20,431,000	20,072,000	22,053,000
Net cash used in investing activities		(22,721,000)	(41,161,000)	(13,853,000)
Cash flows from financing activities:
Dividends paid		(7,000)	(6,000)	(8,000)
Payments of finance lease obligations		(176,000)
Payments of capital lease obligations			(212,000)	(218,000)
Capital contributions		(26,001,000)	10,845,000	(14,128,000)
Net cash provided by financing activities		(26,184,000)	10,627,000	(14,354,000)
Net increase (decrease) in cash		(124,000)
Cash, end of year	$ (124,000)	(124,000)
Elimination [Member]
Cash flows from operating activities:
Net income		(15,441,000)	(13,247,000)	(16,136,000)
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of guarantor subsidiaries		15,441,000	13,247,000	16,136,000
Cash flows from investing activities:
Investment in subsidiaries		(26,001,000)	10,845,000	(14,128,000)
Net cash used in investing activities		(26,001,000)	10,845,000	(14,128,000)
Cash flows from financing activities:
Capital contributions		26,001,000	(10,845,000)	14,128,000
Net cash provided by financing activities		$ 26,001,000	$ (10,845,000)	$ 14,128,000

Leases - Summary of Supplemental Cash Flow Information Related to Leases (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($)
Cash paid for amounts included in the measurements of lease liabilities:
Operating cash flows for operating leases	$ 21,720
Operating cash flows for finance leases	39
Finance cash flows for finance leases	$ 232