Segment Information

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Information

(11) Segment Information

We have identified five reportable segments: equipment rentals, used equipment sales, new equipment sales, parts sales and services revenues. These segments are based upon revenue streams and how management of the Company allocates resources and assesses performance. Our non-segmented revenues and costs relate primarily to ancillary charges associated with equipment maintenance and repair services, and are not generally allocated to 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 reportable segments.

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

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2022			2021		2022			2021
Segment Revenues:
Equipment rentals	$	227,577		$	175,611	$	426,802		$	328,830
Used equipment sales		18,833			35,821		40,359			74,675
New equipment sales		21,486			27,633		47,522			50,806
Parts sales		16,172			16,880		32,231			32,436
Services revenues		8,889			8,059		17,023			16,070
Total segmented revenues		292,957			264,004		563,937			502,817
Non-segmented revenues		1,714			1,673		3,184			3,292
Total revenues	$	294,671		$	265,677	$	567,121		$	506,109
Segment Gross Profit:
Equipment rentals	$	110,601		$	73,199	$	200,133		$	131,406
Used equipment sales		8,962			13,138		17,940			25,632
New equipment sales		3,215			3,402		6,922			6,176
Parts sales		4,340			4,527		8,695			8,930
Services revenues		5,746			5,481		11,066			10,877
Total segmented gross profit		132,864			99,747		244,756			183,021
Non-segmented gross profit (loss)		(530	)		73		(842	)		211
Total gross profit	$	132,334		$	99,820	$	243,914		$	183,232

	Balances at
	June 30,		December 31,
	2022		2021
Segment identified assets:
Equipment sales	$	107,198	$	62,652
Equipment rentals		1,190,778		1,116,456
Parts and services		14,850		12,647
Total segment identified assets		1,312,826		1,191,755
Non-segment identified assets		859,596		888,692
Total assets	$	2,172,422	$	2,080,447

The Company operates primarily in the United States and our sales to international customers for the three months ended June 30, 2022 and 2021 were 0.1% and 0.2% of total revenues, respectively, and for the six months ended June 30, 2022 and 2021 were 0.5% and 0.2% of total revenues, respectively. No one customer accounted for more than 10% of our revenues on an overall or segment basis for any of the periods presented.