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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Rental revenues $ 84,820 $ 83,497 $ 158,961 $ 152,626
Equipment sales 6,174 5,467 12,961 10,794
Parts and service 3,233 3,398 6,391 6,675
Total revenues 94,227 92,362 178,313 170,095
Cost of revenues        
Cost of equipment sold 4,058 2,981 8,390 6,119
Depreciation of rental equipment 21,213 18,302 40,727 36,489
Cost of rental revenues 19,511 19,308 37,370 37,624
Cost of parts and service 1,807 2,051 3,570 4,094
Total cost of revenues 46,589 42,642 90,057 84,326
Gross profit 47,638 49,720 88,256 85,769
Other operating expenses        
Selling, general and administrative expenses 22,468 20,276 44,758 40,372
Other depreciation and amortization 2,657 2,462 5,118 4,708
Transaction bonus 0 24,506 0 24,506
Total other operating expenses 25,125 47,244 49,876 69,586
Income from operations 22,513 2,476 38,380 16,183
Other (income) expenses        
Interest expense 10,753 8,316 21,267 15,119
Adjustment to tax receivable agreement (3,408) 0 (2,887) 0
Loss on extinguishment of debt 0 (15,896) 0 (15,896)
Gain on interest rate swap (1,007) 0 (119) 0
Amortization of debt issue costs 381 1,012 752 2,339
Total other (income) expenses 6,719 25,224 19,013 33,354
Income (loss) before income taxes 15,794 (22,748) 19,367 (17,171)
Provision for income taxes (1,100) (119) (1,345) (238)
Net income (loss) 14,694 (22,867) 18,022 (17,409)
Less: net income (loss) attributable to non-controlling interest 7,275 (22,867) 9,674 (17,409)
Net income attributable to Neff Corporation $ 7,419 $ 0 $ 8,348 $ 0
Common Class A        
Net income attributable to Neff Corporation per share of Class A common stock (in dollars per share)        
Basic $ 0.71   $ 0.80  
Diluted $ 0.62   $ 0.69  
Weighted average shares of Class A common stock outstanding (in shares)        
Basic 10,482   10,479  
Diluted 12,036   12,033