XML 37 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Feb. 28, 2015
Feb. 28, 2014
Feb. 28, 2015
Feb. 28, 2014
Revenues:        
Rentals and leases $ 30,252elrc_RentalsAndLeases $ 32,485elrc_RentalsAndLeases $ 97,610elrc_RentalsAndLeases $ 103,347elrc_RentalsAndLeases
Sales of equipment and other revenues 26,090us-gaap_OtherSalesRevenueNet 29,531us-gaap_OtherSalesRevenueNet 80,306us-gaap_OtherSalesRevenueNet 76,713us-gaap_OtherSalesRevenueNet
Total revenues 56,342us-gaap_Revenues [1] 62,016us-gaap_Revenues [1] 177,916us-gaap_Revenues [1] 180,060us-gaap_Revenues [1]
Operating expenses:        
Depreciation of rental and lease equipment 13,844us-gaap_CostOfServicesDepreciation 14,361us-gaap_CostOfServicesDepreciation 42,429us-gaap_CostOfServicesDepreciation 42,975us-gaap_CostOfServicesDepreciation
Costs of rentals and leases, excluding depreciation 4,544elrc_CostsOfRentalAndLeaseEquipmentExcludingDepreciation 4,493elrc_CostsOfRentalAndLeaseEquipmentExcludingDepreciation 13,665elrc_CostsOfRentalAndLeaseEquipmentExcludingDepreciation 14,103elrc_CostsOfRentalAndLeaseEquipmentExcludingDepreciation
Costs of sales of equipment and other revenues 19,598us-gaap_CostOfGoodsSold 21,583us-gaap_CostOfGoodsSold 60,161us-gaap_CostOfGoodsSold 54,800us-gaap_CostOfGoodsSold
Selling, general and administrative expenses 14,692us-gaap_SellingGeneralAndAdministrativeExpense 14,394us-gaap_SellingGeneralAndAdministrativeExpense 44,311us-gaap_SellingGeneralAndAdministrativeExpense 43,299us-gaap_SellingGeneralAndAdministrativeExpense
Total operating expenses 52,678us-gaap_CostsAndExpenses 54,831us-gaap_CostsAndExpenses 160,566us-gaap_CostsAndExpenses 155,177us-gaap_CostsAndExpenses
Operating profit 3,664us-gaap_OperatingIncomeLoss 7,185us-gaap_OperatingIncomeLoss 17,350us-gaap_OperatingIncomeLoss 24,883us-gaap_OperatingIncomeLoss
Interest income, net 82us-gaap_InterestIncomeExpenseNet 106us-gaap_InterestIncomeExpenseNet 264us-gaap_InterestIncomeExpenseNet 275us-gaap_InterestIncomeExpenseNet
Other income 0us-gaap_OtherIncome 0us-gaap_OtherIncome 1,390us-gaap_OtherIncome 0us-gaap_OtherIncome
Income before income taxes 3,746us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 7,291us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 19,004us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 25,158us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax provision 1,321us-gaap_IncomeTaxExpenseBenefit 2,754us-gaap_IncomeTaxExpenseBenefit 7,013us-gaap_IncomeTaxExpenseBenefit 9,343us-gaap_IncomeTaxExpenseBenefit
Net income $ 2,425us-gaap_NetIncomeLoss $ 4,537us-gaap_NetIncomeLoss $ 11,991us-gaap_NetIncomeLoss $ 15,815us-gaap_NetIncomeLoss
Earnings per share:        
Basic (in dollars per share) $ 0.10us-gaap_EarningsPerShareBasic $ 0.19us-gaap_EarningsPerShareBasic $ 0.49us-gaap_EarningsPerShareBasic $ 0.65us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.10us-gaap_EarningsPerShareDiluted $ 0.19us-gaap_EarningsPerShareDiluted $ 0.49us-gaap_EarningsPerShareDiluted $ 0.65us-gaap_EarningsPerShareDiluted
Shares used in per share calculation:        
Basic (in shares) 24,377us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 24,334us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 24,355us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 24,320us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 24,377us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 24,367us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 24,355us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 24,349us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Cash dividend declared per share (in dollars per share) $ 0.20us-gaap_CommonStockDividendsPerShareDeclared $ 0.20us-gaap_CommonStockDividendsPerShareDeclared $ 0.60us-gaap_CommonStockDividendsPerShareDeclared $ 0.60us-gaap_CommonStockDividendsPerShareDeclared
[1] Revenues by country are based on the shipping destination.