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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
In accordance with rules adopted by the SEC, we provide the following disclosure regarding executive Compensation Actually Paid (“CAP”) (as calculated in accordance with SEC rules) and certain Company performance for the fiscal years listed below. See
“Executive Compensation”
in this Proxy Statement for a complete description of how executive compensation relates to Company performance and how the Compensation Committee makes its decisions.
 
                           
Year-end value of $100

 invested on 12/31/2019 in: 
             
Year
 
Summary
Compensation
Table Total for
Joseph Hanna
$
   
Compensation
Actually Paid
to Joseph
Hanna
(1)(2)(3)

$
   
Average
Summary
Compensation
Table Total for
Non-CEO

NEOs
(4)

$
   
Average
Compensation
Actually Paid
to
Non-CEO

NEOs
(1)(2)(3)(4)
$
   
MGRC
$
   
S&P 500
Industrials
Index
$
   
Net Income
(in millions)
$
   
Pre-Tax

Income
(in
millions)
$
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
 2023
    4,771,898       8,501,597       1,249,999       1,755,679       171.19       165.61       174.6       151.2  
 2022
    3,121,167       4,871,184       1,029,825       1,480,971       138.60       126.96       115.1       150.0  
 2021
    3,261,680       4,386,308       969,855       1,277,750       110.16       157.53       89.7       121.8  
 2020
    2,668,399       1,108,518       857,107       360,892       90.05       123.17       102.0       132.0  
 
(1)
Deductions from, and additions to, total compensation in the
“Summary Compensation Table”
by year to calculate CAP include:
 
    
2023
    
 
 
    
Joseph Hanna
    
Average
Non-CEO

NEOs
 
Total Compensation from Summary Compensation Table
   $   4,771,898      $   1,249,999  
Adjustments for Pension
     
Adjustment Summary Compensation Table Pension
   $ -      $ -  
Amount added for current year service cost
   $ -      $ -  
Amount added for prior service cost impacting current year
   $ -      $ -  
  
 
 
    
 
 
 
Total Adjustments for Pension
  
$
-
 
  
$
-
 
Adjustments for Equity Awards
     
Adjustment for grant date values in the Summary Compensation Table
   $ 2,700,334      $ 510,338  
Year-end
fair value of unvested awards granted in the current year
   $ 4,600,430      $ 762,488  
Year-over-year difference of
year-end
fair values for unvested awards granted in prior years
   $ 969,825      $ 169,598  
Fair values at vest date for awards granted and vested in current year
   $ -      $ -  
Difference in fair values between prior
year-end
fair values and vest date fair values for awards granted in prior years
   $ 709,030      $ 89,940  
Forfeitures during current year equal to prior
year-end
fair value
   $ -      $ 34,213  
Dividends or dividend equivalents not otherwise included in total compensation
   $ 150,748      $ 28,206  
  
 
 
    
 
 
 
Total Adjustments for Equity Awards
  
$
6,430,033
 
  
$
1,016,018
 
Compensation Actually Paid (as calculated)
  
$
8,501,597
  
$
1,755,679
 
     
 
(2)
The assumptions used in calculating the fair value of the equity awards did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table, except that as of the end of 2023, the fair value calculations of the PSUs
 
granted in 2021 and 2022 assumed a payout at maximum, and the PSUs granted in 2023 assumed a payout between target and maximum, in each case as compared to the grant date fair value calculations which assumed a payout at target.
 
(3)
Non-CEO
NEOs reflect the average
“Summary Compensation Table”
total compensation and average CAP for the following executives by year:
2023: Pratt, Keith; Hawkins, Philip; Malek, Gilda; Van Trease, Kristina
2022: Pratt, Keith; Hawkins, Philip; Craft, Melodie; Van Trease, Kristina
2021: Pratt, Keith; Hawkins, Philip; Lieffrig, John; Craft, Melodie
2020: Pratt, Keith; Hawkins, Philip; Craft, Melodie; Van Trease, Kristina
     
Company Selected Measure Name Pre-TaxIncome      
Named Executive Officers, Footnote
(3)
Non-CEO
NEOs reflect the average
“Summary Compensation Table”
total compensation and average CAP for the following executives by year:
2023: Pratt, Keith; Hawkins, Philip; Malek, Gilda; Van Trease, Kristina
2022: Pratt, Keith; Hawkins, Philip; Craft, Melodie; Van Trease, Kristina
2021: Pratt, Keith; Hawkins, Philip; Lieffrig, John; Craft, Melodie
2020: Pratt, Keith; Hawkins, Philip; Craft, Melodie; Van Trease, Kristina
     
PEO Total Compensation Amount $ 4,771,898 $ 3,121,167 $ 3,261,680 $ 2,668,399
PEO Actually Paid Compensation Amount $ 8,501,597 4,871,184 4,386,308 1,108,518
Adjustment To PEO Compensation, Footnote
(1)
Deductions from, and additions to, total compensation in the
“Summary Compensation Table”
by year to calculate CAP include:
 
    
2023
    
 
 
    
Joseph Hanna
    
Average
Non-CEO

NEOs
 
Total Compensation from Summary Compensation Table
   $   4,771,898      $   1,249,999  
Adjustments for Pension
     
Adjustment Summary Compensation Table Pension
   $ -      $ -  
Amount added for current year service cost
   $ -      $ -  
Amount added for prior service cost impacting current year
   $ -      $ -  
  
 
 
    
 
 
 
Total Adjustments for Pension
  
$
-
 
  
$
-
 
Adjustments for Equity Awards
     
Adjustment for grant date values in the Summary Compensation Table
   $ 2,700,334      $ 510,338  
Year-end
fair value of unvested awards granted in the current year
   $ 4,600,430      $ 762,488  
Year-over-year difference of
year-end
fair values for unvested awards granted in prior years
   $ 969,825      $ 169,598  
Fair values at vest date for awards granted and vested in current year
   $ -      $ -  
Difference in fair values between prior
year-end
fair values and vest date fair values for awards granted in prior years
   $ 709,030      $ 89,940  
Forfeitures during current year equal to prior
year-end
fair value
   $ -      $ 34,213  
Dividends or dividend equivalents not otherwise included in total compensation
   $ 150,748      $ 28,206  
  
 
 
    
 
 
 
Total Adjustments for Equity Awards
  
$
6,430,033
 
  
$
1,016,018
 
Compensation Actually Paid (as calculated)
  
$
8,501,597
  
$
1,755,679
 
     
     
Non-PEO NEO Average Total Compensation Amount $ 1,249,999 1,029,825 969,855 857,107
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,755,679 1,480,971 1,277,750 360,892
Adjustment to Non-PEO NEO Compensation Footnote
(1)
Deductions from, and additions to, total compensation in the
“Summary Compensation Table”
by year to calculate CAP include:
 
    
2023
    
 
 
    
Joseph Hanna
    
Average
Non-CEO

NEOs
 
Total Compensation from Summary Compensation Table
   $   4,771,898      $   1,249,999  
Adjustments for Pension
     
Adjustment Summary Compensation Table Pension
   $ -      $ -  
Amount added for current year service cost
   $ -      $ -  
Amount added for prior service cost impacting current year
   $ -      $ -  
  
 
 
    
 
 
 
Total Adjustments for Pension
  
$
-
 
  
$
-
 
Adjustments for Equity Awards
     
Adjustment for grant date values in the Summary Compensation Table
   $ 2,700,334      $ 510,338  
Year-end
fair value of unvested awards granted in the current year
   $ 4,600,430      $ 762,488  
Year-over-year difference of
year-end
fair values for unvested awards granted in prior years
   $ 969,825      $ 169,598  
Fair values at vest date for awards granted and vested in current year
   $ -      $ -  
Difference in fair values between prior
year-end
fair values and vest date fair values for awards granted in prior years
   $ 709,030      $ 89,940  
Forfeitures during current year equal to prior
year-end
fair value
   $ -      $ 34,213  
Dividends or dividend equivalents not otherwise included in total compensation
   $ 150,748      $ 28,206  
  
 
 
    
 
 
 
Total Adjustments for Equity Awards
  
$
6,430,033
 
  
$
1,016,018
 
Compensation Actually Paid (as calculated)
  
$
8,501,597
  
$
1,755,679
 
     
     
Equity Valuation Assumption Difference, Footnote
(2)
The assumptions used in calculating the fair value of the equity awards did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table, except that as of the end of 2023, the fair value calculations of the PSUs
 
granted in 2021 and 2022 assumed a payout at maximum, and the PSUs granted in 2023 assumed a payout between target and maximum, in each case as compared to the grant date fair value calculations which assumed a payout at target.
     
Compensation Actually Paid vs. Total Shareholder Return
LOGO
     
Compensation Actually Paid vs. Net Income
LOGO
     
Compensation Actually Paid vs. Company Selected Measure
LOGO
     
Total Shareholder Return Vs Peer Group
LOGO
     
Tabular List, Table
Most Important Performance Measures
In our assessment, the most important performance measures used to link CAP (as calculated in accordance with the SEC rules) to Company performance are listed in the table below. The role of each of these performance measures in our executive compensation program is discussed in
“Executive Compensation”
in this Proxy Statement.
 
Performance Measures
Pre-Tax
Income
Adjusted EBITDA
     
Total Shareholder Return Amount $ 171.19 138.6 110.16 90.05
Peer Group Total Shareholder Return Amount 165.61 126.96 157.53 123.17
Net Income (Loss) $ 174,600,000 $ 115,100,000 $ 89,700,000 $ 102,000,000
Company Selected Measure Amount 151,200,000 150,000,000 121,800,000 132,000,000
PEO Name Joseph Hanna      
Measure:: 1        
Pay vs Performance Disclosure        
Name Pre-Tax Income      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
PEO | Adjustments for Pension [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0      
PEO | Adjustment Summary Compensation Table Pension [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Amount added for current year service cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Amount added for prior service cost impacting current year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Adjustment for grant date values in the Summary Compensation Table Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,700,334      
PEO | Adjustments for Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,430,033      
PEO | Year End Fair Value Of Unvested Awards Granted In The Current Year Adjustments For Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,600,430      
PEO | Year Over Year Difference Of Year End Fair Values For Unvested Awards Granted In Prior Years Adjustments For Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 969,825      
PEO | Fair values at vest date for awards granted and vested in current year Adjustments for Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Difference in fair values between prior yearend fair values and vest date fair values for awards granted in prior years Adjustments for Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 709,030      
PEO | Forfeitures during current year equal to prior yearend fair value Adjustments for Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Dividends or dividend equivalents not otherwise included in total compensation Adjustments for Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 150,748      
Non-PEO NEO | Adjustments for Pension [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Adjustment Summary Compensation Table Pension [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Amount added for current year service cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Amount added for prior service cost impacting current year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Adjustment for grant date values in the Summary Compensation Table Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 510,338      
Non-PEO NEO | Adjustments for Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,016,018      
Non-PEO NEO | Year End Fair Value Of Unvested Awards Granted In The Current Year Adjustments For Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 762,488      
Non-PEO NEO | Year Over Year Difference Of Year End Fair Values For Unvested Awards Granted In Prior Years Adjustments For Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 169,598      
Non-PEO NEO | Fair values at vest date for awards granted and vested in current year Adjustments for Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Difference in fair values between prior yearend fair values and vest date fair values for awards granted in prior years Adjustments for Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 89,940      
Non-PEO NEO | Forfeitures during current year equal to prior yearend fair value Adjustments for Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 34,213      
Non-PEO NEO | Dividends or dividend equivalents not otherwise included in total compensation Adjustments for Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 28,206