(16) Segment Reporting

Our operations are comprised of three reportable segments: North American Storage Solutions, U.K. Storage Solutions and Tank & Pump Solutions. Discrete financial data on each of our products is not available and it would be impractical to collect and maintain financial data in such a manner. The results for each segment are reviewed discretely by our chief operating decision maker.

We operate in the U.S., the U.K. and Canada. All of our locations operate in their local currency. Although we are exposed to foreign exchange rate fluctuation in foreign markets where we rent and sell our products, we do not believe such exposure will have a significant impact on our results of operations. Revenues recognized by our U.S. locations were $125.8 million and $113.1 million for the three months ended September 30, 2018 and 2017, respectively, and were $362.0 million and $320.5 million for the nine months ended September 30, 2018 and 2017, respectively.

The following tables set forth certain information regarding each of the Company’s segments for the three-month periods indicated:

	For the Three Months Ended September 30, 2018
	Storage Solutions
	North America			United Kingdom			Total			Tank & Pump Solutions			Consolidated
	(In thousands)
Revenues:
Rental	$	92,241		$	20,398		$	112,639		$	28,285		$	140,924
Sales		5,103			2,593			7,696			1,020			8,716
Other		—			40			40			27			67
Total revenues		97,344			23,031			120,375			29,332			149,707
Costs and expenses:
Rental, selling and general expenses		57,662			13,459			71,121			19,643			90,764
Cost of sales		3,178			2,048			5,226			544			5,770
Asset impairment charge and loss on divestiture, net		87,658			8,434			96,092			2,186			98,278
Depreciation and amortization		7,892			1,866			9,758			6,433			16,191
Total costs and expenses		156,390			25,807			182,197			28,806			211,003
(Loss) income from operations	$	(59,046	)	$	(2,776	)	$	(61,822	)	$	526		$	(61,296	)
Interest expense, net of interest income	$	7,589		$	200		$	7,789		$	2,698		$	10,487
Income tax benefit		(16,699	)		(454	)		(17,153	)		(2,441	)		(19,594	)
Capital expenditures for additions to rental fleet, excluding acquisitions		18,290			1,243			19,533			7,611			27,144

	For the Three Months Ended September 30, 2017
	Storage Solutions
	North America		United Kingdom		Total		Tank & Pump Solutions			Consolidated
	(In thousands)
Revenues:
Rental	$	84,249	$	20,239	$	104,488	$	23,207		$	127,695
Sales		4,503		2,240		6,743		1,695			8,438
Other		274		127		401		102			503
Total revenues		89,026		22,606		111,632		25,004			136,636
Costs and expenses:
Rental, selling and general expenses		57,327		12,868		70,195		17,550			87,745
Cost of sales		2,657		1,820		4,477		1,042			5,519
Restructuring expenses		500		—		500		125			625
Depreciation and amortization		8,052		1,784		9,836		6,099			15,935
Total costs and expenses		68,536		16,472		85,008		24,816			109,824
Income from operations	$	20,490	$	6,134	$	26,624	$	188		$	26,812
Interest expense, net of interest income	$	6,370	$	125	$	6,495	$	2,704		$	9,199
Income tax provision (benefit)		6,280		981		7,261		(878	)		6,383
Capital expenditures for additions to rental fleet, excluding acquisitions		16,629		4,509		21,138		1,780			22,918

The following tables set forth certain information regarding each of the Company’s segments for the nine-month periods indicated:

	For the Nine Months Ended September 30, 2018
	Storage Solutions
	North America			United Kingdom		Total			Tank & Pump Solutions			Consolidated
	(In thousands)
Revenues:
Rental	$	264,227		$	61,066	$	325,293		$	80,856		$	406,149
Sales		15,211			6,574		21,785			3,915			25,700
Other		238			161		399			112			511
Total revenues		279,676			67,801		347,477			84,883			432,360
Costs and expenses:
Rental, selling and general expenses		171,182			41,066		212,248			56,785			269,033
Cost of sales		9,401			5,294		14,695			2,230			16,925
Restructuring expenses		1,306			—		1,306			—			1,306
Asset impairment charge and loss on divestiture, net		87,658			8,434		96,092			2,186			98,278
Depreciation and amortization		25,349			6,049		31,398			18,808			50,206
Total costs and expenses		294,896			60,843		355,739			80,009			435,748
(Loss) income from operations	$	(15,220	)	$	6,958	$	(8,262	)	$	4,874		$	(3,388	)
Interest expense, net of interest income	$	21,443		$	631	$	22,074		$	8,099		$	30,173
Income tax (benefit) provision		(8,876	)		1,269		(7,607	)		(3,575	)		(11,182	)
Capital expenditures for additions to rental fleet, excluding acquisitions		39,400			5,805		45,205			20,415			65,620

	For the Nine Months Ended September 30, 2017
	Storage Solutions
	North America		United Kingdom		Total		Tank & Pump Solutions			Consolidated
	(In thousands)
Revenues:
Rental	$	236,326	$	57,454	$	293,780	$	66,508		$	360,288
Sales		14,407		6,356		20,763		4,054			24,817
Other		1,109		309		1,418		330			1,748
Total revenues		251,842		64,119		315,961		70,892			386,853
Costs and expenses:
Rental, selling and general expenses		161,122		37,429		198,551		50,403			248,954
Cost of sales		8,727		5,081		13,808		2,231			16,039
Restructuring expenses		1,933		—		1,933		129			2,062
Depreciation and amortization		23,316		5,180		28,496		18,445			46,941
Total costs and expenses		195,098		47,690		242,788		71,208			313,996
Income (loss) from operations	$	56,744	$	16,429	$	73,173	$	(316	)	$	72,857
Interest expense, net of interest income	$	17,897	$	377	$	18,274	$	8,118		$	26,392
Income tax provision (benefit)		16,593		2,629		19,222		(2,943	)		16,279
Capital expenditures for additions to rental fleet, excluding acquisitions		31,833		9,037		40,870		5,075			45,945

Assets related to the Company’s reportable segments include the following:

	Storage Solutions
	North America		United Kingdom		Total		Tank & Pump Solutions		Consolidated
	(In thousands)
As of September 30, 2018:
Goodwill	$	468,656	$	56,896	$	525,552	$	181,216	$	706,768
Intangibles, net		974		415		1,389		55,775		57,164
Rental fleet, net		652,677		144,810		797,487		128,469		925,956
As of December 31, 2017:
Goodwill	$	468,785	$	58,906	$	527,691	$	181,216	$	708,907
Intangibles, net		1,314		642		1,956		60,068		62,024
Rental fleet, net		714,154		156,413		870,567		118,587		989,154

Included in the table above are assets in the U.S. of $1.5 billion as of both September 30, 2018 and December 31, 2017.