Pay vs Performance Disclosure - USD ($) | 12 Months Ended |
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Pay vs Performance Disclosure [Table] | | | |
Pay vs Performance [Table Text Block] | We are required by SEC rules, mandated by Congress in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, to disclose the following information regarding compensation paid to our NEOs. Our Chief Executive Officer is the principal executive officer (“PEO”). The amounts set forth below under the headings “Compensation Actually Paid to P EO” and “Average Compensation Actually Paid for Non-PEO NEOs” have been calculated in a manner consistent with Item 402(v) of Regulation S-K. The following table sets forth information concerning the compensation and our financial performance for each of the years ended December 31, 2022, 2021 and 2020: Value of Initial Fixed $100 Investment Based on: Year Summary Compensation Table Total for PEO ($)(1) Compensation Actually Paid to PEO Average Summary Compensation Table Total for Non-PEO NEOs Average Compensation Actually Paid to Non-PEO NEOs Total Shareholder Return ($) Peer Group Total Shareholder Return ($)(3) Net Income (Loss) from Continuing Operations Adjusted EBITDA from Continuing Operations 2022 5,334,813 5,880,801 3,061,659 3,290,394 151.52 195.45 133,694 535,733 2021 2,854,893 4,303,220 1,957,160 2,768,654 143.57 244.98 60,564 393,610 2020 2,106,060 1,895,349 1,805,770 1,681,890 93.77 142.21 ( 46,396 ) 359,431 ___________ (1) The dollar amounts reported are the amounts of total compensation and average total compensation from the Summary Compensation Table for the years ending December 31, 2022, 2021 and 2020 for the executives below: Year PEO Non-PEO NEOs 2022 Bradley W. Barber John M. Engquist, Leslie S. Magee, John McDowell Engquist 2021 Bradley W. Barber John M. Engquist, Leslie S. Magee, John McDowell Engquist 2020 Bradley W. Barber John M. Engquist, Leslie S. Magee (2) The dollar amounts reported represents the amount of “Compensation Actually Paid”, as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amounts of compensation paid to our PEO or NEOs during the applicable year, but also include the year-end value of equity awards granted during the reported year and the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested or were forfeited, or through the end of the reported fiscal year. Compensation Actually Paid is calculated based on the following adjustments to Total Compensation in the Summary Compensation Table (“SCT”): PEO Average of Non-PEO NEOs 2022 2021 2020 2022 2021 2020 SCT Total Compensation $ 5,334,813 $ 2,854,893 $ 2,106,060 $ 3,061,659 $ 1,957,160 $ 1,805,770 Less: Stock Awards Reported in SCT ( 2,729,978 ) ( 1,343,947 ) ( 1,194,977 ) ( 1,303,028 ) ( 809,630 ) ( 919,983 ) Plus: Fair Value of Stock Awards Granted in the Year 3,466,880 1,748,355 2,025,142 1,654,754 1,053,257 1,559,108 Change in Fair Value of Outstanding Unvested Stock from Prior Years 50,193 916,084 ( 113,592 ) 29,211 474,360 ( 99,467 ) Change in Fair Value of Stock from Prior Years that Vested in the Year ( 241,107 ) 127,834 ( 927,285 ) ( 152,202 ) 93,507 ( 663,537 ) Less: Fair Value of Stock Awards Forfeited during the Year — — — — — — Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans — — — — — — Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans — — — — — — Compensation Actually Paid $ 5,880,801 $ 4,303,220 $ 1,895,349 $ 3,290,394 $ 2,768,654 $ 1,681,890 (3) The peer group we selected for our Total Shareholder Return (“TSR”) is comprised of the following companies: United Rentals, Inc., Herc Holdings Inc., Toromont Industries, Ltd., Finning International, Inc. and The Ashtead Group, PLC. The peer group is additionally used by the Company for purposes of Item 201(e) of Regulation S-K under the Exchange Act in our Annual Report on Form 10-K for the year ended December 31, 2022 . (4) Net income (loss) before interest expense, income taxes, depreciation, and amortization (“EBITDA”) and Adjusted EBITDA are non-GAAP measures as defined under the rules of the SEC. We define Adjusted EBITDA for the periods presented as EBITDA adjusted for merger and other costs, loss on early extinguishment of debt and impairment of goodwill. A reconciliation of EBITDA and Adjusted EBITDA to net income is below: Reconciliation of Non-GAAP Financial Measures Year Ended December 31, 2022 2021 2020 Net Income (loss) $ 132,170 $ 102,540 $ (32,667 ) Net Income (loss) from discontinued operations (1,524 ) 41,976 13,729 Net Income (loss) from continuing operations 133,694 60,564 (46,396 ) Interest expense 54,033 53,758 61,790 Provision (benefit) for income taxes 47,036 21,160 (13,428 ) Depreciation 296,310 254,158 252,681 Amortization of intangibles 4,660 3,970 3,987 EBITDA from continuing operations $ 535,733 $ 393,610 $ 258,634 Merger and other — — 503 Loss on early extinguishment of debt — — 44,630 Impairment of goodwill — — 55,664 Adjusted EBITDA from continuing operations $ 535,733 $ 393,610 $ 359,431 | | |
Company Selected Measure Name | Net income (loss) before interest expense, income taxes, depreciation, and amortization (“EBITDA”) and Adjusted EBITDA | | |
Named Executive Officers, Footnote [Text Block] | (1) The dollar amounts reported are the amounts of total compensation and average total compensation from the Summary Compensation Table for the years ending December 31, 2022, 2021 and 2020 for the executives below: Year PEO Non-PEO NEOs 2022 Bradley W. Barber John M. Engquist, Leslie S. Magee, John McDowell Engquist 2021 Bradley W. Barber John M. Engquist, Leslie S. Magee, John McDowell Engquist 2020 Bradley W. Barber John M. Engquist, Leslie S. Magee | | |
Peer Group Issuers, Footnote [Text Block] | (3) The peer group we selected for our Total Shareholder Return (“TSR”) is comprised of the following companies: United Rentals, Inc., Herc Holdings Inc., Toromont Industries, Ltd., Finning International, Inc. and The Ashtead Group, PLC. The peer group is additionally used by the Company for purposes of Item 201(e) of Regulation S-K under the Exchange Act in our Annual Report on Form 10-K for the year ended December 31, 2022 . | | |
PEO Total Compensation Amount | $ 5,334,813 | $ 2,854,893 | $ 2,106,060 |
PEO Actually Paid Compensation Amount | 5,880,801 | 4,303,220 | 1,895,349 |
Non-PEO NEO Average Total Compensation Amount | 3,061,659 | 1,957,160 | 1,805,770 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 3,290,394 | 2,768,654 | 1,681,890 |
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | CAP vs TSR | | |
Compensation Actually Paid vs. Net Income [Text Block] | CAP vs Net Income | | |
Compensation Actually Paid vs. Company Selected Measure [Text Block] | CAP vs Adjusted EBITDA | | |
Tabular List [Table Text Block] | Pay versus Performance Tabular List The table below lists our most important performance measures used to link executive compensation to company performance, over the fiscal year ended December 31, 2022. These measures, or some combination thereof, are used to determine the annual cash bonus and long-term incentives for each of the NEOs. For more information, see “Annual Bonuses” and “Long-Term Incentives” as more fully described in the “ Compensation Discussion and Analysis ” section of this Proxy Statement. The performance measures included in this table are not ranked by relative importance. Financial Performance Measures Adjusted EBITDA Rental Gross Profit ROGNA | | |
Total Shareholder Return Amount | $ 151.52 | 143.57 | 93.77 |
Peer Group Total Shareholder Return Amount | 195.45 | 244.98 | 142.21 |
Net Income (Loss) | $ 133,694,000 | $ 60,564,000 | $ (46,396,000) |
Company Selected Measure Amount | 535,733,000 | 393,610,000 | 359,431,000 |
PEO Name | Bradley W. Barber | Bradley W. Barber | Bradley W. Barber |
Adj To PEO and Non-PEO NEO Compensation Footnote [Text Block] | (2) The dollar amounts reported represents the amount of “Compensation Actually Paid”, as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amounts of compensation paid to our PEO or NEOs during the applicable year, but also include the year-end value of equity awards granted during the reported year and the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested or were forfeited, or through the end of the reported fiscal year. Compensation Actually Paid is calculated based on the following adjustments to Total Compensation in the Summary Compensation Table (“SCT”): PEO Average of Non-PEO NEOs 2022 2021 2020 2022 2021 2020 SCT Total Compensation $ 5,334,813 $ 2,854,893 $ 2,106,060 $ 3,061,659 $ 1,957,160 $ 1,805,770 Less: Stock Awards Reported in SCT ( 2,729,978 ) ( 1,343,947 ) ( 1,194,977 ) ( 1,303,028 ) ( 809,630 ) ( 919,983 ) Plus: Fair Value of Stock Awards Granted in the Year 3,466,880 1,748,355 2,025,142 1,654,754 1,053,257 1,559,108 Change in Fair Value of Outstanding Unvested Stock from Prior Years 50,193 916,084 ( 113,592 ) 29,211 474,360 ( 99,467 ) Change in Fair Value of Stock from Prior Years that Vested in the Year ( 241,107 ) 127,834 ( 927,285 ) ( 152,202 ) 93,507 ( 663,537 ) Less: Fair Value of Stock Awards Forfeited during the Year — — — — — — Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans — — — — — — Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans — — — — — — Compensation Actually Paid $ 5,880,801 $ 4,303,220 $ 1,895,349 $ 3,290,394 $ 2,768,654 $ 1,681,890 | | |
Measure [Axis]: 1 | | | |
Pay vs Performance Disclosure [Table] | | | |
Measure Name | Adjusted EBITDA | | |
Non-GAAP Measure Description [Text Block] | (4) Net income (loss) before interest expense, income taxes, depreciation, and amortization (“EBITDA”) and Adjusted EBITDA are non-GAAP measures as defined under the rules of the SEC. We define Adjusted EBITDA for the periods presented as EBITDA adjusted for merger and other costs, loss on early extinguishment of debt and impairment of goodwill. A reconciliation of EBITDA and Adjusted EBITDA to net income is below: Reconciliation of Non-GAAP Financial Measures Year Ended December 31, 2022 2021 2020 Net Income (loss) $ 132,170 $ 102,540 $ (32,667 ) Net Income (loss) from discontinued operations (1,524 ) 41,976 13,729 Net Income (loss) from continuing operations 133,694 60,564 (46,396 ) Interest expense 54,033 53,758 61,790 Provision (benefit) for income taxes 47,036 21,160 (13,428 ) Depreciation 296,310 254,158 252,681 Amortization of intangibles 4,660 3,970 3,987 EBITDA from continuing operations $ 535,733 $ 393,610 $ 258,634 Merger and other — — 503 Loss on early extinguishment of debt — — 44,630 Impairment of goodwill — — 55,664 Adjusted EBITDA from continuing operations $ 535,733 $ 393,610 $ 359,431 | | |
Measure [Axis]: 2 | | | |
Pay vs Performance Disclosure [Table] | | | |
Measure Name | Rental Gross Profit | | |
Measure [Axis]: 3 | | | |
Pay vs Performance Disclosure [Table] | | | |
Measure Name | ROGNA | | |
PEO [Member] | Less: Stock Awards Reported in SCT [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | $ (2,729,978) | $ (1,343,947) | $ (1,194,977) |
PEO [Member] | Plus: Fair Value of Stock Awards Granted in the Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 3,466,880 | 1,748,355 | 2,025,142 |
PEO [Member] | Change in Fair Value of Outstanding Unvested Stock from Prior Years [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 50,193 | 916,084 | (113,592) |
PEO [Member] | Change in Fair Value of Stock from Prior Years that Vested in the Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | (241,107) | 127,834 | (927,285) |
Non-PEO NEO [Member] | Less: Stock Awards Reported in SCT [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | (1,303,028) | (809,630) | (919,983) |
Non-PEO NEO [Member] | Plus: Fair Value of Stock Awards Granted in the Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 1,654,754 | 1,053,257 | 1,559,108 |
Non-PEO NEO [Member] | Change in Fair Value of Outstanding Unvested Stock from Prior Years [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | 29,211 | 474,360 | (99,467) |
Non-PEO NEO [Member] | Change in Fair Value of Stock from Prior Years that Vested in the Year [Member] | | | |
Pay vs Performance Disclosure [Table] | | | |
Adjustment to Compensation Amount | $ (152,202) | $ 93,507 | $ (663,537) |