H&E Equipment Services (HEES) 10-Q 27 Oct 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 21, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	HEES
Entity Registrant Name	H&E Equipment Services, Inc.
Entity Central Index Key	1,339,605
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		35,557,785

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Cash	$ 7,034	$ 7,159
Receivables, net of allowance for doubtful accounts of $4,027 and $4,729, respectively	138,833	147,328
Inventories, net of reserves for obsolescence of $902 and $934, respectively	73,998	96,818
Prepaid expenses and other assets	8,894	10,054
Rental equipment, net of accumulated depreciation of $424,551 and $390,317, respectively	922,486	893,393
Property and equipment, net of accumulated depreciation and amortization of $116,658 and $107,170, respectively	107,216	110,785
Deferred financing costs, net of accumulated amortization of $11,957 and $11,347, respectively	2,167	2,777
Goodwill	31,197	31,197
Total assets	1,291,825	1,299,511
Liabilities:
Amounts due on senior secured credit facility	209,762	184,857
Accounts payable	48,227	66,777
Manufacturer flooring plans payable	38,226	62,433
Accrued expenses payable and other liabilities	51,502	55,551
Dividends payable	56	32
Senior unsecured notes, net of unaccreted discount of $2,391 and $2,694, respectively	627,609	627,306
Capital leases payable	1,756	1,907
Deferred income taxes	173,449	155,886
Deferred compensation payable	1,826	2,174
Total liabilities	1,152,413	1,156,923
Commitments and Contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 25,000,000 shares authorized; no shares issued
Common stock, $0.01 par value, 175,000,000 shares authorized; 39,500,053 and 39,333,571 shares issued at September 30, 2016 and December 31, 2015, respectively, and 35,558,750 and 35,428,868 shares outstanding at September 30, 2016 and December 31, 2015, respectively	394	392
Additional paid-in capital	222,817	220,879
Treasury stock at cost, 3,941,303 and 3,904,703 shares of common stock held at September 30, 2016 and December 31, 2015, respectively	(60,951)	(60,405)
Retained deficit	(22,848)	(18,278)
Total stockholders' equity	139,412	142,588
Total liabilities and stockholders' equity	$ 1,291,825	$ 1,299,511

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivables	$ 4,027	$ 4,729
Reserves for obsolescence inventories	902	934
Accumulated depreciation, rental equipment	424,551	390,317
Accumulated depreciation and amortization, property and equipment	116,658	107,170
Accumulated amortization, deferred financing costs	11,957	11,347
Unaccreted discount, net	$ 2,391	$ 2,694
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	175,000,000	175,000,000
Common stock, shares issued	39,500,053	39,333,571
Common stock, shares outstanding	35,558,750	35,428,868
Treasury stock, shares	3,941,303	3,904,703

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Revenues	$ 244,686	$ 276,853	$ 733,791	$ 766,623
Cost of revenues:
Cost of revenues	156,561	184,016	482,814	511,042
Gross profit	88,125	92,837	250,977	255,581
Selling, general and administrative expenses	55,962	54,704	172,385	162,584
Gain on sales of property and equipment, net	927	339	2,301	1,769
Income from operations	33,090	38,472	80,893	94,766
Other income (expense):
Interest expense	(13,469)	(13,481)	(40,229)	(40,675)
Other, net	386	501	1,505	1,083
Total other expense, net	(13,083)	(12,980)	(38,724)	(39,592)
Income before provision for income taxes	20,007	25,492	42,169	55,174
Provision for income taxes	8,342	10,720	17,427	22,836
Net income	$ 11,665	$ 14,772	$ 24,742	$ 32,338
Net income per common share:
Basic	$ 0.33	$ 0.42	$ 0.70	$ 0.92
Diluted	$ 0.33	$ 0.42	$ 0.70	$ 0.92
Weighted average common shares outstanding:
Basic	35,424	35,308	35,373	35,258
Diluted	35,504	35,350	35,461	35,317
Dividends declared per common share outstanding	$ 0.275	$ 0.275	$ 0.825	$ 0.775
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	$ 41,528	$ 40,963	$ 120,700	$ 121,121
Rental Expense [Member]
Cost of revenues:
Cost of revenues	18,378	19,210	53,162	52,522
Other [Member]
Revenues:
Revenues	17,346	17,440	48,679	48,121
Cost of revenues:
Cost of revenues	16,991	16,901	48,129	47,329
Gross profit	355	539	550	792
Equipment Rentals [Member]
Revenues:
Revenues	118,535	118,055	330,023	328,072
Cost of revenues:
Gross profit	58,629	57,882	156,161	154,429
New Equipment Sales [Member]
Revenues:
Revenues	44,764	66,552	151,836	175,465
Cost of revenues:
Cost of revenues	40,147	60,000	135,152	156,068
Gross profit	4,617	6,552	16,684	19,397
Used Equipment Sales [Member]
Revenues:
Revenues	20,630	29,111	71,973	83,113
Cost of revenues:
Cost of revenues	14,364	20,262	49,751	56,761
Gross profit	6,266	8,849	22,222	26,352
Parts Sales [Member]
Revenues:
Revenues	27,335	28,968	81,958	84,400
Cost of revenues:
Cost of revenues	19,708	21,098	59,184	61,224
Gross profit	7,627	7,870	22,774	23,176
Services Revenues [Member]
Revenues:
Revenues	16,076	16,727	49,322	47,452
Cost of revenues:
Cost of revenues	5,445	5,582	16,736	16,017
Gross profit	$ 10,631	$ 11,145	$ 32,586	$ 31,435

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net income	$ 24,742	$ 32,338
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	20,321	17,895
Depreciation of rental equipment	120,700	121,121
Amortization of deferred financing costs	789	774
Accretion of note discount, net of premium amortization	124	126
Provision for losses on accounts receivable	2,723	2,446
Provision for inventory obsolescence	82	201
Change in deferred income taxes	17,193	22,514
Stock-based compensation expense	2,308	2,036
Gain from sales of property and equipment, net	(2,301)	(1,769)
Gain from sales of rental equipment, net	(21,450)	(24,962)
Changes in operating assets and liabilities:
Receivables	5,772	15,282
Inventories	(15,220)	(18,673)
Prepaid expenses and other assets	1,160	(3,702)
Accounts payable	(18,549)	599
Manufacturer flooring plans payable	(24,207)	(33,696)
Accrued expenses payable and other liabilities	(4,436)	(11,484)
Deferred compensation payable	(348)	51
Net cash provided by operating activities	109,403	121,097
Cash flows from investing activities:
Purchases of property and equipment	(16,753)	(22,317)
Purchases of rental equipment	(152,644)	(137,184)
Proceeds from sales of property and equipment	2,689	2,582
Proceeds from sales of rental equipment	62,259	68,187
Net cash used in investing activities	(104,449)	(88,732)
Cash flows from financing activities:
Purchases of treasury stock	(546)	(470)
Borrowings on senior secured credit facility	767,550	768,572
Payments on senior secured credit facility	(742,645)	(778,903)
Payments of deferred financing costs		(725)
Dividends paid	(29,287)	(27,370)
Payments of capital lease obligations	(151)	(143)
Net cash used in financing activities	(5,079)	(39,039)
Net decrease in cash	(125)	(6,674)
Cash, beginning of period	7,159	15,861
Cash, end of period	7,034	9,187
Noncash asset purchases:
Assets transferred from new and used inventory to rental fleet	37,958	49,482
Purchases of property and equipment included in accrued expenses payable and other liabilities	(387)
Cash paid during the period for:
Interest	50,180	50,787
Income taxes paid, net of refunds received	$ 271	$ 368

Organization and Nature of Oper

Organization and Nature of Operations	9 Months Ended
	Sep. 30, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Nature of Operations	(1) Organization and Nature of Operations Basis of Presentation Our condensed consolidated financial statements include the financial position and results of operations of H&E Equipment Services, Inc. and its wholly-owned subsidiaries H&E Finance Corp., GNE Investments, Inc., Great Northern Equipment, Inc., H&E California Holding, Inc., H&E Equipment Services (California), LLC and H&E Equipment Services (Mid-Atlantic), Inc., collectively referred to herein as “we” or “us” or “our” or the “Company.” The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such regulations. In the opinion of management, all adjustments (consisting of all normal and recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three and nine month periods ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016, and therefore, the results and trends in these interim condensed consolidated financial statements may not be the same for the entire year. These interim condensed consolidated financial statements should be read in conjunction with the annual audited consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended December 31, 2015, from which the consolidated balance sheet amounts as of December 31, 2015 were derived. All significant intercompany accounts and transactions have been eliminated in these condensed consolidated financial statements. Business combinations accounted for as purchases are included in the condensed consolidated financial statements from their respective dates of acquisition. The nature of our business is such that short-term obligations are typically met by cash flows generated from long-term assets. Consequently, and consistent with industry practice, the accompanying condensed consolidated balance sheets are presented on an unclassified basis. Nature of Operations As one of the largest integrated equipment services companies in the United States focused on heavy construction and industrial equipment, we rent, sell and provide parts and service support for four core categories of specialized equipment: (1) hi-lift or aerial work platform equipment; (2) cranes; (3) earthmoving equipment; and (4) industrial lift trucks. By providing equipment rental, sales, on-site parts, repair and maintenance functions under one roof, we are a one-stop provider for our customers’ varied equipment needs. This full service approach provides us with multiple points of customer contact, enables us to maintain a high quality rental fleet, as well as an effective distribution channel for fleet disposal and provides cross‑selling opportunities among our new and used equipment sales, rental, parts sales and services operations.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	(2) Significant Accounting Policies We describe our significant accounting policies in note 2 of the notes to consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2015. During the nine month period ended September 30, 2016, there were no significant changes to those accounting policies. Use of Estimates We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America, which requires management to use its judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosures at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reported period. These assumptions and estimates could have a material effect on our condensed consolidated financial statements. Actual results may differ materially from those estimates. We review our estimates on an ongoing basis based on information currently available, and changes in facts and circumstances may cause us to revise these estimates. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers Revenue Recognition In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . In March 2016, the FASB Issued ASU No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments Guidance Adopted in the First Quarter of 2016 In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs Interest-Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements - Amendments to SEC Paragraphs Pursuant to Staff Announcements Deferred Financing Costs Total Assets Senior Unsecured Notes Total Liabilities Total Liabilities and Stockholders’ Equity Previously reported $ 4,353 $ 1,301,087 $ 628,882 $ 1,158,499 $ 1,301,087 Reclassification of debt issuance costs (1,576 ) (1,576 ) (1,576 ) (1,576 ) (1,576 ) Current presentation $ 2,777 $ 1,299,511 $ 627,306 $ 1,156,923 $ 1,299,511

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	(3) Fair Value of Financial Instruments Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The FASB fair value measurement guidance established a fair value hierarchy that prioritizes the inputs used to measure fair value. The three broad levels of the fair value hierarchy are as follows: Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities Level 2 – Quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly Level 3 – Unobservable inputs for which little or no market data exists, therefore requiring a company to develop its own assumptions The carrying value of financial instruments reported in the accompanying condensed consolidated balance sheets for cash, accounts receivable, accounts payable and accrued expenses payable and other liabilities approximate fair value due to the immediate or short-term nature or maturity of these financial instruments. The fair value of our letter of credit is based on fees currently charged for similar agreements. The carrying amounts and fair values of our other financial instruments subject to fair value disclosures as of September 30, 2016 and December 31, 2015 are presented in the table below (amounts in thousands) and have been calculated based upon market quotes and present value calculations based on market rates. September 30, 2016 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 4.50% (Level 3) $ 38,226 $ 33,497 Senior unsecured notes with interest computed at 7.0% (Level 1) 627,609 648,900 Capital leases payable with interest computed at 5.929% to 9.55% (Level 3) 1,756 1,172 Letter of credit (Level 3) — 155 December 31, 2015 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 5.00% (Level 3) $ 62,433 $ 54,710 Senior unsecured notes with interest computed at 7.0% (Level 1) 627,306 617,400 Capital leases payable with interest computed at 5.929% to 9.55% (Level 3) 1,907 1,329 Letter of credit (Level 3) — 145 During the three and nine month periods ended September 30, 2016 and 2015, there were no transfers of financial assets or liabilities in or out of Level 1, Level 2 or Level 3 of the fair value hierarchy.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Stockholders' Equity	(4) Stockholders’ Equity The following table summarizes the activity in Stockholders’ Equity for the nine month period ended September 30, 2016 (amounts in thousands, except share data): Common Stock Additional Total Shares Issued Amount Paid-in Capital Treasury Stock Retained Deficit Stockholders’ Equity Balances at December 31, 2015 39,333,571 $ 392 $ 220,879 $ (60,405 ) $ (18,278 ) $ 142,588 Stock-based compensation — — 2,308 — — 2,308 Tax deficiency associated with stock-based awards — — (370 ) — — (370 ) Cash dividends declared on common stock ($0.825 per share) — — — — (29,312 ) (29,312 ) Issuance of common stock 166,482 2 — — — 2 Repurchases of 29,815 shares of restricted common stock — — (546 ) — (546 ) Net income — — — — 24,742 24,742 Balances at September 30, 2016 39,500,053 $ 394 $ 222,817 $ (60,951 ) $ (22,848 ) $ 139,412

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	(5) Stock-Based Compensation We account for our stock-based compensation plan using the fair value recognition provisions of Accounting Standards Codification (“ASC”) 718, Stock Compensation Over the last ten years prior to June 2016, we had been granting awards under our 2006 Stock-Based Incentive Compensation Plan, as amended (the “Prior Stock Plan”). The Prior Stock Plan expired pursuant to its terms in June 2016, and the Company is no longer be able to grant equity awards under the Prior Stock Plan. At our annual meeting of stockholders in May 2016, our stockholders approved our 2016 Stock-Based Incentive Compensation Plan (the “2016 Plan”). Shares available for future stock-based payment awards under our 2016 Plan were 1,973,495 shares as of September 30, 2016. To the extent that awards granted under the Prior Stock Plan are forfeited or otherwise terminate for any reason whatsoever without an actual distribution or issuance of shares, the plan limit will be increased by such number of shares. Non-vested Stock The following table summarizes our non-vested stock activity for the nine months ended September 30, 2016. All awards granted prior to May 16, 2016 were made pursuant to the Prior Stock Plan, and all grants subsequent to May 16, 2016 have been made pursuant to the 2016 Plan. Number of Shares Weighted Average Grant Date Fair Non-vested stock at December 31, 2015 322,355 $ 19.90 Granted 227,532 $ 17.39 Vested (133,783 ) $ 18.85 Forfeited (9,027 ) $ 18.99 Non-vested stock at September 30, 2016 407,077 $ 18.87 As of September 30, 2016, we had unrecognized compensation expense of approximately $5.6 million related to non-vested stock that we expect to be recognized over a weighted-average period of approximately 2.4 years. The following table summarizes compensation expense related to non-vested stock, which is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of income for the three and nine months ended September 30, 2016 and 2015 (amounts in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Compensation expense $ 641 $ 531 $ 2,308 $ 2,036 Stock Options At September 30 2016, there is no unrecognized compensation expense as all stock option awards have fully vested. The following table represents stock option activity for the nine months ended September 30, 2016: Number of Shares Weighted Average Exercise Price Weighted Average Contractual Life In Years Outstanding options at December 31, 2015 51,000 $ 17.80 Granted — — Exercised — — Canceled, forfeited or expired (45,000 ) $ 17.60 Outstanding options at September 30, 2016 6,000 $ 19.27 0.8 Options exercisable at September 30, 2016 6,000 $ 19.27 0.8 The closing price of our common stock at September 30, 2016 was $16.76. Options outstanding at September 30, 2016, all of which were granted pursuant to the Prior Stock Plan, have grant date fair values that exceed the September 30, 2016 closing stock price.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings per Share	(6) Earnings per Share Earnings per common share for the three and nine months ended September 30, 2016 are based on the weighted average number of common shares outstanding during the period. The effects of potentially dilutive securities that are anti-dilutive are not included in the computation of dilutive income per share. We include all common shares granted under our incentive compensation plan which remain unvested (“restricted common shares”) and contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid (“participating securities”), in the number of shares outstanding in our basic and diluted EPS calculations using the two-class method. All of our restricted common shares are currently participating securities. Under the two-class method, earnings per common share are computed by dividing the sum of distributed earnings allocated to common shareholders and undistributed earnings allocated to common shareholders by the weighted average number of common shares outstanding for the period. In applying the two-class method, distributed and undistributed earnings are allocated to both common shares and restricted common shares based on the total weighted average shares outstanding during the period. The number of restricted common shares outstanding was approximately 0.9% and 0.8% of total outstanding shares for each of the three and nine months ended September 30, 2016 and 2015, respectively, and, consequently, was immaterial to the basic and diluted EPS calculations. Therefore, use of the two-class method had no impact on our basic and diluted EPS calculations for the periods presented. The following table sets forth the computation of basic and diluted net income per common share for the three and nine months ended September 30, 2016 and 2015 (amounts in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Basic net income per share: Net income $ 11,665 $ 14,772 $ 24,742 $ 32,338 Weighted average number of common shares outstanding 35,424 35,308 35,373 35,258 Net income per share of common stock – basic $ 0.33 $ 0.42 $ 0.70 $ 0.92 Diluted net income per share: Net income $ 11,665 $ 14,772 $ 24,742 $ 32,338 Weighted average number of common shares outstanding 35,424 35,308 35,373 35,258 Effect of dilutive securities: Effect of dilutive stock options — — — 13 Effect of dilutive non-vested restricted stock 80 42 88 46 Weighted average number of common shares outstanding – diluted 35,504 35,350 35,461 35,317 Net income per share of common stock – diluted $ 0.33 $ 0.42 $ 0.70 $ 0.92 Common shares excluded from the denominator as anti-dilutive: Stock options — 51 5 17 Non-vested restricted stock 1 17 2 7

Senior Secured Credit Facility

Senior Secured Credit Facility	9 Months Ended
	Sep. 30, 2016
Secured Debt [Member]
Senior Secured Credit Facility	(7) Senior Secured Credit Facility We and our subsidiaries are parties to a $602.5 million senior secured credit facility (the “Credit Facility”) with Wells Fargo Capital Finance, LLC (“Wells Fargo”), as agent (as successor in such capacity to General Electric Capital Corporation (“GE Capital”)), and the lenders named therein (the “Lenders”). On May 21, 2014, we amended, extended and restated the Credit Facility by entering into the Fourth Amended and Restated Credit Agreement (the “Amended and Restated Credit Agreement”) by and among the Company, Great Northern Equipment, Inc., H&E Equipment Services (California), LLC, the other credit parties named therein, the lenders named therein, GE Capital, as administrative agent, Bank of America, N.A. as co-syndication agent and documentation agent, Wells Fargo, as co-syndication agent and Deutsche Bank Securities Inc. as joint lead arranger and joint bookrunner. In March 2016, Wells Fargo succeeded and was substituted for GE Capital as the administrative agent under the Amended and Restated Credit Agreement. The Amended and Restated Credit Agreement, among other things, (i) extends the maturity date of the Credit Facility from February 29, 2017 to May 21, 2019, (ii) increases the uncommitted incremental revolving capacity from $130 million to $150 million, (iii) permits a like-kind exchange program under Section 1031 of the Internal Revenue Code of 1986, as amended, (iv) provides that the unused commitment fee margin will be either 0.50%, 0.375% or 0.25%, depending on the ratio of the average of the daily closing balances of the aggregate revolving loans, swing line loans and letters of credit outstanding during each month to the aggregate commitments for the revolving loans, swing line loans and letters of credit, (v) lowers the interest rate (a) in the case of index rate revolving loans, to the index rate plus an applicable margin of 0.75% to 1.25% depending on the leverage ratio and (b) in the case of LIBOR revolving loans, to LIBOR plus an applicable margin of 1.75% to 2.25%, depending on the leverage ratio, (vi) lowers the margin applicable to the letter of credit fee to between 1.75% and 2.25%, depending on the leverage ratio, and (vii) permits, under certain conditions, for the payment of dividends and/or stock repurchases or redemptions on the capital stock of the Company of up to $75 million per calendar year and further additionally permits the payment of the special cash dividend of $7.00 per share previously declared by the Company on August 20, 2012 to the holders of outstanding restricted stock of the Company following the declared payment date with such permission not tied to the vesting of such restricted stock (which includes the Company’s payment in June 2014 of all amounts that remained payable to the holders of the restricted stock of the Company with respect to such special dividend that was otherwise payable following the applicable vesting dates in May and July 2014 and 2015). On February 5, 2015, we entered into an amendment of the Credit Facility which, among other things, increased the total amount of revolving loan commitments under the Amended and Restated Credit Agreement from $402.5 million to $602.5 million. As of September 30, 2016, we were in compliance with our financial covenants under the Credit Facility. At September 30, 2016, the Company could borrow up to an additional $385.0 million and remain in compliance with the debt covenants under the Company’s Credit Facility. At September 30, 2016, the interest rate on the Credit Facility was based on a 3.25% U.S. Prime Rate plus 100 basis points or LIBOR plus 200 basis points. The weighted average interest rate at September 30, 2016 was approximately 2.7%. At October 21, 2016, we had $391.6 million of available borrowings under our Credit Facility, net of $7.7 million of outstanding letters of credit.

Senior Unsecured Notes

Senior Unsecured Notes	9 Months Ended
	Sep. 30, 2016
Unsecured Debt [Member]
Debt Instrument [Line Items]
Senior Secured Credit Facility	(8) Senior Unsecured Notes The following table reconciles our Senior Unsecured Notes to our Condensed Consolidated Balance Sheets (amounts in thousands): Balance at December 31, 2014 $ 628,714 Accretion of discount through December 31, 2015 1,055 Amortization of note premium through December 31, 2015 (887 ) Reclass of deferred financing costs to debt discount (see footnote 2) (1,576 ) Balance at December 31, 2015 $ 627,306 Accretion of discount through September 30, 2016 791 Amortization of note premium through September 30, 2016 (666 ) Amortization of deferred financing costs through September 30, 2016 178 Balance at September 30, 2016 $ 627,609

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Information	(9) Segment Information We have identified five reportable segments: equipment rentals, new equipment sales, used equipment sales, parts sales and services revenues. These segments are based upon how management of the Company allocates resources and assesses performance. Non-segmented revenues and non-segmented costs relate to equipment support activities including transportation, hauling, parts freight and damage-waiver charges and are not allocated to the other reportable segments. There were no sales between segments for any of the periods presented. Selling, general and administrative expenses as well as all other income and expense items below gross profit are not generally allocated to reportable segments. We do not compile discrete financial information by segments other than the information presented below. The following table presents information about our reportable segments (amounts in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Segment Revenues: Equipment rentals $ 118,535 $ 118,055 $ 330,023 $ 328,072 New equipment sales 44,764 66,552 151,836 175,465 Used equipment sales 20,630 29,111 71,973 83,113 Parts sales 27,335 28,968 81,958 84,400 Services revenues 16,076 16,727 49,322 47,452 Total segmented revenues 227,340 259,413 685,112 718,502 Non-segmented revenues 17,346 17,440 48,679 48,121 Total revenues $ 244,686 $ 276,853 $ 733,791 $ 766,623 Segment Gross Profit: Equipment rentals $ 58,629 $ 57,882 $ 156,161 $ 154,429 New equipment sales 4,617 6,552 16,684 19,397 Used equipment sales 6,266 8,849 22,222 26,352 Parts sales 7,627 7,870 22,774 23,176 Services revenues 10,631 11,145 32,586 31,435 Total segmented gross profit 87,770 92,298 250,427 254,789 Non-segmented gross profit 355 539 550 792 Total gross profit $ 88,125 $ 92,837 $ 250,977 $ 255,581 Balances at September 30, December 31, 2016 2015 Segment identified assets: Equipment sales $ 55,853 $ 77,365 Equipment rentals 922,486 893,393 Parts and services 18,145 19,453 Total segment identified assets 996,484 990,211 Non-segment identified assets 295,341 309,300 Total assets $ 1,291,825 $ 1,299,511 The Company operates primarily in the United States and our sales to international customers for the three month period ended September 30, 2016 and 2015 were 0.3% and 0.5%, respectively, of total revenues. Our sales to international customers for the nine month periods ended September 30, 2016 and 2015 were 0.4% and 0.6%, respectively, of total revenues. No one customer accounted for more than 10% of our revenues on an overall or segment basis for any of the periods presented.

Condensed Consolidating Financi

Condensed Consolidating Financial Information of Guarantor Subsidiaries	9 Months Ended
	Sep. 30, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Financial Information of Guarantor Subsidiaries	(10) Condensed Consolidating Financial Information of Guarantor Subsidiaries All of the indebtedness of H&E Equipment Services, Inc. is guaranteed by GNE Investments, Inc. and its wholly‑owned subsidiary Great Northern Equipment, Inc., H&E Equipment Services (California), LLC, H&E California Holding, Inc., H&E Equipment Services (Mid-Atlantic), Inc. and H&E Finance Corp. The guarantor subsidiaries are all wholly‑owned and the guarantees, made on a joint and several basis, are full and unconditional (subject to subordination provisions and subject to a standard limitation which provides that the maximum amount guaranteed by each guarantor will not exceed the maximum amount that can be guaranteed without making the guarantee void under fraudulent conveyance laws). There are no restrictions on H&E Equipment Services, Inc.’s ability to obtain funds from the guarantor subsidiaries by dividend or loan. The consolidating financial statements of H&E Equipment Services, Inc. and its subsidiaries are included below. The financial statements for H&E Finance Corp. are not included within the consolidating financial statements because H&E Finance Corp. has no assets or operations. CONDENSED CONSOLIDATING BALANCE SHEET As of September 30, 2016 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 7,034 $ — $ — $ 7,034 Receivables, net 112,891 25,942 — 138,833 Inventories, net 66,822 7,176 — 73,998 Prepaid expenses and other assets 8,721 173 — 8,894 Rental equipment, net 763,627 158,859 — 922,486 Property and equipment, net 95,580 11,636 — 107,216 Deferred financing costs, net 2,167 — — 2,167 Investment in guarantor subsidiaries 228,976 — (228,976 ) — Goodwill 1,671 29,526 — 31,197 Total assets $ 1,287,489 $ 233,312 $ (228,976 ) $ 1,291,825 Liabilities and Stockholders’ Equity: Amounts due on senior secured credit facility $ 209,762 $ — $ — $ 209,762 Accounts payable 45,274 2,953 — 48,227 Manufacturer flooring plans payable 38,056 170 — 38,226 Accrued expenses payable and other liabilities 52,008 (506 ) — 51,502 Dividends payable 93 (37 ) — 56 Senior unsecured notes 627,609 — — 627,609 Capital leases payable — 1,756 — 1,756 Deferred income taxes 173,449 — — 173,449 Deferred compensation payable 1,826 — — 1,826 Total liabilities 1,148,077 4,336 — 1,152,413 Stockholders’ equity 139,412 228,976 (228,976 ) 139,412 Total liabilities and stockholders’ equity $ 1,287,489 $ 233,312 $ (228,976 ) $ 1,291,825 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2015 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 7,159 $ — $ — $ 7,159 Receivables, net 124,157 23,171 — 147,328 Inventories, net 88,831 7,987 — 96,818 Prepaid expenses and other assets 9,909 145 — 10,054 Rental equipment, net 750,773 142,620 — 893,393 Property and equipment, net 99,342 11,443 — 110,785 Deferred financing costs, net 2,777 — — 2,777 Investment in guarantor subsidiaries 211,542 — (211,542 ) — Goodwill 1,671 29,526 — 31,197 Total assets $ 1,296,161 $ 214,892 $ (211,542 ) $ 1,299,511 Liabilities and Stockholders’ Equity: Amount due on senior secured credit facility $ 184,857 $ — $ — $ 184,857 Accounts payable 63,959 2,818 — 66,777 Manufacturer flooring plans payable 62,433 — — 62,433 Dividends payable 62 (30 ) — 32 Accrued expenses payable and other liabilities 56,896 (1,345 ) — 55,551 Senior unsecured notes 627,306 — — 627,306 Capital leases payable — 1,907 — 1,907 Deferred income taxes 155,886 — — 155,886 Deferred compensation payable 2,174 — — 2,174 Total liabilities 1,153,573 3,350 — 1,156,923 Stockholders’ equity 142,588 211,542 (211,542 ) 142,588 Total liabilities and stockholders’ equity $ 1,296,161 $ 214,892 $ (211,542 ) $ 1,299,511 CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended September 30, 2016 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 96,310 $ 22,225 $ — $ 118,535 New equipment sales 37,110 7,654 — 44,764 Used equipment sales 16,778 3,852 — 20,630 Parts sales 23,807 3,528 — 27,335 Services revenues 13,693 2,383 — 16,076 Other 14,072 3,274 — 17,346 Total revenues 201,770 42,916 — 244,686 Cost of revenues: Rental depreciation 34,168 7,360 — 41,528 Rental expense 15,127 3,251 — 18,378 New equipment sales 33,206 6,941 — 40,147 Used equipment sales 11,762 2,602 — 14,364 Parts sales 17,221 2,487 — 19,708 Services revenues 4,686 759 — 5,445 Other 13,716 3,275 — 16,991 Total cost of revenues 129,886 26,675 — 156,561 Gross profit (loss): Equipment rentals 47,015 11,614 — 58,629 New equipment sales 3,904 713 — 4,617 Used equipment sales 5,016 1,250 — 6,266 Parts sales 6,586 1,041 — 7,627 Services revenues 9,007 1,624 — 10,631 Other 356 (1 ) — 355 Gross profit 71,884 16,241 — 88,125 Selling, general and administrative expenses 45,810 10,152 — 55,962 Equity in earnings of guarantor subsidiaries 3,892 — (3,892 ) — Gain on sales of property and equipment, net 782 145 — 927 Income from operations 30,748 6,234 (3,892 ) 33,090 Other income (expense): Interest expense (11,074 ) (2,395 ) — (13,469 ) Other, net 333 53 — 386 Total other expense, net (10,741 ) (2,342 ) — (13,083 ) Income before income taxes 20,007 3,892 (3,892 ) 20,007 Income tax expense 8,342 — — 8,342 Net income $ 11,665 $ 3,892 $ (3,892 ) $ 11,665 CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended September 30, 2015 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 96,768 $ 21,287 $ — $ 118,055 New equipment sales 57,311 9,241 — 66,552 Used equipment sales 22,124 6,987 — 29,111 Parts sales 25,429 3,539 — 28,968 Services revenues 14,206 2,521 — 16,727 Other 14,110 3,330 — 17,440 Total revenues 229,948 46,905 — 276,853 Cost of revenues: Rental depreciation 34,194 6,769 — 40,963 Rental expense 15,705 3,505 — 19,210 New equipment sales 51,569 8,431 — 60,000 Used equipment sales 15,501 4,761 — 20,262 Parts sales 18,547 2,551 — 21,098 Services revenues 4,811 771 — 5,582 Other 13,657 3,244 — 16,901 Total cost of revenues 153,984 30,032 — 184,016 Gross profit: Equipment rentals 46,869 11,013 — 57,882 New equipment sales 5,742 810 — 6,552 Used equipment sales 6,623 2,226 — 8,849 Parts sales 6,882 988 — 7,870 Services revenues 9,395 1,750 — 11,145 Other 453 86 — 539 Gross profit 75,964 16,873 — 92,837 Selling, general and administrative expenses 44,810 9,894 — 54,704 Equity in earnings of guarantor subsidiaries 3,663 — (3,663 ) — Gain on sales of property and equipment, net 232 107 — 339 Income from operations 35,049 7,086 (3,663 ) 38,472 Other income (expense): Interest expense (10,023 ) (3,458 ) — (13,481 ) Other, net 466 35 — 501 Total other expense, net (9,557 ) (3,423 ) — (12,980 ) Income before income taxes 25,492 3,663 (3,663 ) 25,492 Income tax expense 10,720 — — 10,720 Net income $ 14,772 $ 3,663 $ (3,663 ) $ 14,772 CONDENSED CONSOLIDATING STATEMENT OF INCOME Nine Months Ended September 30, 2016 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 270,927 $ 59,096 $ — $ 330,023 New equipment sales 124,450 27,386 — 151,836 Used equipment sales 59,515 12,458 — 71,973 Parts sales 71,323 10,635 — 81,958 Services revenues 42,140 7,182 — 49,322 Other 39,619 9,060 — 48,679 Total revenues 607,974 125,817 — 733,791 Cost of revenues: Rental depreciation 100,111 20,589 — 120,700 Rental expense 44,135 9,027 — 53,162 New equipment sales 110,594 24,558 — 135,152 Used equipment sales 41,565 8,186 — 49,751 Parts sales 51,660 7,524 — 59,184 Services revenues 14,470 2,266 — 16,736 Other 39,069 9,060 — 48,129 Total cost of revenues 401,604 81,210 — 482,814 Gross profit: Equipment rentals 126,681 29,480 — 156,161 New equipment sales 13,856 2,828 — 16,684 Used equipment sales 17,950 4,272 — 22,222 Parts sales 19,663 3,111 — 22,774 Services revenues 27,670 4,916 — 32,586 Other 550 — — 550 Gross profit 206,370 44,607 — 250,977 Selling, general and administrative expenses 142,402 29,983 — 172,385 Equity in earnings of guarantor subsidiaries 8,388 — (8,388 ) — Gain on sales of property and equipment, net 1,948 353 — 2,301 Income from operations 74,304 14,977 (8,388 ) 80,893 Other income (expense): Interest expense (33,460 ) (6,769 ) — (40,229 ) Other, net 1,325 180 — 1,505 Total other expense, net (32,135 ) (6,589 ) — (38,724 ) Income before income taxes 42,169 8,388 (8,388 ) 42,169 Income tax expense 17,427 — — 17,427 Net income $ 24,742 $ 8,388 $ (8,388 ) $ 24,742 CONDENSED CONSOLIDATING STATEMENT OF INCOME Nine Months Ended September 30, 2015 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 271,270 $ 56,802 $ — $ 328,072 New equipment sales 156,657 18,808 — 175,465 Used equipment sales 66,072 17,041 — 83,113 Parts sales 73,516 10,884 — 84,400 Services revenues 40,279 7,173 — 47,452 Other 39,012 9,109 — 48,121 Total revenues 646,806 119,817 — 766,623 Cost of revenues: Rental depreciation 101,237 19,884 — 121,121 Rental expense 43,301 9,221 — 52,522 New equipment sales 139,121 16,947 — 156,068 Used equipment sales 45,672 11,089 — 56,761 Parts sales 53,435 7,789 — 61,224 Services revenues 13,719 2,298 — 16,017 Other 38,211 9,118 — 47,329 Total cost of revenues 434,696 76,346 — 511,042 Gross profit (loss): Equipment rentals 126,732 27,697 — 154,429 New equipment sales 17,536 1,861 — 19,397 Used equipment sales 20,400 5,952 — 26,352 Parts sales 20,081 3,095 — 23,176 Services revenues 26,560 4,875 — 31,435 Other 801 (9 ) — 792 Gross profit 212,110 43,471 — 255,581 Selling, general and administrative expenses 135,966 26,618 — 162,584 Equity in earnings of guarantor subsidiaries 7,023 — (7,023 ) — Gain on sales of property and equipment, net 1,306 463 — 1,769 Income from operations 84,473 17,316 (7,023 ) 94,766 Other income (expense): Interest expense (30,261 ) (10,414 ) — (40,675 ) Other, net 962 121 — 1,083 Total other expense, net (29,299 ) (10,293 ) — (39,592 ) Income before income taxes 55,174 7,023 (7,023 ) 55,174 Income tax expense 22,836 — — 22,836 Net income $ 32,338 $ 7,023 $ (7,023 ) $ 32,338 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2016 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 24,742 $ 8,388 $ (8,388 ) $ 24,742 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 18,022 2,299 — 20,321 Depreciation of rental equipment 100,111 20,589 — 120,700 Amortization of deferred financing costs 789 — — 789 Accretion of note discount, net of premium amortization 124 — — 124 Provision for losses on accounts receivable 2,507 216 — 2,723 Provision for inventory obsolescence 82 — — 82 Change in deferred income taxes 17,193 — — 17,193 Stock-based compensation expense 2,308 — — 2,308 Gain from sales of property and equipment, net (1,948 ) (353 ) — (2,301 ) Gain from sales of rental equipment, net (17,219 ) (4,231 ) — (21,450 ) Equity in earnings of guarantor subsidiaries (8,388 ) — 8,388 — Changes in operating assets and liabilities: Receivables 8,759 (2,987 ) — 5,772 Inventories (12,001 ) (3,219 ) — (15,220 ) Prepaid expenses and other assets 1,188 (28 ) — 1,160 Accounts payable (18,684 ) 135 — (18,549 ) Manufacturer flooring plans payable (24,377 ) 170 — (24,207 ) Accrued expenses payable and other liabilities (5,275 ) 839 — (4,436 ) Deferred compensation payable (348 ) — — (348 ) Net cash provided by operating activities 87,585 21,818 — 109,403 Cash flows from investing activities: Purchases of property and equipment (14,143 ) (2,610 ) — (16,753 ) Purchases of rental equipment (112,346 ) (40,298 ) — (152,644 ) Proceeds from sales of property and equipment 2,218 471 — 2,689 Proceeds from sales of rental equipment 50,528 11,731 — 62,259 Investment in subsidiaries (9,046 ) — 9,046 — Net cash used in investing activities. (82,789 ) (30,706 ) 9,046 (104,449 ) Cash flows from financing activities: Purchases of treasury stock (546 ) — — (546 ) Borrowings on senior secured credit facility 767,550 — — 767,550 Payments on senior secured credit facility (742,645 ) — — (742,645 ) Dividends paid (29,280 ) (7 ) — (29,287 ) Payments on capital lease obligations — (151 ) — (151 ) Capital contributions — 9,046 (9,046 ) — Net cash provided by (used in) financing activities (4,921 ) 8,888 (9,046 ) (5,079 ) Net decrease in cash (125 ) — — (125 ) Cash, beginning of period 7,159 — — 7,159 Cash, end of period $ 7,034 $ — $ — $ 7,034 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2015 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 32,338 $ 7,023 $ (7,023 ) $ 32,338 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 15,710 2,185 — 17,895 Depreciation of rental equipment 101,237 19,884 — 121,121 Amortization of deferred financing costs 774 — — 774 Accretion of note discount, net of premium amortization 126 — — 126 Provision for losses on accounts receivable 2,236 210 — 2,446 Provision for inventory obsolescence 201 — — 201 Change in deferred income taxes 22,514 — — 22,514 Stock-based compensation expense 2,036 — — 2,036 Gain from sales of property and equipment, net (1,306 ) (463 ) — (1,769 ) Gain from sales of rental equipment, net (19,366 ) (5,596 ) — (24,962 ) Equity in earnings of guarantor subsidiaries (7,023 ) — 7,023 - Changes in operating assets and liabilities: Receivables 8,097 7,185 — 15,282 Inventories (16,696 ) (1,977 ) — (18,673 ) Prepaid expenses and other assets (3,652 ) (50 ) — (3,702 ) Accounts payable 412 187 — 599 Manufacturer flooring plans payable (33,696 ) — — (33,696 ) Accrued expenses payable and other liabilities (12,276 ) 792 — (11,484 ) Deferred compensation payable 51 — — 51 Net cash provided by operating activities 91,717 29,380 — 121,097 Cash flows from investing activities: Purchases of property and equipment (19,997 ) (2,320 ) — (22,317 ) Purchases of rental equipment (104,735 ) (32,449 ) — (137,184 ) Proceeds from sales of property and equipment 2,050 532 — 2,582 Proceeds from sales of rental equipment 53,784 14,403 — 68,187 Investment in subsidiaries 9,398 — (9,398 ) — Net cash used in investing activities. (59,500 ) (19,834 ) (9,398 ) (88,732 ) Cash flows from financing activities: Purchases of treasury stock (470 ) — — (470 ) Borrowings on senior secured credit facility 768,572 — — 768,572 Payments on senior secured credit facility (778,903 ) — — (778,903 ) Dividends paid (27,365 ) (5 ) — (27,370 ) Payments of deferred financing costs (725 ) — — (725 ) Payments on capital lease obligations — (143 ) — (143 ) Capital contributions — (9,398 ) 9,398 - Net cash used in financing activities (38,891 ) (9,546 ) 9,398 (39,039 ) Net decrease in cash (6,674 ) — — (6,674 ) Cash, beginning of period 15,861 — — 15,861 Cash, end of period $ 9,187 $ — $ — $ 9,187

Organization and Nature of Op16

Organization and Nature of Operations (Policies)	9 Months Ended
	Sep. 30, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Our condensed consolidated financial statements include the financial position and results of operations of H&E Equipment Services, Inc. and its wholly-owned subsidiaries H&E Finance Corp., GNE Investments, Inc., Great Northern Equipment, Inc., H&E California Holding, Inc., H&E Equipment Services (California), LLC and H&E Equipment Services (Mid-Atlantic), Inc., collectively referred to herein as “we” or “us” or “our” or the “Company.” The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such regulations. In the opinion of management, all adjustments (consisting of all normal and recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three and nine month periods ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016, and therefore, the results and trends in these interim condensed consolidated financial statements may not be the same for the entire year. These interim condensed consolidated financial statements should be read in conjunction with the annual audited consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended December 31, 2015, from which the consolidated balance sheet amounts as of December 31, 2015 were derived. All significant intercompany accounts and transactions have been eliminated in these condensed consolidated financial statements. Business combinations accounted for as purchases are included in the condensed consolidated financial statements from their respective dates of acquisition. The nature of our business is such that short-term obligations are typically met by cash flows generated from long-term assets. Consequently, and consistent with industry practice, the accompanying condensed consolidated balance sheets are presented on an unclassified basis.
Use of Estimates	Use of Estimates We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America, which requires management to use its judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosures at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reported period. These assumptions and estimates could have a material effect on our condensed consolidated financial statements. Actual results may differ materially from those estimates. We review our estimates on an ongoing basis based on information currently available, and changes in facts and circumstances may cause us to revise these estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers Revenue Recognition In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . In March 2016, the FASB Issued ASU No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments Guidance Adopted in the First Quarter of 2016 In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs Interest-Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements - Amendments to SEC Paragraphs Pursuant to Staff Announcements Deferred Financing Costs Total Assets Senior Unsecured Notes Total Liabilities Total Liabilities and Stockholders’ Equity Previously reported $ 4,353 $ 1,301,087 $ 628,882 $ 1,158,499 $ 1,301,087 Reclassification of debt issuance costs (1,576 ) (1,576 ) (1,576 ) (1,576 ) (1,576 ) Current presentation $ 2,777 $ 1,299,511 $ 627,306 $ 1,156,923 $ 1,299,511

Significant Accounting Polici17

Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Changes in Total Assets and Liabilities Due to Presentation of Debt Issuance Costs Guidance Adopted	As a result of adopting this guidance, total assets and total liabilities as of December 31, 2015 changed as shown below (amounts in thousands). Deferred Financing Costs Total Assets Senior Unsecured Notes Total Liabilities Total Liabilities and Stockholders’ Equity Previously reported $ 4,353 $ 1,301,087 $ 628,882 $ 1,158,499 $ 1,301,087 Reclassification of debt issuance costs (1,576 ) (1,576 ) (1,576 ) (1,576 ) (1,576 ) Current presentation $ 2,777 $ 1,299,511 $ 627,306 $ 1,156,923 $ 1,299,511

Fair Value of Financial Instr18

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements	The carrying amounts and fair values of our other financial instruments subject to fair value disclosures as of September 30, 2016 and December 31, 2015 are presented in the table below (amounts in thousands) and have been calculated based upon market quotes and present value calculations based on market rates. September 30, 2016 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 4.50% (Level 3) $ 38,226 $ 33,497 Senior unsecured notes with interest computed at 7.0% (Level 1) 627,609 648,900 Capital leases payable with interest computed at 5.929% to 9.55% (Level 3) 1,756 1,172 Letter of credit (Level 3) — 155 December 31, 2015 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 5.00% (Level 3) $ 62,433 $ 54,710 Senior unsecured notes with interest computed at 7.0% (Level 1) 627,306 617,400 Capital leases payable with interest computed at 5.929% to 9.55% (Level 3) 1,907 1,329 Letter of credit (Level 3) — 145

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Summary of Activity in Stockholders' Equity	The following table summarizes the activity in Stockholders’ Equity for the nine month period ended September 30, 2016 (amounts in thousands, except share data): Common Stock Additional Total Shares Issued Amount Paid-in Capital Treasury Stock Retained Deficit Stockholders’ Equity Balances at December 31, 2015 39,333,571 $ 392 $ 220,879 $ (60,405 ) $ (18,278 ) $ 142,588 Stock-based compensation — — 2,308 — — 2,308 Tax deficiency associated with stock-based awards — — (370 ) — — (370 ) Cash dividends declared on common stock ($0.825 per share) — — — — (29,312 ) (29,312 ) Issuance of common stock 166,482 2 — — — 2 Repurchases of 29,815 shares of restricted common stock — — (546 ) — (546 ) Net income — — — — 24,742 24,742 Balances at September 30, 2016 39,500,053 $ 394 $ 222,817 $ (60,951 ) $ (22,848 ) $ 139,412

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Non-Vested Stock Activity	The following table summarizes our non-vested stock activity for the nine months ended September 30, 2016. All awards granted prior to May 16, 2016 were made pursuant to the Prior Stock Plan, and all grants subsequent to May 16, 2016 have been made pursuant to the 2016 Plan. Number of Shares Weighted Average Grant Date Fair Non-vested stock at December 31, 2015 322,355 $ 19.90 Granted 227,532 $ 17.39 Vested (133,783 ) $ 18.85 Forfeited (9,027 ) $ 18.99 Non-vested stock at September 30, 2016 407,077 $ 18.87
Schedule of Compensation Expense Related to Non-Vested Stock	The following table summarizes compensation expense related to non-vested stock, which is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of income for the three and nine months ended September 30, 2016 and 2015 (amounts in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Compensation expense $ 641 $ 531 $ 2,308 $ 2,036
Schedule of Share Based Compensation Stock Options Activity	The following table represents stock option activity for the nine months ended September 30, 2016: Number of Shares Weighted Average Exercise Price Weighted Average Contractual Life In Years Outstanding options at December 31, 2015 51,000 $ 17.80 Granted — — Exercised — — Canceled, forfeited or expired (45,000 ) $ 17.60 Outstanding options at September 30, 2016 6,000 $ 19.27 0.8 Options exercisable at September 30, 2016 6,000 $ 19.27 0.8

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Summary of Computation of Basic and Diluted Net Income Per Common Share	The following table sets forth the computation of basic and diluted net income per common share for the three and nine months ended September 30, 2016 and 2015 (amounts in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Basic net income per share: Net income $ 11,665 $ 14,772 $ 24,742 $ 32,338 Weighted average number of common shares outstanding 35,424 35,308 35,373 35,258 Net income per share of common stock – basic $ 0.33 $ 0.42 $ 0.70 $ 0.92 Diluted net income per share: Net income $ 11,665 $ 14,772 $ 24,742 $ 32,338 Weighted average number of common shares outstanding 35,424 35,308 35,373 35,258 Effect of dilutive securities: Effect of dilutive stock options — — — 13 Effect of dilutive non-vested restricted stock 80 42 88 46 Weighted average number of common shares outstanding – diluted 35,504 35,350 35,461 35,317 Net income per share of common stock – diluted $ 0.33 $ 0.42 $ 0.70 $ 0.92 Common shares excluded from the denominator as anti-dilutive: Stock options — 51 5 17 Non-vested restricted stock 1 17 2 7

Senior Unsecured Notes (Tables)

Senior Unsecured Notes (Tables)	9 Months Ended
	Sep. 30, 2016
Unsecured Debt [Member]
Debt Instrument [Line Items]
Reconciliation of Senior Unsecured Notes to Condensed Consolidated Balance Sheets	The following table reconciles our Senior Unsecured Notes to our Condensed Consolidated Balance Sheets (amounts in thousands): Balance at December 31, 2014 $ 628,714 Accretion of discount through December 31, 2015 1,055 Amortization of note premium through December 31, 2015 (887 ) Reclass of deferred financing costs to debt discount (see footnote 2) (1,576 ) Balance at December 31, 2015 $ 627,306 Accretion of discount through September 30, 2016 791 Amortization of note premium through September 30, 2016 (666 ) Amortization of deferred financing costs through September 30, 2016 178 Balance at September 30, 2016 $ 627,609

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of Information about Reportable Segments	The following table presents information about our reportable segments (amounts in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Segment Revenues: Equipment rentals $ 118,535 $ 118,055 $ 330,023 $ 328,072 New equipment sales 44,764 66,552 151,836 175,465 Used equipment sales 20,630 29,111 71,973 83,113 Parts sales 27,335 28,968 81,958 84,400 Services revenues 16,076 16,727 49,322 47,452 Total segmented revenues 227,340 259,413 685,112 718,502 Non-segmented revenues 17,346 17,440 48,679 48,121 Total revenues $ 244,686 $ 276,853 $ 733,791 $ 766,623 Segment Gross Profit: Equipment rentals $ 58,629 $ 57,882 $ 156,161 $ 154,429 New equipment sales 4,617 6,552 16,684 19,397 Used equipment sales 6,266 8,849 22,222 26,352 Parts sales 7,627 7,870 22,774 23,176 Services revenues 10,631 11,145 32,586 31,435 Total segmented gross profit 87,770 92,298 250,427 254,789 Non-segmented gross profit 355 539 550 792 Total gross profit $ 88,125 $ 92,837 $ 250,977 $ 255,581 Balances at September 30, December 31, 2016 2015 Segment identified assets: Equipment sales $ 55,853 $ 77,365 Equipment rentals 922,486 893,393 Parts and services 18,145 19,453 Total segment identified assets 996,484 990,211 Non-segment identified assets 295,341 309,300 Total assets $ 1,291,825 $ 1,299,511

Condensed Consolidating Finan24

Condensed Consolidating Financial Information of Guarantor Subsidiaries (Tables)	9 Months Ended
	Sep. 30, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET As of September 30, 2016 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 7,034 $ — $ — $ 7,034 Receivables, net 112,891 25,942 — 138,833 Inventories, net 66,822 7,176 — 73,998 Prepaid expenses and other assets 8,721 173 — 8,894 Rental equipment, net 763,627 158,859 — 922,486 Property and equipment, net 95,580 11,636 — 107,216 Deferred financing costs, net 2,167 — — 2,167 Investment in guarantor subsidiaries 228,976 — (228,976 ) — Goodwill 1,671 29,526 — 31,197 Total assets $ 1,287,489 $ 233,312 $ (228,976 ) $ 1,291,825 Liabilities and Stockholders’ Equity: Amounts due on senior secured credit facility $ 209,762 $ — $ — $ 209,762 Accounts payable 45,274 2,953 — 48,227 Manufacturer flooring plans payable 38,056 170 — 38,226 Accrued expenses payable and other liabilities 52,008 (506 ) — 51,502 Dividends payable 93 (37 ) — 56 Senior unsecured notes 627,609 — — 627,609 Capital leases payable — 1,756 — 1,756 Deferred income taxes 173,449 — — 173,449 Deferred compensation payable 1,826 — — 1,826 Total liabilities 1,148,077 4,336 — 1,152,413 Stockholders’ equity 139,412 228,976 (228,976 ) 139,412 Total liabilities and stockholders’ equity $ 1,287,489 $ 233,312 $ (228,976 ) $ 1,291,825 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2015 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 7,159 $ — $ — $ 7,159 Receivables, net 124,157 23,171 — 147,328 Inventories, net 88,831 7,987 — 96,818 Prepaid expenses and other assets 9,909 145 — 10,054 Rental equipment, net 750,773 142,620 — 893,393 Property and equipment, net 99,342 11,443 — 110,785 Deferred financing costs, net 2,777 — — 2,777 Investment in guarantor subsidiaries 211,542 — (211,542 ) — Goodwill 1,671 29,526 — 31,197 Total assets $ 1,296,161 $ 214,892 $ (211,542 ) $ 1,299,511 Liabilities and Stockholders’ Equity: Amount due on senior secured credit facility $ 184,857 $ — $ — $ 184,857 Accounts payable 63,959 2,818 — 66,777 Manufacturer flooring plans payable 62,433 — — 62,433 Dividends payable 62 (30 ) — 32 Accrued expenses payable and other liabilities 56,896 (1,345 ) — 55,551 Senior unsecured notes 627,306 — — 627,306 Capital leases payable — 1,907 — 1,907 Deferred income taxes 155,886 — — 155,886 Deferred compensation payable 2,174 — — 2,174 Total liabilities 1,153,573 3,350 — 1,156,923 Stockholders’ equity 142,588 211,542 (211,542 ) 142,588 Total liabilities and stockholders’ equity $ 1,296,161 $ 214,892 $ (211,542 ) $ 1,299,511
Condensed Consolidating Statement of Income	CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended September 30, 2016 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 96,310 $ 22,225 $ — $ 118,535 New equipment sales 37,110 7,654 — 44,764 Used equipment sales 16,778 3,852 — 20,630 Parts sales 23,807 3,528 — 27,335 Services revenues 13,693 2,383 — 16,076 Other 14,072 3,274 — 17,346 Total revenues 201,770 42,916 — 244,686 Cost of revenues: Rental depreciation 34,168 7,360 — 41,528 Rental expense 15,127 3,251 — 18,378 New equipment sales 33,206 6,941 — 40,147 Used equipment sales 11,762 2,602 — 14,364 Parts sales 17,221 2,487 — 19,708 Services revenues 4,686 759 — 5,445 Other 13,716 3,275 — 16,991 Total cost of revenues 129,886 26,675 — 156,561 Gross profit (loss): Equipment rentals 47,015 11,614 — 58,629 New equipment sales 3,904 713 — 4,617 Used equipment sales 5,016 1,250 — 6,266 Parts sales 6,586 1,041 — 7,627 Services revenues 9,007 1,624 — 10,631 Other 356 (1 ) — 355 Gross profit 71,884 16,241 — 88,125 Selling, general and administrative expenses 45,810 10,152 — 55,962 Equity in earnings of guarantor subsidiaries 3,892 — (3,892 ) — Gain on sales of property and equipment, net 782 145 — 927 Income from operations 30,748 6,234 (3,892 ) 33,090 Other income (expense): Interest expense (11,074 ) (2,395 ) — (13,469 ) Other, net 333 53 — 386 Total other expense, net (10,741 ) (2,342 ) — (13,083 ) Income before income taxes 20,007 3,892 (3,892 ) 20,007 Income tax expense 8,342 — — 8,342 Net income $ 11,665 $ 3,892 $ (3,892 ) $ 11,665 CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended September 30, 2015 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 96,768 $ 21,287 $ — $ 118,055 New equipment sales 57,311 9,241 — 66,552 Used equipment sales 22,124 6,987 — 29,111 Parts sales 25,429 3,539 — 28,968 Services revenues 14,206 2,521 — 16,727 Other 14,110 3,330 — 17,440 Total revenues 229,948 46,905 — 276,853 Cost of revenues: Rental depreciation 34,194 6,769 — 40,963 Rental expense 15,705 3,505 — 19,210 New equipment sales 51,569 8,431 — 60,000 Used equipment sales 15,501 4,761 — 20,262 Parts sales 18,547 2,551 — 21,098 Services revenues 4,811 771 — 5,582 Other 13,657 3,244 — 16,901 Total cost of revenues 153,984 30,032 — 184,016 Gross profit: Equipment rentals 46,869 11,013 — 57,882 New equipment sales 5,742 810 — 6,552 Used equipment sales 6,623 2,226 — 8,849 Parts sales 6,882 988 — 7,870 Services revenues 9,395 1,750 — 11,145 Other 453 86 — 539 Gross profit 75,964 16,873 — 92,837 Selling, general and administrative expenses 44,810 9,894 — 54,704 Equity in earnings of guarantor subsidiaries 3,663 — (3,663 ) — Gain on sales of property and equipment, net 232 107 — 339 Income from operations 35,049 7,086 (3,663 ) 38,472 Other income (expense): Interest expense (10,023 ) (3,458 ) — (13,481 ) Other, net 466 35 — 501 Total other expense, net (9,557 ) (3,423 ) — (12,980 ) Income before income taxes 25,492 3,663 (3,663 ) 25,492 Income tax expense 10,720 — — 10,720 Net income $ 14,772 $ 3,663 $ (3,663 ) $ 14,772 CONDENSED CONSOLIDATING STATEMENT OF INCOME Nine Months Ended September 30, 2016 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 270,927 $ 59,096 $ — $ 330,023 New equipment sales 124,450 27,386 — 151,836 Used equipment sales 59,515 12,458 — 71,973 Parts sales 71,323 10,635 — 81,958 Services revenues 42,140 7,182 — 49,322 Other 39,619 9,060 — 48,679 Total revenues 607,974 125,817 — 733,791 Cost of revenues: Rental depreciation 100,111 20,589 — 120,700 Rental expense 44,135 9,027 — 53,162 New equipment sales 110,594 24,558 — 135,152 Used equipment sales 41,565 8,186 — 49,751 Parts sales 51,660 7,524 — 59,184 Services revenues 14,470 2,266 — 16,736 Other 39,069 9,060 — 48,129 Total cost of revenues 401,604 81,210 — 482,814 Gross profit: Equipment rentals 126,681 29,480 — 156,161 New equipment sales 13,856 2,828 — 16,684 Used equipment sales 17,950 4,272 — 22,222 Parts sales 19,663 3,111 — 22,774 Services revenues 27,670 4,916 — 32,586 Other 550 — — 550 Gross profit 206,370 44,607 — 250,977 Selling, general and administrative expenses 142,402 29,983 — 172,385 Equity in earnings of guarantor subsidiaries 8,388 — (8,388 ) — Gain on sales of property and equipment, net 1,948 353 — 2,301 Income from operations 74,304 14,977 (8,388 ) 80,893 Other income (expense): Interest expense (33,460 ) (6,769 ) — (40,229 ) Other, net 1,325 180 — 1,505 Total other expense, net (32,135 ) (6,589 ) — (38,724 ) Income before income taxes 42,169 8,388 (8,388 ) 42,169 Income tax expense 17,427 — — 17,427 Net income $ 24,742 $ 8,388 $ (8,388 ) $ 24,742 CONDENSED CONSOLIDATING STATEMENT OF INCOME Nine Months Ended September 30, 2015 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 271,270 $ 56,802 $ — $ 328,072 New equipment sales 156,657 18,808 — 175,465 Used equipment sales 66,072 17,041 — 83,113 Parts sales 73,516 10,884 — 84,400 Services revenues 40,279 7,173 — 47,452 Other 39,012 9,109 — 48,121 Total revenues 646,806 119,817 — 766,623 Cost of revenues: Rental depreciation 101,237 19,884 — 121,121 Rental expense 43,301 9,221 — 52,522 New equipment sales 139,121 16,947 — 156,068 Used equipment sales 45,672 11,089 — 56,761 Parts sales 53,435 7,789 — 61,224 Services revenues 13,719 2,298 — 16,017 Other 38,211 9,118 — 47,329 Total cost of revenues 434,696 76,346 — 511,042 Gross profit (loss): Equipment rentals 126,732 27,697 — 154,429 New equipment sales 17,536 1,861 — 19,397 Used equipment sales 20,400 5,952 — 26,352 Parts sales 20,081 3,095 — 23,176 Services revenues 26,560 4,875 — 31,435 Other 801 (9 ) — 792 Gross profit 212,110 43,471 — 255,581 Selling, general and administrative expenses 135,966 26,618 — 162,584 Equity in earnings of guarantor subsidiaries 7,023 — (7,023 ) — Gain on sales of property and equipment, net 1,306 463 — 1,769 Income from operations 84,473 17,316 (7,023 ) 94,766 Other income (expense): Interest expense (30,261 ) (10,414 ) — (40,675 ) Other, net 962 121 — 1,083 Total other expense, net (29,299 ) (10,293 ) — (39,592 ) Income before income taxes 55,174 7,023 (7,023 ) 55,174 Income tax expense 22,836 — — 22,836 Net income $ 32,338 $ 7,023 $ (7,023 ) $ 32,338
Condensed Consolidating Statement of Cash Flows	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2016 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 24,742 $ 8,388 $ (8,388 ) $ 24,742 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 18,022 2,299 — 20,321 Depreciation of rental equipment 100,111 20,589 — 120,700 Amortization of deferred financing costs 789 — — 789 Accretion of note discount, net of premium amortization 124 — — 124 Provision for losses on accounts receivable 2,507 216 — 2,723 Provision for inventory obsolescence 82 — — 82 Change in deferred income taxes 17,193 — — 17,193 Stock-based compensation expense 2,308 — — 2,308 Gain from sales of property and equipment, net (1,948 ) (353 ) — (2,301 ) Gain from sales of rental equipment, net (17,219 ) (4,231 ) — (21,450 ) Equity in earnings of guarantor subsidiaries (8,388 ) — 8,388 — Changes in operating assets and liabilities: Receivables 8,759 (2,987 ) — 5,772 Inventories (12,001 ) (3,219 ) — (15,220 ) Prepaid expenses and other assets 1,188 (28 ) — 1,160 Accounts payable (18,684 ) 135 — (18,549 ) Manufacturer flooring plans payable (24,377 ) 170 — (24,207 ) Accrued expenses payable and other liabilities (5,275 ) 839 — (4,436 ) Deferred compensation payable (348 ) — — (348 ) Net cash provided by operating activities 87,585 21,818 — 109,403 Cash flows from investing activities: Purchases of property and equipment (14,143 ) (2,610 ) — (16,753 ) Purchases of rental equipment (112,346 ) (40,298 ) — (152,644 ) Proceeds from sales of property and equipment 2,218 471 — 2,689 Proceeds from sales of rental equipment 50,528 11,731 — 62,259 Investment in subsidiaries (9,046 ) — 9,046 — Net cash used in investing activities. (82,789 ) (30,706 ) 9,046 (104,449 ) Cash flows from financing activities: Purchases of treasury stock (546 ) — — (546 ) Borrowings on senior secured credit facility 767,550 — — 767,550 Payments on senior secured credit facility (742,645 ) — — (742,645 ) Dividends paid (29,280 ) (7 ) — (29,287 ) Payments on capital lease obligations — (151 ) — (151 ) Capital contributions — 9,046 (9,046 ) — Net cash provided by (used in) financing activities (4,921 ) 8,888 (9,046 ) (5,079 ) Net decrease in cash (125 ) — — (125 ) Cash, beginning of period 7,159 — — 7,159 Cash, end of period $ 7,034 $ — $ — $ 7,034 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2015 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 32,338 $ 7,023 $ (7,023 ) $ 32,338 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 15,710 2,185 — 17,895 Depreciation of rental equipment 101,237 19,884 — 121,121 Amortization of deferred financing costs 774 — — 774 Accretion of note discount, net of premium amortization 126 — — 126 Provision for losses on accounts receivable 2,236 210 — 2,446 Provision for inventory obsolescence 201 — — 201 Change in deferred income taxes 22,514 — — 22,514 Stock-based compensation expense 2,036 — — 2,036 Gain from sales of property and equipment, net (1,306 ) (463 ) — (1,769 ) Gain from sales of rental equipment, net (19,366 ) (5,596 ) — (24,962 ) Equity in earnings of guarantor subsidiaries (7,023 ) — 7,023 - Changes in operating assets and liabilities: Receivables 8,097 7,185 — 15,282 Inventories (16,696 ) (1,977 ) — (18,673 ) Prepaid expenses and other assets (3,652 ) (50 ) — (3,702 ) Accounts payable 412 187 — 599 Manufacturer flooring plans payable (33,696 ) — — (33,696 ) Accrued expenses payable and other liabilities (12,276 ) 792 — (11,484 ) Deferred compensation payable 51 — — 51 Net cash provided by operating activities 91,717 29,380 — 121,097 Cash flows from investing activities: Purchases of property and equipment (19,997 ) (2,320 ) — (22,317 ) Purchases of rental equipment (104,735 ) (32,449 ) — (137,184 ) Proceeds from sales of property and equipment 2,050 532 — 2,582 Proceeds from sales of rental equipment 53,784 14,403 — 68,187 Investment in subsidiaries 9,398 — (9,398 ) — Net cash used in investing activities. (59,500 ) (19,834 ) (9,398 ) (88,732 ) Cash flows from financing activities: Purchases of treasury stock (470 ) — — (470 ) Borrowings on senior secured credit facility 768,572 — — 768,572 Payments on senior secured credit facility (778,903 ) — — (778,903 ) Dividends paid (27,365 ) (5 ) — (27,370 ) Payments of deferred financing costs (725 ) — — (725 ) Payments on capital lease obligations — (143 ) — (143 ) Capital contributions — (9,398 ) 9,398 - Net cash used in financing activities (38,891 ) (9,546 ) 9,398 (39,039 ) Net decrease in cash (6,674 ) — — (6,674 ) Cash, beginning of period 15,861 — — 15,861 Cash, end of period $ 9,187 $ — $ — $ 9,187

Significant Accounting Polici25

Significant Accounting Policies - Changes in Total Assets and Liabilities Due to Presentation of Debt Issuance Costs Guidance Adopted (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Deferred Financing Costs	$ 2,167	$ 2,777
Total Assets	1,291,825	1,299,511
Senior Unsecured Notes	627,609	627,306	$ 628,714
Total Liabilities	1,152,413	1,156,923
Total Liabilities and Stockholders’ Equity	$ 1,291,825	1,299,511
Previously Reported [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Deferred Financing Costs		4,353
Total Assets		1,301,087
Senior Unsecured Notes		628,882
Total Liabilities		1,158,499
Total Liabilities and Stockholders’ Equity		1,301,087
Reclassification of Debt Issuance Costs [Member] | Restatement Adjustment [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Deferred Financing Costs		(1,576)
Total Assets		(1,576)
Senior Unsecured Notes		(1,576)
Total Liabilities		(1,576)
Total Liabilities and Stockholders’ Equity		$ (1,576)

Fair Value of Financial Instr26

Fair Value of Financial Instruments - Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable with interest computed at 4.50% and 5.00%, respectively (Level 3)	$ 38,226	$ 62,433
Senior unsecured notes with interest computed at 7.0% (Level 1)	627,609	627,306	$ 628,714
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)	1,756	1,907
Level 3 [Member] | Carrying Amount [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable with interest computed at 4.50% and 5.00%, respectively (Level 3)	38,226	62,433
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)	1,756	1,907
Level 3 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable with interest computed at 4.50% and 5.00%, respectively (Level 3)	33,497	54,710
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)	1,172	1,329
Letter of credit (Level 3)	155	145
Level 1 [Member] | Carrying Amount [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes with interest computed at 7.0% (Level 1)	627,609	627,306
Level 1 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes with interest computed at 7.0% (Level 1)	$ 648,900	$ 617,400

Fair Value of Financial Instr27

Fair Value of Financial Instruments - Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements (Parenthetical) (Detail)	Sep. 30, 2016	Dec. 31, 2015
Level 3 [Member] | Carrying Amount [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable, interest rate	4.50%	5.00%
Capital lease payable, interest rate, minimum	5.929%	5.929%
Capital lease payable interest rate, maximum	9.55%	9.55%
Level 3 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable, interest rate	4.50%	5.00%
Capital lease payable, interest rate, minimum	5.929%	5.929%
Capital lease payable interest rate, maximum	9.55%	9.55%
Level 1 [Member] | Carrying Amount [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes, interest rate	7.00%	7.00%
Level 1 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes, interest rate	7.00%	7.00%

Fair Value of Financial Instr28

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Transfer of financial assets	$ 0	$ 0	$ 0	$ 0
Transfer of financial liabilities	$ 0	$ 0	$ 0	$ 0

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Activity in Stockholders' Equity (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value			$ 142,588
Beginning balance, shares			39,333,571
Stock-based compensation			$ 2,308
Tax deficiency associated with stock-based awards			(370)
Cash dividends declared on common stock ($0.825 per share)			(29,312)
Issuance of common stock, value			2
Repurchases of 29,815 shares of restricted common stock			(546)
Net income	$ 11,665	$ 14,772	24,742	$ 32,338
Ending balance, value	$ 139,412		$ 139,412
Ending balance, shares	39,500,053		39,500,053
Common Stock [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value			$ 392
Beginning balance, shares			39,333,571
Issuance of common stock, value			$ 2
Issuance of common stock, shares			166,482
Ending balance, value	$ 394		$ 394
Ending balance, shares	39,500,053		39,500,053
Additional Paid-in Capital [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value			$ 220,879
Stock-based compensation			2,308
Tax deficiency associated with stock-based awards			(370)
Ending balance, value	$ 222,817		222,817
Treasury Stock [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value			(60,405)
Repurchases of 29,815 shares of restricted common stock			(546)
Ending balance, value	(60,951)		(60,951)
Retained Deficit [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value			(18,278)
Cash dividends declared on common stock ($0.825 per share)			(29,312)
Net income			24,742
Ending balance, value	$ (22,848)		$ (22,848)

Stockholders' Equity - Summar30

Stockholders' Equity - Summary of Activity in Stockholders' Equity (Parenthetical) (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Schedule of Capitalization, Equity [Line Items]
Cash dividends declared on common stock, per share	$ 0.275	$ 0.275	$ 0.825	$ 0.775
Repurchases of restricted common stock, shares			29,815
Retained Deficit [Member]
Schedule of Capitalization, Equity [Line Items]
Cash dividends declared on common stock, per share			$ 0.825

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2016USD ($)$ / sharesshares
2006 Stock-Based Incentive Compensation Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-Based incentive compensation plan, expiration period	10 years
Stock-Based incentive compensation plan, expiration date	2016-06
Unrecognized compensation expense related to non-vested stock	$ 5,600,000
Expected non-vested stock recognized over a weighted-average period	2 years 4 months 24 days
Unrecognized compensation expense related to stock option awards	$ 0
Closing price of common stock | $ / shares	$ 16.76
2016 Stock-Based Incentive Compensation Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-Based incentive compensation plan | shares	1,973,495
Stock-Based incentive compensation plan, description	Over the last ten years prior to June 2016, we had been granting awards under our 2006 Stock-Based Incentive Compensation Plan, as amended (the “Prior Stock Plan”). The Prior Stock Plan expired pursuant to its terms in June 2016, and the Company is no longer be able to grant equity awards under the Prior Stock Plan. At our annual meeting of stockholders in May 2016, our stockholders approved our 2016 Stock-Based Incentive Compensation Plan (the “2016 Plan”). Shares available for future stock-based payment awards under our 2016 Plan were 1,973,495 shares as of September 30, 2016. To the extent that awards granted under the Prior Stock Plan are forfeited or otherwise terminate for any reason whatsoever without an actual distribution or issuance of shares, the plan limit will be increased by such number of shares

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Non-Vested Stock Activity (Detail) - 2006 Stock-Based Incentive Compensation Plan [Member]	9 Months Ended
	Sep. 30, 2016$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Nonvested stock, beginning balance, Number of Shares | shares	322,355
Granted, Number of Shares | shares	227,532
Vested, Number of Shares | shares	(133,783)
Forfeited, Number of Shares | shares	(9,027)
Nonvested stock, ending balance, Number of Shares | shares	407,077
Nonvested stock, beginning balance, Weighted Average Grant Date Fair Value | $ / shares	$ 19.90
Granted, Weighted Average Grant Date Fair Value | $ / shares	17.39
Vested, Weighted Average Grant Date Fair Value | $ / shares	18.85
Forfeited, Weighted Average Grant Date Fair Value | $ / shares	18.99
Nonvested stock, ending balance, Weighted Average Grant Date Fair Value | $ / shares	$ 18.87

Stock-Based Compensation - Sc33

Stock-Based Compensation - Schedule of Compensation Expense Related to Non-Vested Stock (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
2006 Stock-Based Incentive Compensation Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense	$ 641	$ 531	$ 2,308	$ 2,036

Stock-Based Compensation - Sc34

Stock-Based Compensation - Schedule of Share Based Compensation Stock Options Activity (Detail) - 2006 Stock-Based Incentive Compensation Plan [Member]	9 Months Ended
	Sep. 30, 2016$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Options, Outstanding, Number of Shares, Beginning Balance | shares	51,000
Stock Options, Canceled, forfeited or expired, Number of Shares | shares	(45,000)
Stock Options, Outstanding, Number of Shares, Ending Balance | shares	6,000
Stock Options, Exercisable, Number of Shares | shares	6,000
Stock Options, Outstanding, Weighted Average Exercise Price, Beginning Balance | $ / shares	$ 17.80
Stock Options, Canceled, forfeited or expired, Weighted Average Exercise Price | $ / shares	17.60
Stock Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ / shares	19.27
Stock Options, Exercisable, Weighted Average Exercise Price | $ / shares	$ 19.27
Stock Options, Outstanding, Weighted Average Contractual Life In Years	9 months 18 days
Stock Options, Exercisable, Weighted Average Contractual Life In Years	9 months 18 days

Earnings per Share - Additional

Earnings per Share - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Restricted common shares, percentage	0.90%	0.80%	0.90%	0.80%

Earnings per Share - Summary of

Earnings per Share - Summary of Computation of Basic and Diluted Net Income Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Basic net income per share:
Net income	$ 11,665	$ 14,772	$ 24,742	$ 32,338
Weighted average number of common shares outstanding	35,424	35,308	35,373	35,258
Net income per share of common stock – basic	$ 0.33	$ 0.42	$ 0.70	$ 0.92
Diluted net income per share:
Net income	$ 11,665	$ 14,772	$ 24,742	$ 32,338
Weighted average number of common shares outstanding	35,424	35,308	35,373	35,258
Effect of dilutive securities:
Weighted average number of common shares outstanding - diluted	35,504	35,350	35,461	35,317
Net income per share of common stock – diluted	$ 0.33	$ 0.42	$ 0.70	$ 0.92
Stock Options [Member]
Effect of dilutive securities:
Effect of dilutive stock options and non-vested restricted stock				13
Common shares excluded from the denominator as anti-dilutive:
Common shares excluded from the denominator as anti-dilutive		51	5	17
Non-vested restricted stock [Member]
Effect of dilutive securities:
Effect of dilutive stock options and non-vested restricted stock	80	42	88	46
Common shares excluded from the denominator as anti-dilutive:
Common shares excluded from the denominator as anti-dilutive	1	17	2	7

Senior Secured Credit Facility

Senior Secured Credit Facility - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2016	Oct. 21, 2016	Feb. 05, 2015	May 21, 2014	May 20, 2014
Debt Instrument [Line Items]
Unused commitment fee margin percentage	0.375%
Payment of dividends and/or stock repurchases or redemptions	$ 75,000,000
Weighted average interest rate on the senior secured credit facility	2.70%
Basis points added to U S prime rate	1.00%
Basis points added to LIBOR	2.00%
Subsequent Event [Member]
Debt Instrument [Line Items]
Outstanding letters of credit		$ 7,700,000
Non-vested Restricted Stock [Member]
Debt Instrument [Line Items]
Payment of special cash dividend per share previously declared by the Company	$ 7
Maximum [Member]
Debt Instrument [Line Items]
Unused commitment fee margin percentage	0.50%
Index rate plus an applicable margin Percentage	1.25%
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
LIBOR plus an applicable margin Percentage	2.25%
Minimum [Member]
Debt Instrument [Line Items]
Unused commitment fee margin percentage	0.25%
Index rate plus an applicable margin Percentage	0.75%
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
LIBOR plus an applicable margin Percentage	1.75%
Letter of Credit [Member] | Maximum [Member]
Debt Instrument [Line Items]
Margin rate lowered in applicable to Letter of Credit	2.25%
Letter of Credit [Member] | Minimum [Member]
Debt Instrument [Line Items]
Margin rate lowered in applicable to Letter of Credit	1.75%
Wells Fargo Capital Finance, LLC [Member] | Senior Secured Credit Facility [Member]
Debt Instrument [Line Items]
Existing credit facility with its lenders	$ 602,500,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Existing credit facility with its lenders			$ 402,500,000
Uncommitted incremental revolving capacity				$ 150,000,000	$ 130,000,000
Debt instrument maturity date description	Extends the maturity date of the Credit Facility from February 29, 2017 to May 21, 2019
Available borrowings under our senior secured credit facility	$ 385,000,000
Debt instrument prime rate plus	3.25%
Credit facility interest rate description	The interest rate on the Credit Facility was based on a 3.25% U.S. Prime Rate plus 100 basis points or LIBOR plus 200 basis points.
Revolving Credit Facility [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Available borrowings under our senior secured credit facility		$ 391,600,000
Amended and Restated Credit Agreement [Member]
Debt Instrument [Line Items]
Existing credit facility with its lenders			$ 602,500,000

Senior Unsecured Notes - Reconc

Senior Unsecured Notes - Reconciliation of Senior Unsecured Notes to Condensed Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Debt Instrument [Line Items]
Senior unsecured notes, beginning balance	$ 627,306	$ 628,714	$ 628,714
Accretion of discount	791		1,055
Amortization of note premium	(666)		(887)
Reclass of deferred financing costs to debt discount			(1,576)
Amortization of deferred financing costs	789	$ 774
Senior unsecured notes, ending balance	627,609		$ 627,306
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Amortization of deferred financing costs	$ 178

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2016Customer	Sep. 30, 2015Customer	Sep. 30, 2016SegmentCustomer	Sep. 30, 2015Customer
Segment Reporting [Abstract]
Number of reportable segment | Segment			5
Sales to international customers	0.30%	0.50%	0.40%	0.60%
Customer accounted for more than 10% of revenue | Customer	0	0	0	0

Segment Information - Informati

Segment Information - Information about Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Segment Revenues:
Revenues	$ 244,686	$ 276,853	$ 733,791	$ 766,623
Segment Gross Profit:
Total gross profit	88,125	92,837	250,977	255,581
Segment identified assets:
Total assets	1,291,825		1,291,825		$ 1,299,511
Equipment Rentals [Member]
Segment Revenues:
Revenues	118,535	118,055	330,023	328,072
Segment Gross Profit:
Total gross profit	58,629	57,882	156,161	154,429
New Equipment Sales [Member]
Segment Revenues:
Revenues	44,764	66,552	151,836	175,465
Segment Gross Profit:
Total gross profit	4,617	6,552	16,684	19,397
Used Equipment Sales [Member]
Segment Revenues:
Revenues	20,630	29,111	71,973	83,113
Segment Gross Profit:
Total gross profit	6,266	8,849	22,222	26,352
Parts Sales [Member]
Segment Revenues:
Revenues	27,335	28,968	81,958	84,400
Segment Gross Profit:
Total gross profit	7,627	7,870	22,774	23,176
Services Revenues [Member]
Segment Revenues:
Revenues	16,076	16,727	49,322	47,452
Segment Gross Profit:
Total gross profit	10,631	11,145	32,586	31,435
Operating Segments [Member]
Segment Revenues:
Revenues	227,340	259,413	685,112	718,502
Segment Gross Profit:
Total gross profit	87,770	92,298	250,427	254,789
Segment identified assets:
Total assets	996,484		996,484		990,211
Operating Segments [Member] | Equipment Rentals [Member]
Segment Revenues:
Revenues	118,535	118,055	330,023	328,072
Segment Gross Profit:
Total gross profit	58,629	57,882	156,161	154,429
Segment identified assets:
Total assets	922,486		922,486		893,393
Operating Segments [Member] | New Equipment Sales [Member]
Segment Revenues:
Revenues	44,764	66,552	151,836	175,465
Segment Gross Profit:
Total gross profit	4,617	6,552	16,684	19,397
Operating Segments [Member] | Used Equipment Sales [Member]
Segment Revenues:
Revenues	20,630	29,111	71,973	83,113
Segment Gross Profit:
Total gross profit	6,266	8,849	22,222	26,352
Segment identified assets:
Total assets	55,853		55,853		77,365
Operating Segments [Member] | Parts Sales [Member]
Segment Revenues:
Revenues	27,335	28,968	81,958	84,400
Segment Gross Profit:
Total gross profit	7,627	7,870	22,774	23,176
Operating Segments [Member] | Services Revenues [Member]
Segment Revenues:
Revenues	16,076	16,727	49,322	47,452
Segment Gross Profit:
Total gross profit	10,631	11,145	32,586	31,435
Operating Segments [Member] | Parts and Services [Member]
Segment identified assets:
Total assets	18,145		18,145		19,453
Non-Segmented [Member]
Segment Revenues:
Revenues	17,346	17,440	48,679	48,121
Segment Gross Profit:
Total gross profit	355	$ 539	550	$ 792
Segment identified assets:
Total assets	$ 295,341		$ 295,341		$ 309,300

Condensed Consolidating Finan41

Condensed Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Assets:
Cash	$ 7,034	$ 7,159	$ 9,187	$ 15,861
Receivables, net	138,833	147,328
Inventories, net	73,998	96,818
Prepaid expenses and other assets	8,894	10,054
Rental equipment, net	922,486	893,393
Property and equipment, net	107,216	110,785
Deferred Financing Costs	2,167	2,777
Goodwill	31,197	31,197
Total assets	1,291,825	1,299,511
Liabilities and Stockholders’ Equity:
Amounts due on senior secured credit facility	209,762	184,857
Accounts payable	48,227	66,777
Manufacturer flooring plans payable	38,226	62,433
Dividends payable	56	32
Accrued expenses payable and other liabilities	51,502	55,551
Senior Unsecured Notes	627,609	627,306		628,714
Capital leases payable	1,756	1,907
Deferred income taxes	173,449	155,886
Deferred compensation payable	1,826	2,174
Total liabilities	1,152,413	1,156,923
Stockholders’ equity	139,412	142,588
Total liabilities and stockholders' equity	1,291,825	1,299,511
H & E Equipment Services [Member]
Assets:
Cash	7,034	7,159	$ 9,187	$ 15,861
Receivables, net	112,891	124,157
Inventories, net	66,822	88,831
Prepaid expenses and other assets	8,721	9,909
Rental equipment, net	763,627	750,773
Property and equipment, net	95,580	99,342
Deferred Financing Costs	2,167	2,777
Investment in guarantor subsidiaries	228,976	211,542
Goodwill	1,671	1,671
Total assets	1,287,489	1,296,161
Liabilities and Stockholders’ Equity:
Amounts due on senior secured credit facility	209,762	184,857
Accounts payable	45,274	63,959
Manufacturer flooring plans payable	38,056	62,433
Dividends payable	93	62
Accrued expenses payable and other liabilities	52,008	56,896
Senior Unsecured Notes	627,609	627,306
Deferred income taxes	173,449	155,886
Deferred compensation payable	1,826	2,174
Total liabilities	1,148,077	1,153,573
Stockholders’ equity	139,412	142,588
Total liabilities and stockholders' equity	1,287,489	1,296,161
Guarantor Subsidiaries [Member]
Assets:
Receivables, net	25,942	23,171
Inventories, net	7,176	7,987
Prepaid expenses and other assets	173	145
Rental equipment, net	158,859	142,620
Property and equipment, net	11,636	11,443
Goodwill	29,526	29,526
Total assets	233,312	214,892
Liabilities and Stockholders’ Equity:
Accounts payable	2,953	2,818
Manufacturer flooring plans payable	170
Dividends payable	(37)	(30)
Accrued expenses payable and other liabilities	(506)	(1,345)
Capital leases payable	1,756	1,907
Total liabilities	4,336	3,350
Stockholders’ equity	228,976	211,542
Total liabilities and stockholders' equity	233,312	214,892
Elimination [Member]
Assets:
Investment in guarantor subsidiaries	(228,976)	(211,542)
Total assets	(228,976)	(211,542)
Liabilities and Stockholders’ Equity:
Stockholders’ equity	(228,976)	(211,542)
Total liabilities and stockholders' equity	$ (228,976)	$ (211,542)

Condensed Consolidating Finan42

Condensed Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Statement of Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Revenues	$ 244,686	$ 276,853	$ 733,791	$ 766,623
Services revenues	16,076	16,727	49,322	47,452
Other	17,346	17,440	48,679	48,121
Cost of revenues:
Cost of revenues	156,561	184,016	482,814	511,042
Services revenues	5,445	5,582	16,736	16,017
Other	16,991	16,901	48,129	47,329
Gross profit (loss):
Gross profit (loss)	88,125	92,837	250,977	255,581
Selling, general and administrative expenses	55,962	54,704	172,385	162,584
Gain on sales of property and equipment, net	927	339	2,301	1,769
Income from operations	33,090	38,472	80,893	94,766
Other income (expense):
Interest expense	(13,469)	(13,481)	(40,229)	(40,675)
Other, net	386	501	1,505	1,083
Total other expense, net	(13,083)	(12,980)	(38,724)	(39,592)
Income before provision for income taxes	20,007	25,492	42,169	55,174
Income tax expense	8,342	10,720	17,427	22,836
Net income	11,665	14,772	24,742	32,338
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	41,528	40,963	120,700	121,121
Rental Expense [Member]
Cost of revenues:
Cost of revenues	18,378	19,210	53,162	52,522
Elimination [Member]
Gross profit (loss):
Equity in earnings of guarantor subsidiaries	(3,892)	(3,663)	(8,388)	(7,023)
Income from operations	(3,892)	(3,663)	(8,388)	(7,023)
Other income (expense):
Income before provision for income taxes	(3,892)	(3,663)	(8,388)	(7,023)
Net income	(3,892)	(3,663)	(8,388)	(7,023)
Other [Member]
Gross profit (loss):
Gross profit (loss)	355	539	550	792
Equipment Rentals [Member]
Revenues:
Revenues	118,535	118,055	330,023	328,072
Gross profit (loss):
Gross profit (loss)	58,629	57,882	156,161	154,429
New Equipment Sales [Member]
Revenues:
Revenues	44,764	66,552	151,836	175,465
Cost of revenues:
Cost of revenues	40,147	60,000	135,152	156,068
Gross profit (loss):
Gross profit (loss)	4,617	6,552	16,684	19,397
Used Equipment Sales [Member]
Revenues:
Revenues	20,630	29,111	71,973	83,113
Cost of revenues:
Cost of revenues	14,364	20,262	49,751	56,761
Gross profit (loss):
Gross profit (loss)	6,266	8,849	22,222	26,352
Parts Sales [Member]
Revenues:
Revenues	27,335	28,968	81,958	84,400
Cost of revenues:
Cost of revenues	19,708	21,098	59,184	61,224
Gross profit (loss):
Gross profit (loss)	7,627	7,870	22,774	23,176
Services Revenues [Member]
Revenues:
Revenues	16,076	16,727	49,322	47,452
Cost of revenues:
Cost of revenues	5,445	5,582	16,736	16,017
Gross profit (loss):
Gross profit (loss)	10,631	11,145	32,586	31,435
H & E Equipment Services [Member]
Revenues:
Revenues	201,770	229,948	607,974	646,806
Services revenues	13,693	14,206	42,140	40,279
Other	14,072	14,110	39,619	39,012
Cost of revenues:
Cost of revenues	129,886	153,984	401,604	434,696
Services revenues	4,686	4,811	14,470	13,719
Other	13,716	13,657	39,069	38,211
Gross profit (loss):
Gross profit (loss)	71,884	75,964	206,370	212,110
Selling, general and administrative expenses	45,810	44,810	142,402	135,966
Equity in earnings of guarantor subsidiaries	3,892	3,663	8,388	7,023
Gain on sales of property and equipment, net	782	232	1,948	1,306
Income from operations	30,748	35,049	74,304	84,473
Other income (expense):
Interest expense	(11,074)	(10,023)	(33,460)	(30,261)
Other, net	333	466	1,325	962
Total other expense, net	(10,741)	(9,557)	(32,135)	(29,299)
Income before provision for income taxes	20,007	25,492	42,169	55,174
Income tax expense	8,342	10,720	17,427	22,836
Net income	11,665	14,772	24,742	32,338
H & E Equipment Services [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	34,168	34,194	100,111	101,237
H & E Equipment Services [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	15,127	15,705	44,135	43,301
H & E Equipment Services [Member] | Other [Member]
Gross profit (loss):
Gross profit (loss)	356	453	550	801
H & E Equipment Services [Member] | Equipment Rentals [Member]
Revenues:
Revenues	96,310	96,768	270,927	271,270
Gross profit (loss):
Gross profit (loss)	47,015	46,869	126,681	126,732
H & E Equipment Services [Member] | New Equipment Sales [Member]
Revenues:
Revenues	37,110	57,311	124,450	156,657
Cost of revenues:
Cost of revenues	33,206	51,569	110,594	139,121
Gross profit (loss):
Gross profit (loss)	3,904	5,742	13,856	17,536
H & E Equipment Services [Member] | Used Equipment Sales [Member]
Revenues:
Revenues	16,778	22,124	59,515	66,072
Cost of revenues:
Cost of revenues	11,762	15,501	41,565	45,672
Gross profit (loss):
Gross profit (loss)	5,016	6,623	17,950	20,400
H & E Equipment Services [Member] | Parts Sales [Member]
Revenues:
Revenues	23,807	25,429	71,323	73,516
Cost of revenues:
Cost of revenues	17,221	18,547	51,660	53,435
Gross profit (loss):
Gross profit (loss)	6,586	6,882	19,663	20,081
H & E Equipment Services [Member] | Services Revenues [Member]
Gross profit (loss):
Gross profit (loss)	9,007	9,395	27,670	26,560
Guarantor Subsidiaries [Member]
Revenues:
Revenues	42,916	46,905	125,817	119,817
Services revenues	2,383	2,521	7,182	7,173
Other	3,274	3,330	9,060	9,109
Cost of revenues:
Cost of revenues	26,675	30,032	81,210	76,346
Services revenues	759	771	2,266	2,298
Other	3,275	3,244	9,060	9,118
Gross profit (loss):
Gross profit (loss)	16,241	16,873	44,607	43,471
Selling, general and administrative expenses	10,152	9,894	29,983	26,618
Gain on sales of property and equipment, net	145	107	353	463
Income from operations	6,234	7,086	14,977	17,316
Other income (expense):
Interest expense	(2,395)	(3,458)	(6,769)	(10,414)
Other, net	53	35	180	121
Total other expense, net	(2,342)	(3,423)	(6,589)	(10,293)
Income before provision for income taxes	3,892	3,663	8,388	7,023
Net income	3,892	3,663	8,388	7,023
Guarantor Subsidiaries [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	7,360	6,769	20,589	19,884
Guarantor Subsidiaries [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	3,251	3,505	9,027	9,221
Guarantor Subsidiaries [Member] | Other [Member]
Gross profit (loss):
Gross profit (loss)	(1)	86		(9)
Guarantor Subsidiaries [Member] | Equipment Rentals [Member]
Revenues:
Revenues	22,225	21,287	59,096	56,802
Gross profit (loss):
Gross profit (loss)	11,614	11,013	29,480	27,697
Guarantor Subsidiaries [Member] | New Equipment Sales [Member]
Revenues:
Revenues	7,654	9,241	27,386	18,808
Cost of revenues:
Cost of revenues	6,941	8,431	24,558	16,947
Gross profit (loss):
Gross profit (loss)	713	810	2,828	1,861
Guarantor Subsidiaries [Member] | Used Equipment Sales [Member]
Revenues:
Revenues	3,852	6,987	12,458	17,041
Cost of revenues:
Cost of revenues	2,602	4,761	8,186	11,089
Gross profit (loss):
Gross profit (loss)	1,250	2,226	4,272	5,952
Guarantor Subsidiaries [Member] | Parts Sales [Member]
Revenues:
Revenues	3,528	3,539	10,635	10,884
Cost of revenues:
Cost of revenues	2,487	2,551	7,524	7,789
Gross profit (loss):
Gross profit (loss)	1,041	988	3,111	3,095
Guarantor Subsidiaries [Member] | Services Revenues [Member]
Gross profit (loss):
Gross profit (loss)	$ 1,624	$ 1,750	$ 4,916	$ 4,875

Condensed Consolidating Finan43

Condensed Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net income	$ 11,665	$ 14,772	$ 24,742	$ 32,338
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment			20,321	17,895
Depreciation of rental equipment			120,700	121,121
Amortization of deferred financing costs			789	774
Accretion of note discount, net of premium amortization			124	126
Provision for losses on accounts receivable			2,723	2,446
Provision for inventory obsolescence			82	201
Change in deferred income taxes			17,193	22,514
Stock-based compensation expense			2,308	2,036
Gain from sales of property and equipment, net	(927)	(339)	(2,301)	(1,769)
Gain from sales of rental equipment, net			(21,450)	(24,962)
Changes in operating assets and liabilities:
Receivables			5,772	15,282
Inventories			(15,220)	(18,673)
Prepaid expenses and other assets			1,160	(3,702)
Accounts payable			(18,549)	599
Manufacturer flooring plans payable			(24,207)	(33,696)
Accrued expenses payable and other liabilities			(4,436)	(11,484)
Deferred compensation payable			(348)	51
Net cash provided by operating activities			109,403	121,097
Cash flows from investing activities:
Purchases of property and equipment			(16,753)	(22,317)
Purchases of rental equipment			(152,644)	(137,184)
Proceeds from sales of property and equipment			2,689	2,582
Proceeds from sales of rental equipment			62,259	68,187
Net cash used in investing activities			(104,449)	(88,732)
Cash flows from financing activities:
Purchases of treasury stock			(546)	(470)
Borrowings on senior secured credit facility			767,550	768,572
Payments on senior secured credit facility			(742,645)	(778,903)
Dividends paid			(29,287)	(27,370)
Payments of deferred financing costs				(725)
Payments of capital lease obligations			(151)	(143)
Net cash used in financing activities			(5,079)	(39,039)
Net decrease in cash			(125)	(6,674)
Cash, beginning of period			7,159	15,861
Cash, end of period	7,034	9,187	7,034	9,187
H & E Equipment Services [Member]
Cash flows from operating activities:
Net income	11,665	14,772	24,742	32,338
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment			18,022	15,710
Depreciation of rental equipment			100,111	101,237
Amortization of deferred financing costs			789	774
Accretion of note discount, net of premium amortization			124	126
Provision for losses on accounts receivable			2,507	2,236
Provision for inventory obsolescence			82	201
Change in deferred income taxes			17,193	22,514
Stock-based compensation expense			2,308	2,036
Gain from sales of property and equipment, net	(782)	(232)	(1,948)	(1,306)
Gain from sales of rental equipment, net			(17,219)	(19,366)
Equity in earnings of guarantor subsidiaries	(3,892)	(3,663)	(8,388)	(7,023)
Changes in operating assets and liabilities:
Receivables			8,759	8,097
Inventories			(12,001)	(16,696)
Prepaid expenses and other assets			1,188	(3,652)
Accounts payable			(18,684)	412
Manufacturer flooring plans payable			(24,377)	(33,696)
Accrued expenses payable and other liabilities			(5,275)	(12,276)
Deferred compensation payable			(348)	51
Net cash provided by operating activities			87,585	91,717
Cash flows from investing activities:
Purchases of property and equipment			(14,143)	(19,997)
Purchases of rental equipment			(112,346)	(104,735)
Proceeds from sales of property and equipment			2,218	2,050
Proceeds from sales of rental equipment			50,528	53,784
Investment in subsidiaries			(9,046)	9,398
Net cash used in investing activities			(82,789)	(59,500)
Cash flows from financing activities:
Purchases of treasury stock			(546)	(470)
Borrowings on senior secured credit facility			767,550	768,572
Payments on senior secured credit facility			(742,645)	(778,903)
Dividends paid			(29,280)	(27,365)
Payments of deferred financing costs				(725)
Net cash used in financing activities			(4,921)	(38,891)
Net decrease in cash			(125)	(6,674)
Cash, beginning of period			7,159	15,861
Cash, end of period	7,034	9,187	7,034	9,187
Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net income	3,892	3,663	8,388	7,023
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment			2,299	2,185
Depreciation of rental equipment			20,589	19,884
Provision for losses on accounts receivable			216	210
Gain from sales of property and equipment, net	(145)	(107)	(353)	(463)
Gain from sales of rental equipment, net			(4,231)	(5,596)
Changes in operating assets and liabilities:
Receivables			(2,987)	7,185
Inventories			(3,219)	(1,977)
Prepaid expenses and other assets			(28)	(50)
Accounts payable			135	187
Manufacturer flooring plans payable			170
Accrued expenses payable and other liabilities			839	792
Net cash provided by operating activities			21,818	29,380
Cash flows from investing activities:
Purchases of property and equipment			(2,610)	(2,320)
Purchases of rental equipment			(40,298)	(32,449)
Proceeds from sales of property and equipment			471	532
Proceeds from sales of rental equipment			11,731	14,403
Net cash used in investing activities			(30,706)	(19,834)
Cash flows from financing activities:
Dividends paid			(7)	(5)
Payments of capital lease obligations			(151)	(143)
Capital contributions			9,046	(9,398)
Net cash used in financing activities			8,888	(9,546)
Elimination [Member]
Cash flows from operating activities:
Net income	(3,892)	(3,663)	(8,388)	(7,023)
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of guarantor subsidiaries	$ 3,892	$ 3,663	8,388	7,023
Cash flows from investing activities:
Investment in subsidiaries			9,046	(9,398)
Net cash used in investing activities			9,046	(9,398)
Cash flows from financing activities:
Capital contributions			(9,046)	9,398
Net cash used in financing activities			$ (9,046)	$ 9,398