H&E Equipment Services (HEES) 10-Q 26 Oct 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 19, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
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		35,647,928

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash	$ 6,184	$ 7,683
Receivables, net of allowance for doubtful accounts of $3,541 and $3,769, respectively	152,823	140,037
Inventories, net of reserves for obsolescence of $946 and $900, respectively	83,067	53,909
Prepaid expenses and other assets	9,119	7,513
Rental equipment, net of accumulated depreciation of $485,735 and $437,522, respectively	917,075	893,816
Property and equipment, net of accumulated depreciation and amortization of $127,882 and $118,812, respectively	101,172	105,492
Deferred financing costs, net of accumulated amortization of $12,769 and $12,160, respectively	1,576	1,964
Goodwill	31,197	31,197
Total assets	1,302,213	1,241,611
Liabilities:
Amounts due on senior secured credit facility	77,197	162,642
Accounts payable	81,554	39,432
Manufacturer flooring plans payable	23,286	30,780
Accrued expenses payable and other liabilities	53,885	56,833
Dividends payable	120	67
Senior unsecured notes, net of unaccreted discount of $10,180 and $952 and deferred financing costs of $1,598 and $1,339, respectively	738,222	627,711
Capital leases payable	1,542	1,704
Deferred income taxes	184,706	177,835
Deferred compensation payable	1,886	1,842
Total liabilities	1,162,398	1,098,846
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; 39,626,433 and 39,496,759 shares issued at September 30, 2017 and December 31, 2016, respectively, and 35,650,211 and 35,554,491 shares outstanding at September 30, 2017 and December 31, 2016, respectively	395	394
Additional paid-in capital	226,158	223,544
Treasury stock at cost, 3,976,222 and 3,942,268 shares of common stock held at September 30, 2017 and December 31, 2016, respectively	(61,720)	(60,966)
Accumulated deficit	(25,018)	(20,207)
Total stockholders’ equity	139,815	142,765
Total liabilities and stockholders’ equity	$ 1,302,213	$ 1,241,611

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivables	$ 3,541	$ 3,769
Reserves for obsolescence inventories	946	900
Accumulated depreciation, rental equipment	485,735	437,522
Accumulated depreciation and amortization, property and equipment	127,882	118,812
Accumulated amortization, deferred financing costs	12,769	12,160
Unaccreted discount, net	10,180	952
Deferred financing costs	$ 1,598	$ 1,339
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	39,626,433	39,496,759
Common stock, shares outstanding	35,650,211	35,554,491
Treasury stock, shares	3,976,222	3,942,268

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Revenues	$ 259,162	$ 244,686	$ 735,353	$ 733,791
Cost of revenues:
Cost of revenues	165,136	156,561	476,315	482,814
Gross profit	94,026	88,125	259,038	250,977
Selling, general and administrative expenses	55,203	55,962	172,328	172,385
Merger breakup fee proceeds, net of merger costs	6,506		6,506
Gain on sales of property and equipment, net	2,325	927	4,431	2,301
Income from operations	47,654	33,090	97,647	80,893
Other income (expense):
Interest expense	(15,060)	(13,469)	(41,665)	(40,229)
Loss on early extinguishment of debt	(25,363)		(25,363)
Other, net	346	386	1,156	1,505
Total other expense, net	(40,077)	(13,083)	(65,872)	(38,724)
Income before provision for income taxes	7,577	20,007	31,775	42,169
Provision (Benefit) for income taxes	(885)	8,342	8,045	17,427
Net income	$ 8,462	$ 11,665	$ 23,730	$ 24,742
Net income per common share:
Basic	$ 0.24	$ 0.33	$ 0.67	$ 0.70
Diluted	$ 0.24	$ 0.33	$ 0.67	$ 0.70
Weighted average common shares outstanding:
Basic	35,543	35,424	35,494	35,373
Diluted	35,715	35,504	35,656	35,461
Dividends declared per common share outstanding	$ 0.275	$ 0.275	$ 0.825	$ 0.825
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	$ 43,255	$ 41,528	$ 125,996	$ 120,700
Rental Expense [Member]
Cost of revenues:
Cost of revenues	19,988	18,378	58,524	53,162
Operating Segments [Member]
Revenues:
Revenues	240,666	227,340	683,589	685,112
Cost of revenues:
Gross profit	93,006	87,770	258,056	250,427
Operating Segments [Member] | Equipment Rentals [Member]
Revenues:
Revenues	125,616	118,535	351,303	330,023
Cost of revenues:
Gross profit	62,373	58,629	166,783	156,161
Operating Segments [Member] | Equipment Rentals [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	43,255	41,528	125,996	120,700
Operating Segments [Member] | Equipment Rentals [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	19,988	18,378	58,524	53,162
Operating Segments [Member] | New Equipment Sales [Member]
Revenues:
Revenues	48,940	44,764	128,883	151,836
Cost of revenues:
Cost of revenues	43,609	40,147	114,440	135,152
Gross profit	5,331	4,617	14,443	16,684
Operating Segments [Member] | Used Equipment Sales [Member]
Revenues:
Revenues	22,250	20,630	75,219	71,973
Cost of revenues:
Cost of revenues	15,116	14,364	51,979	49,751
Gross profit	7,134	6,266	23,240	22,222
Operating Segments [Member] | Parts Sales [Member]
Revenues:
Revenues	27,763	27,335	81,063	81,958
Cost of revenues:
Cost of revenues	20,125	19,708	58,696	59,184
Gross profit	7,638	7,627	22,367	22,774
Operating Segments [Member] | Services Revenues [Member]
Revenues:
Revenues	16,097	16,076	47,121	49,322
Cost of revenues:
Cost of revenues	5,567	5,445	15,898	16,736
Gross profit	10,530	10,631	31,223	32,586
Other [Member]
Revenues:
Revenues	18,496	17,346	51,764	48,679
Cost of revenues:
Cost of revenues	17,476	16,991	50,782	48,129
Gross profit	$ 1,020	$ 355	$ 982	$ 550

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net income	$ 23,730	$ 24,742
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	18,092	20,321
Depreciation of rental equipment	125,996	120,700
Amortization of deferred financing costs	785	789
Accretion of note discount, net of premium amortization	239	124
Provision for losses on accounts receivable	3,048	2,723
Provision for inventory obsolescence	151	82
Change in deferred income taxes	7,752	17,193
Stock-based compensation expense	2,614	2,308
Loss on early extinguishment of debt	25,363
Gain from sales of property and equipment, net	(4,431)	(2,301)
Gain from sales of rental equipment, net	(22,196)	(21,450)
Changes in operating assets and liabilities:
Receivables	(15,811)	5,772
Inventories	(38,930)	(15,220)
Prepaid expenses and other assets	(1,606)	1,160
Accounts payable	42,122	(18,549)
Manufacturer flooring plans payable	(7,494)	(24,207)
Accrued expenses payable and other liabilities	(3,075)	(4,436)
Deferred compensation payable	44	(348)
Net cash provided by operating activities	156,393	109,403
Cash flows from investing activities:
Purchases of property and equipment	(16,002)	(16,753)
Purchases of rental equipment	(183,754)	(152,644)
Proceeds from sales of property and equipment	6,765	2,689
Proceeds from sales of rental equipment	66,316	62,259
Net cash used in investing activities	(126,675)	(104,449)
Cash flows from financing activities:
Purchases of treasury stock	(753)	(546)
Borrowings on senior secured credit facility	732,840	767,550
Payments on senior secured credit facility	(818,285)	(742,645)
Dividends paid	(29,369)	(29,287)
Principal payments on senior unsecured notes due 2022	(630,000)
Costs paid to tender and redeem senior unsecured notes due 2022	(23,336)
Proceeds from issuance of senior unsecured notes due 2025	750,000
Payments of deferred financing costs	(12,152)
Payments of capital lease obligations	(162)	(151)
Net cash used in financing activities	(31,217)	(5,079)
Net decrease in cash	(1,499)	(125)
Cash, beginning of period	7,683	7,159
Cash, end of period	6,184	7,034
Noncash asset purchases:
Assets transferred from new and used inventory to rental fleet	9,621	37,958
Purchases of property and equipment included in accrued expenses payable and other liabilities	(127)	(387)
Cash paid during the period for:
Interest	50,931	50,180
Income taxes paid, net of refunds received	$ 453	$ 271

Organization and Nature of Oper

Organization and Nature of Operations	9 Months Ended
	Sep. 30, 2017
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, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017, 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, 2016, from which the consolidated balance sheet amounts as of December 31, 2016 were derived. All significant intercompany accounts and transactions have been eliminated in these condensed consolidated financial statements. 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, 2017
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, 2016. During the nine month period ended September 30, 2017, 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 (Topic 606), which will supersede Accounting Standards Codification (“ASC”) Topic 605, Revenue Recognition, and other legacy industry-specific revenue recognition guidance. In August 2015, the FASB deferred the effective date of this new standard by one year. The FASB later issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606) – Principal versus Agent Considerations, in March 2016, ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606) – Identifying Performance Obligations and Licensing, in April 2016, ASU 2016-12, Revenue from Contracts with Customers (Topic 606) – Narrow-Scope Improvements and Practical Expedients, in May 2016, and ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, in December 2016, all of which further clarified aspects of Topic 606. Topic 606 requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In doing so, entities will need to use more judgment and make more estimates than under current guidance. These judgments and estimates may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. Topic 606 also requires an entity to disclose sufficient qualitative and quantitative information surrounding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Topic 606 permits the use of either a retrospective application to each prior period presented or retrospective application with the cumulative effect of initially applying Topic 606 at the date of adoption. Topic 606 will become effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. We will adopt Topic 606 as of January 1, 2018 using a full retrospective application to each prior period presented. Below is our evaluation of the impact from the adoption of Topic 606. Revenues from equipment rentals accounted for 47.8% of our total revenues for the nine months ended September 30, 2017. Based on our analysis of Topic 606, we have determined that the accounting for equipment rental revenues is outside the scope of Topic 606. Therefore, upon our adoption of the new revenue recognition guidance on January 1, 2018, we will recognize our revenues pursuant to two different accounting standards. Revenues from equipment rentals will continue to be accounted for pursuant to current lease accounting guidance until our adoption of the new lease accounting standard in 2019 (as further discussed below in the Topic 842 pending lease accounting guidance), while revenues from new and used equipment sales, parts and services revenues and other revenues will be subject to Topic 606 upon adoption and are further described below. Sales of new and used equipment accounted for 27.8% of our total revenues for the nine months ended September 30, 2017. Parts and services revenues comprised 17.4% of our total revenues for the nine months ended September 30, 2017. The primary impact to these revenue streams from the adoption of Topic 606 will relate to the accounting treatment of shipping and handling revenues, which we currently include in other revenues in our consolidated statements of income. Other revenues comprised approximately 7.0% of our total revenues for the nine months ended September 30, 2017. Our other revenues consist primarily of equipment support activities related to our equipment rental and distribution segments, such as hauling charges, parts freight, fuel charges, environmental fees and damage waiver charges. Pursuant to Topic 606, shipping and handling activities that are performed before the customer obtains control of the good are not a separate promised service to the customer. Rather, shipping and handling activities fulfill an entity’s promise to transfer the good. While the timing of our revenue recognition related to our shipping and handling activities, such as hauling revenues related to new and used equipment sales, maintenance and repair services, as well as parts freight, will not change upon adoption of the new guidance, we believe that Topic 606 requires our revenues related to shipping and handling activities to be treated as fulfillment activities as the customer typically obtains control of the good after the shipping and handling activities are performed. As such, shipping and handling revenues will be included and presented within their respective new equipment sales, used equipment sales, parts revenues, and services revenues consolidated statement of income line items rather than in the non-segmented other revenues line item. Related shipping and handling costs included in the non-segmented other costs of revenues line item in our consolidated statements of income should likewise be conformed and presented within their respective segment costs of revenues line items. While this change will only impact how our shipping and handling activities are presented within our revenues (and costs of revenues) line items within the consolidated statements of income and does not impact total revenues or total costs of revenues, this change will have a slight impact to the calculated gross profit (and gross margin) for new equipment sales, used equipment sales, parts revenues, service revenues and other revenues in comparison to how we have historically calculated those measures. Shipping and handling type revenues related to our new and used equipment sales, parts revenues and service revenues were approximately $6.1 million for the nine month period ended September 30, 2017, or approximately 0.8% of total revenues. We are in the process of implementing the above changes to our financial reporting processes and related internal controls over financial reporting. We do not expect these changes to result in a material impact to those reporting processes or internal controls. With respect to shipping and handling activities related to our equipment rental operations, we have determined that such hauling activities are a separate performance obligation as control passes to the customer when the rental equipment leaves our facility. While Topic 606 provides a practical expedient that allows entities to make an accounting policy election to treat the separate performance obligation as a fulfillment activity, we will continue to account for our rental equipment hauling activities as a separate performance obligation, resulting in no change to our historical presentation of hauling activities in other revenues (and other costs of revenues) in our consolidated statements of income. In February 2016, the FASB issued ASU 2016-02, Leases . Our operating leases include the real estate where all but 11 of our 79 branch locations are located as of September 30, 2017. Additionally, the Company leases numerous types of non-rental equipment. Given the size of our lease portfolio, we expect that the new standard will have a material effect on our consolidated balance sheets as a result of recognizing new right-of-use assets and lease liabilities for our existing operating leases. We have begun accumulating the information related to these leases but have not completed our comprehensive analysis of those leases and are unable to quantify the impact to our consolidated financial statements at this time. We are also concurrently evaluating our internal processes and controls over financial reporting with respect to the impact that the new lease standard will have on our lease administration activities. As mentioned in the Topic 606 discussion above, our equipment rental business involves rental agreements with customers whereby we are the lessor in the transaction and therefore, we believe that such transactions are subject to the lessor accounting guidance of Topic 842. While our evaluation of ASU 2016-02 is ongoing with respect to our equipment rental activities, we have tentatively concluded that no significant changes are expected to the accounting for our rental equipment revenues, as substantially all of our rental agreements with customers will continue to be treated as operating leases under the new standard. Accordingly, we do not expect material changes to our related rental agreement accounting processes or internal controls. In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment Recent Accounting Pronouncements Adopted in the First Quarter of 2017 In July 2015, the FASB issued ASU 2015-11, Inventory: Simplifying the Measurement of Inventory In March 2016, the FASB Issued ASU No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting ASU 2016-09 eliminates the prior guidance requirement that allowed under certain circumstances the realization of excess tax benefits prior to recognition of those excess tax benefits. Under prior guidance, companies could not recognize excess tax benefits when an option was exercised or a share vested if the related tax deduction increased a net operating loss carryforward rather than reduced income taxes payable. ASU 2016-09 requires companies to apply this part of the guidance using a modified retrospective transition method and record a cumulative effect adjustment for previously unrecognized excess tax benefits. Accordingly, we recorded a cumulative effect adjustment to accumulated deficit as of January 1, 2017 of approximately $0.9 million for all excess tax benefits that had not been previously recognized because the related tax deduction had not reduced income taxes payable. ASU 2016-09 also clarifies that an entity should classify excess tax benefits along with other income tax cash flows as an operating activity in the statement of cash flows. This change eliminates the prior practice of grossing up the statement of cash flows for the effect of windfalls, i.e. reporting windfalls as outflows in operating activities and as inflows in financing activities. Under ASU 2016-09, the effect of windfalls will generally be reflected in net income from continuing operations under the indirect method. We have adopted this portion of the guidance on a retrospective basis. ASU 2016-09 also clarifies that employee taxes paid when an employer withholds shares of stock for tax withholding purposes be reported as financing activities in the consolidated statements of cash flows, which is how the Company has historically presented such activities in our statement of cash flows. We have elected to continue to estimate the number of stock-based awards expected to vest, as permitted by ASU 2016-09, rather than electing to account for forfeitures as they occur. Additional amendments to the accounting for statutory withholding tax requirements had no impact on our consolidated financial statements.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Acquisitions	(3) Acquisitions On July 14, 2017, we and Neff Corporation (“Neff”) announced that we had entered into a definitive merger agreement under which we would acquire Neff by way of merger. The merger agreement was subject to customary closing conditions, and also included a “go-shop” period expiring on August 20, 2017, during which Neff could solicit alternative proposals to acquire Neff. On August 13, 2017, Neff notified us that it had determined that an acquisition proposal Neff had received constituted a “Superior Proposal” (as defined in the merger agreement) to acquire Neff and that Neff intended to terminate the merger agreement with us to enter into an agreement for such acquisition proposal, subject to our right to match the proposal under the merger agreement. On August 16, 2017, we announced that we had notified Neff that we did not intend to submit a revised proposal for the acquisition of Neff, , and on August 17, 2017, Neff terminated the merger agreement with us and immediately entered into a definitive agreement with United Rentals, Inc. (“United Rentals”) under which United Rentals would acquire Neff. Pursuant to the terms of the merger agreement between us and Neff, Neff paid a termination fee to us of approximately $13.2 million concurrently with Neff’s termination of the merger agreement. We received the $13.2 million termination fee on August 16, 2017. Total estimated transaction costs related to the proposed merger with Neff, including related financing costs, were approximately $6.7 million, resulting in $6.5 million of net proceeds from the Neff transaction. The net breakup fee proceeds of $6.5 million are presented in our statements of income for the three and nine months ended September 30, 2017 in the line item, “Merger breakup fee proceeds, net of merger costs”. Included in the $6.7 million estimated transaction costs above are merger costs of $2.2 million that were incurred and previously reflected in our selling, general & administrative expenses for the six month period ended June 30, 2017, and were reclassified to the merger breakup fee proceeds, net of merger costs line item in the three month period ended September 30, 2017.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	(4) 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, 2017 and December 31, 2016 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, 2017 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 4.50% (Level 3) $ 23,286 $ 19,972 Senior unsecured notes with interest computed at 5.625% (Level 3) 738,222 498,063 Capital leases payable with interest computed at 5.929% to 9.55% (Level 3) 1,542 1,108 Letter of credit (Level 3) — 155 December 31, 2016 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 4.50% (Level 3) $ 30,780 $ 26,780 Senior unsecured notes with interest computed at 7.0% (Level 1) 627,711 663,075 Capital leases payable with interest computed at 5.929% to 9.55% (Level 3) 1,704 1,164 Letter of credit (Level 3) — 155 During the three and nine month periods ended September 30, 2017 and 2016, 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, 2017
Equity [Abstract]
Stockholders' Equity	(5) Stockholders’ Equity The following table summarizes the activity in Stockholders’ Equity for the nine month period ended September 30, 2017 (amounts in thousands, except share data): Common Stock Additional Retained Earnings Total Shares Issued Amount Paid-in Capital Treasury Stock (Accumulated Deficit) Stockholders’ Equity Balances at December 31, 2016 39,496,759 $ 394 $ 223,544 $ (60,966 ) $ (20,207 ) $ 142,765 Cumulative effect adjustment for previously unrecognized excess tax benefits pursuant to the adoption of ASU 2016-09 (see note (2)) — — — — 881 881 Stock-based compensation — — 2,614 — — 2,614 Cash dividends declared on common stock ($0.275 per share) — — — — (29,422 ) (29,422 ) Issuance of common stock 129,674 1 — — — 1 Repurchases of 33,954 shares of restricted common stock — — — (754 ) — (754 ) Net income — — — — 23,730 23,730 Balances at September 30, 2017 39,626,433 395 226,158 (61,720 ) (25,018 ) 139,815

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	(6) Stock-Based Compensation We account for our stock-based compensation plans using the fair value recognition provisions of Accounting Standards Codification (“ASC”) 718, Stock Compensation Non-vested Stock The following table summarizes our non-vested stock activity for the nine months ended September 30, 2017: Number of Shares Weighted Average Grant Date Fair Non-vested stock at December 31, 2016 400,801 $ 18.86 Granted 190,134 $ 22.94 Vested (128,825 ) $ 21.89 Forfeited (10,504 ) $ 19.21 Non-vested stock at September 30, 2017 451,606 $ 19.71 As of September 30, 2017, we had unrecognized compensation expense of approximately $5.8 million related to non-vested stock that we expect to be recognized over a weighted-average period of approximately 2.2 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, 2017 and 2016 (amounts in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Compensation expense $ 720 $ 641 $ 2,614 $ 2,308 Stock Options At September 30 2017, there is no unrecognized compensation expense as all previously issued and outstanding stock option awards have expired. The following table represents stock option activity for the nine months ended September 30, 2017: Number of Shares Weighted Average Exercise Price Weighted Average Contractual Life In Years Outstanding options at December 31, 2016 4,500 $ 19.27 Granted — — Exercised — — Canceled, forfeited or expired (4,500 ) $ 19.27 Outstanding options at September 30, 2017 — — — Options exercisable at September 30, 2017 — — —

Income per Share

Income per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Income per Share	(7) Income per Share Income per common share for the three and nine months ended September 30, 2017 and 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 0.8% of total outstanding shares for each of the three and nine month periods ended September 30, 2017 and 2016, respectively, and, consequently, was immaterial to the basic and diluted EPS calculations for the periods presented. 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, 2017 and 2016 (amounts in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Basic net income per share: Net income $ 8,462 $ 11,665 $ 23,730 $ 24,742 Weighted average number of common shares outstanding 35,543 35,424 35,494 35,373 Net income per share of common stock – basic $ 0.24 $ 0.33 $ 0.67 $ 0.70 Diluted net income per share: Net income $ 8,462 $ 11,665 $ 23,730 $ 24,742 Weighted average number of common shares outstanding 35,543 35,424 35,494 35,373 Effect of dilutive securities: Effect of dilutive stock options — — — — Effect of dilutive non-vested restricted stock 172 80 162 88 Weighted average number of common shares outstanding – diluted 35,715 35,504 35,656 35,461 Net income per share of common stock – diluted $ 0.24 $ 0.33 $ 0.67 $ 0.70 Common shares excluded from the denominator as anti-dilutive: Stock options — — — 5 Non-vested restricted stock — 1 — 2

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	(8) Income Taxes We recorded income tax expense of $8.0 million for the nine month period ended September 30, 2017 compared to income tax expense of $17.4 million for the nine month period ended September 30, 2016. Our effective income tax rate was 25.3% for the nine month period ended September 30, 2016 compared to 41.3% for the same nine month period last year, a decrease of 16.0%. The decrease in effective tax rate is primarily due to a net $5.3 million discrete tax benefit resulting from a reversal of an unrecognized tax benefit due to expiration of statute of limitations in the third quarter ended September 30, 2017. The gross amount of unrecognized tax benefits as of September 30, 2017 is $0.9 million. Based on available evidence, both positive and negative, we believe it is more likely than not that our federal deferred tax assets at September 30, 2017 are fully realizable through future reversals of existing taxable temporary differences and future taxable income, and are not subject to any limitations; however, for the quarter ended September 30, 2017, we increased our valuation allowance by $0.4 million for certain state net operating losses that may not be utilized.

Senior Secured Credit Facility

Senior Secured Credit Facility	9 Months Ended
	Sep. 30, 2017
Secured Debt [Member]
Senior Secured Credit Facility	(9) 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, 2017, we were in compliance with our financial covenants under the Credit Facility. At September 30, 2017, the Company could borrow up to an additional $517.6 million and remain in compliance with the debt covenants under the Company’s Credit Facility. At September 30, 2017, the interest rate on the Credit Facility was based on a 4.25% U.S. Prime Rate plus 100 basis points and LIBOR plus 200 basis points. The weighted average interest rate at September 30, 2017 was approximately 3.9%. At October 19, 2017, we had $526.6 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, 2017
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Senior Secured Credit Facility	(10) Senior Unsecured Notes On August 24, 2017, we completed an offering of $750 million aggregate principal amount of 5.625% senior notes due 2025 (the “New Notes”) and the settlement of a cash tender offer (the “Tender Offer”) with respect to our previously outstanding 7% senior notes due 2022 (the “Old Notes”). The New Notes and related guarantees were offered in a private placement solely to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or outside the United States to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. The New Notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder. Net proceeds, after deducting $10.3 million of estimated offering expenses, from the sale of the New Notes totaled approximately $739.7 million. We used a portion of the net proceeds from the sale of the New Notes to repurchase $329.7 million of its $630 million aggregate principal amount of the Old Notes in early settlement of the Tender Offer, which we launched on August 17, 2017. Holders who tendered their Old Notes prior to the early tender deadline received $1,038.90 per $1,000 principal amount of Old Notes tendered, plus accrued and unpaid interest up to, but not including, the payment date of August 24, 2017. Effective as of August 24, 2017, we (i) provided notice of the redemption of all remaining Old Notes that were not validly tendered in the Tender Offer at the expiration time and (ii) satisfied and discharged the indenture governing the Old Notes in accordance with its terms. On September 25, 2017, we redeemed the remaining $300.3 million principal amount outstanding of the Old Notes at a redemption price equal to 103.50% of the principal amount thereof, plus accrued and unpaid interest up to, but not including, the date of redemption. In connection with the above transactions, we recorded a one-time loss on the early extinguishment of debt of approximately $25.4 million, or approximately $18.9 million after-tax, reflecting payment of $12.8 million of tender premiums and $10.5 million of premiums in accordance with the indenture governing the Old Notes to redeem the Old Notes that remained outstanding following completion of the Tender Offer, combined with the write-off of approximately $2.0 million of unamortized note discount related to the Old Notes. Additional transaction costs incurred in connection with the offering of the New Notes totaled approximately $1.6 million. The New Notes were issued at par and require semiannual interest payments on March 1st and September 1st of each year, commencing on March 1, 2018. No principal payments are due until maturity (September 1, 2025). The New Notes are redeemable, in whole or in part, at any time on or after September 1, 2020 at specified redemption prices plus accrued and unpaid interest to the date of redemption. We may redeem up to 40% of the aggregate principal amount of the New Notes before September 1, 2020 with the net cash proceeds from certain equity offerings. We may also redeem the New Notes prior to September 1, 2020 at a specified “make-whole” redemption price plus accrued and unpaid interest to the date of redemption. The New Notes rank equally in right of payment to all of our existing and future senior indebtedness and rank senior to any of our subordinated indebtedness. The New Notes are unconditionally guaranteed on a senior unsecured basis by all of our current and future significant domestic restricted subsidiaries. In addition, the New Notes are effectively subordinated to all of our and the guarantors’ existing and future secured indebtedness, including the Credit Facility, to the extent of the assets securing such indebtedness, and are structurally subordinated to all of the liabilities and preferred stock of any of our subsidiaries that do not guarantee the New Notes. If we experience a change of control, we will be required to offer to purchase the New Notes at a repurchase price equal to 101% of the principal amount, plus accrued and unpaid interest to the date of repurchase. The indenture governing the New Notes contains certain covenants that, among other things, limit our ability and the ability of our restricted subsidiaries to: (i) incur additional indebtedness, assume a guarantee or issue preferred stock; (ii) pay dividends or make other equity distributions or payments to or affecting our subsidiaries; (iii) purchase or redeem our capital stock; (iv) make certain investments; (v) create liens; (vi) sell or dispose of assets or engage in mergers or consolidations; (vii) engage in certain transactions with subsidiaries or affiliates; (viii) enter into sale-leaseback transactions; and (ix) engage in certain business activities. Each of the covenants is subject to exceptions and qualifications. As of September 30, 2017, we were in compliance with these covenants. Pursuant to a registration rights agreement entered into between the Company, the guarantors of the New Notes and the initial purchasers of the New Notes, we agreed to make an offer to exchange (the “Exchange Offer”) the New Notes and guarantees for registered, publicly tradable notes and guarantees that have terms identical in all material respects to the New Notes (except that the exchange notes will not contain any transfer restrictions) within a certain period of time following the completion of the offering. The following table reconciles our Senior Unsecured Notes to our Condensed Consolidated Balance Sheets (amounts in thousands): Balance at December 31, 2015 $ 627,306 Accretion of discount through December 31, 2016 1,055 Amortization of note premium through December 31, 2016 (887 ) Amortization of deferred financing costs through December 31, 2016 237 Balance at December 31, 2016 $ 627,711 Accretion of discount on Old Notes 683 Amortization of note premium on Old Notes (574 ) Amortization of deferred financing costs on Old Notes 153 Aggregate principal amount paid on Old Notes (630,000 ) Writeoff of unaccreted discount on Old Notes 5,294 Writeoff of unamoritized note premium on Old Notes (4,452 ) Writeoff of deferred financing costs on Old Notes 1,185 Aggregate principal amount issued on New Notes 750,000 Note discount and deferred transaction costs on New Notes (11,931 ) Accretion of note discount on New Notes 132 Amortization of deferred financing costs on New Notes 21 Balance at September 30, 2017 $ 738,222

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Information	(11) 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, 2017 2016 2017 2016 Segment Revenues: Equipment rentals $ 125,616 $ 118,535 $ 351,303 $ 330,023 New equipment sales 48,940 44,764 128,883 151,836 Used equipment sales 22,250 20,630 75,219 71,973 Parts sales 27,763 27,335 81,063 81,958 Services revenues 16,097 16,076 47,121 49,322 Total segmented revenues 240,666 227,340 683,589 685,112 Non-segmented revenues 18,496 17,346 51,764 48,679 Total revenues $ 259,162 $ 244,686 $ 735,353 $ 733,791 Segment Gross Profit: Equipment rentals $ 62,373 $ 58,629 $ 166,783 $ 156,161 New equipment sales 5,331 4,617 14,443 16,684 Used equipment sales 7,134 6,266 23,240 22,222 Parts sales 7,638 7,627 22,367 22,774 Services revenues 10,530 10,631 31,223 32,586 Total segmented gross profit 93,006 87,770 258,056 250,427 Non-segmented gross profit 1,020 355 982 550 Total gross profit $ 94,026 $ 88,125 $ 259,038 $ 250,977 Balances at September 30, December 31, 2017 2016 Segment identified assets: Equipment sales $ 65,532 $ 37,912 Equipment rentals 917,075 893,816 Parts and services 17,535 15,997 Total segment identified assets 1,000,142 947,725 Non-segment identified assets 302,071 293,886 Total assets $ 1,302,213 $ 1,241,611 The Company operates primarily in the United States and our sales to international customers for the three month periods ended September 30, 2017 and 2016 were 0.1% and 0.3%, respectively, of total revenues. Our sales to international customers for the nine month periods ended September 30, 2017 and 2016 were 0.3% and 0.4%, 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, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Financial Information of Guarantor Subsidiaries	(12) 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. and Yellow Iron Merger Co. are not included within the consolidating financial statements because H&E Finance Corp. and Yellow Iron Merger Co. has no assets or operations. CONDENSED CONSOLIDATING BALANCE SHEET As of September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 6,184 $ — $ — $ 6,184 Receivables, net 124,955 27,868 — 152,823 Inventories, net 73,599 9,468 — 83,067 Prepaid expenses and other assets 8,935 184 — 9,119 Rental equipment, net 766,830 150,245 — 917,075 Property and equipment, net 91,867 9,305 — 101,172 Deferred financing costs, net 1,576 — — 1,576 Investment in guarantor subsidiaries 220,125 — (220,125 ) — Goodwill 1,671 29,526 — 31,197 Total assets $ 1,295,742 $ 226,596 $ (220,125 ) $ 1,302,213 Liabilities and Stockholders’ Equity: Amounts due on senior secured credit facility $ 77,197 $ — $ — $ 77,197 Accounts payable 77,858 3,696 — 81,554 Manufacturer flooring plans payable 21,703 1,583 — 23,286 Accrued expenses payable and other liabilities 54,190 (305 ) — 53,885 Dividends payable 165 (45 ) — 120 Senior unsecured notes 738,222 — — 738,222 Capital leases payable — 1,542 — 1,542 Deferred income taxes 184,706 — — 184,706 Deferred compensation payable 1,886 — — 1,886 Total liabilities 1,155,927 6,471 — 1,162,398 Stockholders’ equity 139,815 220,125 (220,125 ) 139,815 Total liabilities and stockholders’ equity $ 1,295,742 $ 226,596 $ (220,125 ) $ 1,302,213 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2016 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 7,683 $ — $ — $ 7,683 Receivables, net 112,758 27,279 — 140,037 Inventories, net 49,509 4,400 — 53,909 Prepaid expenses and other assets 7,343 170 — 7,513 Rental equipment, net 743,759 150,057 — 893,816 Property and equipment, net 93,866 11,626 — 105,492 Deferred financing costs, net 1,964 — — 1,964 Investment in guarantor subsidiaries 220,209 — (220,209 ) — Goodwill 1,671 29,526 — 31,197 Total assets $ 1,238,762 $ 223,058 $ (220,209 ) $ 1,241,611 Liabilities and Stockholders’ Equity: Amount due on senior secured credit facility $ 162,642 $ — $ — $ 162,642 Accounts payable 36,188 3,244 — 39,432 Manufacturer flooring plans payable 30,899 (119 ) — 30,780 Accrued expenses payable and other liabilities 58,774 (1,941 ) — 56,833 Dividends payable 106 (39 ) — 67 Senior unsecured notes 627,711 — — 627,711 Capital leases payable — 1,704 — 1,704 Deferred income taxes 177,835 — — 177,835 Deferred compensation payable 1,842 — — 1,842 Total liabilities 1,095,997 2,849 — 1,098,846 Stockholders’ equity 142,765 220,209 (220,209 ) 142,765 Total liabilities and stockholders’ equity $ 1,238,762 $ 223,058 $ (220,209 ) $ 1,241,611 CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 103,618 $ 21,998 $ — $ 125,616 New equipment sales 38,132 10,808 — 48,940 Used equipment sales 17,818 4,432 — 22,250 Parts sales 23,869 3,894 — 27,763 Services revenues 13,559 2,538 — 16,097 Other 15,112 3,384 — 18,496 Total revenues 212,108 47,054 — 259,162 Cost of revenues: Rental depreciation 35,886 7,369 — 43,255 Rental expense 16,630 3,358 — 19,988 New equipment sales 33,933 9,676 — 43,609 Used equipment sales 12,288 2,828 — 15,116 Parts sales 17,410 2,715 — 20,125 Services revenues 4,775 792 — 5,567 Other 14,467 3,009 — 17,476 Total cost of revenues 135,389 29,747 — 165,136 Gross profit: Equipment rentals 51,102 11,271 — 62,373 New equipment sales 4,199 1,132 — 5,331 Used equipment sales 5,530 1,604 — 7,134 Parts sales 6,459 1,179 — 7,638 Services revenues 8,784 1,746 — 10,530 Other 645 375 — 1,020 Gross profit 76,719 17,307 — 94,026 Selling, general and administrative expenses 44,408 10,795 — 55,203 Equity in earnings of guarantor subsidiaries 6,160 — (6,160 ) — Merger breakup fee proceeds, net of merger costs 6,506 — — 6,506 Gain on sales of property and equipment, net 342 1,983 — 2,325 Income from operations 45,319 8,495 (6,160 ) 47,654 Other income (expense): Interest expense (12,665 ) (2,395 ) — (15,060 ) Loss on early extinguishment of debt (25,363 ) — — (25,363 ) Other, net 286 60 — 346 Total other expense, net (37,742 ) (2,335 ) — (40,077 ) Income before income taxes 7,577 6,160 (6,160 ) 7,577 Income tax benefit (885 ) — — (885 ) Net income $ 8,462 $ 6,160 $ (6,160 ) $ 8,462 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: 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 Nine Months Ended September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 288,610 $ 62,693 $ — $ 351,303 New equipment sales 106,626 22,257 — 128,883 Used equipment sales 60,292 14,927 — 75,219 Parts sales 69,569 11,494 — 81,063 Services revenues 39,650 7,471 — 47,121 Other 42,352 9,412 — 51,764 Total revenues 607,099 128,254 — 735,353 Cost of revenues: Rental depreciation 104,177 21,819 — 125,996 Rental expense 48,607 9,917 — 58,524 New equipment sales 94,617 19,823 — 114,440 Used equipment sales 42,442 9,537 — 51,979 Parts sales 50,627 8,069 — 58,696 Services revenues 13,464 2,434 — 15,898 Other 41,507 9,275 — 50,782 Total cost of revenues 395,441 80,874 — 476,315 Gross profit (loss): Equipment rentals 135,826 30,957 — 166,783 New equipment sales 12,009 2,434 — 14,443 Used equipment sales 17,850 5,390 — 23,240 Parts sales 18,942 3,425 — 22,367 Services revenues 26,186 5,037 — 31,223 Other 845 137 — 982 Gross profit 211,658 47,380 — 259,038 Selling, general and administrative expenses 140,522 31,806 — 172,328 Equity in earnings of guarantor subsidiaries 11,141 — (11,141 ) — Merger breakup fee proceeds, net of merger costs 6,506 — — 6,506 Gain on sales of property and equipment, net 1,971 2,460 — 4,431 Income from operations 90,754 18,034 (11,141 ) 97,647 Other income (expense): Interest expense (34,522 ) (7,143 ) — (41,665 ) Loss on early extinguishment of debt (25,363 ) — — (25,363 ) Other, net 906 250 — 1,156 Total other expense, net (58,979 ) (6,893 ) — (65,872 ) Income before income taxes 31,775 11,141 (11,141 ) 31,775 Income tax expense 8,045 — — 8,045 Net income $ 23,730 $ 11,141 $ (11,141 ) $ 23,730 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 CASH FLOWS Nine Months Ended September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 23,730 $ 11,141 $ (11,141 ) $ 23,730 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 15,778 2,314 — 18,092 Depreciation of rental equipment 104,177 21,819 — 125,996 Amortization of deferred financing costs 785 — — 785 Accretion of note discount, net of premium amortization 239 — — 239 Provision for losses on accounts receivable 2,336 712 — 3,048 Provision for inventory obsolescence 151 — — 151 Change in deferred income taxes 7,752 — — 7,752 Stock-based compensation expense 2,614 — — 2,614 Loss on early extinguishment of debt 25,363 — — 25,363 Gain from sales of property and equipment, net (1,971 ) (2,460 ) — (4,431 ) Gain from sales of rental equipment, net (16,852 ) (5,344 ) — (22,196 ) Equity in earnings of guarantor subsidiaries (11,141 ) — 11,141 — Changes in operating assets and liabilities: Receivables (14,510 ) (1,301 ) — (15,811 ) Inventories (32,279 ) (6,651 ) — (38,930 ) Prepaid expenses and other assets (1,592 ) (14 ) — (1,606 ) Accounts payable 41,670 452 — 42,122 Manufacturer flooring plans payable (9,196 ) 1,702 — (7,494 ) Accrued expenses payable and other liabilities (4,711 ) 1,636 — (3,075 ) Deferred compensation payable 44 — — 44 Net cash provided by operating activities 132,387 24,006 — 156,393 Cash flows from investing activities: Purchases of property and equipment (14,618 ) (1,384 ) — (16,002 ) Purchases of rental equipment (154,057 ) (29,697 ) — (183,754 ) Proceeds from sales of property and equipment 2,914 3,851 — 6,765 Proceeds from sales of rental equipment 51,699 14,617 — 66,316 Investment in subsidiaries 11,225 — (11,225 ) — Net cash used in investing activities. (102,837 ) (12,613 ) (11,225 ) (126,675 ) Cash flows from financing activities: Purchases of treasury stock (753 ) (753 ) Borrowings on senior secured credit facility 732,840 — — 732,840 Payments on senior secured credit facility (818,285 ) — — (818,285 ) Dividends paid (29,363 ) (6 ) — (29,369 ) Principal payments on senior unsecured notes due 2022 (630,000 ) (630,000 ) Costs paid to tender and redeem senior unsecured notes due 2022 (23,336 ) (23,336 ) Proceeds from issuance of senior unsecured notes due 2025 750,000 750,000 Payments of deferred financing costs (12,152 ) (12,152 ) Payments on capital lease obligations — (162 ) — (162 ) Capital contributions — (11,225 ) 11,225 — Net cash used in financing activities (31,049 ) (11,393 ) 11,225 (31,217 ) Net decrease in cash (1,499 ) — — (1,499 ) Cash, beginning of period 7,683 — — 7,683 Cash, end of period $ 6,184 $ — $ — $ 6,184 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

Organization and Nature of Op18

Organization and Nature of Operations (Policies)	9 Months Ended
	Sep. 30, 2017
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, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017, 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, 2016, from which the consolidated balance sheet amounts as of December 31, 2016 were derived. All significant intercompany accounts and transactions have been eliminated in these condensed consolidated financial statements. 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 (Topic 606), which will supersede Accounting Standards Codification (“ASC”) Topic 605, Revenue Recognition, and other legacy industry-specific revenue recognition guidance. In August 2015, the FASB deferred the effective date of this new standard by one year. The FASB later issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606) – Principal versus Agent Considerations, in March 2016, ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606) – Identifying Performance Obligations and Licensing, in April 2016, ASU 2016-12, Revenue from Contracts with Customers (Topic 606) – Narrow-Scope Improvements and Practical Expedients, in May 2016, and ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, in December 2016, all of which further clarified aspects of Topic 606. Topic 606 requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In doing so, entities will need to use more judgment and make more estimates than under current guidance. These judgments and estimates may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. Topic 606 also requires an entity to disclose sufficient qualitative and quantitative information surrounding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Topic 606 permits the use of either a retrospective application to each prior period presented or retrospective application with the cumulative effect of initially applying Topic 606 at the date of adoption. Topic 606 will become effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. We will adopt Topic 606 as of January 1, 2018 using a full retrospective application to each prior period presented. Below is our evaluation of the impact from the adoption of Topic 606. Revenues from equipment rentals accounted for 47.8% of our total revenues for the nine months ended September 30, 2017. Based on our analysis of Topic 606, we have determined that the accounting for equipment rental revenues is outside the scope of Topic 606. Therefore, upon our adoption of the new revenue recognition guidance on January 1, 2018, we will recognize our revenues pursuant to two different accounting standards. Revenues from equipment rentals will continue to be accounted for pursuant to current lease accounting guidance until our adoption of the new lease accounting standard in 2019 (as further discussed below in the Topic 842 pending lease accounting guidance), while revenues from new and used equipment sales, parts and services revenues and other revenues will be subject to Topic 606 upon adoption and are further described below. Sales of new and used equipment accounted for 27.8% of our total revenues for the nine months ended September 30, 2017. Parts and services revenues comprised 17.4% of our total revenues for the nine months ended September 30, 2017. The primary impact to these revenue streams from the adoption of Topic 606 will relate to the accounting treatment of shipping and handling revenues, which we currently include in other revenues in our consolidated statements of income. Other revenues comprised approximately 7.0% of our total revenues for the nine months ended September 30, 2017. Our other revenues consist primarily of equipment support activities related to our equipment rental and distribution segments, such as hauling charges, parts freight, fuel charges, environmental fees and damage waiver charges. Pursuant to Topic 606, shipping and handling activities that are performed before the customer obtains control of the good are not a separate promised service to the customer. Rather, shipping and handling activities fulfill an entity’s promise to transfer the good. While the timing of our revenue recognition related to our shipping and handling activities, such as hauling revenues related to new and used equipment sales, maintenance and repair services, as well as parts freight, will not change upon adoption of the new guidance, we believe that Topic 606 requires our revenues related to shipping and handling activities to be treated as fulfillment activities as the customer typically obtains control of the good after the shipping and handling activities are performed. As such, shipping and handling revenues will be included and presented within their respective new equipment sales, used equipment sales, parts revenues, and services revenues consolidated statement of income line items rather than in the non-segmented other revenues line item. Related shipping and handling costs included in the non-segmented other costs of revenues line item in our consolidated statements of income should likewise be conformed and presented within their respective segment costs of revenues line items. While this change will only impact how our shipping and handling activities are presented within our revenues (and costs of revenues) line items within the consolidated statements of income and does not impact total revenues or total costs of revenues, this change will have a slight impact to the calculated gross profit (and gross margin) for new equipment sales, used equipment sales, parts revenues, service revenues and other revenues in comparison to how we have historically calculated those measures. Shipping and handling type revenues related to our new and used equipment sales, parts revenues and service revenues were approximately $6.1 million for the nine month period ended September 30, 2017, or approximately 0.8% of total revenues. We are in the process of implementing the above changes to our financial reporting processes and related internal controls over financial reporting. We do not expect these changes to result in a material impact to those reporting processes or internal controls. With respect to shipping and handling activities related to our equipment rental operations, we have determined that such hauling activities are a separate performance obligation as control passes to the customer when the rental equipment leaves our facility. While Topic 606 provides a practical expedient that allows entities to make an accounting policy election to treat the separate performance obligation as a fulfillment activity, we will continue to account for our rental equipment hauling activities as a separate performance obligation, resulting in no change to our historical presentation of hauling activities in other revenues (and other costs of revenues) in our consolidated statements of income. In February 2016, the FASB issued ASU 2016-02, Leases . Our operating leases include the real estate where all but 11 of our 79 branch locations are located as of September 30, 2017. Additionally, the Company leases numerous types of non-rental equipment. Given the size of our lease portfolio, we expect that the new standard will have a material effect on our consolidated balance sheets as a result of recognizing new right-of-use assets and lease liabilities for our existing operating leases. We have begun accumulating the information related to these leases but have not completed our comprehensive analysis of those leases and are unable to quantify the impact to our consolidated financial statements at this time. We are also concurrently evaluating our internal processes and controls over financial reporting with respect to the impact that the new lease standard will have on our lease administration activities. As mentioned in the Topic 606 discussion above, our equipment rental business involves rental agreements with customers whereby we are the lessor in the transaction and therefore, we believe that such transactions are subject to the lessor accounting guidance of Topic 842. While our evaluation of ASU 2016-02 is ongoing with respect to our equipment rental activities, we have tentatively concluded that no significant changes are expected to the accounting for our rental equipment revenues, as substantially all of our rental agreements with customers will continue to be treated as operating leases under the new standard. Accordingly, we do not expect material changes to our related rental agreement accounting processes or internal controls. In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In January 2017, the FASB issued ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment Recent Accounting Pronouncements Adopted in the First Quarter of 2017 In July 2015, the FASB issued ASU 2015-11, Inventory: Simplifying the Measurement of Inventory In March 2016, the FASB Issued ASU No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting ASU 2016-09 eliminates the prior guidance requirement that allowed under certain circumstances the realization of excess tax benefits prior to recognition of those excess tax benefits. Under prior guidance, companies could not recognize excess tax benefits when an option was exercised or a share vested if the related tax deduction increased a net operating loss carryforward rather than reduced income taxes payable. ASU 2016-09 requires companies to apply this part of the guidance using a modified retrospective transition method and record a cumulative effect adjustment for previously unrecognized excess tax benefits. Accordingly, we recorded a cumulative effect adjustment to accumulated deficit as of January 1, 2017 of approximately $0.9 million for all excess tax benefits that had not been previously recognized because the related tax deduction had not reduced income taxes payable. ASU 2016-09 also clarifies that an entity should classify excess tax benefits along with other income tax cash flows as an operating activity in the statement of cash flows. This change eliminates the prior practice of grossing up the statement of cash flows for the effect of windfalls, i.e. reporting windfalls as outflows in operating activities and as inflows in financing activities. Under ASU 2016-09, the effect of windfalls will generally be reflected in net income from continuing operations under the indirect method. We have adopted this portion of the guidance on a retrospective basis. ASU 2016-09 also clarifies that employee taxes paid when an employer withholds shares of stock for tax withholding purposes be reported as financing activities in the consolidated statements of cash flows, which is how the Company has historically presented such activities in our statement of cash flows. We have elected to continue to estimate the number of stock-based awards expected to vest, as permitted by ASU 2016-09, rather than electing to account for forfeitures as they occur. Additional amendments to the accounting for statutory withholding tax requirements had no impact on our consolidated financial statements.

Fair Value of Financial Instr19

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 and December 31, 2016 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, 2017 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 4.50% (Level 3) $ 23,286 $ 19,972 Senior unsecured notes with interest computed at 5.625% (Level 3) 738,222 498,063 Capital leases payable with interest computed at 5.929% to 9.55% (Level 3) 1,542 1,108 Letter of credit (Level 3) — 155 December 31, 2016 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 4.50% (Level 3) $ 30,780 $ 26,780 Senior unsecured notes with interest computed at 7.0% (Level 1) 627,711 663,075 Capital leases payable with interest computed at 5.929% to 9.55% (Level 3) 1,704 1,164 Letter of credit (Level 3) — 155

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 (amounts in thousands, except share data): Common Stock Additional Retained Earnings Total Shares Issued Amount Paid-in Capital Treasury Stock (Accumulated Deficit) Stockholders’ Equity Balances at December 31, 2016 39,496,759 $ 394 $ 223,544 $ (60,966 ) $ (20,207 ) $ 142,765 Cumulative effect adjustment for previously unrecognized excess tax benefits pursuant to the adoption of ASU 2016-09 (see note (2)) — — — — 881 881 Stock-based compensation — — 2,614 — — 2,614 Cash dividends declared on common stock ($0.275 per share) — — — — (29,422 ) (29,422 ) Issuance of common stock 129,674 1 — — — 1 Repurchases of 33,954 shares of restricted common stock — — — (754 ) — (754 ) Net income — — — — 23,730 23,730 Balances at September 30, 2017 39,626,433 395 226,158 (61,720 ) (25,018 ) 139,815

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017: Number of Shares Weighted Average Grant Date Fair Non-vested stock at December 31, 2016 400,801 $ 18.86 Granted 190,134 $ 22.94 Vested (128,825 ) $ 21.89 Forfeited (10,504 ) $ 19.21 Non-vested stock at September 30, 2017 451,606 $ 19.71
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, 2017 and 2016 (amounts in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Compensation expense $ 720 $ 641 $ 2,614 $ 2,308
Schedule of Share Based Compensation Stock Options Activity	The following table represents stock option activity for the nine months ended September 30, 2017: Number of Shares Weighted Average Exercise Price Weighted Average Contractual Life In Years Outstanding options at December 31, 2016 4,500 $ 19.27 Granted — — Exercised — — Canceled, forfeited or expired (4,500 ) $ 19.27 Outstanding options at September 30, 2017 — — — Options exercisable at September 30, 2017 — — —

Income per Share (Tables)

Income per Share (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 and 2016 (amounts in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Basic net income per share: Net income $ 8,462 $ 11,665 $ 23,730 $ 24,742 Weighted average number of common shares outstanding 35,543 35,424 35,494 35,373 Net income per share of common stock – basic $ 0.24 $ 0.33 $ 0.67 $ 0.70 Diluted net income per share: Net income $ 8,462 $ 11,665 $ 23,730 $ 24,742 Weighted average number of common shares outstanding 35,543 35,424 35,494 35,373 Effect of dilutive securities: Effect of dilutive stock options — — — — Effect of dilutive non-vested restricted stock 172 80 162 88 Weighted average number of common shares outstanding – diluted 35,715 35,504 35,656 35,461 Net income per share of common stock – diluted $ 0.24 $ 0.33 $ 0.67 $ 0.70 Common shares excluded from the denominator as anti-dilutive: Stock options — — — 5 Non-vested restricted stock — 1 — 2

Senior Unsecured Notes (Tables)

Senior Unsecured Notes (Tables)	9 Months Ended
	Sep. 30, 2017
Senior Unsecured Notes [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, 2015 $ 627,306 Accretion of discount through December 31, 2016 1,055 Amortization of note premium through December 31, 2016 (887 ) Amortization of deferred financing costs through December 31, 2016 237 Balance at December 31, 2016 $ 627,711 Accretion of discount on Old Notes 683 Amortization of note premium on Old Notes (574 ) Amortization of deferred financing costs on Old Notes 153 Aggregate principal amount paid on Old Notes (630,000 ) Writeoff of unaccreted discount on Old Notes 5,294 Writeoff of unamoritized note premium on Old Notes (4,452 ) Writeoff of deferred financing costs on Old Notes 1,185 Aggregate principal amount issued on New Notes 750,000 Note discount and deferred transaction costs on New Notes (11,931 ) Accretion of note discount on New Notes 132 Amortization of deferred financing costs on New Notes 21 Balance at September 30, 2017 $ 738,222

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 2016 2017 2016 Segment Revenues: Equipment rentals $ 125,616 $ 118,535 $ 351,303 $ 330,023 New equipment sales 48,940 44,764 128,883 151,836 Used equipment sales 22,250 20,630 75,219 71,973 Parts sales 27,763 27,335 81,063 81,958 Services revenues 16,097 16,076 47,121 49,322 Total segmented revenues 240,666 227,340 683,589 685,112 Non-segmented revenues 18,496 17,346 51,764 48,679 Total revenues $ 259,162 $ 244,686 $ 735,353 $ 733,791 Segment Gross Profit: Equipment rentals $ 62,373 $ 58,629 $ 166,783 $ 156,161 New equipment sales 5,331 4,617 14,443 16,684 Used equipment sales 7,134 6,266 23,240 22,222 Parts sales 7,638 7,627 22,367 22,774 Services revenues 10,530 10,631 31,223 32,586 Total segmented gross profit 93,006 87,770 258,056 250,427 Non-segmented gross profit 1,020 355 982 550 Total gross profit $ 94,026 $ 88,125 $ 259,038 $ 250,977 Balances at September 30, December 31, 2017 2016 Segment identified assets: Equipment sales $ 65,532 $ 37,912 Equipment rentals 917,075 893,816 Parts and services 17,535 15,997 Total segment identified assets 1,000,142 947,725 Non-segment identified assets 302,071 293,886 Total assets $ 1,302,213 $ 1,241,611

Condensed Consolidating Finan25

Condensed Consolidating Financial Information of Guarantor Subsidiaries (Tables)	9 Months Ended
	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET As of September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 6,184 $ — $ — $ 6,184 Receivables, net 124,955 27,868 — 152,823 Inventories, net 73,599 9,468 — 83,067 Prepaid expenses and other assets 8,935 184 — 9,119 Rental equipment, net 766,830 150,245 — 917,075 Property and equipment, net 91,867 9,305 — 101,172 Deferred financing costs, net 1,576 — — 1,576 Investment in guarantor subsidiaries 220,125 — (220,125 ) — Goodwill 1,671 29,526 — 31,197 Total assets $ 1,295,742 $ 226,596 $ (220,125 ) $ 1,302,213 Liabilities and Stockholders’ Equity: Amounts due on senior secured credit facility $ 77,197 $ — $ — $ 77,197 Accounts payable 77,858 3,696 — 81,554 Manufacturer flooring plans payable 21,703 1,583 — 23,286 Accrued expenses payable and other liabilities 54,190 (305 ) — 53,885 Dividends payable 165 (45 ) — 120 Senior unsecured notes 738,222 — — 738,222 Capital leases payable — 1,542 — 1,542 Deferred income taxes 184,706 — — 184,706 Deferred compensation payable 1,886 — — 1,886 Total liabilities 1,155,927 6,471 — 1,162,398 Stockholders’ equity 139,815 220,125 (220,125 ) 139,815 Total liabilities and stockholders’ equity $ 1,295,742 $ 226,596 $ (220,125 ) $ 1,302,213 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2016 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 7,683 $ — $ — $ 7,683 Receivables, net 112,758 27,279 — 140,037 Inventories, net 49,509 4,400 — 53,909 Prepaid expenses and other assets 7,343 170 — 7,513 Rental equipment, net 743,759 150,057 — 893,816 Property and equipment, net 93,866 11,626 — 105,492 Deferred financing costs, net 1,964 — — 1,964 Investment in guarantor subsidiaries 220,209 — (220,209 ) — Goodwill 1,671 29,526 — 31,197 Total assets $ 1,238,762 $ 223,058 $ (220,209 ) $ 1,241,611 Liabilities and Stockholders’ Equity: Amount due on senior secured credit facility $ 162,642 $ — $ — $ 162,642 Accounts payable 36,188 3,244 — 39,432 Manufacturer flooring plans payable 30,899 (119 ) — 30,780 Accrued expenses payable and other liabilities 58,774 (1,941 ) — 56,833 Dividends payable 106 (39 ) — 67 Senior unsecured notes 627,711 — — 627,711 Capital leases payable — 1,704 — 1,704 Deferred income taxes 177,835 — — 177,835 Deferred compensation payable 1,842 — — 1,842 Total liabilities 1,095,997 2,849 — 1,098,846 Stockholders’ equity 142,765 220,209 (220,209 ) 142,765 Total liabilities and stockholders’ equity $ 1,238,762 $ 223,058 $ (220,209 ) $ 1,241,611
Condensed Consolidating Statement of Income	CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 103,618 $ 21,998 $ — $ 125,616 New equipment sales 38,132 10,808 — 48,940 Used equipment sales 17,818 4,432 — 22,250 Parts sales 23,869 3,894 — 27,763 Services revenues 13,559 2,538 — 16,097 Other 15,112 3,384 — 18,496 Total revenues 212,108 47,054 — 259,162 Cost of revenues: Rental depreciation 35,886 7,369 — 43,255 Rental expense 16,630 3,358 — 19,988 New equipment sales 33,933 9,676 — 43,609 Used equipment sales 12,288 2,828 — 15,116 Parts sales 17,410 2,715 — 20,125 Services revenues 4,775 792 — 5,567 Other 14,467 3,009 — 17,476 Total cost of revenues 135,389 29,747 — 165,136 Gross profit: Equipment rentals 51,102 11,271 — 62,373 New equipment sales 4,199 1,132 — 5,331 Used equipment sales 5,530 1,604 — 7,134 Parts sales 6,459 1,179 — 7,638 Services revenues 8,784 1,746 — 10,530 Other 645 375 — 1,020 Gross profit 76,719 17,307 — 94,026 Selling, general and administrative expenses 44,408 10,795 — 55,203 Equity in earnings of guarantor subsidiaries 6,160 — (6,160 ) — Merger breakup fee proceeds, net of merger costs 6,506 — — 6,506 Gain on sales of property and equipment, net 342 1,983 — 2,325 Income from operations 45,319 8,495 (6,160 ) 47,654 Other income (expense): Interest expense (12,665 ) (2,395 ) — (15,060 ) Loss on early extinguishment of debt (25,363 ) — — (25,363 ) Other, net 286 60 — 346 Total other expense, net (37,742 ) (2,335 ) — (40,077 ) Income before income taxes 7,577 6,160 (6,160 ) 7,577 Income tax benefit (885 ) — — (885 ) Net income $ 8,462 $ 6,160 $ (6,160 ) $ 8,462 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: 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 Nine Months Ended September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 288,610 $ 62,693 $ — $ 351,303 New equipment sales 106,626 22,257 — 128,883 Used equipment sales 60,292 14,927 — 75,219 Parts sales 69,569 11,494 — 81,063 Services revenues 39,650 7,471 — 47,121 Other 42,352 9,412 — 51,764 Total revenues 607,099 128,254 — 735,353 Cost of revenues: Rental depreciation 104,177 21,819 — 125,996 Rental expense 48,607 9,917 — 58,524 New equipment sales 94,617 19,823 — 114,440 Used equipment sales 42,442 9,537 — 51,979 Parts sales 50,627 8,069 — 58,696 Services revenues 13,464 2,434 — 15,898 Other 41,507 9,275 — 50,782 Total cost of revenues 395,441 80,874 — 476,315 Gross profit (loss): Equipment rentals 135,826 30,957 — 166,783 New equipment sales 12,009 2,434 — 14,443 Used equipment sales 17,850 5,390 — 23,240 Parts sales 18,942 3,425 — 22,367 Services revenues 26,186 5,037 — 31,223 Other 845 137 — 982 Gross profit 211,658 47,380 — 259,038 Selling, general and administrative expenses 140,522 31,806 — 172,328 Equity in earnings of guarantor subsidiaries 11,141 — (11,141 ) — Merger breakup fee proceeds, net of merger costs 6,506 — — 6,506 Gain on sales of property and equipment, net 1,971 2,460 — 4,431 Income from operations 90,754 18,034 (11,141 ) 97,647 Other income (expense): Interest expense (34,522 ) (7,143 ) — (41,665 ) Loss on early extinguishment of debt (25,363 ) — — (25,363 ) Other, net 906 250 — 1,156 Total other expense, net (58,979 ) (6,893 ) — (65,872 ) Income before income taxes 31,775 11,141 (11,141 ) 31,775 Income tax expense 8,045 — — 8,045 Net income $ 23,730 $ 11,141 $ (11,141 ) $ 23,730 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 Cash Flows	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 23,730 $ 11,141 $ (11,141 ) $ 23,730 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 15,778 2,314 — 18,092 Depreciation of rental equipment 104,177 21,819 — 125,996 Amortization of deferred financing costs 785 — — 785 Accretion of note discount, net of premium amortization 239 — — 239 Provision for losses on accounts receivable 2,336 712 — 3,048 Provision for inventory obsolescence 151 — — 151 Change in deferred income taxes 7,752 — — 7,752 Stock-based compensation expense 2,614 — — 2,614 Loss on early extinguishment of debt 25,363 — — 25,363 Gain from sales of property and equipment, net (1,971 ) (2,460 ) — (4,431 ) Gain from sales of rental equipment, net (16,852 ) (5,344 ) — (22,196 ) Equity in earnings of guarantor subsidiaries (11,141 ) — 11,141 — Changes in operating assets and liabilities: Receivables (14,510 ) (1,301 ) — (15,811 ) Inventories (32,279 ) (6,651 ) — (38,930 ) Prepaid expenses and other assets (1,592 ) (14 ) — (1,606 ) Accounts payable 41,670 452 — 42,122 Manufacturer flooring plans payable (9,196 ) 1,702 — (7,494 ) Accrued expenses payable and other liabilities (4,711 ) 1,636 — (3,075 ) Deferred compensation payable 44 — — 44 Net cash provided by operating activities 132,387 24,006 — 156,393 Cash flows from investing activities: Purchases of property and equipment (14,618 ) (1,384 ) — (16,002 ) Purchases of rental equipment (154,057 ) (29,697 ) — (183,754 ) Proceeds from sales of property and equipment 2,914 3,851 — 6,765 Proceeds from sales of rental equipment 51,699 14,617 — 66,316 Investment in subsidiaries 11,225 — (11,225 ) — Net cash used in investing activities. (102,837 ) (12,613 ) (11,225 ) (126,675 ) Cash flows from financing activities: Purchases of treasury stock (753 ) (753 ) Borrowings on senior secured credit facility 732,840 — — 732,840 Payments on senior secured credit facility (818,285 ) — — (818,285 ) Dividends paid (29,363 ) (6 ) — (29,369 ) Principal payments on senior unsecured notes due 2022 (630,000 ) (630,000 ) Costs paid to tender and redeem senior unsecured notes due 2022 (23,336 ) (23,336 ) Proceeds from issuance of senior unsecured notes due 2025 750,000 750,000 Payments of deferred financing costs (12,152 ) (12,152 ) Payments on capital lease obligations — (162 ) — (162 ) Capital contributions — (11,225 ) 11,225 — Net cash used in financing activities (31,049 ) (11,393 ) 11,225 (31,217 ) Net decrease in cash (1,499 ) — — (1,499 ) Cash, beginning of period 7,683 — — 7,683 Cash, end of period $ 6,184 $ — $ — $ 6,184 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

Significant Accounting Polici26

Significant Accounting Policies - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)Location	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)Location	Sep. 30, 2016USD ($)	Jan. 01, 2017USD ($)
Summary Of Significant Accounting Policy [Line Items]
Revenues	$ 259,162	$ 244,686	$ 735,353	$ 733,791
Number of branch locations | Location	79		79
Operating leases include real estate, number of branch location located | Location	11		11
ASU 2016-09 [Member]
Summary Of Significant Accounting Policy [Line Items]
Excess tax benefits recognized as discrete item in income tax expense	$ 100		$ 100
ASU 2016-09 [Member] | Retained Deficit [Member]
Summary Of Significant Accounting Policy [Line Items]
Cumulative effect adjustment to accumulated deficit for excess tax benefits that had not been previously recognized					$ 900
Maximum [Member]
Summary Of Significant Accounting Policy [Line Items]
Lease term			12 months
New and Used Equipment Sales, Parts Revenues and Services Revenues [Member] | Shipping and Handling Type Revenues [Member]
Summary Of Significant Accounting Policy [Line Items]
Revenues			$ 6,100
Other [Member]
Summary Of Significant Accounting Policy [Line Items]
Revenues	$ 18,496	$ 17,346	$ 51,764	$ 48,679
Revenues [Member] | Product Concentration Risk [Member] | Equipment Rentals [Member]
Summary Of Significant Accounting Policy [Line Items]
Percentage of revenue			47.80%
Revenues [Member] | Product Concentration Risk [Member] | New and Used Equipment [Member]
Summary Of Significant Accounting Policy [Line Items]
Percentage of revenue			27.80%
Revenues [Member] | Product Concentration Risk [Member] | Parts and Services Revenues [Member]
Summary Of Significant Accounting Policy [Line Items]
Percentage of revenue			17.40%
Revenues [Member] | Product Concentration Risk [Member] | New and Used Equipment Sales, Parts Revenues and Services Revenues [Member] | Shipping and Handling Type Revenues [Member]
Summary Of Significant Accounting Policy [Line Items]
Percentage of revenue			0.80%
Revenues [Member] | Product Concentration Risk [Member] | Other [Member]
Summary Of Significant Accounting Policy [Line Items]
Percentage of revenue			7.00%

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	Aug. 16, 2017	Sep. 30, 2017	Jun. 30, 2017	Sep. 30, 2017	Jul. 14, 2017
Business Acquisition [Line Items]
Net proceeds from Neff transaction		$ 6,506		$ 6,506
Neff Corporation [Member]
Business Acquisition [Line Items]
Merger agreement, date of termination				Aug. 17, 2017
Fee on termination of proposed merger					$ 13,200
Merger agreement termination fee received	$ 13,200
Estimated transaction costs related to proposed merger				$ 6,700
Net proceeds from Neff transaction				$ 6,500
Reclassification to merger breakup fee proceeds, net of merger costs		$ 2,200
Neff Corporation [Member] | Selling, General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Estimated transaction costs related to proposed merger			$ 2,200

Fair Value of Financial Instr28

Fair Value of Financial Instruments - Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
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% (Level 3)	$ 23,286	$ 30,780
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)	1,542	1,704
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% (Level 3)	19,972	26,780
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)	1,108	1,164
Letter of credit (Level 3)	155	155
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)	738,222	627,711
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)	$ 498,063	$ 663,075

Fair Value of Financial Instr29

Fair Value of Financial Instruments - Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements (Parenthetical) (Detail)	Sep. 30, 2017	Dec. 31, 2016
Carrying Amount [Member] | Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable, interest rate	4.50%	4.50%
Capital lease payable, interest rate, minimum	5.929%	5.929%
Capital lease payable interest rate, maximum	9.55%	9.55%
Carrying Amount [Member] | Level 1 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes, interest rate	5.625%	7.00%
Fair Value [Member] | Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable, interest rate	4.50%	4.50%
Capital lease payable, interest rate, minimum	5.929%	5.929%
Capital lease payable interest rate, maximum	9.55%	9.55%
Fair Value [Member] | Level 1 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes, interest rate	5.625%	7.00%

Fair Value of Financial Instr30

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Transfer of financial assets	$ 0	$ 0	$ 0	$ 0
Transfer of financial liabilities	0	0	0	0
Fair value, assets, level 1 to level 2 transfers, amount	0	0	0	0
Fair value, assets, level 2 to level 1 transfers, amount	0	0	0	0
Fair value, liabilities, level 1 to level 2 transfers, amount	0	0	0	0
Fair value, liabilities, level 2 to level 1 transfers, amount	0	0	0	0
Fair value asset transfers into level 3	0	0	0	0
Fair value asset, transfers out of level 3	0	0	0	0
Fair value liability, transfers into level 3	0	0	0	0
Fair value liability, transfers out of level 3	$ 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, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value			$ 142,765
Beginning balance, shares			39,496,759
Stock-based compensation			$ 2,614
Cash dividends declared on common stock ($0.275 per share)			(29,422)
Issuance of common stock, value			1
Repurchases of 33,954 shares of restricted common stock			(754)
Net income	$ 8,462	$ 11,665	23,730	$ 24,742
Ending balance, value	$ 139,815		$ 139,815
Ending balance, shares	39,626,433		39,626,433
ASU 2016-09 [Member]
Schedule of Capitalization, Equity [Line Items]
Cumulative effect adjustment for previously unrecognized excess tax benefits pursuant to the adoption of ASU 2016-09 (see note (2))			$ 881
Common Stock [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value			$ 394
Beginning balance, shares			39,496,759
Issuance of common stock, value			$ 1
Issuance of common stock, shares			129,674
Ending balance, value	$ 395		$ 395
Ending balance, shares	39,626,433		39,626,433
Additional Paid-in Capital [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value			$ 223,544
Stock-based compensation			2,614
Ending balance, value	$ 226,158		226,158
Treasury Stock [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value			(60,966)
Repurchases of 33,954 shares of restricted common stock			(754)
Ending balance, value	(61,720)		(61,720)
Retained Earnings (Accumulated Deficit) [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value			(20,207)
Cash dividends declared on common stock ($0.275 per share)			(29,422)
Net income			23,730
Ending balance, value	$ (25,018)		(25,018)
Retained Earnings (Accumulated Deficit) [Member] | ASU 2016-09 [Member]
Schedule of Capitalization, Equity [Line Items]
Cumulative effect adjustment for previously unrecognized excess tax benefits pursuant to the adoption of ASU 2016-09 (see note (2))			$ 881

Stockholders' Equity - Summar32

Stockholders' Equity - Summary of Activity in Stockholders' Equity (Parenthetical) (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Schedule of Capitalization, Equity [Line Items]
Cash dividends declared on common stock, per share	$ 0.275	$ 0.275	$ 0.825	$ 0.825
Repurchase of restricted common stock, shares			33,954
Retained Earnings (Accumulated Deficit) [Member]
Schedule of Capitalization, Equity [Line Items]
Cash dividends declared on common stock, per share			$ 0.275

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2017USD ($)shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense related to non-vested stock	$ 5,800,000
Expected non-vested stock recognized over a weighted-average period	2 years 2 months 13 days
Unrecognized compensation expense related to stock option awards	$ 0
2016 Stock-Based Incentive Compensation Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-Based incentive compensation plan | shares	1,843,924

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Non-Vested Stock Activity (Detail)	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Non-vested stock, beginning balance, Number of Shares | shares	400,801
Granted, Number of Shares | shares	190,134
Vested, Number of Shares | shares	(128,825)
Forfeited, Number of Shares | shares	(10,504)
Non-vested stock, ending balance, Number of Shares | shares	451,606
Non-vested stock, beginning balance, Weighted Average Grant Date Fair Value | $ / shares	$ 18.86
Granted, Weighted Average Grant Date Fair Value | $ / shares	22.94
Vested, Weighted Average Grant Date Fair Value | $ / shares	21.89
Forfeited, Weighted Average Grant Date Fair Value | $ / shares	19.21
Non-vested stock, ending balance, Weighted Average Grant Date Fair Value | $ / shares	$ 19.71

Stock-Based Compensation - Sc35

Stock-Based Compensation - Schedule of Compensation Expense Related to Non-Vested Stock (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Compensation expense	$ 720	$ 641	$ 2,614	$ 2,308

Stock-Based Compensation - Sc36

Stock-Based Compensation - Schedule of Share Based Compensation Stock Options Activity (Detail)	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Options, Outstanding, Number of Shares, Beginning Balance | shares	4,500
Stock Options, Canceled, forfeited or expired, Number of Shares | shares	(4,500)
Stock Options, Outstanding, Weighted Average Exercise Price, Beginning Balance | $ / shares	$ 19.27
Stock Options, Canceled, forfeited or expired, Weighted Average Exercise Price | $ / shares	$ 19.27
Stock Options, Outstanding, Weighted Average Contractual Life In Years	0 years
Stock Options, Exercisable, Weighted Average Contractual Life In Years	0 years

Income per Share - Additional I

Income per Share - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Restricted common shares, percentage	0.80%	0.80%	0.80%	0.80%

Income per Share - Summary of C

Income 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, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Basic net income per share:
Net income	$ 8,462	$ 11,665	$ 23,730	$ 24,742
Weighted average number of common shares outstanding	35,543	35,424	35,494	35,373
Net income per share of common stock – basic	$ 0.24	$ 0.33	$ 0.67	$ 0.70
Diluted net income per share:
Net income	$ 8,462	$ 11,665	$ 23,730	$ 24,742
Weighted average number of common shares outstanding	35,543	35,424	35,494	35,373
Effect of dilutive securities:
Weighted average number of common shares outstanding - diluted	35,715	35,504	35,656	35,461
Net income per share of common stock – diluted	$ 0.24	$ 0.33	$ 0.67	$ 0.70
Stock Options [Member]
Common shares excluded from the denominator as anti-dilutive:
Common shares excluded from the denominator as anti-dilutive				5
Non-vested restricted stock [Member]
Effect of dilutive securities:
Effect of dilutive stock options and non-vested restricted stock	172	80	162	88
Common shares excluded from the denominator as anti-dilutive:
Common shares excluded from the denominator as anti-dilutive		1		2

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income tax expense	$ (885)	$ 8,342	$ 8,045	$ 17,427
Effective income tax rate				25.30%	41.30%
Decrease in effective income tax rate			16.00%
Net discrete tax benefit resulting from a reversal of an unrecognized tax benefit due to expiration of statute of limitations	5,300
Gross amount of unrecognized tax benefits	900		$ 900
State net operating loss carry forward, valuation allowance	$ 400		$ 400

Senior Secured Credit Facility

Senior Secured Credit Facility - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2017	Oct. 19, 2017	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	3.90%
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%
Maximum [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Margin rate lowered in applicable to Letter of Credit	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%
Minimum [Member] | Letter of Credit [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	$ 517,600,000
Debt instrument prime rate plus	4.25%
Credit facility interest rate description	the interest rate on the Credit Facility was based on a 4.25% U.S. Prime Rate plus 100 basis points and LIBOR plus 200 basis points.
Revolving Credit Facility [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Available borrowings under our senior secured credit facility		$ 526,600,000
Amended and Restated Credit Agreement [Member]
Debt Instrument [Line Items]
Existing credit facility with its lenders			$ 602,500,000

Senior Unsecured Notes - Additi

Senior Unsecured Notes - Additional Information (Detail) - USD ($)	Sep. 25, 2017	Aug. 24, 2017	Sep. 30, 2017	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Estimated offering expenses			$ 1,576,000	$ 1,576,000	$ 1,964,000
One-time loss recorded on early extinguishment of debt			$ (25,363,000)	$ (25,363,000)
5.625% Senior Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 750,000,000
Senior unsecured notes, interest rate		5.625%
Senior unsecured notes, maturity year		2,025
Estimated offering expenses		$ 10,300,000
Net proceeds from sale of new notes		739,700,000
Redemption price percentage as equal to principal amount of old notes to be redeemed				101.00%
Additional transaction costs incurred in connection with offering of new notes		1,600,000
Principal payments due until maturity				$ 0
Maturity date of notes				Sep. 1, 2025
5.625% Senior Notes [Member] | Maximum [Member]
Debt Instrument [Line Items]
Percentage of principal amount of new notes to be redeemed				40.00%
7% Senior Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 630,000,000
Senior unsecured notes, interest rate		7.00%
Senior unsecured notes, maturity year		2,022
Repurchase of notes		$ 329,700,000
Early tender deadline amount received on debt instrument		1,038.90
Principal amount of old notes		1,000
Remaining principal amount outstanding of old notes redeemed	$ 300,300,000
Redemption price percentage as equal to principal amount of old notes to be redeemed	103.50%
One-time loss recorded on early extinguishment of debt		25,400,000
One-time loss recorded on early extinguishment of debt, after tax		18,900,000
Payment of tender premiums		12,800,000
Payment of premiums to redeem remaining outstanding old notes		10,500,000
Write-off of unamortized note discount		$ 2,000,000

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, 2017	Sep. 30, 2016	Dec. 31, 2016
Debt Instrument [Line Items]
Amortization of deferred financing costs	$ 785	$ 789
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Senior unsecured notes, beginning balance	627,711	$ 627,306	$ 627,306
Accretion of discount			1,055
Amortization of note premium			(887)
Amortization of deferred financing costs			237
Senior unsecured notes, ending balance	738,222		$ 627,711
Senior Unsecured Notes [Member] | 7% Senior Notes [Member]
Debt Instrument [Line Items]
Accretion of discount	683
Amortization of note premium	(574)
Amortization of deferred financing costs	153
Aggregate principal amount paid	(630,000)
Writeoff of unaccreted discount	5,294
Writeoff of unamoritized note premium	(4,452)
Writeoff of deferred financing costs	1,185
Senior Unsecured Notes [Member] | 5.625% Senior Notes [Member]
Debt Instrument [Line Items]
Accretion of discount	132
Amortization of deferred financing costs	21
Aggregate principal amount issued	750,000
Note discount and deferred transaction costs	$ (11,931)

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2017Customer	Sep. 30, 2016Customer	Sep. 30, 2017SegmentCustomer	Sep. 30, 2016Customer
Segment Reporting [Abstract]
Number of reportable segment | Segment			5
Sales to international customers	0.10%	0.30%	0.30%	0.40%
Customer accounted for more than 10% of revenue | Customer	0	0	0	0

Segment Information - Schedule

Segment Information - Schedule of Information about Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Segment Revenues:
Revenues	$ 259,162	$ 244,686	$ 735,353	$ 733,791
Segment Gross Profit:
Total gross profit	94,026	88,125	259,038	250,977
Segment identified assets:
Total assets	1,302,213		1,302,213		$ 1,241,611
Operating Segments [Member]
Segment Revenues:
Revenues	240,666	227,340	683,589	685,112
Segment Gross Profit:
Total gross profit	93,006	87,770	258,056	250,427
Segment identified assets:
Total assets	1,000,142		1,000,142		947,725
Operating Segments [Member] | Equipment Rentals [Member]
Segment Revenues:
Revenues	125,616	118,535	351,303	330,023
Segment Gross Profit:
Total gross profit	62,373	58,629	166,783	156,161
Segment identified assets:
Total assets	917,075		917,075		893,816
Operating Segments [Member] | New Equipment Sales [Member]
Segment Revenues:
Revenues	48,940	44,764	128,883	151,836
Segment Gross Profit:
Total gross profit	5,331	4,617	14,443	16,684
Operating Segments [Member] | Used Equipment Sales [Member]
Segment Revenues:
Revenues	22,250	20,630	75,219	71,973
Segment Gross Profit:
Total gross profit	7,134	6,266	23,240	22,222
Segment identified assets:
Total assets	65,532		65,532		37,912
Operating Segments [Member] | Parts Sales [Member]
Segment Revenues:
Revenues	27,763	27,335	81,063	81,958
Segment Gross Profit:
Total gross profit	7,638	7,627	22,367	22,774
Operating Segments [Member] | Services Revenues [Member]
Segment Revenues:
Revenues	16,097	16,076	47,121	49,322
Segment Gross Profit:
Total gross profit	10,530	10,631	31,223	32,586
Operating Segments [Member] | Parts and Services [Member]
Segment identified assets:
Total assets	17,535		17,535		15,997
Non-Segmented [Member]
Segment Revenues:
Revenues	18,496	17,346	51,764	48,679
Segment Gross Profit:
Total gross profit	1,020	$ 355	982	$ 550
Segment identified assets:
Total assets	$ 302,071		$ 302,071		$ 293,886

Condensed Consolidating Finan45

Condensed Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Assets:
Cash	$ 6,184	$ 7,683	$ 7,034	$ 7,159
Receivables, net	152,823	140,037
Inventories, net	83,067	53,909
Prepaid expenses and other assets	9,119	7,513
Rental equipment, net	917,075	893,816
Property and equipment, net	101,172	105,492
Deferred financing costs, net	1,576	1,964
Goodwill	31,197	31,197
Total assets	1,302,213	1,241,611
Liabilities and Stockholders’ Equity:
Amounts due on senior secured credit facility	77,197	162,642
Accounts payable	81,554	39,432
Manufacturer flooring plans payable	23,286	30,780
Accrued expenses payable and other liabilities	53,885	56,833
Dividends payable	120	67
Senior unsecured notes	738,222	627,711
Capital leases payable	1,542	1,704
Deferred income taxes	184,706	177,835
Deferred compensation payable	1,886	1,842
Total liabilities	1,162,398	1,098,846
Stockholders’ equity	139,815	142,765
Total liabilities and stockholders’ equity	1,302,213	1,241,611
H & E Equipment Services [Member]
Assets:
Cash	6,184	7,683	$ 7,034	$ 7,159
Receivables, net	124,955	112,758
Inventories, net	73,599	49,509
Prepaid expenses and other assets	8,935	7,343
Rental equipment, net	766,830	743,759
Property and equipment, net	91,867	93,866
Deferred financing costs, net	1,576	1,964
Investment in guarantor subsidiaries	220,125	220,209
Goodwill	1,671	1,671
Total assets	1,295,742	1,238,762
Liabilities and Stockholders’ Equity:
Amounts due on senior secured credit facility	77,197	162,642
Accounts payable	77,858	36,188
Manufacturer flooring plans payable	21,703	30,899
Accrued expenses payable and other liabilities	54,190	58,774
Dividends payable	165	106
Senior unsecured notes	738,222	627,711
Deferred income taxes	184,706	177,835
Deferred compensation payable	1,886	1,842
Total liabilities	1,155,927	1,095,997
Stockholders’ equity	139,815	142,765
Total liabilities and stockholders’ equity	1,295,742	1,238,762
Guarantor Subsidiaries [Member]
Assets:
Receivables, net	27,868	27,279
Inventories, net	9,468	4,400
Prepaid expenses and other assets	184	170
Rental equipment, net	150,245	150,057
Property and equipment, net	9,305	11,626
Goodwill	29,526	29,526
Total assets	226,596	223,058
Liabilities and Stockholders’ Equity:
Accounts payable	3,696	3,244
Manufacturer flooring plans payable	1,583	(119)
Accrued expenses payable and other liabilities	305	1,941
Dividends payable	(45)	(39)
Capital leases payable	1,542	1,704
Total liabilities	6,471	2,849
Stockholders’ equity	220,125	220,209
Total liabilities and stockholders’ equity	226,596	223,058
Elimination [Member]
Assets:
Investment in guarantor subsidiaries	(220,125)	(220,209)
Total assets	(220,125)	(220,209)
Liabilities and Stockholders’ Equity:
Stockholders’ equity	(220,125)	(220,209)
Total liabilities and stockholders’ equity	$ (220,125)	$ (220,209)

Condensed Consolidating Finan46

Condensed Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Statement of Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Revenues	$ 259,162	$ 244,686	$ 735,353	$ 733,791
Cost of revenues:
Cost of revenues	165,136	156,561	476,315	482,814
Gross profit (loss):
Gross profit	94,026	88,125	259,038	250,977
Selling, general and administrative expenses	55,203	55,962	172,328	172,385
Merger breakup fee proceeds, net of merger costs	6,506		6,506
Gain on sales of property and equipment, net	2,325	927	4,431	2,301
Income from operations	47,654	33,090	97,647	80,893
Other income (expense):
Interest expense	(15,060)	(13,469)	(41,665)	(40,229)
Loss on early extinguishment of debt	(25,363)		(25,363)
Other, net	346	386	1,156	1,505
Total other expense, net	(40,077)	(13,083)	(65,872)	(38,724)
Income before provision for income taxes	7,577	20,007	31,775	42,169
Provision (Benefit) for income taxes	(885)	8,342	8,045	17,427
Net income	8,462	11,665	23,730	24,742
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	43,255	41,528	125,996	120,700
Rental Expense [Member]
Cost of revenues:
Cost of revenues	19,988	18,378	58,524	53,162
Operating Segments [Member]
Revenues:
Revenues	240,666	227,340	683,589	685,112
Gross profit (loss):
Gross profit	93,006	87,770	258,056	250,427
Other [Member]
Revenues:
Revenues	18,496	17,346	51,764	48,679
Cost of revenues:
Cost of revenues	17,476	16,991	50,782	48,129
Gross profit (loss):
Gross profit	1,020	355	982	550
Elimination [Member]
Gross profit (loss):
Equity in earnings of guarantor subsidiaries	(6,160)	(3,892)	(11,141)	(8,388)
Income from operations	(6,160)	(3,892)	(11,141)	(8,388)
Other income (expense):
Income before provision for income taxes	(6,160)	(3,892)	(11,141)	(8,388)
Net income	(6,160)	(3,892)	(11,141)	(8,388)
Equipment Rentals [Member] | Operating Segments [Member]
Revenues:
Revenues	125,616	118,535	351,303	330,023
Gross profit (loss):
Gross profit	62,373	58,629	166,783	156,161
Equipment Rentals [Member] | Operating Segments [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	43,255	41,528	125,996	120,700
Equipment Rentals [Member] | Operating Segments [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	19,988	18,378	58,524	53,162
New Equipment Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	48,940	44,764	128,883	151,836
Cost of revenues:
Cost of revenues	43,609	40,147	114,440	135,152
Gross profit (loss):
Gross profit	5,331	4,617	14,443	16,684
Used Equipment Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	22,250	20,630	75,219	71,973
Cost of revenues:
Cost of revenues	15,116	14,364	51,979	49,751
Gross profit (loss):
Gross profit	7,134	6,266	23,240	22,222
Parts Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	27,763	27,335	81,063	81,958
Cost of revenues:
Cost of revenues	20,125	19,708	58,696	59,184
Gross profit (loss):
Gross profit	7,638	7,627	22,367	22,774
Services Revenues [Member] | Operating Segments [Member]
Revenues:
Revenues	16,097	16,076	47,121	49,322
Cost of revenues:
Cost of revenues	5,567	5,445	15,898	16,736
Gross profit (loss):
Gross profit	10,530	10,631	31,223	32,586
H & E Equipment Services [Member]
Revenues:
Revenues	212,108	201,770	607,099	607,974
Cost of revenues:
Cost of revenues	135,389	129,886	395,441	401,604
Gross profit (loss):
Gross profit	76,719	71,884	211,658	206,370
Selling, general and administrative expenses	44,408	45,810	140,522	142,402
Equity in earnings of guarantor subsidiaries	6,160	3,892	11,141	8,388
Merger breakup fee proceeds, net of merger costs	6,506		6,506
Gain on sales of property and equipment, net	342	782	1,971	1,948
Income from operations	45,319	30,748	90,754	74,304
Other income (expense):
Interest expense	(12,665)	(11,074)	(34,522)	(33,460)
Loss on early extinguishment of debt	(25,363)		(25,363)
Other, net	286	333	906	1,325
Total other expense, net	(37,742)	(10,741)	(58,979)	(32,135)
Income before provision for income taxes	7,577	20,007	31,775	42,169
Provision (Benefit) for income taxes	(885)	8,342	8,045	17,427
Net income	8,462	11,665	23,730	24,742
H & E Equipment Services [Member] | Other [Member]
Revenues:
Revenues	15,112	14,072	42,352	39,619
Cost of revenues:
Cost of revenues	14,467	13,716	41,507	39,069
Gross profit (loss):
Gross profit	645	356	845	550
H & E Equipment Services [Member] | Equipment Rentals [Member] | Operating Segments [Member]
Revenues:
Revenues	103,618	96,310	288,610	270,927
Gross profit (loss):
Gross profit	51,102	47,015	135,826	126,681
H & E Equipment Services [Member] | Equipment Rentals [Member] | Operating Segments [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	35,886	34,168	104,177	100,111
H & E Equipment Services [Member] | Equipment Rentals [Member] | Operating Segments [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	16,630	15,127	48,607	44,135
H & E Equipment Services [Member] | New Equipment Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	38,132	37,110	106,626	124,450
Cost of revenues:
Cost of revenues	33,933	33,206	94,617	110,594
Gross profit (loss):
Gross profit	4,199	3,904	12,009	13,856
H & E Equipment Services [Member] | Used Equipment Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	17,818	16,778	60,292	59,515
Cost of revenues:
Cost of revenues	12,288	11,762	42,442	41,565
Gross profit (loss):
Gross profit	5,530	5,016	17,850	17,950
H & E Equipment Services [Member] | Parts Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	23,869	23,807	69,569	71,323
Cost of revenues:
Cost of revenues	17,410	17,221	50,627	51,660
Gross profit (loss):
Gross profit	6,459	6,586	18,942	19,663
H & E Equipment Services [Member] | Services Revenues [Member] | Operating Segments [Member]
Revenues:
Revenues	13,559	13,693	39,650	42,140
Cost of revenues:
Cost of revenues	4,775	4,686	13,464	14,470
Gross profit (loss):
Gross profit	8,784	9,007	26,186	27,670
Guarantor Subsidiaries [Member]
Revenues:
Revenues	47,054	42,916	128,254	125,817
Cost of revenues:
Cost of revenues	29,747	26,675	80,874	81,210
Gross profit (loss):
Gross profit	17,307	16,241	47,380	44,607
Selling, general and administrative expenses	10,795	10,152	31,806	29,983
Gain on sales of property and equipment, net	1,983	145	2,460	353
Income from operations	8,495	6,234	18,034	14,977
Other income (expense):
Interest expense	(2,395)	(2,395)	(7,143)	(6,769)
Other, net	60	53	250	180
Total other expense, net	(2,335)	(2,342)	(6,893)	(6,589)
Income before provision for income taxes	6,160	3,892	11,141	8,388
Net income	6,160	3,892	11,141	8,388
Guarantor Subsidiaries [Member] | Other [Member]
Revenues:
Revenues	3,384	3,274	9,412	9,060
Cost of revenues:
Cost of revenues	3,009	3,275	9,275	9,060
Gross profit (loss):
Gross profit	375	(1)	137
Guarantor Subsidiaries [Member] | Equipment Rentals [Member] | Operating Segments [Member]
Revenues:
Revenues	21,998	22,225	62,693	59,096
Gross profit (loss):
Gross profit	11,271	11,614	30,957	29,480
Guarantor Subsidiaries [Member] | Equipment Rentals [Member] | Operating Segments [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	7,369	7,360	21,819	20,589
Guarantor Subsidiaries [Member] | Equipment Rentals [Member] | Operating Segments [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	3,358	3,251	9,917	9,027
Guarantor Subsidiaries [Member] | New Equipment Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	10,808	7,654	22,257	27,386
Cost of revenues:
Cost of revenues	9,676	6,941	19,823	24,558
Gross profit (loss):
Gross profit	1,132	713	2,434	2,828
Guarantor Subsidiaries [Member] | Used Equipment Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	4,432	3,852	14,927	12,458
Cost of revenues:
Cost of revenues	2,828	2,602	9,537	8,186
Gross profit (loss):
Gross profit	1,604	1,250	5,390	4,272
Guarantor Subsidiaries [Member] | Parts Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	3,894	3,528	11,494	10,635
Cost of revenues:
Cost of revenues	2,715	2,487	8,069	7,524
Gross profit (loss):
Gross profit	1,179	1,041	3,425	3,111
Guarantor Subsidiaries [Member] | Services Revenues [Member] | Operating Segments [Member]
Revenues:
Revenues	2,538	2,383	7,471	7,182
Cost of revenues:
Cost of revenues	792	759	2,434	2,266
Gross profit (loss):
Gross profit	$ 1,746	$ 1,624	$ 5,037	$ 4,916

Condensed Consolidating Finan47

Condensed Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Cash flows from operating activities:
Net income	$ 8,462	$ 11,665	$ 23,730	$ 24,742
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment			18,092	20,321
Depreciation of rental equipment			125,996	120,700
Amortization of deferred financing costs			785	789
Accretion of note discount, net of premium amortization			239	124
Provision for losses on accounts receivable			3,048	2,723
Provision for inventory obsolescence			151	82
Change in deferred income taxes			7,752	17,193
Stock-based compensation expense			2,614	2,308
Loss on early extinguishment of debt	25,363		25,363
Gain from sales of property and equipment, net	(2,325)	(927)	(4,431)	(2,301)
Gain from sales of rental equipment, net			(22,196)	(21,450)
Changes in operating assets and liabilities:
Receivables			(15,811)	5,772
Inventories			(38,930)	(15,220)
Prepaid expenses and other assets			(1,606)	1,160
Accounts payable			42,122	(18,549)
Manufacturer flooring plans payable			(7,494)	(24,207)
Accrued expenses payable and other liabilities			(3,075)	(4,436)
Deferred compensation payable			44	(348)
Net cash provided by operating activities			156,393	109,403
Cash flows from investing activities:
Purchases of property and equipment			(16,002)	(16,753)
Purchases of rental equipment			(183,754)	(152,644)
Proceeds from sales of property and equipment			6,765	2,689
Proceeds from sales of rental equipment			66,316	62,259
Net cash used in investing activities			(126,675)	(104,449)
Cash flows from financing activities:
Purchases of treasury stock			(753)	(546)
Borrowings on senior secured credit facility			732,840	767,550
Payments on senior secured credit facility			(818,285)	(742,645)
Dividends paid			(29,369)	(29,287)
Principal payments on senior unsecured notes due 2022			(630,000)
Costs paid to tender and redeem senior unsecured notes due 2022			(23,336)
Proceeds from issuance of senior unsecured notes due 2025			750,000
Payments of deferred financing costs			(12,152)
Payments on capital lease obligations			(162)	(151)
Net cash used in financing activities			(31,217)	(5,079)
Net decrease in cash			(1,499)	(125)
Cash, beginning of period			7,683	7,159	$ 7,159
Cash, end of period	6,184	7,034	6,184	7,034	7,683
H & E Equipment Services [Member]
Cash flows from operating activities:
Net income	8,462	11,665	23,730	24,742
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment			15,778	18,022
Depreciation of rental equipment			104,177	100,111
Amortization of deferred financing costs			785	789
Accretion of note discount, net of premium amortization			239	124
Provision for losses on accounts receivable			2,336	2,507
Provision for inventory obsolescence			151	82
Change in deferred income taxes			7,752	17,193
Stock-based compensation expense			2,614	2,308
Loss on early extinguishment of debt	25,363		25,363
Gain from sales of property and equipment, net	(342)	(782)	(1,971)	(1,948)
Gain from sales of rental equipment, net			(16,852)	(17,219)
Equity in earnings of guarantor subsidiaries	(6,160)	(3,892)	(11,141)	(8,388)
Changes in operating assets and liabilities:
Receivables			(14,510)	8,759
Inventories			(32,279)	(12,001)
Prepaid expenses and other assets			(1,592)	1,188
Accounts payable			41,670	(18,684)
Manufacturer flooring plans payable			(9,196)	(24,377)
Accrued expenses payable and other liabilities			(4,711)	(5,275)
Deferred compensation payable			44	(348)
Net cash provided by operating activities			132,387	87,585
Cash flows from investing activities:
Purchases of property and equipment			(14,618)	(14,143)
Purchases of rental equipment			(154,057)	(112,346)
Proceeds from sales of property and equipment			2,914	2,218
Proceeds from sales of rental equipment			51,699	50,528
Investment in subsidiaries			11,225	(9,046)
Net cash used in investing activities			(102,837)	(82,789)
Cash flows from financing activities:
Purchases of treasury stock			(753)	(546)
Borrowings on senior secured credit facility			732,840	767,550
Payments on senior secured credit facility			(818,285)	(742,645)
Dividends paid			(29,363)	(29,280)
Principal payments on senior unsecured notes due 2022			(630,000)
Costs paid to tender and redeem senior unsecured notes due 2022			(23,336)
Proceeds from issuance of senior unsecured notes due 2025			750,000
Payments of deferred financing costs			(12,152)
Net cash used in financing activities			(31,049)	(4,921)
Net decrease in cash			(1,499)	(125)
Cash, beginning of period			7,683	7,159	7,159
Cash, end of period	6,184	7,034	6,184	7,034	$ 7,683
Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net income	6,160	3,892	11,141	8,388
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment			2,314	2,299
Depreciation of rental equipment			21,819	20,589
Provision for losses on accounts receivable			712	216
Gain from sales of property and equipment, net	(1,983)	(145)	(2,460)	(353)
Gain from sales of rental equipment, net			(5,344)	(4,231)
Changes in operating assets and liabilities:
Receivables			(1,301)	(2,987)
Inventories			(6,651)	(3,219)
Prepaid expenses and other assets			(14)	(28)
Accounts payable			452	135
Manufacturer flooring plans payable			1,702	170
Accrued expenses payable and other liabilities			1,636	839
Net cash provided by operating activities			24,006	21,818
Cash flows from investing activities:
Purchases of property and equipment			(1,384)	(2,610)
Purchases of rental equipment			(29,697)	(40,298)
Proceeds from sales of property and equipment			3,851	471
Proceeds from sales of rental equipment			14,617	11,731
Net cash used in investing activities			(12,613)	(30,706)
Cash flows from financing activities:
Dividends paid			(6)	(7)
Payments on capital lease obligations			(162)	(151)
Capital contributions			(11,225)	9,046
Net cash used in financing activities			(11,393)	8,888
Elimination [Member]
Cash flows from operating activities:
Net income	(6,160)	(3,892)	(11,141)	(8,388)
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of guarantor subsidiaries	$ 6,160	$ 3,892	11,141	8,388
Cash flows from investing activities:
Investment in subsidiaries			(11,225)	9,046
Net cash used in investing activities			(11,225)	9,046
Cash flows from financing activities:
Capital contributions			11,225	(9,046)
Net cash used in financing activities			$ 11,225	$ (9,046)