H&E Equipment Services (HEES) 10-Q 27 Apr 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 23, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
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		35,686,546

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Cash	$ 38,084	$ 165,878
Receivables, net of allowance for doubtful accounts of $3,444 and $3,774, respectively	160,432	176,081
Inventories, net of reserves for obsolescence of $1,014 and $947, respectively	148,701	75,004
Prepaid expenses and other assets	11,733	9,172
Rental equipment, net of accumulated depreciation of $518,004 and $495,940, respectively	954,080	904,824
Property and equipment, net of accumulated depreciation and amortization of $135,232 and $131,500, respectively	103,121	101,789
Deferred financing costs, net of accumulated amortization of $13,155 and $12,946, respectively	3,563	3,772
Intangible assets, net	21,195
Goodwill	76,389	31,197
Total assets	1,517,298	1,467,717
Liabilities:
Accounts payable	136,188	89,781
Manufacturer flooring plans payable	28,112	22,002
Accrued expenses payable and other liabilities	56,929	65,095
Dividends payable	189	150
Senior unsecured notes, net of unaccreted discount of $3,525 and $3,644, and deferred financing costs of $2,275 and $2,267, respectively	944,200	944,088
Capital leases payable	1,430	1,486
Deferred income taxes	130,580	126,419
Deferred compensation payable	1,925	1,903
Total liabilities	1,299,553	1,250,924
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; 39,633,307 and 39,623,773 shares issued at March 31, 2018 and December 31, 2017, respectively, and 35,656,119 and 35,646,585 shares outstanding at March 31, 2018 and December 31, 2017, respectively	395	395
Additional paid-in capital	228,389	227,070
Treasury stock at cost, 3,977,188 shares of common stock held at March 31, 2018 and December 31, 2017	(61,749)	(61,749)
Retained earnings	50,710	51,077
Total stockholders’ equity	217,745	216,793
Total liabilities and stockholders’ equity	$ 1,517,298	$ 1,467,717

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivables	$ 3,444	$ 3,774
Reserves for obsolescence inventories	1,014	947
Accumulated depreciation, rental equipment	518,004	495,940
Accumulated depreciation and amortization, property and equipment	135,232	131,500
Accumulated amortization, deferred financing costs	13,155	12,946
Unaccreted discount, net	3,525	3,644
Deferred financing costs	$ 2,275	$ 2,267
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	39,633,307	39,623,773
Common stock, shares outstanding	35,656,119	35,646,585
Treasury stock, shares	3,977,188	3,977,188

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Revenues	$ 260,482	$ 226,828
Cost of revenues:
Cost of revenues	167,897	149,156
Gross profit	92,585	77,672
Selling, general and administrative expenses	65,880	57,318
Merger costs	152
Gain on sales of property and equipment, net	(773)	(971)
Income from operations	27,326	21,325
Other income (expense):
Interest expense	(14,653)	(13,232)
Other, net	395	437
Total other expense, net	(14,258)	(12,795)
Income before provision for income taxes	13,068	8,530
Provision for income taxes	3,590	3,140
Net income	$ 9,478	$ 5,390
Net income per common share:
Basic	$ 0.27	$ 0.15
Diluted	$ 0.26	$ 0.15
Weighted average common shares outstanding:
Basic	35,592	35,465
Diluted	35,879	35,621
Dividends declared per common share outstanding	$ 0.275	$ 0.275
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	$ 46,469	$ 40,903
Rental Expense [Member]
Cost of revenues:
Cost of revenues	21,272	18,374
Operating Segments [Member]
Revenues:
Revenues	243,894	212,534
Cost of revenues:
Gross profit	92,704	78,580
Operating Segments [Member] | Equipment Rentals [Member]
Revenues:
Revenues	129,361	107,317
Cost of revenues:
Gross profit	61,620	48,040
Operating Segments [Member] | Equipment Rentals [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	46,469	40,903
Operating Segments [Member] | Equipment Rentals [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	21,272	18,374
Operating Segments [Member] | New Equipment Sales [Member]
Revenues:
Revenues	46,493	34,274
Cost of revenues:
Cost of revenues	40,845	30,381
Gross profit	5,648	3,893
Operating Segments [Member] | Used Equipment Sales [Member]
Revenues:
Revenues	24,853	28,863
Cost of revenues:
Cost of revenues	16,937	19,861
Gross profit	7,916	9,002
Operating Segments [Member] | Parts Sales [Member]
Revenues:
Revenues	28,151	27,000
Cost of revenues:
Cost of revenues	20,617	19,436
Gross profit	7,534	7,564
Operating Segments [Member] | Services Revenues [Member]
Revenues:
Revenues	15,036	15,080
Cost of revenues:
Cost of revenues	5,050	4,999
Gross profit	9,986	10,081
Other [Member]
Revenues:
Revenues	16,588	14,294
Cost of revenues:
Cost of revenues	16,707	15,202
Gross profit	$ (119)	$ (908)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income	$ 9,478	$ 5,390
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	5,884	6,095
Depreciation of rental equipment	46,469	40,903
Amortization of intangible assets	705
Amortization of deferred financing costs	289	262
Accretion of note discount, net of premium amortization	120	42
Provision for losses on accounts receivable	817	985
Provision for inventory obsolescence	67	21
Change in deferred income taxes	4,456	4,382
Stock-based compensation expense	1,319	1,181
Gain from sales of property and equipment, net	(773)	(971)
Gain from sales of rental equipment, net	(7,745)	(8,599)
Changes in operating assets and liabilities:
Receivables	22,414	(348)
Inventories	(88,674)	(44,802)
Prepaid expenses and other assets	(2,237)	(4,096)
Accounts payable	45,384	35,454
Manufacturer flooring plans payable	6,110	6,160
Accrued expenses payable and other liabilities	(15,799)	(11,469)
Deferred compensation payable	22	17
Net cash provided by operating activities	28,306	30,607
Cash flows from investing activities, net of effect of acquisition:
Acquisition of business, net of cash acquired	(125,207)
Purchases of property and equipment	(4,505)	(5,804)
Purchases of rental equipment	(40,654)	(33,979)
Proceeds from sales of property and equipment	785	1,848
Proceeds from sales of rental equipment	23,430	24,803
Net cash used in investing activities	(146,151)	(13,132)
Cash flows from financing activities:
Borrowings on senior secured credit facility	294,229	228,254
Payments on senior secured credit facility	(294,229)	(238,536)
Payments of deferred financing costs	(88)
Dividends paid	(9,804)	(9,783)
Payments of capital lease obligations	(57)	(53)
Net cash used in financing activities	(9,949)	(20,118)
Net decrease in cash	(127,794)	(2,643)
Cash, beginning of period	165,878	7,683
Cash, end of period	38,084	5,040
Supplemental schedule of noncash investing and financing activities:
Accrued acquisition purchase price consideration	5,941
Noncash asset purchases:
Assets transferred from new and used inventory to rental fleet	15,414	6,789
Purchases of property and equipment included in accrued expenses payable and other liabilities	(23)	23
Cash paid during the period for:
Interest	28,633	23,746
Income tax refunds received, net	$ (16)	$ (30)

Organization and Nature of Oper

Organization and Nature of Operations	3 Months Ended
	Mar. 31, 2018
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 months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018, 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, 2017, from which the consolidated balance sheet amounts as of December 31, 2017 were derived. All significant intercompany accounts and transactions have been eliminated in these condensed consolidated financial statements. Business combinations accounted for as purchases are included in the condensed consolidated financial statements from their respective dates of acquisition. The nature of our business is such that short-term obligations are typically met by cash flows generated from long-term assets. Consequently, and consistent with industry practice, the accompanying condensed consolidated balance sheets are presented on an unclassified basis. Nature of Operations As one of the largest integrated equipment services companies in the United States focused on heavy construction and industrial equipment, we rent, sell and provide parts and services 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	3 Months Ended
	Mar. 31, 2018
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, 2017. During the three month period ended March 31, 2018, there were no significant changes to those accounting policies, other than those policies impacted by the new revenue recognition guidance and further described below in “Recent Accounting Pronouncements Adopted in the First Quarter of 2018”. 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 Pronouncements Not Yet Adopted In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases . Our operating leases under current guidance include the real estate where all but 11 of our 83 branch locations are located as of March 31, 2018. 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 below, 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. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment Recent Accounting Pronouncements Adopted in the First Quarter of 2018 In August 2016, the FASB issued ASU 2016-15, “ Classification of Certain Cash Receipts and Cash Payments” , which aims to eliminate the diversity in the presentation of certain cash receipts and cash payments presented and classified in the statement of cash flows. The guidance addresses the following specific cash flow issues: (1) debt prepayment or debt extinguishment costs, (2) settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing, (3) contingent consideration payments made after a business combination, (4) proceeds from the settlement of insurance claims, (5) proceeds from settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, (6) distributions received from equity method investees, (7) beneficial interests in securitization transitions and (8) separately identifiable cash flows and application of predominance principle. We adopted this guidance effective January 1, 2018 and it had no impact to our condensed consolidated statement of cash flows for the periods presented in this Quarterly Report on Form 10-Q. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606). Under this ASU and subsequently issued amendments, revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflect the consideration we expect to be entitled to in exchange for those goods or services. Entities may use a full retrospective approach or report on the cumulative effect as of the date of adoption. We adopted this standard using the full retrospective transition method effective January 1, 2018. While the adoption of the new standard did not have an impact on our reported earnings for the periods presented, approximately $1.7 million of revenues that were previously classified in Other Revenues have been reclassified to Parts Revenues. These revenues relate to freight income associated with our parts transactions, and such income was not deemed to be a separate performance obligation under the new guidance. Accordingly, we also reclassified $1.2 million of associated freight costs related to these parts transactions from Other Cost of Revenues to Parts Costs of Revenues. We have recast our results for the prior year period as shown in the table below (amounts in thousands). Three Months Ended March 31, 2017 Statement of Income: As Previously Reported Adjustments Current Presentation Revenues: Equipment rentals $ 107,317 $ ─ $ 107,317 New equipment sales 34,274 ─ 34,274 Used equipment sales 28,863 ─ 28,863 Parts sales 25,331 1,669 27,000 Services revenues 15,080 ─ 15,080 Other 15,963 (1,669) 14,294 Total revenues 226,828 ─ 226,828 Cost of revenues: Rental depreciation 40,903 ─ 40,903 Rental expense 18,374 ─ 18,374 New equipment sales 30,381 ─ 30,381 Used equipment sales 19,861 ─ 19,861 Parts sales 18,213 1,223 19,436 Services revenues 4,999 ─ 4,999 Other 16,425 (1,223) 15,202 Total cost of revenues 149,156 ─ 149,156 Gross profit $ 77,672 $ ─ $ 77,672 Revenue Recognition As further discussed below, upon the adoption of Topic 606 on January 1, 2018, we recognize revenue in accordance with two different accounting standards: 1) Topic 606 and 2) Topic 840 (which addresses lease accounting). As discussed above in “Pronouncements Not Yet Adopted”, Topic 842 will supersede Topic 840 upon our adoption of Topic 842 on January 1, 2019. Under Topic 606, revenue from contracts with customers is measured based on the consideration specified in the contract with the customer, and excludes any sales incentives and amounts collected on behalf of third parties. A performance obligation is a promise in a contract to transfer a distinct good or service to a customer. We recognize revenue when we satisfy a performance obligation by transferring control over a product or service to a customer. The amount of revenue recognized reflects the consideration we expect to be entitled to in exchange for such products or services. Nature of goods and services The table below summarizes our revenue by type and by the applicable accounting standard (amounts in thousands). Three Months Ended March 31, 2018 2017 Topic 840 Topic 606 Total Topic 840 Topic 605 Total Rental revenues $ 128,840 $ 521 $ 129,361 $ 106,783 $ 534 $ 107,317 New equipment sales ─ 46,493 46,493 ─ 34,274 34,274 Used equipment sales ─ 24,853 24,853 ─ 28,863 28,863 Parts sales ─ 28,151 28,151 ─ 27,000 27,000 Service revenues ─ 15,036 15,036 ─ 15,080 15,080 Other 4,580 12,008 16,588 3,838 10,456 14,294 Total revenues $ 133,420 $ 127,062 $ 260,482 $ 110,621 $ 116,207 $ 226,828 Revenues by reporting segment are presented in note 10 of our condensed consolidated financial statements, using the revenue captions reflected in our condensed consolidated statements of income. We believe that the disaggregation of our revenues from contracts to customers as reflected above, coupled with further discussion below and the reporting segment in note 10, depicts how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors. Lease revenues (Topic 840) As discussed above in “Pending Accounting Pronouncements Not Yet Adopted”, we expect to adopt Topic 842 on January 1, 2019. While our review of the revenue accounting under Topic 842 is ongoing, we have tentatively concluded that no significant changes are expected to our revenue accounting upon adoption of Topic 842. Rental Revenues: Owned equipment rentals represent revenues from renting equipment. We account for these rentals as operating leases. We recognize revenue from equipment rentals in the period earned, regardless of the timing of billing to customers. A rental contract includes rates for daily, weekly or monthly use, and rental revenues are earned on a daily basis as rental contracts remain outstanding. Because the rental contracts can extend across multiple reporting periods, we record unbilled rental revenues and deferred rental revenues at the end of reporting periods so rental revenues earned is appropriately stated for the periods presented. Other: Other rental revenues primarily represent services performed by us in connection with the rental of equipment to a customer, such as fuel consumption charges and damage waiver insurance. Fuel consumption charges are recognized upon return of the rental equipment when fuel consumption by the customer can be measured, if any. Income from damage waiver insurance policies are recognized over the period the equipment is rented. Revenues from contracts with customers (Topic 606) The accounting for the types of revenues accounted for pursuant to Topic 606 are discussed below. Substantially all of our revenues under Topic 606 are recognized at a point-in-time rather than over time. Rental revenues: These revenues represent services performed by us in connection with the rental of equipment and are comprised of customer training fees on rented equipment and erection and dismantling services on rental equipment. Revenues for these services are recognized upon completion of such services. New equipment sales: Revenues from the sales of new equipment are recognized at the time of delivery to, or pick-up by, the customer, which is when the customer obtains control of the promised good. Used equipment sales: Revenues from the sales of used equipment are recognized at the time of delivery to, or pick-up by, the customer, which is when the customer obtains control of the promised good. Parts sales: Revenues from the sales of equipment parts are recognized at the time of pick-up by the customer for parts counter sales transactions. For parts that are shipped to a customer, we’ve elected to use a practical expedient of Topic 606 and treat such shipping activities as fulfillment costs, thereby recognizing revenues at the time of shipment. Services revenues: We derive our services primarily from maintenance and repair services to customers for their owned equipment. We recognize services revenues at the time such services are completed, which is when the customer obtains control of the promised service. Other revenues : Other revenues relate primarily to hauling fees for transporting rental equipment to and from the customer and ancillary charges associated with maintenance and repair services. Such revenues are recognized at the time the services are completed. Receivables and contract assets and liabilities We manage credit risk associated with our accounts receivables at the customer level. Because the same customers typically generate the revenues that are accounted for under both Topic 606 and Topic 840, the discussions below on credit risk and our allowances for doubtful accounts address our total revenues from Topic 606 (Topic 605 for 2017) and Topic 840. We believe concentration of credit risk with respect to our receivables is limited because a large number of geographically diverse customers makes up our customer base. Our largest customer accounted for less than one percent of total revenues for the three months ended March 31, 2018, and for each of the last three full years. No single customer accounted for more than 10% of our revenues on an overall or segment basis for any of the periods presented in this Quarterly Report on Form 10-Q. We manage credit risk through credit approvals, credit limits and other monitoring procedures. We maintain an allowance for doubtful accounts that reflects our estimate of the amount of our receivables that we will be unable to collect. We develop our estimate of this allowance based on our historical experience with specific customers, our understanding of our current economic circumstances and our own judgment as to the likelihood of ultimate payment. Our largest exposure to doubtful accounts is in our rental operations. We perform credit evaluations of customers and establish credit limits based on reviews of our customers’ current credit information and payment histories. We believe our credit risk is somewhat mitigated by our geographically diverse customer base and our credit evaluation procedures. During the year, we write-off customer account balances when we have exhausted reasonable collection efforts and determined that the likelihood of collection is remote. Such write-offs are charged against our allowance for doubtful accounts. Bad debt expense as a percentage of total revenues for the three month periods ended March 31, 2018 and 2017 were approximately 0.4% and 0.5%, respectively. The actual rate of future credit losses, however, may not be similar to past experience. Our estimate of doubtful accounts could change based on changing circumstances, including changes in the economy or in the particular circumstances of individual customers. Accordingly, we may be required to increase or decrease our allowance for doubtful accounts. We do not have material contract assets, impairment losses associated therewith, or material contract liabilities associated with contracts with customers. Our contracts with customers do not generally result in material amounts billed to customers in excess of recognizable revenue. We did not recognize material revenue during the three months ended March 31, 2018 or 2017 that was included in the contract liability balance as of the beginning of such periods. Performance obligations Most of our Topic 606 revenue is recognized at a point-in-time, rather than over time. Accordingly, in any particular period, we do not generally recognize a significant amount of revenue from performance obligations satisfied (or partially satisfied) in previous periods, and the amount of such revenue recognized during the three months ended March 31, 2018 and 2017 was not material. We also do not expect to recognize material revenue in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of March 31, 2018. Payment terms Our Topic 606 revenues do not include material amounts of variable consideration. Our payment terms vary by the type and location of our customer and the products or services offered. The time between invoicing and when payment is due is not significant. Our contracts do not generally include a significant financing component. Our contracts with customers do not generally result in significant obligations associated with returns, refunds or warranties. See above for a discussion of how we manage credit risk. Sales tax amounts collected from customers are recorded on a net basis. Contract costs We do not recognize any assets associated with the incremental costs of obtaining a contract with a customer (for example, a sales commission) that we expect to recover. Most of our revenue is recognized at a point-in-time or over a period of one year or less, and we use the practical expedient that allows us to recognize the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that we otherwise would have recognized is one year or less. Contract estimates and judgments Our revenues accounted for under Topic 606 generally do not require significant estimates or judgments as the transaction price is generally fixed and stated on our contracts. Our contracts generally do not include multiple performance obligations, and accordingly do not generally require estimates of the standalone selling price for each performance obligation. Also, our revenues do not include material amounts of variable consideration. Substantially all of our revenues are recognized at a point-in-time and the timing of the satisfaction of the applicable performance obligations is readily determinable. As noted above, our Topic 606 revenues are generally recognized at the time of delivery to, or pick-up by, the customer.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Acquisitions	(3) Acquisitions On January 1, 2018, we completed the acquisition of Contractors Equipment Center (“CEC”), a non-residential construction focused equipment rental company with three branches located in the greater Denver, Colorado area. CEC had approximately 100 employees and approximately $84 million of rental assets at original equipment cost as of December 31, 2017. CEC also had total revenues of approximately $34 million in the year ended December 31, 2017. The acquisition is expected to significantly expand our presence in the Denver area and surrounding markets. The aggregate consideration paid to the owners of CEC was approximately $132.4 million. The acquisition and related fees and expenses were funded through available cash. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date. The amounts presented here are preliminary and are subject to change. However, we do not expect material changes to these assigned values. $’s in thousands Cash $ 1,244 Accounts receivable, net of allowance for doubtful accounts (1) 7,583 Inventory 504 Prepaid expenses and other assets 324 Rental equipment 55,342 Property and equipment 2,700 Intangible assets (2) 21,900 Deferred tax assets 294 Total identifiable assets acquired 89,891 Accounts payable (1,023) Accrued expenses payable and other liabilities (1,670) Total liabilities assumed (2,693) Net identifiable assets acquired 87,198 Goodwill (3) 45,192 Net assets acquired $ 132,390 (1) The fair value of accounts receivables acquired was approximately $7.6 million and the gross contractual amount was $7.7 million. (2) The following table reflects the estimated fair values and useful lives of the acquired intangible assets identified based on our purchase accounting assessments: Fair Value (amounts in thousands) Life (years) Customer relationships $ 21,000 10 Tradenames 700 1 Leasehold interests 200 10 $ 21,900 (3) The analysis of assigning the $45.2 million goodwill among our six goodwill reporting units has not been finalized. The level of goodwill that resulted from the CEC acquisition is primarily reflective of CEC’s going-concern value, the value of CEC’s assembled workforce, new customer relationships expected to arise from the acquisition and expected synergies from combining operations. We currently expect the goodwill recognized to be 100% deductible for income tax purposes. Total CEC acquisition costs were $0.9 million, of which approximately $0.2 million were incurred in the three month period ended March 31, 2018. Total revenues attributable to CEC since the acquisition were $11.7 million for the three month period ended March 31 2018. Estimated net income attributable to CEC since the acquisition was $0.7 million, or $0.02 per share, for the three month period ended March 31, 2018. On April 1, 2018, after the period covered by this report, we completed the acquisition of Rental Inc., a non-residential equipment rental and distribution company with five branches located in Alabama, Florida and Western Georgia. As of April 23, 2018, a preliminary allocation of the fair value of the Rental Inc. purchase price had yet to be completed and consequently, such disclosures in this quarterly report on Form 10-Q is impractical. Disclosure of the allocation of the purchase price to the Rental Inc. balance sheet line items and the pro forma presentation reflecting the impact of the acquisition will be disclosed in future filings. Pro forma financial information We completed the CEC acquisition on January 1, 2018. Therefore, the results of CEC are included in our consolidated operating results for the full three month period ended March 31, 2018 presented in this Quarterly Report on Form 10-Q. The pro forma information below gives effect to the CEC acquisition as if they had been completed on January 1, 2017 (the “pro forma acquisition date”). The pro forma information is not necessarily indicative of our results of operations had the acquisition been completed on the above date, nor is it necessarily indicative of our future results. The pro forma information does not reflect any cost savings from operating efficiencies or synergies that could result from the acquisition, nor does it reflect additional revenue opportunities following the acquisition. The pro forma adjustments reflected in the table below are subject to change as additional analysis is performed. The table below presents unaudited pro forma consolidated statements of income information for the three month period ended March 31, 2017 as if CEC was included in our consolidated results for the entire period presented. (amounts in thousands) Three Month Period Ended March 31, 2017 H&E CEC Total Total revenues (1) $ 226,828 $ 8,389 $ 235,217 Pretax income 8,530 1,441 9,971 Pro forma adjustments to pretax income: Impact of fair value mark-ups/useful life changes on depreciation (2) (903) (903) Intangible asset amortization (3) (705) (705) Pro forma pretax income (loss) 8,530 (167) 8,363 Income tax expense (benefit) 3,140 (63) 3,077 Net income (loss) $ 5,390 $ (104) $ 5,286 Net income per share - basic $ 0.15 $ ─ $ 0.15 Net income per share – diluted $ 0.15 $ ─ $ 0.15 (1) There were no nonrecurring pro forma adjustments directly attributable to the CEC acquisition included in the reported pro forma total revenues. (2) Depreciation of rental equipment and non-rental equipment were adjusted for the fair value markups, and the changes in useful lives and salvage values of the equipment acquired in the CEC acquisition. (3) Represents the amortization of the intangible assets acquired in the CEC acquisition.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 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. March 31, 2018 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 4.50% (Level 3) $ 28,112 $ 24,284 Senior unsecured notes with interest computed at 5.625% (Level 1) 944,200 958,313 Capital leases payable with interest computed at 5.929% to 9.55% (Level 3) 1,430 945 Letter of credit (Level 3) — 116 December 31, 2017 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 4.50% (Level 3) $ 22,002 $ 18,737 Senior unsecured notes with interest computed at 5.625% (Level 3) 944,088 619,019 Capital leases payable with interest computed at 5.929% to 9.55% (Level 3) 1,486 1,114 Letter of credit (Level 3) — 116 At December 31, 2017, the fair value of our senior unsecured notes due 2025 was based on the present value of the notes based on our incremental borrowing rate as these notes were not available (registered) on a bond trading market as of December 31, 2017. At March 31, 2018, the fair value of our senior unsecured notes due 2025 were based on quoted bond trading market prices of those notes. During the three month periods ended March 31, 2018 and 2017, 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	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Stockholders' Equity	(5) Stockholders’ Equity The following table summarizes the activity in Stockholders’ Equity for the three month period ended March 31, 2018 (amounts in thousands, except share data): Common Stock Additional Total Shares Issued Amount Paid-in Capital Treasury Stock Retained Earnings Stockholders’ Equity Balances at December 31, 2017 39,623,773 $ 395 $ 227,070 $ (61,749 ) $ 51,077 $ 216,793 Stock-based compensation — — 1,319 — — 1,319 Cash dividends declared on common stock ($0.275 per share) — — — — (9,845 ) (9,845 ) Issuance of common stock, net of forfeitures 9,534 — — — — — Net income — — — — 9,478 9,478 Balances at March 31, 2018 39,633,307 $ 395 $ 228,389 $ (61,749 ) $ 50,710 $ 217,745

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2018
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 three months ended March 31, 2018: Number of Shares Weighted Average Grant Date Fair Non-vested stock at December 31, 2017 445,964 $ 19.70 Granted 14,224 $ 39.38 Vested (14,224 ) $ 39.38 Forfeited (4,690 ) $ 20.71 Non-vested stock at March 31, 2018 441,274 $ 19.69 As of March 31, 2018, we had unrecognized compensation expense of approximately $4.0 million related to non-vested stock that we expect to be recognized over a weighted-average period of approximately 1.8 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 months ended March 31, 2018 and 2017 (amounts in thousands): For the Three Months Ended March 31, 2018 2017 Compensation expense $ 1,319 $ 1,181

Income per Share

Income per Share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Income per Share	(7) Income per Share Income per common share for the three months ended March 31, 2018 and 2017 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 months ended March 31, 2018 and 2017, and, consequently, was immaterial to the basic and diluted EPS calculations. Therefore, use of the two-class method had no impact on our basic and diluted EPS calculations for the periods presented. The following table sets forth the computation of basic and diluted net income per common share for the three months ended March 31, 2018 and 2017 (amounts in thousands, except per share amounts): Three Months Ended March 31, 2018 2017 Basic net income per share: Net income $ 9,478 $ 5,390 Weighted average number of common shares outstanding 35,592 35,465 Net income per share of common stock – basic $ 0.27 $ 0.15 Diluted net income per share: Net income $ 9,478 $ 5,390 Weighted average number of common shares outstanding 35,592 35,465 Effect of dilutive securities: Effect of dilutive stock options — 1 Effect of dilutive non-vested restricted stock 287 155 Weighted average number of common shares outstanding – diluted 35,879 35,621 Net income per share of common stock – diluted $ 0.26 $ 0.15 Common shares excluded from the denominator as anti-dilutive: Stock options — — Non-vested restricted stock — —

Senior Secured Credit Facility

Senior Secured Credit Facility	3 Months Ended
	Mar. 31, 2018
Secured Debt [Member]
Senior Secured Credit Facility	(8) Senior Secured Credit Facility We and our subsidiaries are parties to a $750.0 million Credit Facility with Wells Fargo Capital Finance, LLC (as successor to General Electric Capital Corporation) as administrative agent, and the lenders named therein. On December 22, 2017, we amended, extended and restated the Credit Facility by entering into the Fifth 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, Wells Fargo Capital Finance, LLC, as administrative agent, the other credit parties named therein, the lenders named therein, and the joint lead arrangers, joint book runners, co-syndication agents and documentation agent named therein. The Amended and Restated Credit Agreement, among other things, (i) extends the maturity date of the credit facility from May 21, 2019 to December 22, 2022, (ii) increases the commitments under the senior secured asset based revolver provided for therein from $602.5 million to $750 million, (iii) increases the uncommitted incremental revolving capacity from $150 million to $250 million, (iv) provides that the unused line fee margin will be either 0.375% or 0.25%, depending on the Average Revolver Usage (as defined in the Amended and Restated Credit Agreement) of the borrowers, (v) lowers the interest rate (a) in the case of base rate revolving loans, to the base rate plus an applicable margin of 0.50% to 1.00% depending on the Average Availability (as defined in the Amended and Restated Credit Agreement) and (b) in the case of LIBOR revolving loans, to LIBOR (as defined in the Amended and Restated Credit Agreement) plus an applicable margin of 1.50% to 2.00%, depending on the Average Availability, (vi) lowers the margin applicable to the letter of credit fee to between 1.50% and 2.00%, depending on the Average Availability, and (vii) permits, subject to certain conditions, an unlimited amount of Permitted Acquisitions, Restricted Payments and prepayments of Indebtedness (in each case, as defined in the Amended and Restated Credit Agreement). The Amended and Restated Credit Agreement continues to provide for, among other things, a $30 million letter of credit sub-facility, and a guaranty by certain of the Company’s subsidiaries of the obligations under the credit facility. In addition, the credit facility remains secured by substantially all of the assets of the Company and certain of its subsidiaries. As of March 31, 2018, we were in compliance with our financial covenants under the Amended and Restated Credit Agreement. At March 31, 2018, we had no borrowings outstanding under the Credit Facility and could borrow up to $742.3 million and remain in compliance with the debt covenants under the Company’s credit facility. At April 23, 2018, we had $680.8 million of available borrowings under our Credit Facility, net of a $7.7 million outstanding letter of credit.

Senior Unsecured Notes

Senior Unsecured Notes	3 Months Ended
	Mar. 31, 2018
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Senior Secured Credit Facility	(9) Senior Unsecured Notes On August 24, 2017, we completed an offering of $750 million aggregate principal amount of 5.6250% senior notes due 2025 (the “New Notes”) and the settlement of a cash tender offer (the “Tender Offer”) with respect to our 7% senior notes due 2022 (the “Old Notes”). 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 aggregate principal amount of the Old Notes in early settlement of the Tender Offer, which the Company 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. 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 December 31, 2017, we were in compliance with these covenants. On November 22, 2017, we closed on an offering of $200 million aggregate principal amount of 5.625% senior notes due 2025 (the “Add-on Notes”) in an unregistered offering through a private placement. The Add-on Notes were priced at 104.25% of the principal amount. Net proceeds from the offering of the Add-on Notes, including accrued interest from August 24, 2017 totaled approximately $209.2 million. The net proceeds of the offering, was used to repay indebtedness outstanding under the Company’s existing senior secured credit facility (the “Credit Facility”) and for the payment of fees and expenses related to the offering. The remainder of the net proceeds will be used for general corporate purposes and to fund potential acquisitions in connection with our ongoing strategy of acquiring rental companies to complement our existing business and footprint. The Add-on Notes were issued as additional notes under an indenture dated as of August 24, 2017, pursuant to which we previously issued the New Notes as described above. The Add-on Notes have identical terms to, rank equally with and form a part of a single class of securities with the New Notes. Pursuant to a registration rights agreement entered into between us, 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. On January 17, 2018, the Company filed a registration statement on Form S-4 with respect to an offer to exchange the New and Add-on Notes and guarantees for registered, publicly tradable notes and guarantees that have terms identical in all material respects to the New and Add-on Notes (except that the exchange notes do not contain any transfer restrictions). This exchange offer closed on March 27, 2018. The following table reconciles our Senior Unsecured Notes to our Condensed Consolidated Balance Sheets (amounts in thousands): Balance at December 31, 2016 $ 627,711 Accretion of discount on Old Notes through August 24, 2017 683 Amortization of note premium on Old Notes through August 24, 2017 (574 ) Amortization of deferred financing costs on Old Notes through August 24, 2017 153 Aggregate principal amount paid on Old Notes (630,000 ) Writeoff of unaccreted discount on Old Notes 5,294 Writeoff of unamortized premium on Old Notes (4,452 ) Writeoff of deferred financing costs on Old Notes 1,185 Aggregate principal amount issued on New Notes 950,000 Note discount and deferred transaction costs on New Notes (14,684 ) Note premium on New Notes 8,500 Accretion of discount on New Notes from August 24, 2017 through December 31, 2017 542 Amortization of note premium on New Notes from August 24, 2017 through December 31, 2017 (375 ) Amortization of deferred financing costs on New Notes from August 24, 2017 through December 31, 2017 105 Balance at December 31, 2017 $ 944,088 Accretion of discount through March 31, 2018 385 Amortization of note premium through March 31, 2018 (266 ) Additional deferred transaction costs on New Notes (88 ) Amortization of deferred financing costs through March 31, 2018 81 Balance at March 31, 2018 $ 944,200

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Information	(10) 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 March 31, 2018 2017 Segment Revenues: Equipment rentals $ 129,361 $ 107,317 New equipment sales 46,493 34,274 Used equipment sales 24,853 28,863 Parts sales 28,151 27,000 Services revenues 15,036 15,080 Total segmented revenues 243,894 212,534 Non-segmented revenues 16,588 14,294 Total revenues $ 260,482 $ 226,828 Segment Gross Profit: Equipment rentals $ 61,620 $ 48,040 New equipment sales 5,648 3,893 Used equipment sales 7,916 9,002 Parts sales 7,534 7,564 Services revenues 9,986 10,081 Total segmented gross profit 92,704 78,580 Non-segmented gross profit (loss) (119 ) (908 ) Total gross profit $ 92,585 $ 77,672 Balances at March 31, December 31, 2018 2017 Segment identified assets: Equipment sales $ 129,995 $ 58,125 Equipment rentals 954,080 904,824 Parts and services 18,706 16,879 Total segment identified assets 1,102,781 979,828 Non-segment identified assets 414,517 487,889 Total assets $ 1,517,298 $ 1,467,717 The Company operates primarily in the United States and our sales to international customers for the three month periods ended March 31, 2018 and 2017 were 0.4% and 0.7%, 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	3 Months Ended
	Mar. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Financial Information of Guarantor Subsidiaries	(11) Condensed Consolidating Financial Information of Guarantor Subsidiaries All of the indebtedness of H&E Equipment Services, Inc. is guaranteed by GNE Investments, Inc. and its wholly‑owned subsidiary Great Northern Equipment, Inc., H&E Equipment Services (California), LLC, H&E California Holding, Inc., H&E Equipment Services (Mid-Atlantic), Inc. and H&E Finance Corp. The guarantor subsidiaries are all wholly‑owned and the guarantees, made on a joint and several basis, are full and unconditional (subject to subordination provisions and subject to a standard limitation which provides that the maximum amount guaranteed by each guarantor will not exceed the maximum amount that can be guaranteed without making the guarantee void under fraudulent conveyance laws). There are no restrictions on H&E Equipment Services, Inc.’s ability to obtain funds from the guarantor subsidiaries by dividend or loan. The consolidating financial statements of H&E Equipment Services, Inc. and its subsidiaries are included below. The financial statements for H&E Finance Corp. are not included within the consolidating financial statements because H&E Finance Corp. has no assets or operations. CONDENSED CONSOLIDATING BALANCE SHEET As of March 31, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 38,084 $ — $ — $ 38,084 Receivables, net 133,959 26,473 — 160,432 Inventories, net 129,609 19,092 — 148,701 Prepaid expenses and other assets 11,529 204 — 11,733 Rental equipment, net 813,882 140,198 — 954,080 Property and equipment, net 91,801 11,320 — 103,121 Deferred financing costs, net 3,563 — — 3,563 Investment in guarantor subsidiaries 217,062 — (217,062 ) — Intangible assets, net 21,195 — — 21,195 Goodwill 46,863 29,526 — 76,389 Total assets $ 1,507,547 $ 226,813 $ (217,062 ) $ 1,517,298 Liabilities and Stockholders’ Equity: Accounts payable $ 125,604 $ 10,584 $ — $ 136,188 Manufacturer flooring plans payable 27,443 669 — 28,112 Accrued expenses payable and other liabilities 59,813 (2,884 ) — 56,929 Dividends payable 237 (48 ) — 189 Senior unsecured notes 944,200 — — 944,200 Capital leases payable — 1,430 — 1,430 Deferred income taxes 130,580 — — 130,580 Deferred compensation payable 1,925 — — 1,925 Total liabilities 1,289,802 9,751 — 1,299,553 Stockholders’ equity 217,745 217,062 (217,062 ) 217,745 Total liabilities and stockholders’ equity $ 1,507,547 $ 226,813 $ (217,062 ) $ 1,517,298 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 165,878 $ — $ — $ 165,878 Receivables, net 138,657 37,424 — 176,081 Inventories, net 63,828 11,176 — 75,004 Prepaid expenses and other assets 9,030 142 — 9,172 Rental equipment, net 760,972 143,852 — 904,824 Property and equipment, net 89,952 11,837 — 101,789 Deferred financing costs, net 3,772 — — 3,772 Investment in guarantor subsidiaries 222,217 — (222,217 ) - Goodwill 1,671 29,526 — 31,197 Total assets $ 1,455,977 $ 233,957 $ (222,217 ) $ 1,467,717 Liabilities and Stockholders’ Equity: Accounts payable $ 78,811 $ 10,970 $ — $ 89,781 Manufacturer flooring plans payable 20,300 1,702 — 22,002 Accrued expenses payable and other liabilities 67,466 (2,371 ) — 65,095 Dividends payable 197 (47 ) — 150 Senior unsecured notes 944,088 — — 944,088 Capital leases payable — 1,486 — 1,486 Deferred income taxes 126,419 — — 126,419 Deferred compensation payable 1,903 — — 1,903 Total liabilities 1,239,184 11,740 — 1,250,924 Stockholders’ equity 216,793 222,217 (222,217 ) 216,793 Total liabilities and stockholders’ equity $ 1,455,977 $ 233,957 $ (222,217 ) $ 1,467,717 CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended March 31, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 110,834 $ 18,527 $ — $ 129,361 New equipment sales 39,901 6,592 — 46,493 Used equipment sales 20,226 4,627 — 24,853 Parts sales 24,347 3,804 — 28,151 Services revenues 12,782 2,254 — 15,036 Other 13,942 2,646 — 16,588 Total revenues 222,032 38,450 — 260,482 Cost of revenues: Rental depreciation 39,559 6,910 — 46,469 Rental expense 18,261 3,011 — 21,272 New equipment sales 35,083 5,762 — 40,845 Used equipment sales 13,832 3,105 — 16,937 Parts sales 17,956 2,661 — 20,617 Services revenues 4,361 689 — 5,050 Other 13,916 2,791 — 16,707 Total cost of revenues 142,968 24,929 — 167,897 Gross profit (loss): Equipment rentals 53,014 8,606 — 61,620 New equipment sales 4,818 830 — 5,648 Used equipment sales 6,394 1,522 — 7,916 Parts sales 6,391 1,143 — 7,534 Services revenues 8,421 1,565 — 9,986 Other 26 (145 ) — (119 ) Gross profit 79,064 13,521 — 92,585 Selling, general and administrative expenses 55,009 10,871 — 65,880 Merger costs 152 — — 152 Equity in earnings of guarantor subsidiaries 458 — (458 ) — Gain on sales of property and equipment, net (714 ) (59 ) — (773 ) Income from operations 25,075 2,709 (458 ) 27,326 Other income (expense): Interest expense (12,349 ) (2,304 ) — (14,653 ) Other, net 342 53 — 395 Total other expense, net (12,007 ) (2,251 ) — (14,258 ) Income before income taxes 13,068 458 (458 ) 13,068 Income tax expense 3,590 — — 3,590 Net income $ 9,478 $ 458 $ (458 ) $ 9,478 CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended March 31, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 88,283 $ 19,034 $ — $ 107,317 New equipment sales 29,675 4,599 — 34,274 Used equipment sales 23,142 5,721 — 28,863 Parts sales 23,141 3,859 — 27,000 Services revenues 12,695 2,385 — 15,080 Other 11,752 2,542 — 14,294 Total revenues 188,688 38,140 — 226,828 Cost of revenues: Rental depreciation 33,748 7,155 — 40,903 Rental expense 15,237 3,137 — 18,374 New equipment sales 26,370 4,011 — 30,381 Used equipment sales 16,098 3,763 — 19,861 Parts sales 16,726 2,710 — 19,436 Services revenues 4,210 789 — 4,999 Other 12,253 2,949 — 15,202 Total cost of revenues 124,642 24,514 — 149,156 Gross profit (loss): Equipment rentals 39,298 8,742 — 48,040 New equipment sales 3,305 588 — 3,893 Used equipment sales 7,044 1,958 — 9,002 Parts sales 6,415 1,149 — 7,564 Services revenues 8,485 1,596 — 10,081 Other (501 ) (407 ) — (908 ) Gross profit 64,046 13,626 — 77,672 Selling, general and administrative expenses 46,886 10,432 — 57,318 Equity in earnings of guarantor subsidiaries 1,212 — (1,212 ) — Gain on sales of property and equipment, net (724 ) (247 ) — (971 ) Income from operations 19,096 3,441 (1,212 ) 21,325 Other income (expense): Interest expense (10,913 ) (2,319 ) — (13,232 ) Other, net 347 90 — 437 Total other expense, net (10,566 ) (2,229 ) — (12,795 ) Income before income taxes 8,530 1,212 (1,212 ) 8,530 Income tax expense 3,140 — — 3,140 Net income $ 5,390 $ 1,212 $ (1,212 ) $ 5,390 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Three Months Ended March 31, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 9,478 $ 458 $ (458 ) $ 9,478 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 5,163 721 — 5,884 Depreciation of rental equipment 39,559 6,910 — 46,469 Amortization of intangible assets 705 — — 705 Amortization of deferred financing costs 289 — — 289 Accretion of note discount, net of premium amortization 120 — — 120 Provision for losses on accounts receivable 593 224 — 817 Provision for inventory obsolescence 67 — — 67 Change in deferred income taxes 4,456 — — 4,456 Stock-based compensation expense 1,319 — — 1,319 Gain from sales of property and equipment, net (714 ) (59 ) — (773 ) Gain from sales of rental equipment, net (6,228 ) (1,517 ) — (7,745 ) Equity in earnings of guarantor subsidiaries (458 ) — 458 — Changes in operating assets and liabilities: Receivables 11,687 10,727 — 22,414 Inventories (78,456 ) (10,218 ) — (88,674 ) Prepaid expenses and other assets (2,175 ) (62 ) — (2,237 ) Accounts payable 45,770 (386 ) — 45,384 Manufacturer flooring plans payable 7,143 (1,033 ) — 6,110 Accrued expenses payable and other liabilities (15,286 ) (513 ) — (15,799 ) Deferred compensation payable 22 — — 22 Net cash provided by operating activities 23,054 5,252 — 28,306 Cash flows from investing activities: Acquisition of business, net of cash acquired (125,207 ) — — (125,207 ) Purchases of property and equipment (4,301 ) (204 ) — (4,505 ) Purchases of rental equipment (36,688 ) (3,966 ) — (40,654 ) Proceeds from sales of property and equipment 726 59 — 785 Proceeds from sales of rental equipment 18,901 4,529 — 23,430 Investment in subsidiaries 5,613 — (5,613 ) — Net cash provided by (used in) investing activities (140,956 ) 418 (5,613 ) (146,151 ) Cash flows from financing activities: Borrowings on senior secured credit facility 294,229 — — 294,229 Payments on senior secured credit facility (294,229 ) — — (294,229 ) Dividends paid (9,804 ) — — (9,804 ) Payments of deferred financing costs (88 ) — — (88 ) Payments on capital lease obligations — (57 ) — (57 ) Capital contributions — (5,613 ) 5,613 — Net cash used in financing activities (9,892 ) (5,670 ) 5,613 (9,949 ) Net decrease in cash (127,794 ) — — (127,794 ) Cash, beginning of period 165,878 — — 165,878 Cash, end of period $ 38,084 $ — $ — $ 38,084 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Three Months Ended March 31, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 5,390 $ 1,212 $ (1,212 ) $ 5,390 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 5,301 794 — 6,095 Depreciation of rental equipment 33,748 7,155 — 40,903 Amortization of deferred financing costs 262 — — 262 Accretion of note discount, net of premium amortization 42 — — 42 Provision for losses on accounts receivable 726 259 — 985 Provision for inventory obsolescence 21 — — 21 Change in deferred income taxes 4,382 — — 4,382 Stock-based compensation expense 1,181 — — 1,181 Gain from sales of property and equipment, net (724 ) (247 ) — (971 ) Gain from sales of rental equipment, net (6,670 ) (1,929 ) — (8,599 ) Equity in earnings of guarantor subsidiaries (1,212 ) — 1,212 - Changes in operating assets and liabilities: - Receivables (1,064 ) 716 — (348 ) Inventories (38,215 ) (6,587 ) — (44,802 ) Prepaid expenses and other assets (4,039 ) (57 ) — (4,096 ) Accounts payable 33,160 2,294 — 35,454 Manufacturer flooring plans payable 6,034 126 — 6,160 Accrued expenses payable and other liabilities (11,879 ) 410 — (11,469 ) Deferred compensation payable 17 — — 17 Net cash provided by operating activities 26,461 4,146 — 30,607 Cash flows from investing activities: Purchases of property and equipment (5,474 ) (330 ) — (5,804 ) Purchases of rental equipment (25,444 ) (8,535 ) — (33,979 ) Proceeds from sales of property and equipment 1,590 258 — 1,848 Proceeds from sales of rental equipment 19,251 5,552 — 24,803 Investment in subsidiaries 1,036 — (1,036 ) - Net cash used in investing activities (9,041 ) (3,055 ) (1,036 ) (13,132 ) Cash flows from financing activities: Borrowings on senior secured credit facility 228,254 — — 228,254 Payments on senior secured credit facility (238,536 ) — — (238,536 ) Dividends paid (9,781 ) (2 ) — (9,783 ) Payments on capital lease obligations — (53 ) — (53 ) Capital contributions — (1,036 ) 1,036 - Net cash used in financing activities (20,063 ) (1,091 ) 1,036 (20,118 ) Net decrease in cash (2,643 ) — — (2,643 ) Cash, beginning of period 7,683 — — 7,683 Cash, end of period $ 5,040 $ — $ — $ 5,040

Organization and Nature of Op17

Organization and Nature of Operations (Policies)	3 Months Ended
	Mar. 31, 2018
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 months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018, 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, 2017, from which the consolidated balance sheet amounts as of December 31, 2017 were derived. All significant intercompany accounts and transactions have been eliminated in these condensed consolidated financial statements. Business combinations accounted for as purchases are included in the condensed consolidated financial statements from their respective dates of acquisition. The nature of our business is such that short-term obligations are typically met by cash flows generated from long-term assets. Consequently, and consistent with industry practice, the accompanying condensed consolidated balance sheets are presented on an unclassified basis.
Use of Estimates	Use of Estimates We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America, which requires management to use its judgment to make estimates and assumptions that affect the reported amounts of assets and liabilities and related disclosures at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reported period. These assumptions and estimates could have a material effect on our condensed consolidated financial statements. Actual results may differ materially from those estimates. We review our estimates on an ongoing basis based on information currently available, and changes in facts and circumstances may cause us to revise these estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Pronouncements Not Yet Adopted In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases . Our operating leases under current guidance include the real estate where all but 11 of our 83 branch locations are located as of March 31, 2018. 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 below, 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. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment Recent Accounting Pronouncements Adopted in the First Quarter of 2018 In August 2016, the FASB issued ASU 2016-15, “ Classification of Certain Cash Receipts and Cash Payments” , which aims to eliminate the diversity in the presentation of certain cash receipts and cash payments presented and classified in the statement of cash flows. The guidance addresses the following specific cash flow issues: (1) debt prepayment or debt extinguishment costs, (2) settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing, (3) contingent consideration payments made after a business combination, (4) proceeds from the settlement of insurance claims, (5) proceeds from settlement of corporate-owned life insurance policies, including bank-owned life insurance policies, (6) distributions received from equity method investees, (7) beneficial interests in securitization transitions and (8) separately identifiable cash flows and application of predominance principle. We adopted this guidance effective January 1, 2018 and it had no impact to our condensed consolidated statement of cash flows for the periods presented in this Quarterly Report on Form 10-Q. In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606). Under this ASU and subsequently issued amendments, revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflect the consideration we expect to be entitled to in exchange for those goods or services. Entities may use a full retrospective approach or report on the cumulative effect as of the date of adoption. We adopted this standard using the full retrospective transition method effective January 1, 2018. While the adoption of the new standard did not have an impact on our reported earnings for the periods presented, approximately $1.7 million of revenues that were previously classified in Other Revenues have been reclassified to Parts Revenues. These revenues relate to freight income associated with our parts transactions, and such income was not deemed to be a separate performance obligation under the new guidance. Accordingly, we also reclassified $1.2 million of associated freight costs related to these parts transactions from Other Cost of Revenues to Parts Costs of Revenues. We have recast our results for the prior year period as shown in the table below (amounts in thousands). Three Months Ended March 31, 2017 Statement of Income: As Previously Reported Adjustments Current Presentation Revenues: Equipment rentals $ 107,317 $ ─ $ 107,317 New equipment sales 34,274 ─ 34,274 Used equipment sales 28,863 ─ 28,863 Parts sales 25,331 1,669 27,000 Services revenues 15,080 ─ 15,080 Other 15,963 (1,669) 14,294 Total revenues 226,828 ─ 226,828 Cost of revenues: Rental depreciation 40,903 ─ 40,903 Rental expense 18,374 ─ 18,374 New equipment sales 30,381 ─ 30,381 Used equipment sales 19,861 ─ 19,861 Parts sales 18,213 1,223 19,436 Services revenues 4,999 ─ 4,999 Other 16,425 (1,223) 15,202 Total cost of revenues 149,156 ─ 149,156 Gross profit $ 77,672 $ ─ $ 77,672
Revenue Recognition	Revenue Recognition As further discussed below, upon the adoption of Topic 606 on January 1, 2018, we recognize revenue in accordance with two different accounting standards: 1) Topic 606 and 2) Topic 840 (which addresses lease accounting). As discussed above in “Pronouncements Not Yet Adopted”, Topic 842 will supersede Topic 840 upon our adoption of Topic 842 on January 1, 2019. Under Topic 606, revenue from contracts with customers is measured based on the consideration specified in the contract with the customer, and excludes any sales incentives and amounts collected on behalf of third parties. A performance obligation is a promise in a contract to transfer a distinct good or service to a customer. We recognize revenue when we satisfy a performance obligation by transferring control over a product or service to a customer. The amount of revenue recognized reflects the consideration we expect to be entitled to in exchange for such products or services. Nature of goods and services The table below summarizes our revenue by type and by the applicable accounting standard (amounts in thousands). Three Months Ended March 31, 2018 2017 Topic 840 Topic 606 Total Topic 840 Topic 605 Total Rental revenues $ 128,840 $ 521 $ 129,361 $ 106,783 $ 534 $ 107,317 New equipment sales ─ 46,493 46,493 ─ 34,274 34,274 Used equipment sales ─ 24,853 24,853 ─ 28,863 28,863 Parts sales ─ 28,151 28,151 ─ 27,000 27,000 Service revenues ─ 15,036 15,036 ─ 15,080 15,080 Other 4,580 12,008 16,588 3,838 10,456 14,294 Total revenues $ 133,420 $ 127,062 $ 260,482 $ 110,621 $ 116,207 $ 226,828 Revenues by reporting segment are presented in note 10 of our condensed consolidated financial statements, using the revenue captions reflected in our condensed consolidated statements of income. We believe that the disaggregation of our revenues from contracts to customers as reflected above, coupled with further discussion below and the reporting segment in note 10, depicts how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors. Lease revenues (Topic 840) As discussed above in “Pending Accounting Pronouncements Not Yet Adopted”, we expect to adopt Topic 842 on January 1, 2019. While our review of the revenue accounting under Topic 842 is ongoing, we have tentatively concluded that no significant changes are expected to our revenue accounting upon adoption of Topic 842. Rental Revenues: Owned equipment rentals represent revenues from renting equipment. We account for these rentals as operating leases. We recognize revenue from equipment rentals in the period earned, regardless of the timing of billing to customers. A rental contract includes rates for daily, weekly or monthly use, and rental revenues are earned on a daily basis as rental contracts remain outstanding. Because the rental contracts can extend across multiple reporting periods, we record unbilled rental revenues and deferred rental revenues at the end of reporting periods so rental revenues earned is appropriately stated for the periods presented. Other: Other rental revenues primarily represent services performed by us in connection with the rental of equipment to a customer, such as fuel consumption charges and damage waiver insurance. Fuel consumption charges are recognized upon return of the rental equipment when fuel consumption by the customer can be measured, if any. Income from damage waiver insurance policies are recognized over the period the equipment is rented. Revenues from contracts with customers (Topic 606) The accounting for the types of revenues accounted for pursuant to Topic 606 are discussed below. Substantially all of our revenues under Topic 606 are recognized at a point-in-time rather than over time. Rental revenues: These revenues represent services performed by us in connection with the rental of equipment and are comprised of customer training fees on rented equipment and erection and dismantling services on rental equipment. Revenues for these services are recognized upon completion of such services. New equipment sales: Revenues from the sales of new equipment are recognized at the time of delivery to, or pick-up by, the customer, which is when the customer obtains control of the promised good. Used equipment sales: Revenues from the sales of used equipment are recognized at the time of delivery to, or pick-up by, the customer, which is when the customer obtains control of the promised good. Parts sales: Revenues from the sales of equipment parts are recognized at the time of pick-up by the customer for parts counter sales transactions. For parts that are shipped to a customer, we’ve elected to use a practical expedient of Topic 606 and treat such shipping activities as fulfillment costs, thereby recognizing revenues at the time of shipment. Services revenues: We derive our services primarily from maintenance and repair services to customers for their owned equipment. We recognize services revenues at the time such services are completed, which is when the customer obtains control of the promised service. Other revenues : Other revenues relate primarily to hauling fees for transporting rental equipment to and from the customer and ancillary charges associated with maintenance and repair services. Such revenues are recognized at the time the services are completed. Receivables and contract assets and liabilities We manage credit risk associated with our accounts receivables at the customer level. Because the same customers typically generate the revenues that are accounted for under both Topic 606 and Topic 840, the discussions below on credit risk and our allowances for doubtful accounts address our total revenues from Topic 606 (Topic 605 for 2017) and Topic 840. We believe concentration of credit risk with respect to our receivables is limited because a large number of geographically diverse customers makes up our customer base. Our largest customer accounted for less than one percent of total revenues for the three months ended March 31, 2018, and for each of the last three full years. No single customer accounted for more than 10% of our revenues on an overall or segment basis for any of the periods presented in this Quarterly Report on Form 10-Q. We manage credit risk through credit approvals, credit limits and other monitoring procedures. We maintain an allowance for doubtful accounts that reflects our estimate of the amount of our receivables that we will be unable to collect. We develop our estimate of this allowance based on our historical experience with specific customers, our understanding of our current economic circumstances and our own judgment as to the likelihood of ultimate payment. Our largest exposure to doubtful accounts is in our rental operations. We perform credit evaluations of customers and establish credit limits based on reviews of our customers’ current credit information and payment histories. We believe our credit risk is somewhat mitigated by our geographically diverse customer base and our credit evaluation procedures. During the year, we write-off customer account balances when we have exhausted reasonable collection efforts and determined that the likelihood of collection is remote. Such write-offs are charged against our allowance for doubtful accounts. Bad debt expense as a percentage of total revenues for the three month periods ended March 31, 2018 and 2017 were approximately 0.4% and 0.5%, respectively. The actual rate of future credit losses, however, may not be similar to past experience. Our estimate of doubtful accounts could change based on changing circumstances, including changes in the economy or in the particular circumstances of individual customers. Accordingly, we may be required to increase or decrease our allowance for doubtful accounts. We do not have material contract assets, impairment losses associated therewith, or material contract liabilities associated with contracts with customers. Our contracts with customers do not generally result in material amounts billed to customers in excess of recognizable revenue. We did not recognize material revenue during the three months ended March 31, 2018 or 2017 that was included in the contract liability balance as of the beginning of such periods. Performance obligations Most of our Topic 606 revenue is recognized at a point-in-time, rather than over time. Accordingly, in any particular period, we do not generally recognize a significant amount of revenue from performance obligations satisfied (or partially satisfied) in previous periods, and the amount of such revenue recognized during the three months ended March 31, 2018 and 2017 was not material. We also do not expect to recognize material revenue in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of March 31, 2018. Payment terms Our Topic 606 revenues do not include material amounts of variable consideration. Our payment terms vary by the type and location of our customer and the products or services offered. The time between invoicing and when payment is due is not significant. Our contracts do not generally include a significant financing component. Our contracts with customers do not generally result in significant obligations associated with returns, refunds or warranties. See above for a discussion of how we manage credit risk. Sales tax amounts collected from customers are recorded on a net basis. Contract costs We do not recognize any assets associated with the incremental costs of obtaining a contract with a customer (for example, a sales commission) that we expect to recover. Most of our revenue is recognized at a point-in-time or over a period of one year or less, and we use the practical expedient that allows us to recognize the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that we otherwise would have recognized is one year or less. Contract estimates and judgments Our revenues accounted for under Topic 606 generally do not require significant estimates or judgments as the transaction price is generally fixed and stated on our contracts. Our contracts generally do not include multiple performance obligations, and accordingly do not generally require estimates of the standalone selling price for each performance obligation. Also, our revenues do not include material amounts of variable consideration. Substantially all of our revenues are recognized at a point-in-time and the timing of the satisfaction of the applicable performance obligations is readily determinable. As noted above, our Topic 606 revenues are generally recognized at the time of delivery to, or pick-up by, the customer.

Significant Accounting Polici18

Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Recast of Our Results for Prior Year	We have recast our results for the prior year period as shown in the table below (amounts in thousands). Three Months Ended March 31, 2017 Statement of Income: As Previously Reported Adjustments Current Presentation Revenues: Equipment rentals $ 107,317 $ ─ $ 107,317 New equipment sales 34,274 ─ 34,274 Used equipment sales 28,863 ─ 28,863 Parts sales 25,331 1,669 27,000 Services revenues 15,080 ─ 15,080 Other 15,963 (1,669) 14,294 Total revenues 226,828 ─ 226,828 Cost of revenues: Rental depreciation 40,903 ─ 40,903 Rental expense 18,374 ─ 18,374 New equipment sales 30,381 ─ 30,381 Used equipment sales 19,861 ─ 19,861 Parts sales 18,213 1,223 19,436 Services revenues 4,999 ─ 4,999 Other 16,425 (1,223) 15,202 Total cost of revenues 149,156 ─ 149,156 Gross profit $ 77,672 $ ─ $ 77,672
Summary of Revenue by Type and by Applicable Accounting Standard	The table below summarizes our revenue by type and by the applicable accounting standard (amounts in thousands). Three Months Ended March 31, 2018 2017 Topic 840 Topic 606 Total Topic 840 Topic 605 Total Rental revenues $ 128,840 $ 521 $ 129,361 $ 106,783 $ 534 $ 107,317 New equipment sales ─ 46,493 46,493 ─ 34,274 34,274 Used equipment sales ─ 24,853 24,853 ─ 28,863 28,863 Parts sales ─ 28,151 28,151 ─ 27,000 27,000 Service revenues ─ 15,036 15,036 ─ 15,080 15,080 Other 4,580 12,008 16,588 3,838 10,456 14,294 Total revenues $ 133,420 $ 127,062 $ 260,482 $ 110,621 $ 116,207 $ 226,828

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date. The amounts presented here are preliminary and are subject to change. However, we do not expect material changes to these assigned values. $’s in thousands Cash $ 1,244 Accounts receivable, net of allowance for doubtful accounts (1) 7,583 Inventory 504 Prepaid expenses and other assets 324 Rental equipment 55,342 Property and equipment 2,700 Intangible assets (2) 21,900 Deferred tax assets 294 Total identifiable assets acquired 89,891 Accounts payable (1,023) Accrued expenses payable and other liabilities (1,670) Total liabilities assumed (2,693) Net identifiable assets acquired 87,198 Goodwill (3) 45,192 Net assets acquired $ 132,390 (1) The fair value of accounts receivables acquired was approximately $7.6 million and the gross contractual amount was $7.7 million. (2) The following table reflects the estimated fair values and useful lives of the acquired intangible assets identified based on our purchase accounting assessments: Fair Value (amounts in thousands) Life (years) Customer relationships $ 21,000 10 Tradenames 700 1 Leasehold interests 200 10 $ 21,900 (3) The analysis of assigning the $45.2 million goodwill among our six goodwill reporting units has not been finalized. The level of goodwill that resulted from the CEC acquisition is primarily reflective of CEC’s going-concern value, the value of CEC’s assembled workforce, new customer relationships expected to arise from the acquisition and expected synergies from combining operations. We currently expect the goodwill recognized to be 100% deductible for income tax purposes.
Unaudited Pro Forma Consolidated Statements of Income Information	The table below presents unaudited pro forma consolidated statements of income information for the three month period ended March 31, 2017 as if CEC was included in our consolidated results for the entire period presented. (amounts in thousands) Three Month Period Ended March 31, 2017 H&E CEC Total Total revenues (1) $ 226,828 $ 8,389 $ 235,217 Pretax income 8,530 1,441 9,971 Pro forma adjustments to pretax income: Impact of fair value mark-ups/useful life changes on depreciation (2) (903) (903) Intangible asset amortization (3) (705) (705) Pro forma pretax income (loss) 8,530 (167) 8,363 Income tax expense (benefit) 3,140 (63) 3,077 Net income (loss) $ 5,390 $ (104) $ 5,286 Net income per share - basic $ 0.15 $ ─ $ 0.15 Net income per share – diluted $ 0.15 $ ─ $ 0.15 (1) There were no nonrecurring pro forma adjustments directly attributable to the CEC acquisition included in the reported pro forma total revenues. (2) Depreciation of rental equipment and non-rental equipment were adjusted for the fair value markups, and the changes in useful lives and salvage values of the equipment acquired in the CEC acquisition. (3) Represents the amortization of the intangible assets acquired in the CEC acquisition.

Fair Value of Financial Instr20

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 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. March 31, 2018 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 4.50% (Level 3) $ 28,112 $ 24,284 Senior unsecured notes with interest computed at 5.625% (Level 1) 944,200 958,313 Capital leases payable with interest computed at 5.929% to 9.55% (Level 3) 1,430 945 Letter of credit (Level 3) — 116 December 31, 2017 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 4.50% (Level 3) $ 22,002 $ 18,737 Senior unsecured notes with interest computed at 5.625% (Level 3) 944,088 619,019 Capital leases payable with interest computed at 5.929% to 9.55% (Level 3) 1,486 1,114 Letter of credit (Level 3) — 116

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Summary of Activity in Stockholders' Equity	The following table summarizes the activity in Stockholders’ Equity for the three month period ended March 31, 2018 (amounts in thousands, except share data): Common Stock Additional Total Shares Issued Amount Paid-in Capital Treasury Stock Retained Earnings Stockholders’ Equity Balances at December 31, 2017 39,623,773 $ 395 $ 227,070 $ (61,749 ) $ 51,077 $ 216,793 Stock-based compensation — — 1,319 — — 1,319 Cash dividends declared on common stock ($0.275 per share) — — — — (9,845 ) (9,845 ) Issuance of common stock, net of forfeitures 9,534 — — — — — Net income — — — — 9,478 9,478 Balances at March 31, 2018 39,633,307 $ 395 $ 228,389 $ (61,749 ) $ 50,710 $ 217,745

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2018
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 three months ended March 31, 2018: Number of Shares Weighted Average Grant Date Fair Non-vested stock at December 31, 2017 445,964 $ 19.70 Granted 14,224 $ 39.38 Vested (14,224 ) $ 39.38 Forfeited (4,690 ) $ 20.71 Non-vested stock at March 31, 2018 441,274 $ 19.69
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 months ended March 31, 2018 and 2017 (amounts in thousands): For the Three Months Ended March 31, 2018 2017 Compensation expense $ 1,319 $ 1,181

Income per Share (Tables)

Income per Share (Tables)	3 Months Ended
	Mar. 31, 2018
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 months ended March 31, 2018 and 2017 (amounts in thousands, except per share amounts): Three Months Ended March 31, 2018 2017 Basic net income per share: Net income $ 9,478 $ 5,390 Weighted average number of common shares outstanding 35,592 35,465 Net income per share of common stock – basic $ 0.27 $ 0.15 Diluted net income per share: Net income $ 9,478 $ 5,390 Weighted average number of common shares outstanding 35,592 35,465 Effect of dilutive securities: Effect of dilutive stock options — 1 Effect of dilutive non-vested restricted stock 287 155 Weighted average number of common shares outstanding – diluted 35,879 35,621 Net income per share of common stock – diluted $ 0.26 $ 0.15 Common shares excluded from the denominator as anti-dilutive: Stock options — — Non-vested restricted stock — —

Senior Unsecured Notes (Tables)

Senior Unsecured Notes (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2016 $ 627,711 Accretion of discount on Old Notes through August 24, 2017 683 Amortization of note premium on Old Notes through August 24, 2017 (574 ) Amortization of deferred financing costs on Old Notes through August 24, 2017 153 Aggregate principal amount paid on Old Notes (630,000 ) Writeoff of unaccreted discount on Old Notes 5,294 Writeoff of unamortized premium on Old Notes (4,452 ) Writeoff of deferred financing costs on Old Notes 1,185 Aggregate principal amount issued on New Notes 950,000 Note discount and deferred transaction costs on New Notes (14,684 ) Note premium on New Notes 8,500 Accretion of discount on New Notes from August 24, 2017 through December 31, 2017 542 Amortization of note premium on New Notes from August 24, 2017 through December 31, 2017 (375 ) Amortization of deferred financing costs on New Notes from August 24, 2017 through December 31, 2017 105 Balance at December 31, 2017 $ 944,088 Accretion of discount through March 31, 2018 385 Amortization of note premium through March 31, 2018 (266 ) Additional deferred transaction costs on New Notes (88 ) Amortization of deferred financing costs through March 31, 2018 81 Balance at March 31, 2018 $ 944,200

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of Information about Reportable Segments	The following table presents information about our reportable segments (amounts in thousands): Three Months Ended March 31, 2018 2017 Segment Revenues: Equipment rentals $ 129,361 $ 107,317 New equipment sales 46,493 34,274 Used equipment sales 24,853 28,863 Parts sales 28,151 27,000 Services revenues 15,036 15,080 Total segmented revenues 243,894 212,534 Non-segmented revenues 16,588 14,294 Total revenues $ 260,482 $ 226,828 Segment Gross Profit: Equipment rentals $ 61,620 $ 48,040 New equipment sales 5,648 3,893 Used equipment sales 7,916 9,002 Parts sales 7,534 7,564 Services revenues 9,986 10,081 Total segmented gross profit 92,704 78,580 Non-segmented gross profit (loss) (119 ) (908 ) Total gross profit $ 92,585 $ 77,672 Balances at March 31, December 31, 2018 2017 Segment identified assets: Equipment sales $ 129,995 $ 58,125 Equipment rentals 954,080 904,824 Parts and services 18,706 16,879 Total segment identified assets 1,102,781 979,828 Non-segment identified assets 414,517 487,889 Total assets $ 1,517,298 $ 1,467,717

Condensed Consolidating Finan26

Condensed Consolidating Financial Information of Guarantor Subsidiaries (Tables)	3 Months Ended
	Mar. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET As of March 31, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 38,084 $ — $ — $ 38,084 Receivables, net 133,959 26,473 — 160,432 Inventories, net 129,609 19,092 — 148,701 Prepaid expenses and other assets 11,529 204 — 11,733 Rental equipment, net 813,882 140,198 — 954,080 Property and equipment, net 91,801 11,320 — 103,121 Deferred financing costs, net 3,563 — — 3,563 Investment in guarantor subsidiaries 217,062 — (217,062 ) — Intangible assets, net 21,195 — — 21,195 Goodwill 46,863 29,526 — 76,389 Total assets $ 1,507,547 $ 226,813 $ (217,062 ) $ 1,517,298 Liabilities and Stockholders’ Equity: Accounts payable $ 125,604 $ 10,584 $ — $ 136,188 Manufacturer flooring plans payable 27,443 669 — 28,112 Accrued expenses payable and other liabilities 59,813 (2,884 ) — 56,929 Dividends payable 237 (48 ) — 189 Senior unsecured notes 944,200 — — 944,200 Capital leases payable — 1,430 — 1,430 Deferred income taxes 130,580 — — 130,580 Deferred compensation payable 1,925 — — 1,925 Total liabilities 1,289,802 9,751 — 1,299,553 Stockholders’ equity 217,745 217,062 (217,062 ) 217,745 Total liabilities and stockholders’ equity $ 1,507,547 $ 226,813 $ (217,062 ) $ 1,517,298 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 165,878 $ — $ — $ 165,878 Receivables, net 138,657 37,424 — 176,081 Inventories, net 63,828 11,176 — 75,004 Prepaid expenses and other assets 9,030 142 — 9,172 Rental equipment, net 760,972 143,852 — 904,824 Property and equipment, net 89,952 11,837 — 101,789 Deferred financing costs, net 3,772 — — 3,772 Investment in guarantor subsidiaries 222,217 — (222,217 ) - Goodwill 1,671 29,526 — 31,197 Total assets $ 1,455,977 $ 233,957 $ (222,217 ) $ 1,467,717 Liabilities and Stockholders’ Equity: Accounts payable $ 78,811 $ 10,970 $ — $ 89,781 Manufacturer flooring plans payable 20,300 1,702 — 22,002 Accrued expenses payable and other liabilities 67,466 (2,371 ) — 65,095 Dividends payable 197 (47 ) — 150 Senior unsecured notes 944,088 — — 944,088 Capital leases payable — 1,486 — 1,486 Deferred income taxes 126,419 — — 126,419 Deferred compensation payable 1,903 — — 1,903 Total liabilities 1,239,184 11,740 — 1,250,924 Stockholders’ equity 216,793 222,217 (222,217 ) 216,793 Total liabilities and stockholders’ equity $ 1,455,977 $ 233,957 $ (222,217 ) $ 1,467,717
Condensed Consolidating Statement of Income	CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended March 31, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 110,834 $ 18,527 $ — $ 129,361 New equipment sales 39,901 6,592 — 46,493 Used equipment sales 20,226 4,627 — 24,853 Parts sales 24,347 3,804 — 28,151 Services revenues 12,782 2,254 — 15,036 Other 13,942 2,646 — 16,588 Total revenues 222,032 38,450 — 260,482 Cost of revenues: Rental depreciation 39,559 6,910 — 46,469 Rental expense 18,261 3,011 — 21,272 New equipment sales 35,083 5,762 — 40,845 Used equipment sales 13,832 3,105 — 16,937 Parts sales 17,956 2,661 — 20,617 Services revenues 4,361 689 — 5,050 Other 13,916 2,791 — 16,707 Total cost of revenues 142,968 24,929 — 167,897 Gross profit (loss): Equipment rentals 53,014 8,606 — 61,620 New equipment sales 4,818 830 — 5,648 Used equipment sales 6,394 1,522 — 7,916 Parts sales 6,391 1,143 — 7,534 Services revenues 8,421 1,565 — 9,986 Other 26 (145 ) — (119 ) Gross profit 79,064 13,521 — 92,585 Selling, general and administrative expenses 55,009 10,871 — 65,880 Merger costs 152 — — 152 Equity in earnings of guarantor subsidiaries 458 — (458 ) — Gain on sales of property and equipment, net (714 ) (59 ) — (773 ) Income from operations 25,075 2,709 (458 ) 27,326 Other income (expense): Interest expense (12,349 ) (2,304 ) — (14,653 ) Other, net 342 53 — 395 Total other expense, net (12,007 ) (2,251 ) — (14,258 ) Income before income taxes 13,068 458 (458 ) 13,068 Income tax expense 3,590 — — 3,590 Net income $ 9,478 $ 458 $ (458 ) $ 9,478 CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended March 31, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 88,283 $ 19,034 $ — $ 107,317 New equipment sales 29,675 4,599 — 34,274 Used equipment sales 23,142 5,721 — 28,863 Parts sales 23,141 3,859 — 27,000 Services revenues 12,695 2,385 — 15,080 Other 11,752 2,542 — 14,294 Total revenues 188,688 38,140 — 226,828 Cost of revenues: Rental depreciation 33,748 7,155 — 40,903 Rental expense 15,237 3,137 — 18,374 New equipment sales 26,370 4,011 — 30,381 Used equipment sales 16,098 3,763 — 19,861 Parts sales 16,726 2,710 — 19,436 Services revenues 4,210 789 — 4,999 Other 12,253 2,949 — 15,202 Total cost of revenues 124,642 24,514 — 149,156 Gross profit (loss): Equipment rentals 39,298 8,742 — 48,040 New equipment sales 3,305 588 — 3,893 Used equipment sales 7,044 1,958 — 9,002 Parts sales 6,415 1,149 — 7,564 Services revenues 8,485 1,596 — 10,081 Other (501 ) (407 ) — (908 ) Gross profit 64,046 13,626 — 77,672 Selling, general and administrative expenses 46,886 10,432 — 57,318 Equity in earnings of guarantor subsidiaries 1,212 — (1,212 ) — Gain on sales of property and equipment, net (724 ) (247 ) — (971 ) Income from operations 19,096 3,441 (1,212 ) 21,325 Other income (expense): Interest expense (10,913 ) (2,319 ) — (13,232 ) Other, net 347 90 — 437 Total other expense, net (10,566 ) (2,229 ) — (12,795 ) Income before income taxes 8,530 1,212 (1,212 ) 8,530 Income tax expense 3,140 — — 3,140 Net income $ 5,390 $ 1,212 $ (1,212 ) $ 5,390
Condensed Consolidating Statement of Cash Flows	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Three Months Ended March 31, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 9,478 $ 458 $ (458 ) $ 9,478 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 5,163 721 — 5,884 Depreciation of rental equipment 39,559 6,910 — 46,469 Amortization of intangible assets 705 — — 705 Amortization of deferred financing costs 289 — — 289 Accretion of note discount, net of premium amortization 120 — — 120 Provision for losses on accounts receivable 593 224 — 817 Provision for inventory obsolescence 67 — — 67 Change in deferred income taxes 4,456 — — 4,456 Stock-based compensation expense 1,319 — — 1,319 Gain from sales of property and equipment, net (714 ) (59 ) — (773 ) Gain from sales of rental equipment, net (6,228 ) (1,517 ) — (7,745 ) Equity in earnings of guarantor subsidiaries (458 ) — 458 — Changes in operating assets and liabilities: Receivables 11,687 10,727 — 22,414 Inventories (78,456 ) (10,218 ) — (88,674 ) Prepaid expenses and other assets (2,175 ) (62 ) — (2,237 ) Accounts payable 45,770 (386 ) — 45,384 Manufacturer flooring plans payable 7,143 (1,033 ) — 6,110 Accrued expenses payable and other liabilities (15,286 ) (513 ) — (15,799 ) Deferred compensation payable 22 — — 22 Net cash provided by operating activities 23,054 5,252 — 28,306 Cash flows from investing activities: Acquisition of business, net of cash acquired (125,207 ) — — (125,207 ) Purchases of property and equipment (4,301 ) (204 ) — (4,505 ) Purchases of rental equipment (36,688 ) (3,966 ) — (40,654 ) Proceeds from sales of property and equipment 726 59 — 785 Proceeds from sales of rental equipment 18,901 4,529 — 23,430 Investment in subsidiaries 5,613 — (5,613 ) — Net cash provided by (used in) investing activities (140,956 ) 418 (5,613 ) (146,151 ) Cash flows from financing activities: Borrowings on senior secured credit facility 294,229 — — 294,229 Payments on senior secured credit facility (294,229 ) — — (294,229 ) Dividends paid (9,804 ) — — (9,804 ) Payments of deferred financing costs (88 ) — — (88 ) Payments on capital lease obligations — (57 ) — (57 ) Capital contributions — (5,613 ) 5,613 — Net cash used in financing activities (9,892 ) (5,670 ) 5,613 (9,949 ) Net decrease in cash (127,794 ) — — (127,794 ) Cash, beginning of period 165,878 — — 165,878 Cash, end of period $ 38,084 $ — $ — $ 38,084 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Three Months Ended March 31, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 5,390 $ 1,212 $ (1,212 ) $ 5,390 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 5,301 794 — 6,095 Depreciation of rental equipment 33,748 7,155 — 40,903 Amortization of deferred financing costs 262 — — 262 Accretion of note discount, net of premium amortization 42 — — 42 Provision for losses on accounts receivable 726 259 — 985 Provision for inventory obsolescence 21 — — 21 Change in deferred income taxes 4,382 — — 4,382 Stock-based compensation expense 1,181 — — 1,181 Gain from sales of property and equipment, net (724 ) (247 ) — (971 ) Gain from sales of rental equipment, net (6,670 ) (1,929 ) — (8,599 ) Equity in earnings of guarantor subsidiaries (1,212 ) — 1,212 - Changes in operating assets and liabilities: - Receivables (1,064 ) 716 — (348 ) Inventories (38,215 ) (6,587 ) — (44,802 ) Prepaid expenses and other assets (4,039 ) (57 ) — (4,096 ) Accounts payable 33,160 2,294 — 35,454 Manufacturer flooring plans payable 6,034 126 — 6,160 Accrued expenses payable and other liabilities (11,879 ) 410 — (11,469 ) Deferred compensation payable 17 — — 17 Net cash provided by operating activities 26,461 4,146 — 30,607 Cash flows from investing activities: Purchases of property and equipment (5,474 ) (330 ) — (5,804 ) Purchases of rental equipment (25,444 ) (8,535 ) — (33,979 ) Proceeds from sales of property and equipment 1,590 258 — 1,848 Proceeds from sales of rental equipment 19,251 5,552 — 24,803 Investment in subsidiaries 1,036 — (1,036 ) - Net cash used in investing activities (9,041 ) (3,055 ) (1,036 ) (13,132 ) Cash flows from financing activities: Borrowings on senior secured credit facility 228,254 — — 228,254 Payments on senior secured credit facility (238,536 ) — — (238,536 ) Dividends paid (9,781 ) (2 ) — (9,783 ) Payments on capital lease obligations — (53 ) — (53 ) Capital contributions — (1,036 ) 1,036 - Net cash used in financing activities (20,063 ) (1,091 ) 1,036 (20,118 ) Net decrease in cash (2,643 ) — — (2,643 ) Cash, beginning of period 7,683 — — 7,683 Cash, end of period $ 5,040 $ — $ — $ 5,040

Significant Accounting Polici27

Significant Accounting Policies - Additional Information (Detail) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018USD ($)LocationCustomer	Mar. 31, 2017Customer	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Summary Of Significant Accounting Policy [Line Items]
Number of branch locations | Location	11
Operating leases include real estate, number of branch location located | Location	83
Sales to international customers	0.40%	0.70%
Customer accounted for more than 10% of revenue | Customer	0	0
Bad debt expense as a percentage of total revenues	0.40%	0.50%
Accounting Standards Update 2014-09 [Member] | Parts Sales [Member]
Summary Of Significant Accounting Policy [Line Items]
Revenues | $	$ 1.7
Freight costs related to parts transactions | $	$ 1.2
Maximum [Member]
Summary Of Significant Accounting Policy [Line Items]
Lease term	12 months
Sales to international customers	1.00%		1.00%	1.00%	1.00%

Significant Accounting Polici28

Significant Accounting Policies - Recast of Our Results for Prior Year (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Revenues	$ 260,482	$ 226,828
Cost of revenues:
Cost of revenues	167,897	149,156
Gross profit	92,585	77,672
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	46,469	40,903
Rental Expense [Member]
Cost of revenues:
Cost of revenues	21,272	18,374
Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues	127,062
Accounting Standards Update 2014-09 [Member] | As Previously Reported [Member]
Revenues:
Revenues		226,828
Cost of revenues:
Cost of revenues		149,156
Gross profit		77,672
Accounting Standards Update 2014-09 [Member] | As Previously Reported [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues		40,903
Accounting Standards Update 2014-09 [Member] | As Previously Reported [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues		18,374
Operating Segments [Member]
Revenues:
Revenues	243,894	212,534
Cost of revenues:
Gross profit	92,704	78,580
Operating Segments [Member] | Equipment Rentals [Member]
Revenues:
Revenues	129,361	107,317
Cost of revenues:
Gross profit	61,620	48,040
Operating Segments [Member] | Equipment Rentals [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	46,469	40,903
Operating Segments [Member] | Equipment Rentals [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	21,272	18,374
Operating Segments [Member] | New Equipment Sales [Member]
Revenues:
Revenues	46,493	34,274
Cost of revenues:
Cost of revenues	40,845	30,381
Gross profit	5,648	3,893
Operating Segments [Member] | Used Equipment Sales [Member]
Revenues:
Revenues	24,853	28,863
Cost of revenues:
Cost of revenues	16,937	19,861
Gross profit	7,916	9,002
Operating Segments [Member] | Parts Sales [Member]
Revenues:
Revenues	28,151	27,000
Cost of revenues:
Cost of revenues	20,617	19,436
Gross profit	7,534	7,564
Operating Segments [Member] | Services Revenues [Member]
Revenues:
Revenues	15,036	15,080
Cost of revenues:
Cost of revenues	5,050	4,999
Gross profit	9,986	10,081
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Equipment Rentals [Member]
Revenues:
Revenues	521
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Equipment Rentals [Member] | As Previously Reported [Member]
Revenues:
Revenues		107,317
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | New Equipment Sales [Member]
Revenues:
Revenues	46,493
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | New Equipment Sales [Member] | As Previously Reported [Member]
Revenues:
Revenues		34,274
Cost of revenues:
Cost of revenues		30,381
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Used Equipment Sales [Member]
Revenues:
Revenues	24,853
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Used Equipment Sales [Member] | As Previously Reported [Member]
Revenues:
Revenues		28,863
Cost of revenues:
Cost of revenues		19,861
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Parts Sales [Member]
Revenues:
Revenues	28,151
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Parts Sales [Member] | As Previously Reported [Member]
Revenues:
Revenues		25,331
Cost of revenues:
Cost of revenues		18,213
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Parts Sales [Member] | Adjustments [Member]
Revenues:
Revenues		1,669
Cost of revenues:
Cost of revenues		1,223
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Services Revenues [Member] | As Previously Reported [Member]
Revenues:
Revenues		15,080
Cost of revenues:
Cost of revenues		4,999
Other [Member]
Revenues:
Revenues	16,588	14,294
Cost of revenues:
Cost of revenues	16,707	15,202
Gross profit	(119)	(908)
Other [Member] | Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues	$ 12,008
Other [Member] | Accounting Standards Update 2014-09 [Member] | As Previously Reported [Member]
Revenues:
Revenues		15,963
Cost of revenues:
Cost of revenues		16,425
Other [Member] | Accounting Standards Update 2014-09 [Member] | Adjustments [Member]
Revenues:
Revenues		(1,669)
Cost of revenues:
Cost of revenues		$ (1,223)

Significant Accounting Polici29

Significant Accounting Policies - Summary of Revenue by Type and by Applicable Accounting Standard (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Revenues	$ 260,482	$ 226,828
Topic 840 [Member]
Revenues:
Revenues	133,420	110,621
Topic 606 [Member]
Revenues:
Revenues	127,062
Topic 605 [Member]
Revenues:
Revenues		116,207
Operating Segments [Member]
Revenues:
Revenues	243,894	212,534
Operating Segments [Member] | Equipment Rentals [Member]
Revenues:
Revenues	129,361	107,317
Operating Segments [Member] | Equipment Rentals [Member] | Topic 840 [Member]
Revenues:
Revenues	128,840	106,783
Operating Segments [Member] | Equipment Rentals [Member] | Topic 606 [Member]
Revenues:
Revenues	521
Operating Segments [Member] | Equipment Rentals [Member] | Topic 605 [Member]
Revenues:
Revenues		534
Operating Segments [Member] | New Equipment Sales [Member]
Revenues:
Revenues	46,493	34,274
Operating Segments [Member] | New Equipment Sales [Member] | Topic 606 [Member]
Revenues:
Revenues	46,493
Operating Segments [Member] | New Equipment Sales [Member] | Topic 605 [Member]
Revenues:
Revenues		34,274
Operating Segments [Member] | Used Equipment Sales [Member]
Revenues:
Revenues	24,853	28,863
Operating Segments [Member] | Used Equipment Sales [Member] | Topic 606 [Member]
Revenues:
Revenues	24,853
Operating Segments [Member] | Used Equipment Sales [Member] | Topic 605 [Member]
Revenues:
Revenues		28,863
Operating Segments [Member] | Parts Sales [Member]
Revenues:
Revenues	28,151	27,000
Operating Segments [Member] | Parts Sales [Member] | Topic 606 [Member]
Revenues:
Revenues	28,151
Operating Segments [Member] | Parts Sales [Member] | Topic 605 [Member]
Revenues:
Revenues		27,000
Operating Segments [Member] | Parts and Services [Member]
Revenues:
Revenues	15,036	15,080
Operating Segments [Member] | Parts and Services [Member] | Topic 606 [Member]
Revenues:
Revenues	15,036
Operating Segments [Member] | Parts and Services [Member] | Topic 605 [Member]
Revenues:
Revenues		15,080
Other [Member]
Revenues:
Revenues	16,588	14,294
Other [Member] | Topic 840 [Member]
Revenues:
Revenues	4,580	3,838
Other [Member] | Topic 606 [Member]
Revenues:
Revenues	$ 12,008
Other [Member] | Topic 605 [Member]
Revenues:
Revenues		$ 10,456

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ / shares in Units, $ in Thousands	Apr. 01, 2018Branch	Jan. 02, 2018USD ($)BranchEmployee	Mar. 31, 2018USD ($)Location$ / shares	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Business Acquisition [Line Items]
Number of branches located | Location			11
Acquisition costs			$ 152
Total revenues			260,482	$ 226,828
Net income			9,478	$ 5,390
CEC [Member]
Business Acquisition [Line Items]
Business acquisition, completion date		Jan. 1, 2018
Number of branches located | Branch		3
Number of employees | Employee		100
Business combination, rental assets at original equipment cost					$ 84,000
Business acquisition, total revenues					$ 34,000
Aggregate consideration paid to the owners		$ 132,400
Acquisition costs		$ 900	200
Total revenues			11,700
Net income			$ 700
Net income per share | $ / shares			$ 0.02
Rental Inc [Member] | Subsequent Event [Member]
Business Acquisition [Line Items]
Business acquisition, completion date	Apr. 1, 2018
Number of branches | Branch	5

Acquisitions - Summary of Estim

Acquisitions - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Goodwill	$ 76,389		$ 31,197
CEC [Member]
Business Acquisition [Line Items]
Cash		$ 1,244
Accounts receivable, net of allowance for doubtful accounts		7,583
Inventory		504
Prepaid expenses and other assets		324
Rental equipment		55,342
Property and equipment		2,700
Intangible assets		21,900
Deferred tax assets		294
Total identifiable assets acquired		89,891
Accounts payable		(1,023)
Accrued expenses payable and other liabilities		(1,670)
Total liabilities assumed		(2,693)
Net identifiable assets acquired		87,198
Goodwill		45,192
Net assets acquired		$ 132,390

Acquisitions - Summary of Est32

Acquisitions - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Parenthetical) (Detail) $ in Thousands	Jan. 02, 2018USD ($)ReportingUnit	Mar. 31, 2018USD ($)	Jan. 01, 2018USD ($)	Dec. 31, 2017USD ($)
Business Acquisition [Line Items]
Goodwill		$ 76,389		$ 31,197
CEC [Member]
Business Acquisition [Line Items]
Fair value of accounts receivables			$ 7,583
Fair value of accounts receivables, gross contractual amount			7,700
Fair Value (amounts in thousands)	$ 21,900
Goodwill			$ 45,192
Number of goodwill reporting units | ReportingUnit	6
Percentage of goodwill deductible for income tax purposes	100.00%
CEC [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)	$ 21,000
Life (years)	10 years
CEC [Member] | Trademarks [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)	$ 700
Life (years)	1 year
CEC [Member] | Leasehold Interests [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)	$ 200
Life (years)	10 years

Acquisitions - Unaudited Pro Fo

Acquisitions - Unaudited Pro Forma Consolidated Statements of Income Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Business Acquisition [Line Items]
Total revenues	$ 260,482	$ 226,828
Pretax income	13,068	8,530
Provision for income taxes	3,590	3,140
Net income	$ 9,478	$ 5,390
Basic	$ 0.27	$ 0.15
Diluted	$ 0.26	$ 0.15
Pro forma adjustments to pretax income:
Total revenues		$ 235,217
Pretax income		9,971
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation		(903)
Intangible asset amortization		(705)
Pro forma pretax income (loss)		8,363
Income tax expense (benefit)		3,077
Net income (loss)		$ 5,286
Net income per share - basic		$ 0.15
Net income per share – diluted		$ 0.15
CEC [Member]
Business Acquisition [Line Items]
Total revenues	$ 11,700
Net income	$ 700
Total revenues		$ 8,389
Pretax income		1,441
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation		(903)
Intangible asset amortization		(705)
Pro forma pretax income (loss)		(167)
Income tax expense (benefit)		(63)
Net income (loss)		$ (104)

Fair Value of Financial Instr34

Fair Value of Financial Instruments - Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
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)	$ 28,112	$ 22,002
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)	1,430	1,486
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)	24,284	18,737
Capital leases payable with interest computed at 5.929% to 9.55% (Level 3)	945	1,114
Letter of credit (Level 3)	116	116
Level 1 [Member] | Carrying Amount [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes with interest computed at 5.625% (Level 1)	944,200	944,088
Level 1 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes with interest computed at 5.625% (Level 1)	$ 958,313	$ 619,019

Fair Value of Financial Instr35

Fair Value of Financial Instruments - Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements (Parenthetical) (Detail)	Mar. 31, 2018	Dec. 31, 2017
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%	5.625%
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%	5.625%

Fair Value of Financial Instr36

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Transfer of financial assets	$ 0	$ 0
Transfer of financial liabilities	$ 0	$ 0
Fair Value [Member] | Senior Unsecured Notes Due 2025 [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Senior unsecured notes, due year	2,025		2,025

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Activity in Stockholders' Equity (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value	$ 216,793
Beginning balance, shares	39,623,773
Stock-based compensation	$ 1,319
Cash dividends declared on common stock ($0.275 per share)	(9,845)
Net income	9,478	$ 5,390
Ending balance, value	$ 217,745
Ending balance, shares	39,633,307
Common Stock [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value	$ 395
Beginning balance, shares	39,623,773
Issuance of common stock, net of forfeitures, shares	9,534
Ending balance, value	$ 395
Ending balance, shares	39,633,307
Additional Paid-in Capital [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value	$ 227,070
Stock-based compensation	1,319
Ending balance, value	228,389
Treasury Stock [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value	(61,749)
Ending balance, value	(61,749)
Retained Earnings [Member]
Schedule of Capitalization, Equity [Line Items]
Beginning balance, value	51,077
Cash dividends declared on common stock ($0.275 per share)	(9,845)
Net income	9,478
Ending balance, value	$ 50,710

Stockholders' Equity - Summar38

Stockholders' Equity - Summary of Activity in Stockholders' Equity (Parenthetical) (Detail) - $ / shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Schedule of Capitalization, Equity [Line Items]
Cash dividends declared on common stock, per share	$ 0.275	$ 0.275
Retained Earnings [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) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense related to non-vested stock | $	$ 4
Expected non-vested stock recognized over a weighted-average period	1 year 9 months 18 days
2016 Stock-Based Incentive Compensation Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-Based incentive compensation plan | shares	1,840,241

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Non-Vested Stock Activity (Detail)	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Non-vested stock, beginning balance, Number of Shares | shares	445,964
Granted, Number of Shares | shares	14,224
Vested, Number of Shares | shares	(14,224)
Forfeited, Number of Shares | shares	(4,690)
Non-vested stock, ending balance, Number of Shares | shares	441,274
Non-vested stock, beginning balance, Weighted Average Grant Date Fair Value | $ / shares	$ 19.70
Granted, Weighted Average Grant Date Fair Value | $ / shares	39.38
Vested, Weighted Average Grant Date Fair Value | $ / shares	39.38
Forfeited, Weighted Average Grant Date Fair Value | $ / shares	20.71
Non-vested stock, ending balance, Weighted Average Grant Date Fair Value | $ / shares	$ 19.69

Stock-Based Compensation - Sc41

Stock-Based Compensation - Schedule of Compensation Expense Related to Non-Vested Stock (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Compensation expense	$ 1,319	$ 1,181

Income per Share - Additional I

Income per Share - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Restricted common shares, percentage	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
	Mar. 31, 2018	Mar. 31, 2017
Basic net income per share:
Net income	$ 9,478	$ 5,390
Weighted average number of common shares outstanding	35,592	35,465
Net income per share of common stock – basic	$ 0.27	$ 0.15
Diluted net income per share:
Net income	$ 9,478	$ 5,390
Weighted average number of common shares outstanding	35,592	35,465
Effect of dilutive securities:
Weighted average number of common shares outstanding – diluted	35,879	35,621
Net income per share of common stock – diluted	$ 0.26	$ 0.15
Stock Options [Member]
Effect of dilutive securities:
Effect of dilutive stock options and non-vested restricted stock		1
Non-vested restricted stock [Member]
Effect of dilutive securities:
Effect of dilutive stock options and non-vested restricted stock	287	155

Senior Secured Credit Facility

Senior Secured Credit Facility - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2018	Apr. 23, 2018	Dec. 22, 2017	Dec. 21, 2017
Maximum [Member]
Debt Instrument [Line Items]
Unused commitment fee margin percentage	0.375%
Maximum [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Margin rate lowered in applicable to Letter of Credit	2.00%
Maximum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Applicable margin Percentage	1.00%
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Applicable margin Percentage	2.00%
Minimum [Member]
Debt Instrument [Line Items]
Unused commitment fee margin percentage	0.25%
Minimum [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Margin rate lowered in applicable to Letter of Credit	1.50%
Minimum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Applicable margin Percentage	0.50%
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Applicable margin Percentage	1.50%
Wells Fargo Capital Finance, LLC [Member] | Credit Facility [Member]
Debt Instrument [Line Items]
Existing credit facility with its lenders	$ 750,000,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Existing credit facility with its lenders			$ 750,000,000	$ 602,500,000
Debt instrument maturity date description	Extends the maturity date of the credit facility from May 21, 2019 to December 22, 2022
Uncommitted incremental revolving capacity			250,000,000	$ 150,000,000
Outstanding letters of credit	$ 0
Available borrowings under our senior secured credit facility	$ 742,300,000
Revolving Credit Facility [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Outstanding letters of credit		$ 7,700,000
Available borrowings under our senior secured credit facility		$ 680,800,000
Letter of Credit Sub-Facility, and Guaranty [Member]
Debt Instrument [Line Items]
Existing credit facility with its lenders			$ 30,000,000

Senior Unsecured Notes - Additi

Senior Unsecured Notes - Additional Information (Detail) - USD ($)	Nov. 22, 2017	Sep. 25, 2017	Aug. 24, 2017	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Estimated offering expenses				$ 3,563,000	$ 3,772,000
Add-on Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 200,000,000
Senior unsecured notes, interest rate	5.625%
Senior unsecured notes, maturity year	2,025
Net proceeds from sale of notes	$ 209,200
Price percentage for Add-on Notes, Principal amount	104.25%
5.6250% 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 notes			$ 739,700,000
Redemption price percentage as equal to principal amount of old notes to be redeemed				101.00%
Principal payments due until maturity				$ 0
Maturity date of notes				Sep. 1, 2025
5.6250% 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]
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%

Senior Unsecured Notes - Reconc

Senior Unsecured Notes - Reconciliation of Senior Unsecured Notes to Condensed Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	8 Months Ended	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Aug. 24, 2017	Dec. 31, 2017
Debt Instrument [Line Items]
Senior unsecured notes, beginning balance	$ 944,088
Amortization of deferred financing costs	289	$ 262
Senior unsecured notes, ending balance	944,200		$ 944,088		$ 944,088
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Senior unsecured notes, beginning balance	944,088	$ 627,711		$ 627,711	627,711
Accretion of discount	385
Amortization of note premium	(266)
Amortization of deferred financing costs	81
Senior unsecured notes, ending balance	944,200		944,088		944,088
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 unamortized premium					(4,452)
Writeoff of deferred financing costs					1,185
Senior Unsecured Notes [Member] | 5.6250% Senior Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount paid					950,000
Writeoff of unaccreted discount					(14,684)
Writeoff of unamortized premium					$ 8,500
Accretion of discount			542
Amortization of note premium			(375)
Additional deferred transaction costs	$ (88)
Amortization of deferred financing costs			$ 105

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018CustomerSegment	Mar. 31, 2017Customer
Segment Reporting [Abstract]
Number of reportable segment | Segment	5
Sales to international customers	0.40%	0.70%
Customer accounted for more than 10% of revenue | Customer	0	0

Segment Information - Schedule

Segment Information - Schedule of Information about Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Segment Revenues:
Revenues	$ 260,482	$ 226,828
Segment Gross Profit:
Total gross profit	92,585	77,672
Segment identified assets:
Total assets	1,517,298		$ 1,467,717
Operating Segments [Member]
Segment Revenues:
Revenues	243,894	212,534
Segment Gross Profit:
Total gross profit	92,704	78,580
Segment identified assets:
Total assets	1,102,781		979,828
Operating Segments [Member] | Equipment Rentals [Member]
Segment Revenues:
Revenues	129,361	107,317
Segment Gross Profit:
Total gross profit	61,620	48,040
Segment identified assets:
Total assets	954,080		904,824
Operating Segments [Member] | New Equipment Sales [Member]
Segment Revenues:
Revenues	46,493	34,274
Segment Gross Profit:
Total gross profit	5,648	3,893
Operating Segments [Member] | Used Equipment Sales [Member]
Segment Revenues:
Revenues	24,853	28,863
Segment Gross Profit:
Total gross profit	7,916	9,002
Segment identified assets:
Total assets	129,995		58,125
Operating Segments [Member] | Parts Sales [Member]
Segment Revenues:
Revenues	28,151	27,000
Segment Gross Profit:
Total gross profit	7,534	7,564
Operating Segments [Member] | Services Revenues [Member]
Segment Revenues:
Revenues	15,036	15,080
Segment Gross Profit:
Total gross profit	9,986	10,081
Operating Segments [Member] | Parts and Services [Member]
Segment Revenues:
Revenues	15,036	15,080
Segment identified assets:
Total assets	18,706		16,879
Non-Segmented [Member]
Segment Revenues:
Revenues	16,588	14,294
Segment Gross Profit:
Total gross profit	(119)	$ (908)
Segment identified assets:
Total assets	$ 414,517		$ 487,889

Condensed Consolidating Finan49

Condensed Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Assets:
Cash	$ 38,084	$ 165,878	$ 5,040	$ 7,683
Receivables, net	160,432	176,081
Inventories, net	148,701	75,004
Prepaid expenses and other assets	11,733	9,172
Rental equipment, net	954,080	904,824
Property and equipment, net	103,121	101,789
Deferred financing costs, net	3,563	3,772
Intangible assets, net	21,195
Goodwill	76,389	31,197
Total assets	1,517,298	1,467,717
Liabilities and Stockholders’ Equity:
Accounts payable	136,188	89,781
Manufacturer flooring plans payable	28,112	22,002
Accrued expenses payable and other liabilities	56,929	65,095
Dividends payable	189	150
Senior unsecured notes	944,200	944,088
Capital leases payable	1,430	1,486
Deferred income taxes	130,580	126,419
Deferred compensation payable	1,925	1,903
Total liabilities	1,299,553	1,250,924
Stockholders’ equity	217,745	216,793
Total liabilities and stockholders’ equity	1,517,298	1,467,717
H & E Equipment Services [Member]
Assets:
Cash	38,084	165,878	$ 5,040	$ 7,683
Receivables, net	133,959	138,657
Inventories, net	129,609	63,828
Prepaid expenses and other assets	11,529	9,030
Rental equipment, net	813,882	760,972
Property and equipment, net	91,801	89,952
Deferred financing costs, net	3,563	3,772
Investment in guarantor subsidiaries	217,062	222,217
Intangible assets, net	21,195
Goodwill	46,863	1,671
Total assets	1,507,547	1,455,977
Liabilities and Stockholders’ Equity:
Accounts payable	125,604	78,811
Manufacturer flooring plans payable	27,443	20,300
Accrued expenses payable and other liabilities	59,813	67,466
Dividends payable	237	197
Senior unsecured notes	944,200	944,088
Deferred income taxes	130,580	126,419
Deferred compensation payable	1,925	1,903
Total liabilities	1,289,802	1,239,184
Stockholders’ equity	217,745	216,793
Total liabilities and stockholders’ equity	1,507,547	1,455,977
Guarantor Subsidiaries [Member]
Assets:
Receivables, net	26,473	37,424
Inventories, net	19,092	11,176
Prepaid expenses and other assets	204	142
Rental equipment, net	140,198	143,852
Property and equipment, net	11,320	11,837
Goodwill	29,526	29,526
Total assets	226,813	233,957
Liabilities and Stockholders’ Equity:
Accounts payable	10,584	10,970
Manufacturer flooring plans payable	669	1,702
Accrued expenses payable and other liabilities	(2,884)	(2,371)
Dividends payable	(48)	(47)
Capital leases payable	1,430	1,486
Total liabilities	9,751	11,740
Stockholders’ equity	217,062	222,217
Total liabilities and stockholders’ equity	226,813	233,957
Elimination [Member]
Assets:
Investment in guarantor subsidiaries	(217,062)	(222,217)
Total assets	(217,062)	(222,217)
Liabilities and Stockholders’ Equity:
Stockholders’ equity	(217,062)	(222,217)
Total liabilities and stockholders’ equity	$ (217,062)	$ (222,217)

Condensed Consolidating Finan50

Condensed Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Statement of Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Revenues	$ 260,482	$ 226,828
Cost of revenues:
Cost of revenues	167,897	149,156
Gross profit (loss):
Gross profit	92,585	77,672
Selling, general and administrative expenses	65,880	57,318
Merger costs	152
Gain on sales of property and equipment, net	(773)	(971)
Income from operations	27,326	21,325
Other income (expense):
Interest expense	(14,653)	(13,232)
Other, net	395	437
Total other expense, net	(14,258)	(12,795)
Income before provision for income taxes	13,068	8,530
Income tax expense	3,590	3,140
Net income	9,478	5,390
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	46,469	40,903
Rental Expense [Member]
Cost of revenues:
Cost of revenues	21,272	18,374
Operating Segments [Member]
Revenues:
Revenues	243,894	212,534
Gross profit (loss):
Gross profit	92,704	78,580
Other [Member]
Revenues:
Revenues	16,588	14,294
Cost of revenues:
Cost of revenues	16,707	15,202
Gross profit (loss):
Gross profit	(119)	(908)
Elimination [Member]
Gross profit (loss):
Equity in earnings of guarantor subsidiaries	(458)	(1,212)
Income from operations	(458)	(1,212)
Other income (expense):
Income before provision for income taxes	(458)	(1,212)
Net income	(458)	(1,212)
H & E Equipment Services [Member]
Revenues:
Revenues	222,032	188,688
Cost of revenues:
Cost of revenues	142,968	124,642
Gross profit (loss):
Gross profit	79,064	64,046
Selling, general and administrative expenses	55,009	46,886
Merger costs	152
Equity in earnings of guarantor subsidiaries	458	1,212
Gain on sales of property and equipment, net	(714)	(724)
Income from operations	25,075	19,096
Other income (expense):
Interest expense	(12,349)	(10,913)
Other, net	342	347
Total other expense, net	(12,007)	(10,566)
Income before provision for income taxes	13,068	8,530
Income tax expense	3,590	3,140
Net income	9,478	5,390
H & E Equipment Services [Member] | Other [Member]
Revenues:
Revenues	13,942	11,752
Cost of revenues:
Cost of revenues	13,916	12,253
Gross profit (loss):
Gross profit	26	(501)
Guarantor Subsidiaries [Member]
Revenues:
Revenues	38,450	38,140
Cost of revenues:
Cost of revenues	24,929	24,514
Gross profit (loss):
Gross profit	13,521	13,626
Selling, general and administrative expenses	10,871	10,432
Gain on sales of property and equipment, net	(59)	(247)
Income from operations	2,709	3,441
Other income (expense):
Interest expense	(2,304)	(2,319)
Other, net	53	90
Total other expense, net	(2,251)	(2,229)
Income before provision for income taxes	458	1,212
Net income	458	1,212
Guarantor Subsidiaries [Member] | Other [Member]
Revenues:
Revenues	2,646	2,542
Cost of revenues:
Cost of revenues	2,791	2,949
Gross profit (loss):
Gross profit	(145)	(407)
Equipment Rentals [Member] | Operating Segments [Member]
Revenues:
Revenues	129,361	107,317
Gross profit (loss):
Gross profit	61,620	48,040
Equipment Rentals [Member] | Operating Segments [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	46,469	40,903
Equipment Rentals [Member] | Operating Segments [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	21,272	18,374
Equipment Rentals [Member] | H & E Equipment Services [Member] | Operating Segments [Member]
Revenues:
Revenues	110,834	88,283
Gross profit (loss):
Gross profit	53,014	39,298
Equipment Rentals [Member] | H & E Equipment Services [Member] | Operating Segments [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	39,559	33,748
Equipment Rentals [Member] | H & E Equipment Services [Member] | Operating Segments [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	18,261	15,237
Equipment Rentals [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member]
Revenues:
Revenues	18,527	19,034
Gross profit (loss):
Gross profit	8,606	8,742
Equipment Rentals [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	6,910	7,155
Equipment Rentals [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	3,011	3,137
New Equipment Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	46,493	34,274
Cost of revenues:
Cost of revenues	40,845	30,381
Gross profit (loss):
Gross profit	5,648	3,893
New Equipment Sales [Member] | H & E Equipment Services [Member] | Operating Segments [Member]
Revenues:
Revenues	39,901	29,675
Cost of revenues:
Cost of revenues	35,083	26,370
Gross profit (loss):
Gross profit	4,818	3,305
New Equipment Sales [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member]
Revenues:
Revenues	6,592	4,599
Cost of revenues:
Cost of revenues	5,762	4,011
Gross profit (loss):
Gross profit	830	588
Used Equipment Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	24,853	28,863
Cost of revenues:
Cost of revenues	16,937	19,861
Gross profit (loss):
Gross profit	7,916	9,002
Used Equipment Sales [Member] | H & E Equipment Services [Member] | Operating Segments [Member]
Revenues:
Revenues	20,226	23,142
Cost of revenues:
Cost of revenues	13,832	16,098
Gross profit (loss):
Gross profit	6,394	7,044
Used Equipment Sales [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member]
Revenues:
Revenues	4,627	5,721
Cost of revenues:
Cost of revenues	3,105	3,763
Gross profit (loss):
Gross profit	1,522	1,958
Parts Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	28,151	27,000
Cost of revenues:
Cost of revenues	20,617	19,436
Gross profit (loss):
Gross profit	7,534	7,564
Parts Sales [Member] | H & E Equipment Services [Member] | Operating Segments [Member]
Revenues:
Revenues	24,347	23,141
Cost of revenues:
Cost of revenues	17,956	16,726
Gross profit (loss):
Gross profit	6,391	6,415
Parts Sales [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member]
Revenues:
Revenues	3,804	3,859
Cost of revenues:
Cost of revenues	2,661	2,710
Gross profit (loss):
Gross profit	1,143	1,149
Services Revenues [Member] | Operating Segments [Member]
Revenues:
Revenues	15,036	15,080
Cost of revenues:
Cost of revenues	5,050	4,999
Gross profit (loss):
Gross profit	9,986	10,081
Services Revenues [Member] | H & E Equipment Services [Member] | Operating Segments [Member]
Revenues:
Revenues	12,782	12,695
Cost of revenues:
Cost of revenues	4,361	4,210
Gross profit (loss):
Gross profit	8,421	8,485
Services Revenues [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member]
Revenues:
Revenues	2,254	2,385
Cost of revenues:
Cost of revenues	689	789
Gross profit (loss):
Gross profit	$ 1,565	$ 1,596

Condensed Consolidating Finan51

Condensed Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income	$ 9,478	$ 5,390
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment	5,884	6,095
Depreciation of rental equipment	46,469	40,903
Amortization of intangible assets	705
Amortization of deferred financing costs	289	262
Accretion of note discount, net of premium amortization	120	42
Provision for losses on accounts receivable	817	985
Provision for inventory obsolescence	67	21
Change in deferred income taxes	4,456	4,382
Stock-based compensation expense	1,319	1,181
Gain from sales of property and equipment, net	(773)	(971)
Gain from sales of rental equipment, net	(7,745)	(8,599)
Changes in operating assets and liabilities:
Receivables	22,414	(348)
Inventories	(88,674)	(44,802)
Prepaid expenses and other assets	(2,237)	(4,096)
Accounts payable	45,384	35,454
Manufacturer flooring plans payable	6,110	6,160
Accrued expenses payable and other liabilities	(15,799)	(11,469)
Deferred compensation payable	22	17
Net cash provided by operating activities	28,306	30,607
Cash flows from investing activities:
Acquisition of business, net of cash acquired	(125,207)
Purchases of property and equipment	(4,505)	(5,804)
Purchases of rental equipment	(40,654)	(33,979)
Proceeds from sales of property and equipment	785	1,848
Proceeds from sales of rental equipment	23,430	24,803
Net cash used in investing activities	(146,151)	(13,132)
Cash flows from financing activities:
Borrowings on senior secured credit facility	294,229	228,254
Payments on senior secured credit facility	(294,229)	(238,536)
Dividends paid	(9,804)	(9,783)
Payments of deferred financing costs	(88)
Payments on capital lease obligations	(57)	(53)
Net cash used in financing activities	(9,949)	(20,118)
Net decrease in cash	(127,794)	(2,643)
Cash, beginning of period	165,878	7,683
Cash, end of period	38,084	5,040
H & E Equipment Services [Member]
Cash flows from operating activities:
Net income	9,478	5,390
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment	5,163	5,301
Depreciation of rental equipment	39,559	33,748
Amortization of intangible assets	705
Amortization of deferred financing costs	289	262
Accretion of note discount, net of premium amortization	120	42
Provision for losses on accounts receivable	593	726
Provision for inventory obsolescence	67	21
Change in deferred income taxes	4,456	4,382
Stock-based compensation expense	1,319	1,181
Gain from sales of property and equipment, net	(714)	(724)
Gain from sales of rental equipment, net	(6,228)	(6,670)
Equity in earnings of guarantor subsidiaries	(458)	(1,212)
Changes in operating assets and liabilities:
Receivables	11,687	(1,064)
Inventories	(78,456)	(38,215)
Prepaid expenses and other assets	(2,175)	(4,039)
Accounts payable	45,770	33,160
Manufacturer flooring plans payable	7,143	6,034
Accrued expenses payable and other liabilities	(15,286)	(11,879)
Deferred compensation payable	22	17
Net cash provided by operating activities	23,054	26,461
Cash flows from investing activities:
Acquisition of business, net of cash acquired	(125,207)
Purchases of property and equipment	(4,301)	(5,474)
Purchases of rental equipment	(36,688)	(25,444)
Proceeds from sales of property and equipment	726	1,590
Proceeds from sales of rental equipment	18,901	19,251
Investment in subsidiaries	5,613	1,036
Net cash used in investing activities	(140,956)	(9,041)
Cash flows from financing activities:
Borrowings on senior secured credit facility	294,229	228,254
Payments on senior secured credit facility	(294,229)	(238,536)
Dividends paid	(9,804)	(9,781)
Payments of deferred financing costs	(88)
Net cash used in financing activities	(9,892)	(20,063)
Net decrease in cash	(127,794)	(2,643)
Cash, beginning of period	165,878	7,683
Cash, end of period	38,084	5,040
Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net income	458	1,212
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment	721	794
Depreciation of rental equipment	6,910	7,155
Provision for losses on accounts receivable	224	259
Gain from sales of property and equipment, net	(59)	(247)
Gain from sales of rental equipment, net	(1,517)	(1,929)
Changes in operating assets and liabilities:
Receivables	10,727	716
Inventories	(10,218)	(6,587)
Prepaid expenses and other assets	(62)	(57)
Accounts payable	(386)	2,294
Manufacturer flooring plans payable	(1,033)	126
Accrued expenses payable and other liabilities	(513)	410
Net cash provided by operating activities	5,252	4,146
Cash flows from investing activities:
Purchases of property and equipment	(204)	(330)
Purchases of rental equipment	(3,966)	(8,535)
Proceeds from sales of property and equipment	59	258
Proceeds from sales of rental equipment	4,529	5,552
Net cash used in investing activities	418	(3,055)
Cash flows from financing activities:
Dividends paid		(2)
Payments on capital lease obligations	(57)	(53)
Capital contributions	(5,613)	(1,036)
Net cash used in financing activities	(5,670)	(1,091)
Elimination [Member]
Cash flows from operating activities:
Net income	(458)	(1,212)
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of guarantor subsidiaries	458	1,212
Cash flows from investing activities:
Investment in subsidiaries	(5,613)	(1,036)
Net cash used in investing activities	(5,613)	(1,036)
Cash flows from financing activities:
Capital contributions	5,613	1,036
Net cash used in financing activities	$ 5,613	$ 1,036