H&E Equipment Services (HEES) 10-Q 25 Oct 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Oct. 18, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Trading Symbol	HEES
Entity Registrant Name	H&E Equipment Services, Inc.
Entity Central Index Key	1,339,605
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		35,734,421

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
ASSETS
Cash	$ 5,088	$ 165,878
Receivables, net of allowance for doubtful accounts of $3,692 and $3,774, respectively	191,305	176,081
Inventories, net of reserves for obsolescence of $377 and $947, respectively	113,252	75,004
Prepaid expenses and other assets	9,368	9,172
Rental equipment, net of accumulated depreciation of $562,647 and $495,940, respectively	1,153,244	904,824
Property and equipment, net of accumulated depreciation and amortization of $142,316 and $131,500, respectively	113,403	101,789
Deferred financing costs, net of accumulated amortization of $13,530 and $12,946, respectively	3,188	3,772
Intangible assets, net	29,285
Goodwill	105,843	31,197
Total assets	1,723,976	1,467,717
Liabilities:
Amounts due on senior secured credit facility	219,018
Accounts payable	84,765	89,781
Manufacturer flooring plans payable	26,472	22,002
Accrued expenses payable and other liabilities	61,591	65,095
Dividends payable	104	150
Senior unsecured notes, net of unaccreted discount of $3,287 and $3,644 and deferred financing costs of $2,129 and $2,267, respectively	944,584	944,088
Capital leases payable	778	1,486
Deferred income taxes	144,288	126,419
Deferred compensation payable	1,968	1,903
Total liabilities	1,483,568	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; 39,749,549 and 39,623,773 shares issued at September 30, 2018 and December 31, 2017, respectively, and 35,735,432 and 35,646,585 shares outstanding at September 30, 2018 and December 31, 2017, respectively	396	395
Additional paid-in capital	229,958	227,070
Treasury stock at cost, 4,014,117 and 3,977,188 shares of common stock held at September 30, 2018 and December 31, 2017, respectively	(63,072)	(61,749)
Retained earnings	73,126	51,077
Total stockholders’ equity	240,408	216,793
Total liabilities and stockholders’ equity	$ 1,723,976	$ 1,467,717

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivables	$ 3,692	$ 3,774
Reserves for obsolescence inventories	377	947
Accumulated depreciation, rental equipment	562,647	495,940
Accumulated depreciation and amortization, property and equipment	142,316	131,500
Accumulated amortization, deferred financing costs	13,530	12,946
Unaccreted discount, net	3,287	3,644
Deferred financing costs	$ 2,129	$ 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	39,749,549	39,623,773
Common stock, shares outstanding	35,735,432	35,646,585
Treasury stock, shares	4,014,117	3,977,188

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues:
Revenues	$ 322,141	$ 259,162	$ 892,987	$ 735,353
Cost of revenues:
Cost of revenues	207,411	165,136	577,569	476,315
Gross profit	114,730	94,026	315,418	259,038
Selling, general and administrative expenses	70,346	55,203	205,272	172,328
Merger costs (net of merger breakup fee proceeds)	219	(6,506)	439	(6,506)
Gain on sales of property and equipment, net	1,153	2,325	6,040	4,431
Income from operations	45,318	47,654	115,747	97,647
Other income (expense):
Interest expense	(16,715)	(15,060)	(47,061)	(41,665)
Loss on early extinguishment of debt		(25,363)		(25,363)
Other, net	368	346	1,222	1,156
Total other expense, net	(16,347)	(40,077)	(45,839)	(65,872)
Income before provision (benefit) for income taxes	28,971	7,577	69,908	31,775
Provision (benefit) for income taxes	7,657	(885)	18,345	8,045
Net income	$ 21,314	$ 8,462	$ 51,563	$ 23,730
Net income per common share:
Basic	$ 0.60	$ 0.24	$ 1.45	$ 0.67
Diluted	$ 0.59	$ 0.24	$ 1.44	$ 0.67
Weighted average common shares outstanding:
Basic	35,719	35,543	35,649	35,494
Diluted	35,926	35,715	35,904	35,656
Dividends declared per common share outstanding	$ 0.275	$ 0.275	$ 0.825	$ 0.825
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	$ 55,060	$ 43,255	$ 152,700	$ 125,996
Rental Expense [Member]
Cost of revenues:
Cost of revenues	22,936	19,988	66,281	58,524
Operating Segments [Member]
Revenues:
Revenues	302,474	242,437	837,945	688,785
Cost of revenues:
Gross profit	114,815	93,325	315,171	259,213
Operating Segments [Member] | Equipment Rentals [Member]
Revenues:
Revenues	156,037	125,616	429,227	351,303
Cost of revenues:
Gross profit	78,041	62,373	210,246	166,783
Operating Segments [Member] | Equipment Rentals [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	55,060	43,255	152,700	125,996
Operating Segments [Member] | Equipment Rentals [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	22,936	19,988	66,281	58,524
Operating Segments [Member] | New Equipment Sales [Member]
Revenues:
Revenues	68,233	48,940	183,265	128,883
Cost of revenues:
Cost of revenues	60,394	43,609	162,465	114,440
Gross profit	7,839	5,331	20,800	14,443
Operating Segments [Member] | Used Equipment Sales [Member]
Revenues:
Revenues	30,294	22,250	87,287	75,219
Cost of revenues:
Cost of revenues	20,512	15,116	59,221	51,979
Gross profit	9,782	7,134	28,066	23,240
Operating Segments [Member] | Parts Sales [Member]
Revenues:
Revenues	31,484	29,534	89,916	86,259
Cost of revenues:
Cost of revenues	23,129	21,577	65,677	62,735
Gross profit	8,355	7,957	24,239	23,524
Operating Segments [Member] | Services Revenues [Member]
Revenues:
Revenues	16,426	16,097	48,250	47,121
Cost of revenues:
Cost of revenues	5,628	5,567	16,430	15,898
Gross profit	10,798	10,530	31,820	31,223
Other [Member]
Revenues:
Revenues	19,667	16,725	55,042	46,568
Cost of revenues:
Cost of revenues	19,752	16,024	54,795	46,743
Gross profit	$ (85)	$ 701	$ 247	$ (175)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net income	$ 51,563	$ 23,730
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	18,367	18,092
Depreciation of rental equipment	152,700	125,996
Amortization of intangible assets	2,415
Amortization of deferred financing costs	819	785
Accretion of note discount, net of premium amortization	357	239
Provision for losses on accounts receivable	2,056	3,048
Provision for inventory obsolescence	74	151
Change in deferred income taxes	17,869	7,752
Stock-based compensation expense	2,998	2,614
Loss on early extinguishment of debt		25,363
Gain from sales of property and equipment, net	(6,040)	(4,431)
Gain from sales of rental equipment, net	(27,641)	(22,196)
Changes in operating assets and liabilities, net of acquisitions:
Receivables	(6,825)	(15,811)
Inventories	(56,355)	(38,930)
Prepaid expenses and other assets	175	(1,606)
Accounts payable	(10,081)	42,122
Manufacturer flooring plans payable	4,470	(7,494)
Accrued expenses payable and other liabilities	(8,961)	(3,075)
Deferred compensation payable	65	44
Net cash provided by operating activities	138,025	156,393
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired	(196,027)
Purchases of property and equipment	(27,038)	(16,002)
Purchases of rental equipment	(350,646)	(183,754)
Proceeds from sales of property and equipment	7,958	6,765
Proceeds from sales of rental equipment	78,947	66,316
Net cash used in investing activities	(486,806)	(126,675)
Cash flows from financing activities:
Purchases of treasury stock	(1,323)	(753)
Borrowings on senior secured credit facility	1,142,811	732,840
Payments on senior secured credit facility	(923,793)	(818,285)
Dividends paid	(29,447)	(29,369)
Principal payments on senior unsecured notes due 2022		(630,000)
Costs paid to tender and redeem senior unsecured notes due 2022		(23,336)
Proceeds from issuance of senior unsecured notes due 2025		750,000
Payments of deferred financing costs	(97)	(12,152)
Payments of capital lease obligations	(160)	(162)
Net cash provided by (used in) financing activities	187,991	(31,217)
Net decrease in cash	(160,790)	(1,499)
Cash, beginning of period	165,878	7,683
Cash, end of period	5,088	6,184
Supplemental schedule of noncash investing and financing activities:
Accrued acquisition purchase price consideration	3,432
Noncash asset purchases:
Assets transferred from new and used inventory to rental fleet	23,860	9,621
Purchases of property and equipment included in accrued expenses payable and other liabilities	(226)	(127)
Cash paid during the period for:
Interest	59,475	50,931
Income taxes paid, net of refunds received	$ 1,949	$ 453

Organization and Nature of Oper

Organization and Nature of Operations	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 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	9 Months Ended
	Sep. 30, 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 and nine month periods ended September 30, 2018, there were no significant changes to those accounting policies, other than those policies impacted by the new revenue recognition guidance, which is further described below in “Recent Accounting Pronouncements Adopted in Fiscal 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 . We will adopt ASU 2016-02 as of January 1, 2019. Originally, Topic 842 required all entities to use a modified retrospective transition approach that is intended to maximize comparability and be less complex than a full retrospective approach. Under the modified retrospective approach, Topic 842 is effectively implemented as of the beginning of the earliest comparative period presented in an entity’s financial statements. ASU 2018-11 amends Topic 842 so that entities may elect not to recast their comparative periods in transition and allows entities to change their date of initial application to the beginning of the period of adoption. In doing so, the entity would (1) apply Topic 840 in the comparative periods; (2) provide the disclosures required by Topic 840 for all periods that continue to be presented in accordance with Topic 840; and (3) recognize the effects of applying Topic 842 as a cumulative-effect adjustment to retained earnings as of January 1, 2019. ASU 2018-11 also amends certain narrow-scope aspects of Topic 842. Our operating leases under current guidance (Topic 840) include the real estate where all but 12 of our 89 branch locations are located as of September 30, 2018. Additionally, the Company leases various 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 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 and financial reporting activities. We are also in the process of implementing a new software tool to help facilitate compliance with the new guidance. 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 pending lessor accounting guidance of Topic 842. Topic 842, as originally issued, required lessors to separate lease and nonlease components in all circumstances. Under this requirement, once separate components are identified, lessors are required to use the relative stand-alone selling price allocation method in Topic 606 to allocate the consideration in the contract to the separated components. ASU 2018-11 also amends Topic 842 to include a practical expedient under which lessors are not required to separate lease and nonlease components. While our evaluation of Topic 842 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 upon adoption of Topic 842. 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 In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other – Internal-Use Software Recent Accounting Pronouncements Adopted in Fiscal 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 net income for the periods presented in this quarterly report on Form 10-Q, approximately $1.8 million and $5.2 million of revenues that were previously classified in Other Revenues have been reclassified to Parts Revenues for the three and nine month periods ended September 30, 2018, respectively. 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 $1.5 million and $4.0 million of associated freight costs related to these parts transactions from Other Cost of Revenues to Parts Costs of Revenues for the three and nine months ended September 30, 2018, respectively. We have recast our results for the prior year three and nine month periods ended September 30, 2017 as shown in the tables below (amounts in thousands). Three Months Ended September 30, 2017 Statement of Income: As Previously Reported Adjustments Current Presentation Revenues: Equipment rentals $ 125,616 $ ─ $ 125,616 New equipment sales 48,940 ─ 48,940 Used equipment sales 22,250 ─ 22,250 Parts sales 27,763 1,771 29,534 Services revenues 16,097 ─ 16,097 Other 18,496 (1,771) 16,725 Total revenues 259,162 ─ 259,162 Cost of revenues: Rental depreciation 43,255 ─ 43,255 Rental expense 19,988 ─ 19,988 New equipment sales 43,609 ─ 43,609 Used equipment sales 15,116 ─ 15,116 Parts sales 20,125 1,452 21,577 Services revenues 5,567 ─ 5,567 Other 17,476 (1,452) 16,024 Total cost of revenues 165,136 ─ 165,136 Gross profit $ 94,026 $ ─ $ 94,026 Nine Months Ended September 30, 2017 Statement of Income: As Previously Reported Adjustments Current Presentation Revenues: Equipment rentals $ 351,303 $ ─ $ 351,303 New equipment sales 128,883 ─ 128,883 Used equipment sales 75,219 ─ 75,219 Parts sales 81,063 5,196 86,259 Services revenues 47,121 ─ 47,121 Other 51,764 (5,196) 46,568 Total revenues 735,353 ─ 735,353 Cost of revenues: Rental depreciation 125,996 ─ 125,996 Rental expense 58,524 ─ 58,524 New equipment sales 114,440 ─ 114,440 Used equipment sales 51,979 ─ 51,979 Parts sales 58,696 4,039 62,735 Services revenues 15,898 ─ 15,898 Other 50,782 (4,039) 46,743 Total cost of revenues 476,315 ─ 476,315 Gross profit $ 259,038 $ ─ $ 259,038 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 tables below summarize for the three and nine months ended September 30, 2018 our revenue by type and by the applicable accounting standard (amounts in thousands). Three Months Ended September 30, 2018 2017 Topic 840 Topic 606 Total Topic 840 Topic 605 Total Rental revenues $ 155,840 $ 197 $ 156,037 $ 125,071 $ 545 $ 125,616 New equipment sales ─ 68,233 68,233 ─ 48,940 48,940 Used equipment sales ─ 30,294 30,294 ─ 22,250 22,250 Parts sales ─ 31,484 31,484 ─ 27,763 27,763 Service revenues ─ 16,426 16,426 ─ 16,097 16,097 Other 5,623 14,044 19,667 4,800 13,696 18,496 Total revenues $ 161,463 $160,678 $ 322,141 $ 129,871 $ 129,291 $ 259,162 Nine Months Ended September 30, 2018 2017 Topic 840 Topic 606 Total Topic 840 Topic 605 Total Rental revenues $ 428,115 $ 1,112 $ 429,227 $ 349,704 $ 1,599 $ 351,303 New equipment sales ─ 183,265 183,265 ─ 128,883 128,883 Used equipment sales ─ 87,287 87,287 ─ 75,219 75,219 Parts sales ─ 89,916 89,916 ─ 81,063 81,063 Service revenues ─ 48,250 48,250 ─ 47,121 47,121 Other 15,565 39,477 55,042 12,951 38,813 51,764 Total revenues $ 443,680 $ 449,307 $ 892,987 $ 362,655 $ 372,698 $ 735,353 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 rental 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, if any, can be measured. Income from damage waiver insurance policies is 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 revenues for 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 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 our customer base is comprised of a large number of geographically diverse customers. Our largest customer accounted for less than one percent of total revenues for the three and nine months ended September 30, 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 nine month periods ended September 30, 2018 and 2017 were approximately 0.3% and 0.4%, 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 and nine months ended September 30, 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 and nine months ended September 30, 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 September 30, 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	9 Months Ended
	Sep. 30, 2018
Business Combinations [Abstract]
Acquisitions	(3) Acquisitions Contractors Equipment Center (“CEC”) On January 1, 2018, we completed the acquisition of 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 significantly expands our presence in the Denver area and surrounding markets. The aggregate consideration paid to the pre-acquisition 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. We do not expect any further 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) 21,500 Total identifiable assets acquired 89,197 Accounts payable (1,023) Accrued expenses payable and other liabilities (876) Total liabilities assumed (1,899) Net identifiable assets acquired 87,298 Goodwill (3) 45,092 Net assets acquired $ 132,390 (1) The fair value of accounts receivable 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 300 1 Leasehold interests 200 10 $ 21,500 (3) We have allocated the $45.1 million goodwill among our six goodwill reporting units as follows (amounts in thousands): Rental Component 1 $25,233 Rental Component 2 18,391 New Equipment 217 Used Equipment 632 Parts 379 Service 240 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 was incurred in the nine month period ended September 30, 2018. Total revenues attributable to CEC since the acquisition were $8.9 million and $30.3 million for the three and nine month periods ended September 30 2018, respectively. Estimated net income attributable to CEC since the acquisition was $1.2 million, or $0.03 per share, for the three month period ended September 30, 2018 and $3.9 million, or $0.11 per share, for the nine month period ended September 30, 2018. It should be noted that since our acquisition of CEC, significant amounts of equipment rental fleet have been moved between H&E locations and the acquired CEC locations, the impact of which is included in these CEC operating results above, as it is impractical to report CEC operating results on a pure stand-alone basis post-acquisition. Rental, LLC (dba “Rental Inc.”) On April 1, 2018, 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. Rental Inc. had approximately 65 employees and approximately $35 million of rental assets at original equipment costs as of March 31, 2018, immediately prior to the acquisition. The acquisition expands our presence in the surrounding market. The aggregate consideration paid to the owners of Rental Inc. was approximately $68.6 million. The acquisition and related fees and expenses were funded through available cash and from borrowings under our Credit Facility (as defined below). The following table summarizes the estimated fair value 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 $ 260 Accounts receivable, net of allowance for doubtful accounts (1) 2,873 Inventory 5,324 Prepaid expenses and other assets 47 Rental equipment 22,578 Property and equipment 1,935 Intangible assets (2) 10,200 Total identifiable assets acquired 43,217 Accounts payable (439) Manufacturer flooring plans payable (3,293) Accrued expenses payable and other liabilities (469) Total liabilities assumed (4,201) Net identifiable assets acquired 39,016 Goodwill (3) 29,554 Net assets acquired $ 68,570 (1) The fair value of accounts receivables acquired was approximately $2.9 million and the gross contractual amount was $3.1 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 $ 10,000 10 Tradenames 200 1 $ 10,200 (3) We have allocated the $29.6 million goodwill among our six goodwill reporting units as follows (amounts in thousands): Rental Component 1 $9,064 Rental Component 2 5,445 New Equipment 10,217 Used Equipment 1,692 Parts 2,171 Service 964 The level of goodwill that resulted from the Rental Inc. acquisition is primarily reflective of Rental Inc.’s going-concern value, the value of Rental Inc.’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 Rental Inc. acquisition costs were $0.2 million, substantially all of which was incurred in the nine month period ended September 30, 2018. Total revenues attributable to Rental Inc. since the April 1, 2018 acquisition were $7.0 million and $14.7 million for the three and nine month periods ended September 30 2018, respectively. Estimated net loss attributable to Rental Inc. since the acquisition was $0.8 million, or $0.02 per share, for the three month period ended September 30, 2018 and $0.9 million, or $0.02 per share, for the nine month period ended September 30, 2018. It should be noted that since our acquisition of Rental Inc., significant amounts of rental fleet have been moved between H&E locations and the acquired Rental Inc. locations, the impact of which is included in these Rental Inc. operating results above, as it is impractical to report Rental Inc. operating results on a pure stand-alone basis post-acquisition. Pro forma financial information We completed the CEC acquisition on January 1, 2018. Therefore, the operating results of CEC are included in our reported condensed consolidated statements of income for the full three and nine month periods ended September 30, 2018. We completed the Rental Inc. acquisition on April 1, 2018. Therefore, our reported condensed consolidated statements of income for the nine month period ended September 30, 2018 do not include Rental Inc. for the period January 1, 2018 through March 31, 2018. The pro forma information below gives effect to the CEC and Rental Inc. acquisitions 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 acquisitions 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 acquisitions, 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 tables below present unaudited pro forma consolidated statements of income information for the three and nine month periods ended September 30, 2017 and the nine month period ended September 30, 2018 as if CEC and Rental Inc. were included in our consolidated results for the entire periods presented. (amounts in thousands, except per share data) Three Month Period Ended September 30, 2017 H&E CEC Rental Inc. Total Total revenues $259,162 $9,186 $9,247 $277,595 Pretax income 7,577 2,133 2,153 11,863 Pro forma adjustments to pretax income: Impact of fair value mark-ups/useful life changes on depreciation (1) — (823) (713) (1,536) Intangible asset amortization (2) — (605) (300) (905) Interest expense (3) — — (451) (451) Elimination of historic interest expense (4) — 425 90 515 Pro forma pretax income 7,577 1,130 779 9,486 Income tax benefit (885) (127) (87) (1,099) Net income $ 8,462 $1,257 $ 866 $10,585 Net income per share – basic $ 0.24 $ 0.04 $0.02 $ 0.30 Net income per share - diluted $ 0.24 $ 0.04 $0.02 $ 0.30 (amounts in thousands, except per share data) Nine Month Period Ended September 30, 2017 H&E CEC Rental Inc. Total Total revenues $735,353 $25,715 $26,472 $787,540 Pretax income 31,775 5,022 6,311 43,108 Pro forma adjustments to pretax income: Impact of fair value mark-ups/useful life changes on depreciation (1) — (2,535) (2,094) (4,629) Intangible asset amortization (2) — (1,815) (600) (2,415) Interest expense (3) — — (1,226) (1,226) Elimination of historic interest expense (4) — 1,225 292 1,517 Pro forma pretax income 31,775 1,897 2,683 36,355 Income tax expense 8,045 484 684 9,213 Net income $ 23,730 $1,413 $1,999 $27,142 Net income per share – basic $ 0.67 $0.04 $0.06 $ 0.76 Net income per share - diluted $ 0.67 $0.04 $0.06 $ 0.76 (amounts in thousands, except per share data) Nine Month Period Ended September 30, 2018 H&E(5) Rental Inc.(6) Total Total revenues $ 892,987 $7,408 $900,395 Pretax income 69,908 1,020 70,928 Pro forma adjustments to pretax income: Impact of fair value mark-ups/useful life changes on depreciation (1) ─ (749) (749) Intangible asset amortization (2) ─ (250) (250) Interest expense (3) ─ (480) (480) Elimination of historic interest expense (4) ─ 82 82 Pro forma pretax income (loss) 69,908 (377) 69,531 Income tax expense (benefit) 18,345 (100) 18,245 Net income (loss) $ 51,563 $ (277) $ 51,286 Net income (loss) per share – basic $ 1.45 $(0.01) $ 1.44 Net income (loss) per share - diluted $ 1.44 $(0.01) $ 1.43 (1) 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 acquisitions. (2) Represents the amortization of the intangible assets acquired in the acquisitions. (3) A portion of the consideration paid for Rental Inc. was funded with borrowings from our Credit Facility. Interest expense was adjusted to reflect the additional debt resulting from such acquisition. (4) Represents historic debt of CEC and Rental Inc. that is not part of the combined entity was eliminated. (5) H&E represents consolidated operating results as presented in this Quarterly Report on Form 10-Q for the nine month period ended September 30, 2018 and includes actual results for CEC for the nine months ended September 30, 2018 and actual results for Rental Inc. for the April 1, 2018 through September 30, 2018. (6) Represents Rental Inc. pro forma operating results for the three month period ended March 31, 2018. We completed the Rental Inc. acquisition on April 1, 2018.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 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 September 30, 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. September 30, 2018 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 4.50% (Level 3) $ 26,472 $ 22,544 Senior unsecured notes with interest computed at 5.625% (Level 1) 950,000 947,625 Capital leases payable with interest computed at 5.929% (Level 3) 778 651 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 September 30, 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 and nine month periods ended September 30, 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	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Stockholders' Equity	(5) Stockholders’ Equity The following table summarizes the activity in Stockholders’ Equity for the nine month period ended September 30, 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 — — 2,998 — — 2,998 Cash dividends declared on common stock ($0.825 per share) — — — — (29,514 ) (29,514 ) Issuance of common stock, net of forfeitures 125,776 1 (110 ) — — (109 ) Repurchase of 36,929 shares of restricted common stock — — — (1,323 ) — (1,323 ) Net income — — — — 51,563 51,563 Balances at September 30, 2018 39,749,549 396 229,958 (63,072 ) 73,126 240,408

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2018: Number of Shares Weighted Average Grant Date Fair Non-vested stock at December 31, 2017 445,964 $ 19.70 Granted 143,121 $ 37.10 Vested (178,212 ) $ 20.53 Forfeited (27,345 ) $ 19.39 Non-vested stock at September 30, 2018 383,528 $ 25.83 As of September 30, 2018, we had unrecognized compensation expense of approximately $6.6 million related to non-vested stock that we expect to be recognized over a weighted-average period of approximately 2.2 years. The following table summarizes compensation expense related to non-vested stock, which is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of income for the three and nine months ended September 30, 2018 and 2017 (amounts in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2018 2017 2018 2017 Compensation expense $ 917 $ 720 $ 2,998 $ 2,614

Income per Share

Income per Share	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Income per Share	(7) Income per Share Income per common share for the three and nine months ended September 30, 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 0.7% of total outstanding shares for each of the three months ended September 30, 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 and nine months ended September 30, 2018 and 2017 (amounts in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Basic net income per share: Net income $ 21,314 $ 8,462 $ 51,563 $ 23,730 Weighted average number of common shares outstanding 35,719 35,543 35,649 35,494 Net income per share of common stock – basic $ 0.60 $ 0.24 $ 1.45 $ 0.67 Diluted net income per share: Net income $ 21,314 $ 8,462 $ 51,563 $ 23,730 Weighted average number of common shares outstanding 35,719 35,543 35,649 35,494 Effect of dilutive securities: Effect of dilutive non-vested restricted stock 207 172 255 162 Weighted average number of common shares outstanding – diluted 35,926 35,715 35,904 35,656 Net income per share of common stock – diluted $ 0.59 $ 0.24 $ 1.44 $ 0.67 Common shares excluded from the denominator as anti-dilutive: Non-vested restricted stock 21 — 7 —

Senior Secured Credit Facility

Senior Secured Credit Facility	9 Months Ended
	Sep. 30, 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 administrative agent, and the lenders named therein (the “Credit Facility”). 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 September 30, 2018, we were in compliance with our financial covenants under the Amended and Restated Credit Agreement. At September 30, 2018, we had $219.0 million of borrowings outstanding under the Credit Facility and could borrow up to $523.3 million and remain in compliance with the debt covenants under the Credit Facility. At October 18, 2018, we had $532.4 million of available borrowings under our Credit Facility, net of a $7.7 million outstanding letter of credit.

Senior Unsecured Notes

Senior Unsecured Notes	9 Months Ended
	Sep. 30, 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 September 30, 2018, 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 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 August 24, 2017 through December 31, 2017 105 Balance at December 31, 2017 $ 944,088 Accretion of discount through September 30, 2018 1,154 Amortization of note premium through September 30, 2018 (797 ) Additional deferred financing costs on New Notes (97 ) Amortization of deferred financing costs through September 30, 2018 236 Balance at September 30, 2018 $ 944,584

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Segment Revenues: Equipment rentals $ 156,037 $ 125,616 $ 429,227 $ 351,303 New equipment sales 68,233 48,940 183,265 128,883 Used equipment sales 30,294 22,250 87,287 75,219 Parts sales 31,484 29,534 89,916 86,259 Services revenues 16,426 16,097 48,250 47,121 Total segmented revenues 302,474 242,437 837,945 688,785 Non-segmented revenues 19,667 16,725 55,042 46,568 Total revenues $ 322,141 $ 259,162 $ 892,987 $ 735,353 Segment Gross Profit: Equipment rentals $ 78,041 $ 62,373 $ 210,246 $ 166,783 New equipment sales 7,839 5,331 20,800 14,443 Used equipment sales 9,782 7,134 28,066 23,240 Parts sales 8,355 7,957 24,239 23,524 Services revenues 10,798 10,530 31,820 31,223 Total segmented gross profit 114,815 93,325 315,171 259,213 Non-segmented gross profit (loss) (85 ) 701 247 (175 ) Total gross profit $ 114,730 $ 94,026 $ 315,418 $ 259,038 Balances at September 30, December 31, 2018 2017 Segment identified assets: Equipment sales $ 93,860 $ 58,125 Equipment rentals 1,153,244 904,824 Parts and services 19,392 16,879 Total segment identified assets 1,266,496 979,828 Non-segment identified assets 457,480 487,889 Total assets $ 1,723,976 $ 1,467,717 The Company operates primarily in the United States and our sales to international customers for the three month periods ended September 30, 2018 and 2017 were 0.1% and 0.1%, respectively, of total revenues. Our sales to international customers for the nine month periods ended September 30, 2018 and 2017 were 0.2% and 0.3%, respectively. No one customer accounted for more than 10% of our revenues on an overall or segment basis for any of the periods presented.

Condensed Consolidating Financi

Condensed Consolidating Financial Information of Guarantor Subsidiaries	9 Months Ended
	Sep. 30, 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 September 30, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 5,088 $ — $ — $ 5,088 Receivables, net 152,395 38,910 — 191,305 Inventories, net 97,099 16,153 — 113,252 Prepaid expenses and other assets 9,228 140 — 9,368 Rental equipment, net 989,228 164,016 — 1,153,244 Property and equipment, net 96,063 17,340 — 113,403 Deferred financing costs, net 3,188 — — 3,188 Investment in guarantor subsidiaries 259,298 — (259,298 ) — Intangible assets, net 29,285 — — 29,285 Goodwill 76,317 29,526 — 105,843 Total assets $ 1,717,189 $ 266,085 $ (259,298 ) $ 1,723,976 Liabilities and Stockholders’ Equity: Amounts due on senior secured credit facility $ 219,018 $ — $ — $ 219,018 Accounts payable 77,385 7,380 — 84,765 Manufacturer flooring plans payable 25,833 639 — 26,472 Accrued expenses payable and other liabilities 63,550 (1,959 ) — 61,591 Dividends payable 155 (51 ) — 104 Senior unsecured notes 944,584 — — 944,584 Capital leases payable — 778 — 778 Deferred income taxes 144,288 — — 144,288 Deferred compensation payable 1,968 — — 1,968 Total liabilities 1,476,781 6,787 — 1,483,568 Stockholders’ equity 240,408 259,298 (259,298 ) 240,408 Total liabilities and stockholders’ equity $ 1,717,189 $ 266,085 $ (259,298 ) $ 1,723,976 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 September 30, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 133,023 $ 23,014 $ — $ 156,037 New equipment sales 48,861 19,372 — 68,233 Used equipment sales 23,868 6,426 — 30,294 Parts sales 27,054 4,430 — 31,484 Services revenues 14,048 2,378 — 16,426 Other 16,494 3,173 — 19,667 Total revenues 263,348 58,793 — 322,141 Cost of revenues: Rental depreciation 47,142 7,918 — 55,060 Rental expense 19,527 3,409 — 22,936 New equipment sales 43,187 17,207 — 60,394 Used equipment sales 15,692 4,820 — 20,512 Parts sales 20,029 3,100 — 23,129 Services revenues 4,883 745 — 5,628 Other 16,570 3,182 — 19,752 Total cost of revenues 167,030 40,381 — 207,411 Gross profit (loss): Equipment rentals 66,354 11,687 — 78,041 New equipment sales 5,674 2,165 — 7,839 Used equipment sales 8,176 1,606 — 9,782 Parts sales 7,025 1,330 — 8,355 Services revenues 9,165 1,633 — 10,798 Other (76 ) (9 ) — (85 ) Gross profit 96,318 18,412 — 114,730 Selling, general and administrative expenses 58,938 11,408 — 70,346 Merger costs (net of merger breakup fee proceeds) 219 — — 219 Equity in earnings of guarantor subsidiaries 4,535 — (4,535 ) — Gain on sales of property and equipment, net 1,017 136 — 1,153 Income from operations 42,713 7,140 (4,535 ) 45,318 Other income (expense): Interest expense (14,073 ) (2,642 ) — (16,715 ) Other, net 331 37 — 368 Total other expense, net (13,742 ) (2,605 ) — (16,347 ) Income before income taxes 28,971 4,535 (4,535 ) 28,971 Income tax expense 7,657 — — 7,657 Net income $ 21,314 $ 4,535 $ (4,535 ) $ 21,314 CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 103,618 $ 21,998 $ — $ 125,616 New equipment sales 38,132 10,808 — 48,940 Used equipment sales 17,818 4,432 — 22,250 Parts sales 25,356 4,178 — 29,534 Services revenues 13,559 2,538 — 16,097 Other 13,625 3,100 — 16,725 Total revenues 212,108 47,054 — 259,162 Cost of revenues: Rental depreciation 35,886 7,369 — 43,255 Rental expense 16,630 3,358 — 19,988 New equipment sales 33,933 9,676 — 43,609 Used equipment sales 12,288 2,828 — 15,116 Parts sales 18,648 2,929 — 21,577 Services revenues 4,775 792 — 5,567 Other 13,229 2,795 — 16,024 Total cost of revenues 135,389 29,747 — 165,136 Gross profit: Equipment rentals 51,102 11,271 — 62,373 New equipment sales 4,199 1,132 — 5,331 Used equipment sales 5,530 1,604 — 7,134 Parts sales 6,708 1,249 — 7,957 Services revenues 8,784 1,746 — 10,530 Other 396 305 — 701 Gross profit 76,719 17,307 — 94,026 Selling, general and administrative expenses 44,408 10,795 — 55,203 Equity in earnings of guarantor subsidiaries 6,160 — (6,160 ) — Merger costs (net of merger breakup fee proceeds) (6,506 ) — — (6,506 ) Gain on sales of property and equipment, net 342 1,983 — 2,325 Income from operations 45,319 8,495 (6,160 ) 47,654 Other income (expense): Interest expense (12,665 ) (2,395 ) — (15,060 ) Loss on early extinguishment of debt (25,363 ) — — (25,363 ) Other, net 286 60 — 346 Total other expense, net (37,742 ) (2,335 ) — (40,077 ) Income before income taxes 7,577 6,160 (6,160 ) 7,577 Income tax benefit (885 ) — — (885 ) Net income $ 8,462 $ 6,160 $ (6,160 ) $ 8,462 CONDENSED CONSOLIDATING STATEMENT OF INCOME Nine Months Ended September 30, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 367,314 $ 61,913 $ — $ 429,227 New equipment sales 144,462 38,803 — 183,265 Used equipment sales 70,256 17,031 — 87,287 Parts sales 77,488 12,428 — 89,916 Services revenues 40,808 7,442 — 48,250 Other 46,214 8,828 — 55,042 Total revenues 746,542 146,445 — 892,987 Cost of revenues: Rental depreciation 130,650 22,050 — 152,700 Rental expense 56,653 9,628 — 66,281 New equipment sales 127,982 34,483 — 162,465 Used equipment sales 47,084 12,137 — 59,221 Parts sales 56,972 8,705 — 65,677 Services revenues 14,000 2,430 — 16,430 Other 45,815 8,980 — 54,795 Total cost of revenues 479,156 98,413 — 577,569 Gross profit (loss): Equipment rentals 180,011 30,235 — 210,246 New equipment sales 16,480 4,320 — 20,800 Used equipment sales 23,172 4,894 — 28,066 Parts sales 20,516 3,723 — 24,239 Services revenues 26,808 5,012 — 31,820 Other 399 (152 ) — 247 Gross profit 267,386 48,032 — 315,418 Selling, general and administrative expenses 171,683 33,589 — 205,272 Merger costs (net of merger breakup fee proceeds) 439 — — 439 Equity in earnings of guarantor subsidiaries 7,482 — (7,482 ) — Gain on sales of property and equipment, net 5,754 286 — 6,040 Income from operations 108,500 14,729 (7,482 ) 115,747 Other income (expense): Interest expense (39,669 ) (7,392 ) — (47,061 ) Other, net 1,077 145 — 1,222 Total other expense, net (38,592 ) (7,247 ) — (45,839 ) Income before income taxes 69,908 7,482 (7,482 ) 69,908 Income tax expense 18,345 — — 18,345 Net income $ 51,563 $ 7,482 $ (7,482 ) $ 51,563 CONDENSED CONSOLIDATING STATEMENT OF INCOME Nine Months Ended September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 288,610 $ 62,693 $ — $ 351,303 New equipment sales 106,626 22,257 — 128,883 Used equipment sales 60,292 14,927 — 75,219 Parts sales 73,955 12,304 — 86,259 Services revenues 39,650 7,471 — 47,121 Other 37,966 8,602 — 46,568 Total revenues 607,099 128,254 — 735,353 Cost of revenues: Rental depreciation 104,177 21,819 — 125,996 Rental expense 48,607 9,917 — 58,524 New equipment sales 94,617 19,823 — 114,440 Used equipment sales 42,442 9,537 — 51,979 Parts sales 54,085 8,650 — 62,735 Services revenues 13,464 2,434 — 15,898 Other 38,049 8,694 — 46,743 Total cost of revenues 395,441 80,874 — 476,315 Gross profit (loss): Equipment rentals 135,826 30,957 — 166,783 New equipment sales 12,009 2,434 — 14,443 Used equipment sales 17,850 5,390 — 23,240 Parts sales 20,099 3,425 — 23,524 Services revenues 26,186 5,037 — 31,223 Other (312 ) 137 — (175 ) Gross profit 211,658 47,380 — 259,038 Selling, general and administrative expenses 140,522 31,806 — 172,328 Equity in earnings of guarantor subsidiaries 11,141 — (11,141 ) — Merger costs (net of merger breakup fee proceeds) (6,506 ) — — (6,506 ) Gain on sales of property and equipment, net 1,971 2,460 — 4,431 Income from operations 90,754 18,034 (11,141 ) 97,647 Other income (expense): Interest expense (34,522 ) (7,143 ) — (41,665 ) Loss on early extinguishment of debt (25,363 ) — — (25,363 ) Other, net 906 250 — 1,156 Total other expense, net (58,979 ) (6,893 ) — (65,872 ) Income before income taxes 31,775 11,141 (11,141 ) 31,775 Income tax expense 8,045 — — 8,045 Net income $ 23,730 $ 11,141 $ (11,141 ) $ 23,730 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 51,563 $ 7,482 $ (7,482 ) $ 51,563 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 16,106 2,261 — 18,367 Depreciation of rental equipment 130,650 22,050 — 152,700 Amortization of intangible assets 2,415 — — 2,415 Amortization of deferred financing costs 819 — — 819 Accretion of note discount, net of premium amortization 357 — — 357 Provision for losses on accounts receivable 1,474 582 — 2,056 Provision for inventory obsolescence 74 — — 74 Change in deferred income taxes 17,869 — — 17,869 Stock-based compensation expense 2,998 — — 2,998 Gain from sales of property and equipment, net (5,754 ) (286 ) — (6,040 ) Gain from sales of rental equipment, net (23,017 ) (4,624 ) — (27,641 ) Equity in earnings of guarantor subsidiaries (7,482 ) — 7,482 — Changes in operating assets and liabilities: Receivables (4,757 ) (2,068 ) — (6,825 ) Inventories (47,356 ) (8,999 ) — (56,355 ) Prepaid expenses and other assets 173 2 — 175 Accounts payable (6,491 ) (3,590 ) — (10,081 ) Manufacturer flooring plans payable 5,533 (1,063 ) — 4,470 Accrued expenses payable and other liabilities (8,665 ) (296 ) — (8,961 ) Deferred compensation payable 65 — — 65 Net cash provided by operating activities 126,574 11,451 — 138,025 Cash flows from investing activities: Acquisition of business, net of cash acquired (196,027 ) — (196,027 ) Purchases of property and equipment (19,274 ) (7,764 ) — (27,038 ) Purchases of rental equipment (302,878 ) (47,768 ) — (350,646 ) Proceeds from sales of property and equipment 7,672 286 — 7,958 Proceeds from sales of rental equipment 64,747 14,200 — 78,947 Investment in subsidiaries (29,599 ) — 29,599 — Net cash used in investing activities. (475,359 ) (41,046 ) 29,599 (486,806 ) Cash flows from financing activities: Purchases of treasury stock (1,323 ) — — (1,323 ) Borrowings on senior secured credit facility 1,142,811 — — 1,142,811 Payments on senior secured credit facility (923,793 ) — — (923,793 ) Dividends paid (29,443 ) (4 ) — (29,447 ) Payment of deferred financing costs (97 ) — — (97 ) Payments on capital lease obligations (160 ) — — (160 ) Capital contributions — 29,599 (29,599 ) — Net cash provided by financing activities 187,995 29,595 (29,599 ) 187,991 Net decrease in cash (160,790 ) — — (160,790 ) Cash, beginning of period 165,878 — — 165,878 Cash, end of period $ 5,088 $ — $ — $ 5,088 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 23,730 $ 11,141 $ (11,141 ) $ 23,730 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 15,778 2,314 — 18,092 Depreciation of rental equipment 104,177 21,819 — 125,996 Amortization of deferred financing costs 785 — — 785 Accretion of note discount, net of premium amortization 239 — — 239 Provision for losses on accounts receivable 2,336 712 — 3,048 Provision for inventory obsolescence 151 — — 151 Change in deferred income taxes 7,752 — — 7,752 Stock-based compensation expense 2,614 — — 2,614 Loss on early extinguishment of debt 25,363 25,363 Gain from sales of property and equipment, net (1,971 ) (2,460 ) — (4,431 ) Gain from sales of rental equipment, net (16,852 ) (5,344 ) — (22,196 ) Equity in earnings of guarantor subsidiaries (11,141 ) — 11,141 — Changes in operating assets and liabilities: Receivables (14,510 ) (1,301 ) — (15,811 ) Inventories (32,279 ) (6,651 ) — (38,930 ) Prepaid expenses and other assets (1,592 ) (14 ) — (1,606 ) Accounts payable 41,670 452 — 42,122 Manufacturer flooring plans payable (9,196 ) 1,702 — (7,494 ) Accrued expenses payable and other liabilities (4,711 ) 1,636 — (3,075 ) Deferred compensation payable 44 — — 44 Net cash provided by operating activities 132,387 24,006 — 156,393 Cash flows from investing activities: Purchases of property and equipment (14,618 ) (1,384 ) — (16,002 ) Purchases of rental equipment (154,057 ) (29,697 ) — (183,754 ) Proceeds from sales of property and equipment 2,914 3,851 — 6,765 Proceeds from sales of rental equipment 51,699 14,617 — 66,316 Investment in subsidiaries 11,225 — (11,225 ) — Net cash used in investing activities (102,837 ) (12,613 ) (11,225 ) (126,675 ) Cash flows from financing activities: Purchases of treasury stock (753 ) — — (753 ) Borrowings on senior secured credit facility 732,840 — — 732,840 Payments on senior secured credit facility (818,285 ) — — (818,285 ) Dividends paid (29,363 ) (6 ) — (29,369 ) Principal payments on senior unsecured notes due 2022 (630,000 ) — — (630,000 ) Costs paid to tender and redeem senior unsecured notes due 2022 (23,336 ) — — (23,336 ) Proceeds from issuance of senior unsecured notes due 2025 750,000 — — 750,000 Payments of deferred financing costs (12,152 ) — — (12,152 ) Payments on capital lease obligations — (162 ) — (162 ) Capital contributions — (11,225 ) 11,225 — Net cash used in financing activities (31,049 ) (11,393 ) 11,225 (31,217 ) Net decrease in cash (1,499 ) — — (1,499 ) Cash, beginning of period 7,683 — — 7,683 Cash, end of period $ 6,184 $ — $ — $ 6,184

Organization and Nature of Op_2

Organization and Nature of Operations (Policies)	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 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 . We will adopt ASU 2016-02 as of January 1, 2019. Originally, Topic 842 required all entities to use a modified retrospective transition approach that is intended to maximize comparability and be less complex than a full retrospective approach. Under the modified retrospective approach, Topic 842 is effectively implemented as of the beginning of the earliest comparative period presented in an entity’s financial statements. ASU 2018-11 amends Topic 842 so that entities may elect not to recast their comparative periods in transition and allows entities to change their date of initial application to the beginning of the period of adoption. In doing so, the entity would (1) apply Topic 840 in the comparative periods; (2) provide the disclosures required by Topic 840 for all periods that continue to be presented in accordance with Topic 840; and (3) recognize the effects of applying Topic 842 as a cumulative-effect adjustment to retained earnings as of January 1, 2019. ASU 2018-11 also amends certain narrow-scope aspects of Topic 842. Our operating leases under current guidance (Topic 840) include the real estate where all but 12 of our 89 branch locations are located as of September 30, 2018. Additionally, the Company leases various 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 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 and financial reporting activities. We are also in the process of implementing a new software tool to help facilitate compliance with the new guidance. 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 pending lessor accounting guidance of Topic 842. Topic 842, as originally issued, required lessors to separate lease and nonlease components in all circumstances. Under this requirement, once separate components are identified, lessors are required to use the relative stand-alone selling price allocation method in Topic 606 to allocate the consideration in the contract to the separated components. ASU 2018-11 also amends Topic 842 to include a practical expedient under which lessors are not required to separate lease and nonlease components. While our evaluation of Topic 842 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 upon adoption of Topic 842. 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 In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other – Internal-Use Software Recent Accounting Pronouncements Adopted in Fiscal 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 net income for the periods presented in this quarterly report on Form 10-Q, approximately $1.8 million and $5.2 million of revenues that were previously classified in Other Revenues have been reclassified to Parts Revenues for the three and nine month periods ended September 30, 2018, respectively. 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 $1.5 million and $4.0 million of associated freight costs related to these parts transactions from Other Cost of Revenues to Parts Costs of Revenues for the three and nine months ended September 30, 2018, respectively. We have recast our results for the prior year three and nine month periods ended September 30, 2017 as shown in the tables below (amounts in thousands). Three Months Ended September 30, 2017 Statement of Income: As Previously Reported Adjustments Current Presentation Revenues: Equipment rentals $ 125,616 $ ─ $ 125,616 New equipment sales 48,940 ─ 48,940 Used equipment sales 22,250 ─ 22,250 Parts sales 27,763 1,771 29,534 Services revenues 16,097 ─ 16,097 Other 18,496 (1,771) 16,725 Total revenues 259,162 ─ 259,162 Cost of revenues: Rental depreciation 43,255 ─ 43,255 Rental expense 19,988 ─ 19,988 New equipment sales 43,609 ─ 43,609 Used equipment sales 15,116 ─ 15,116 Parts sales 20,125 1,452 21,577 Services revenues 5,567 ─ 5,567 Other 17,476 (1,452) 16,024 Total cost of revenues 165,136 ─ 165,136 Gross profit $ 94,026 $ ─ $ 94,026 Nine Months Ended September 30, 2017 Statement of Income: As Previously Reported Adjustments Current Presentation Revenues: Equipment rentals $ 351,303 $ ─ $ 351,303 New equipment sales 128,883 ─ 128,883 Used equipment sales 75,219 ─ 75,219 Parts sales 81,063 5,196 86,259 Services revenues 47,121 ─ 47,121 Other 51,764 (5,196) 46,568 Total revenues 735,353 ─ 735,353 Cost of revenues: Rental depreciation 125,996 ─ 125,996 Rental expense 58,524 ─ 58,524 New equipment sales 114,440 ─ 114,440 Used equipment sales 51,979 ─ 51,979 Parts sales 58,696 4,039 62,735 Services revenues 15,898 ─ 15,898 Other 50,782 (4,039) 46,743 Total cost of revenues 476,315 ─ 476,315 Gross profit $ 259,038 $ ─ $ 259,038
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 tables below summarize for the three and nine months ended September 30, 2018 our revenue by type and by the applicable accounting standard (amounts in thousands). Three Months Ended September 30, 2018 2017 Topic 840 Topic 606 Total Topic 840 Topic 605 Total Rental revenues $ 155,840 $ 197 $ 156,037 $ 125,071 $ 545 $ 125,616 New equipment sales ─ 68,233 68,233 ─ 48,940 48,940 Used equipment sales ─ 30,294 30,294 ─ 22,250 22,250 Parts sales ─ 31,484 31,484 ─ 27,763 27,763 Service revenues ─ 16,426 16,426 ─ 16,097 16,097 Other 5,623 14,044 19,667 4,800 13,696 18,496 Total revenues $ 161,463 $160,678 $ 322,141 $ 129,871 $ 129,291 $ 259,162 Nine Months Ended September 30, 2018 2017 Topic 840 Topic 606 Total Topic 840 Topic 605 Total Rental revenues $ 428,115 $ 1,112 $ 429,227 $ 349,704 $ 1,599 $ 351,303 New equipment sales ─ 183,265 183,265 ─ 128,883 128,883 Used equipment sales ─ 87,287 87,287 ─ 75,219 75,219 Parts sales ─ 89,916 89,916 ─ 81,063 81,063 Service revenues ─ 48,250 48,250 ─ 47,121 47,121 Other 15,565 39,477 55,042 12,951 38,813 51,764 Total revenues $ 443,680 $ 449,307 $ 892,987 $ 362,655 $ 372,698 $ 735,353 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 rental 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, if any, can be measured. Income from damage waiver insurance policies is 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 revenues for 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 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 our customer base is comprised of a large number of geographically diverse customers. Our largest customer accounted for less than one percent of total revenues for the three and nine months ended September 30, 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 nine month periods ended September 30, 2018 and 2017 were approximately 0.3% and 0.4%, 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 and nine months ended September 30, 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 and nine months ended September 30, 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 September 30, 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 Polici_2

Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Recast of Our Results for Prior Year	We have recast our results for the prior year three and nine month periods ended September 30, 2017 as shown in the tables below (amounts in thousands). Three Months Ended September 30, 2017 Statement of Income: As Previously Reported Adjustments Current Presentation Revenues: Equipment rentals $ 125,616 $ ─ $ 125,616 New equipment sales 48,940 ─ 48,940 Used equipment sales 22,250 ─ 22,250 Parts sales 27,763 1,771 29,534 Services revenues 16,097 ─ 16,097 Other 18,496 (1,771) 16,725 Total revenues 259,162 ─ 259,162 Cost of revenues: Rental depreciation 43,255 ─ 43,255 Rental expense 19,988 ─ 19,988 New equipment sales 43,609 ─ 43,609 Used equipment sales 15,116 ─ 15,116 Parts sales 20,125 1,452 21,577 Services revenues 5,567 ─ 5,567 Other 17,476 (1,452) 16,024 Total cost of revenues 165,136 ─ 165,136 Gross profit $ 94,026 $ ─ $ 94,026 Nine Months Ended September 30, 2017 Statement of Income: As Previously Reported Adjustments Current Presentation Revenues: Equipment rentals $ 351,303 $ ─ $ 351,303 New equipment sales 128,883 ─ 128,883 Used equipment sales 75,219 ─ 75,219 Parts sales 81,063 5,196 86,259 Services revenues 47,121 ─ 47,121 Other 51,764 (5,196) 46,568 Total revenues 735,353 ─ 735,353 Cost of revenues: Rental depreciation 125,996 ─ 125,996 Rental expense 58,524 ─ 58,524 New equipment sales 114,440 ─ 114,440 Used equipment sales 51,979 ─ 51,979 Parts sales 58,696 4,039 62,735 Services revenues 15,898 ─ 15,898 Other 50,782 (4,039) 46,743 Total cost of revenues 476,315 ─ 476,315 Gross profit $ 259,038 $ ─ $ 259,038
Summary of Revenue by Type and by Applicable Accounting Standard	The tables below summarize for the three and nine months ended September 30, 2018 our revenue by type and by the applicable accounting standard (amounts in thousands). Three Months Ended September 30, 2018 2017 Topic 840 Topic 606 Total Topic 840 Topic 605 Total Rental revenues $ 155,840 $ 197 $ 156,037 $ 125,071 $ 545 $ 125,616 New equipment sales ─ 68,233 68,233 ─ 48,940 48,940 Used equipment sales ─ 30,294 30,294 ─ 22,250 22,250 Parts sales ─ 31,484 31,484 ─ 27,763 27,763 Service revenues ─ 16,426 16,426 ─ 16,097 16,097 Other 5,623 14,044 19,667 4,800 13,696 18,496 Total revenues $ 161,463 $160,678 $ 322,141 $ 129,871 $ 129,291 $ 259,162 Nine Months Ended September 30, 2018 2017 Topic 840 Topic 606 Total Topic 840 Topic 605 Total Rental revenues $ 428,115 $ 1,112 $ 429,227 $ 349,704 $ 1,599 $ 351,303 New equipment sales ─ 183,265 183,265 ─ 128,883 128,883 Used equipment sales ─ 87,287 87,287 ─ 75,219 75,219 Parts sales ─ 89,916 89,916 ─ 81,063 81,063 Service revenues ─ 48,250 48,250 ─ 47,121 47,121 Other 15,565 39,477 55,042 12,951 38,813 51,764 Total revenues $ 443,680 $ 449,307 $ 892,987 $ 362,655 $ 372,698 $ 735,353

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2018
Business Acquisition [Line Items]
Unaudited Pro Forma Consolidated Statements of Income Information	The tables below present unaudited pro forma consolidated statements of income information for the three and nine month periods ended September 30, 2017 and the nine month period ended September 30, 2018 as if CEC and Rental Inc. were included in our consolidated results for the entire periods presented. (amounts in thousands, except per share data) Three Month Period Ended September 30, 2017 H&E CEC Rental Inc. Total Total revenues $259,162 $9,186 $9,247 $277,595 Pretax income 7,577 2,133 2,153 11,863 Pro forma adjustments to pretax income: Impact of fair value mark-ups/useful life changes on depreciation (1) — (823) (713) (1,536) Intangible asset amortization (2) — (605) (300) (905) Interest expense (3) — — (451) (451) Elimination of historic interest expense (4) — 425 90 515 Pro forma pretax income 7,577 1,130 779 9,486 Income tax benefit (885) (127) (87) (1,099) Net income $ 8,462 $1,257 $ 866 $10,585 Net income per share – basic $ 0.24 $ 0.04 $0.02 $ 0.30 Net income per share - diluted $ 0.24 $ 0.04 $0.02 $ 0.30 (amounts in thousands, except per share data) Nine Month Period Ended September 30, 2017 H&E CEC Rental Inc. Total Total revenues $735,353 $25,715 $26,472 $787,540 Pretax income 31,775 5,022 6,311 43,108 Pro forma adjustments to pretax income: Impact of fair value mark-ups/useful life changes on depreciation (1) — (2,535) (2,094) (4,629) Intangible asset amortization (2) — (1,815) (600) (2,415) Interest expense (3) — — (1,226) (1,226) Elimination of historic interest expense (4) — 1,225 292 1,517 Pro forma pretax income 31,775 1,897 2,683 36,355 Income tax expense 8,045 484 684 9,213 Net income $ 23,730 $1,413 $1,999 $27,142 Net income per share – basic $ 0.67 $0.04 $0.06 $ 0.76 Net income per share - diluted $ 0.67 $0.04 $0.06 $ 0.76 (amounts in thousands, except per share data) Nine Month Period Ended September 30, 2018 H&E(5) Rental Inc.(6) Total Total revenues $ 892,987 $7,408 $900,395 Pretax income 69,908 1,020 70,928 Pro forma adjustments to pretax income: Impact of fair value mark-ups/useful life changes on depreciation (1) ─ (749) (749) Intangible asset amortization (2) ─ (250) (250) Interest expense (3) ─ (480) (480) Elimination of historic interest expense (4) ─ 82 82 Pro forma pretax income (loss) 69,908 (377) 69,531 Income tax expense (benefit) 18,345 (100) 18,245 Net income (loss) $ 51,563 $ (277) $ 51,286 Net income (loss) per share – basic $ 1.45 $(0.01) $ 1.44 Net income (loss) per share - diluted $ 1.44 $(0.01) $ 1.43 (1) 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 acquisitions. (2) Represents the amortization of the intangible assets acquired in the acquisitions. (3) A portion of the consideration paid for Rental Inc. was funded with borrowings from our Credit Facility. Interest expense was adjusted to reflect the additional debt resulting from such acquisition. (4) Represents historic debt of CEC and Rental Inc. that is not part of the combined entity was eliminated. (5) H&E represents consolidated operating results as presented in this Quarterly Report on Form 10-Q for the nine month period ended September 30, 2018 and includes actual results for CEC for the nine months ended September 30, 2018 and actual results for Rental Inc. for the April 1, 2018 through September 30, 2018. (6) Represents Rental Inc. pro forma operating results for the three month period ended March 31, 2018. We completed the Rental Inc. acquisition on April 1, 2018.
CEC [Member]
Business Acquisition [Line Items]
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. We do not expect any further 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) 21,500 Total identifiable assets acquired 89,197 Accounts payable (1,023) Accrued expenses payable and other liabilities (876) Total liabilities assumed (1,899) Net identifiable assets acquired 87,298 Goodwill (3) 45,092 Net assets acquired $ 132,390 (1) The fair value of accounts receivable 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 300 1 Leasehold interests 200 10 $ 21,500 (3) We have allocated the $45.1 million goodwill among our six goodwill reporting units as follows (amounts in thousands): Rental Component 1 $25,233 Rental Component 2 18,391 New Equipment 217 Used Equipment 632 Parts 379 Service 240 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.
Rental Inc [Member]
Business Acquisition [Line Items]
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed	The following table summarizes the estimated fair value 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 $ 260 Accounts receivable, net of allowance for doubtful accounts (1) 2,873 Inventory 5,324 Prepaid expenses and other assets 47 Rental equipment 22,578 Property and equipment 1,935 Intangible assets (2) 10,200 Total identifiable assets acquired 43,217 Accounts payable (439) Manufacturer flooring plans payable (3,293) Accrued expenses payable and other liabilities (469) Total liabilities assumed (4,201) Net identifiable assets acquired 39,016 Goodwill (3) 29,554 Net assets acquired $ 68,570 (1) The fair value of accounts receivables acquired was approximately $2.9 million and the gross contractual amount was $3.1 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 $ 10,000 10 Tradenames 200 1 $ 10,200 (3) We have allocated the $29.6 million goodwill among our six goodwill reporting units as follows (amounts in thousands): Rental Component 1 $9,064 Rental Component 2 5,445 New Equipment 10,217 Used Equipment 1,692 Parts 2,171 Service 964 The level of goodwill that resulted from the Rental Inc. acquisition is primarily reflective of Rental Inc.’s going-concern value, the value of Rental Inc.’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.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 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. September 30, 2018 Carrying Amount Fair Value Manufacturer flooring plans payable with interest computed at 4.50% (Level 3) $ 26,472 $ 22,544 Senior unsecured notes with interest computed at 5.625% (Level 1) 950,000 947,625 Capital leases payable with interest computed at 5.929% (Level 3) 778 651 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)	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Summary of Activity in Stockholders' Equity	The following table summarizes the activity in Stockholders’ Equity for the nine month period ended September 30, 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 — — 2,998 — — 2,998 Cash dividends declared on common stock ($0.825 per share) — — — — (29,514 ) (29,514 ) Issuance of common stock, net of forfeitures 125,776 1 (110 ) — — (109 ) Repurchase of 36,929 shares of restricted common stock — — — (1,323 ) — (1,323 ) Net income — — — — 51,563 51,563 Balances at September 30, 2018 39,749,549 396 229,958 (63,072 ) 73,126 240,408

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2018: Number of Shares Weighted Average Grant Date Fair Non-vested stock at December 31, 2017 445,964 $ 19.70 Granted 143,121 $ 37.10 Vested (178,212 ) $ 20.53 Forfeited (27,345 ) $ 19.39 Non-vested stock at September 30, 2018 383,528 $ 25.83
Schedule of Compensation Expense Related to Non-Vested Stock	The following table summarizes compensation expense related to non-vested stock, which is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of income for the three and nine months ended September 30, 2018 and 2017 (amounts in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, 2018 2017 2018 2017 Compensation expense $ 917 $ 720 $ 2,998 $ 2,614

Income per Share (Tables)

Income per Share (Tables)	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 2018 and 2017 (amounts in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Basic net income per share: Net income $ 21,314 $ 8,462 $ 51,563 $ 23,730 Weighted average number of common shares outstanding 35,719 35,543 35,649 35,494 Net income per share of common stock – basic $ 0.60 $ 0.24 $ 1.45 $ 0.67 Diluted net income per share: Net income $ 21,314 $ 8,462 $ 51,563 $ 23,730 Weighted average number of common shares outstanding 35,719 35,543 35,649 35,494 Effect of dilutive securities: Effect of dilutive non-vested restricted stock 207 172 255 162 Weighted average number of common shares outstanding – diluted 35,926 35,715 35,904 35,656 Net income per share of common stock – diluted $ 0.59 $ 0.24 $ 1.44 $ 0.67 Common shares excluded from the denominator as anti-dilutive: Non-vested restricted stock 21 — 7 —

Senior Unsecured Notes (Tables)

Senior Unsecured Notes (Tables)	9 Months Ended
	Sep. 30, 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 August 24, 2017 through December 31, 2017 105 Balance at December 31, 2017 $ 944,088 Accretion of discount through September 30, 2018 1,154 Amortization of note premium through September 30, 2018 (797 ) Additional deferred financing costs on New Notes (97 ) Amortization of deferred financing costs through September 30, 2018 236 Balance at September 30, 2018 $ 944,584

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Segment Revenues: Equipment rentals $ 156,037 $ 125,616 $ 429,227 $ 351,303 New equipment sales 68,233 48,940 183,265 128,883 Used equipment sales 30,294 22,250 87,287 75,219 Parts sales 31,484 29,534 89,916 86,259 Services revenues 16,426 16,097 48,250 47,121 Total segmented revenues 302,474 242,437 837,945 688,785 Non-segmented revenues 19,667 16,725 55,042 46,568 Total revenues $ 322,141 $ 259,162 $ 892,987 $ 735,353 Segment Gross Profit: Equipment rentals $ 78,041 $ 62,373 $ 210,246 $ 166,783 New equipment sales 7,839 5,331 20,800 14,443 Used equipment sales 9,782 7,134 28,066 23,240 Parts sales 8,355 7,957 24,239 23,524 Services revenues 10,798 10,530 31,820 31,223 Total segmented gross profit 114,815 93,325 315,171 259,213 Non-segmented gross profit (loss) (85 ) 701 247 (175 ) Total gross profit $ 114,730 $ 94,026 $ 315,418 $ 259,038 Balances at September 30, December 31, 2018 2017 Segment identified assets: Equipment sales $ 93,860 $ 58,125 Equipment rentals 1,153,244 904,824 Parts and services 19,392 16,879 Total segment identified assets 1,266,496 979,828 Non-segment identified assets 457,480 487,889 Total assets $ 1,723,976 $ 1,467,717

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information of Guarantor Subsidiaries (Tables)	9 Months Ended
	Sep. 30, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET As of September 30, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Assets: Cash $ 5,088 $ — $ — $ 5,088 Receivables, net 152,395 38,910 — 191,305 Inventories, net 97,099 16,153 — 113,252 Prepaid expenses and other assets 9,228 140 — 9,368 Rental equipment, net 989,228 164,016 — 1,153,244 Property and equipment, net 96,063 17,340 — 113,403 Deferred financing costs, net 3,188 — — 3,188 Investment in guarantor subsidiaries 259,298 — (259,298 ) — Intangible assets, net 29,285 — — 29,285 Goodwill 76,317 29,526 — 105,843 Total assets $ 1,717,189 $ 266,085 $ (259,298 ) $ 1,723,976 Liabilities and Stockholders’ Equity: Amounts due on senior secured credit facility $ 219,018 $ — $ — $ 219,018 Accounts payable 77,385 7,380 — 84,765 Manufacturer flooring plans payable 25,833 639 — 26,472 Accrued expenses payable and other liabilities 63,550 (1,959 ) — 61,591 Dividends payable 155 (51 ) — 104 Senior unsecured notes 944,584 — — 944,584 Capital leases payable — 778 — 778 Deferred income taxes 144,288 — — 144,288 Deferred compensation payable 1,968 — — 1,968 Total liabilities 1,476,781 6,787 — 1,483,568 Stockholders’ equity 240,408 259,298 (259,298 ) 240,408 Total liabilities and stockholders’ equity $ 1,717,189 $ 266,085 $ (259,298 ) $ 1,723,976 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 September 30, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 133,023 $ 23,014 $ — $ 156,037 New equipment sales 48,861 19,372 — 68,233 Used equipment sales 23,868 6,426 — 30,294 Parts sales 27,054 4,430 — 31,484 Services revenues 14,048 2,378 — 16,426 Other 16,494 3,173 — 19,667 Total revenues 263,348 58,793 — 322,141 Cost of revenues: Rental depreciation 47,142 7,918 — 55,060 Rental expense 19,527 3,409 — 22,936 New equipment sales 43,187 17,207 — 60,394 Used equipment sales 15,692 4,820 — 20,512 Parts sales 20,029 3,100 — 23,129 Services revenues 4,883 745 — 5,628 Other 16,570 3,182 — 19,752 Total cost of revenues 167,030 40,381 — 207,411 Gross profit (loss): Equipment rentals 66,354 11,687 — 78,041 New equipment sales 5,674 2,165 — 7,839 Used equipment sales 8,176 1,606 — 9,782 Parts sales 7,025 1,330 — 8,355 Services revenues 9,165 1,633 — 10,798 Other (76 ) (9 ) — (85 ) Gross profit 96,318 18,412 — 114,730 Selling, general and administrative expenses 58,938 11,408 — 70,346 Merger costs (net of merger breakup fee proceeds) 219 — — 219 Equity in earnings of guarantor subsidiaries 4,535 — (4,535 ) — Gain on sales of property and equipment, net 1,017 136 — 1,153 Income from operations 42,713 7,140 (4,535 ) 45,318 Other income (expense): Interest expense (14,073 ) (2,642 ) — (16,715 ) Other, net 331 37 — 368 Total other expense, net (13,742 ) (2,605 ) — (16,347 ) Income before income taxes 28,971 4,535 (4,535 ) 28,971 Income tax expense 7,657 — — 7,657 Net income $ 21,314 $ 4,535 $ (4,535 ) $ 21,314 CONDENSED CONSOLIDATING STATEMENT OF INCOME Three Months Ended September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 103,618 $ 21,998 $ — $ 125,616 New equipment sales 38,132 10,808 — 48,940 Used equipment sales 17,818 4,432 — 22,250 Parts sales 25,356 4,178 — 29,534 Services revenues 13,559 2,538 — 16,097 Other 13,625 3,100 — 16,725 Total revenues 212,108 47,054 — 259,162 Cost of revenues: Rental depreciation 35,886 7,369 — 43,255 Rental expense 16,630 3,358 — 19,988 New equipment sales 33,933 9,676 — 43,609 Used equipment sales 12,288 2,828 — 15,116 Parts sales 18,648 2,929 — 21,577 Services revenues 4,775 792 — 5,567 Other 13,229 2,795 — 16,024 Total cost of revenues 135,389 29,747 — 165,136 Gross profit: Equipment rentals 51,102 11,271 — 62,373 New equipment sales 4,199 1,132 — 5,331 Used equipment sales 5,530 1,604 — 7,134 Parts sales 6,708 1,249 — 7,957 Services revenues 8,784 1,746 — 10,530 Other 396 305 — 701 Gross profit 76,719 17,307 — 94,026 Selling, general and administrative expenses 44,408 10,795 — 55,203 Equity in earnings of guarantor subsidiaries 6,160 — (6,160 ) — Merger costs (net of merger breakup fee proceeds) (6,506 ) — — (6,506 ) Gain on sales of property and equipment, net 342 1,983 — 2,325 Income from operations 45,319 8,495 (6,160 ) 47,654 Other income (expense): Interest expense (12,665 ) (2,395 ) — (15,060 ) Loss on early extinguishment of debt (25,363 ) — — (25,363 ) Other, net 286 60 — 346 Total other expense, net (37,742 ) (2,335 ) — (40,077 ) Income before income taxes 7,577 6,160 (6,160 ) 7,577 Income tax benefit (885 ) — — (885 ) Net income $ 8,462 $ 6,160 $ (6,160 ) $ 8,462 CONDENSED CONSOLIDATING STATEMENT OF INCOME Nine Months Ended September 30, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 367,314 $ 61,913 $ — $ 429,227 New equipment sales 144,462 38,803 — 183,265 Used equipment sales 70,256 17,031 — 87,287 Parts sales 77,488 12,428 — 89,916 Services revenues 40,808 7,442 — 48,250 Other 46,214 8,828 — 55,042 Total revenues 746,542 146,445 — 892,987 Cost of revenues: Rental depreciation 130,650 22,050 — 152,700 Rental expense 56,653 9,628 — 66,281 New equipment sales 127,982 34,483 — 162,465 Used equipment sales 47,084 12,137 — 59,221 Parts sales 56,972 8,705 — 65,677 Services revenues 14,000 2,430 — 16,430 Other 45,815 8,980 — 54,795 Total cost of revenues 479,156 98,413 — 577,569 Gross profit (loss): Equipment rentals 180,011 30,235 — 210,246 New equipment sales 16,480 4,320 — 20,800 Used equipment sales 23,172 4,894 — 28,066 Parts sales 20,516 3,723 — 24,239 Services revenues 26,808 5,012 — 31,820 Other 399 (152 ) — 247 Gross profit 267,386 48,032 — 315,418 Selling, general and administrative expenses 171,683 33,589 — 205,272 Merger costs (net of merger breakup fee proceeds) 439 — — 439 Equity in earnings of guarantor subsidiaries 7,482 — (7,482 ) — Gain on sales of property and equipment, net 5,754 286 — 6,040 Income from operations 108,500 14,729 (7,482 ) 115,747 Other income (expense): Interest expense (39,669 ) (7,392 ) — (47,061 ) Other, net 1,077 145 — 1,222 Total other expense, net (38,592 ) (7,247 ) — (45,839 ) Income before income taxes 69,908 7,482 (7,482 ) 69,908 Income tax expense 18,345 — — 18,345 Net income $ 51,563 $ 7,482 $ (7,482 ) $ 51,563 CONDENSED CONSOLIDATING STATEMENT OF INCOME Nine Months Ended September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Revenues: Equipment rentals $ 288,610 $ 62,693 $ — $ 351,303 New equipment sales 106,626 22,257 — 128,883 Used equipment sales 60,292 14,927 — 75,219 Parts sales 73,955 12,304 — 86,259 Services revenues 39,650 7,471 — 47,121 Other 37,966 8,602 — 46,568 Total revenues 607,099 128,254 — 735,353 Cost of revenues: Rental depreciation 104,177 21,819 — 125,996 Rental expense 48,607 9,917 — 58,524 New equipment sales 94,617 19,823 — 114,440 Used equipment sales 42,442 9,537 — 51,979 Parts sales 54,085 8,650 — 62,735 Services revenues 13,464 2,434 — 15,898 Other 38,049 8,694 — 46,743 Total cost of revenues 395,441 80,874 — 476,315 Gross profit (loss): Equipment rentals 135,826 30,957 — 166,783 New equipment sales 12,009 2,434 — 14,443 Used equipment sales 17,850 5,390 — 23,240 Parts sales 20,099 3,425 — 23,524 Services revenues 26,186 5,037 — 31,223 Other (312 ) 137 — (175 ) Gross profit 211,658 47,380 — 259,038 Selling, general and administrative expenses 140,522 31,806 — 172,328 Equity in earnings of guarantor subsidiaries 11,141 — (11,141 ) — Merger costs (net of merger breakup fee proceeds) (6,506 ) — — (6,506 ) Gain on sales of property and equipment, net 1,971 2,460 — 4,431 Income from operations 90,754 18,034 (11,141 ) 97,647 Other income (expense): Interest expense (34,522 ) (7,143 ) — (41,665 ) Loss on early extinguishment of debt (25,363 ) — — (25,363 ) Other, net 906 250 — 1,156 Total other expense, net (58,979 ) (6,893 ) — (65,872 ) Income before income taxes 31,775 11,141 (11,141 ) 31,775 Income tax expense 8,045 — — 8,045 Net income $ 23,730 $ 11,141 $ (11,141 ) $ 23,730
Condensed Consolidating Statement of Cash Flows	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2018 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 51,563 $ 7,482 $ (7,482 ) $ 51,563 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 16,106 2,261 — 18,367 Depreciation of rental equipment 130,650 22,050 — 152,700 Amortization of intangible assets 2,415 — — 2,415 Amortization of deferred financing costs 819 — — 819 Accretion of note discount, net of premium amortization 357 — — 357 Provision for losses on accounts receivable 1,474 582 — 2,056 Provision for inventory obsolescence 74 — — 74 Change in deferred income taxes 17,869 — — 17,869 Stock-based compensation expense 2,998 — — 2,998 Gain from sales of property and equipment, net (5,754 ) (286 ) — (6,040 ) Gain from sales of rental equipment, net (23,017 ) (4,624 ) — (27,641 ) Equity in earnings of guarantor subsidiaries (7,482 ) — 7,482 — Changes in operating assets and liabilities: Receivables (4,757 ) (2,068 ) — (6,825 ) Inventories (47,356 ) (8,999 ) — (56,355 ) Prepaid expenses and other assets 173 2 — 175 Accounts payable (6,491 ) (3,590 ) — (10,081 ) Manufacturer flooring plans payable 5,533 (1,063 ) — 4,470 Accrued expenses payable and other liabilities (8,665 ) (296 ) — (8,961 ) Deferred compensation payable 65 — — 65 Net cash provided by operating activities 126,574 11,451 — 138,025 Cash flows from investing activities: Acquisition of business, net of cash acquired (196,027 ) — (196,027 ) Purchases of property and equipment (19,274 ) (7,764 ) — (27,038 ) Purchases of rental equipment (302,878 ) (47,768 ) — (350,646 ) Proceeds from sales of property and equipment 7,672 286 — 7,958 Proceeds from sales of rental equipment 64,747 14,200 — 78,947 Investment in subsidiaries (29,599 ) — 29,599 — Net cash used in investing activities. (475,359 ) (41,046 ) 29,599 (486,806 ) Cash flows from financing activities: Purchases of treasury stock (1,323 ) — — (1,323 ) Borrowings on senior secured credit facility 1,142,811 — — 1,142,811 Payments on senior secured credit facility (923,793 ) — — (923,793 ) Dividends paid (29,443 ) (4 ) — (29,447 ) Payment of deferred financing costs (97 ) — — (97 ) Payments on capital lease obligations (160 ) — — (160 ) Capital contributions — 29,599 (29,599 ) — Net cash provided by financing activities 187,995 29,595 (29,599 ) 187,991 Net decrease in cash (160,790 ) — — (160,790 ) Cash, beginning of period 165,878 — — 165,878 Cash, end of period $ 5,088 $ — $ — $ 5,088 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2017 H&E Services Guarantor Subsidiaries Elimination Consolidated (Amounts in thousands) Cash flows from operating activities: Net income $ 23,730 $ 11,141 $ (11,141 ) $ 23,730 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization on property and equipment 15,778 2,314 — 18,092 Depreciation of rental equipment 104,177 21,819 — 125,996 Amortization of deferred financing costs 785 — — 785 Accretion of note discount, net of premium amortization 239 — — 239 Provision for losses on accounts receivable 2,336 712 — 3,048 Provision for inventory obsolescence 151 — — 151 Change in deferred income taxes 7,752 — — 7,752 Stock-based compensation expense 2,614 — — 2,614 Loss on early extinguishment of debt 25,363 25,363 Gain from sales of property and equipment, net (1,971 ) (2,460 ) — (4,431 ) Gain from sales of rental equipment, net (16,852 ) (5,344 ) — (22,196 ) Equity in earnings of guarantor subsidiaries (11,141 ) — 11,141 — Changes in operating assets and liabilities: Receivables (14,510 ) (1,301 ) — (15,811 ) Inventories (32,279 ) (6,651 ) — (38,930 ) Prepaid expenses and other assets (1,592 ) (14 ) — (1,606 ) Accounts payable 41,670 452 — 42,122 Manufacturer flooring plans payable (9,196 ) 1,702 — (7,494 ) Accrued expenses payable and other liabilities (4,711 ) 1,636 — (3,075 ) Deferred compensation payable 44 — — 44 Net cash provided by operating activities 132,387 24,006 — 156,393 Cash flows from investing activities: Purchases of property and equipment (14,618 ) (1,384 ) — (16,002 ) Purchases of rental equipment (154,057 ) (29,697 ) — (183,754 ) Proceeds from sales of property and equipment 2,914 3,851 — 6,765 Proceeds from sales of rental equipment 51,699 14,617 — 66,316 Investment in subsidiaries 11,225 — (11,225 ) — Net cash used in investing activities (102,837 ) (12,613 ) (11,225 ) (126,675 ) Cash flows from financing activities: Purchases of treasury stock (753 ) — — (753 ) Borrowings on senior secured credit facility 732,840 — — 732,840 Payments on senior secured credit facility (818,285 ) — — (818,285 ) Dividends paid (29,363 ) (6 ) — (29,369 ) Principal payments on senior unsecured notes due 2022 (630,000 ) — — (630,000 ) Costs paid to tender and redeem senior unsecured notes due 2022 (23,336 ) — — (23,336 ) Proceeds from issuance of senior unsecured notes due 2025 750,000 — — 750,000 Payments of deferred financing costs (12,152 ) — — (12,152 ) Payments on capital lease obligations — (162 ) — (162 ) Capital contributions — (11,225 ) 11,225 — Net cash used in financing activities (31,049 ) (11,393 ) 11,225 (31,217 ) Net decrease in cash (1,499 ) — — (1,499 ) Cash, beginning of period 7,683 — — 7,683 Cash, end of period $ 6,184 $ — $ — $ 6,184

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018USD ($)LocationCustomer	Sep. 30, 2017USD ($)Customer	Sep. 30, 2018USD ($)LocationCustomer	Sep. 30, 2017USD ($)Customer	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Summary Of Significant Accounting Policy [Line Items]
Number of branch locations | Location	12		12
Operating leases include real estate, number of branch location located | Location	89		89
Freight costs related to parts transactions	$ 207,411	$ 165,136	$ 577,569	$ 476,315
Sales to international customers	0.10%	0.10%	0.20%	0.30%
Customer accounted for more than 10% of revenue | Customer	0	0	0	0
Bad debt expense as a percentage of total revenues			0.30%	0.40%
Accounting Standards Update 2014-09 [Member] | Parts [Member]
Summary Of Significant Accounting Policy [Line Items]
Revenues	$ 1,800		$ 5,200
Accounting Standards Update 2014-09 [Member] | Cargo and Freight [Member] | Parts [Member]
Summary Of Significant Accounting Policy [Line Items]
Freight costs related to parts transactions	$ 1,500		$ 4,000
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%	1.00%

Significant Accounting Polici_4

Significant Accounting Policies - Recast of Our Results for Prior Year (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues:
Revenues	$ 322,141	$ 259,162	$ 892,987	$ 735,353
Cost of revenues:
Cost of revenues	207,411	165,136	577,569	476,315
Gross profit	114,730	94,026	315,418	259,038
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	55,060	43,255	152,700	125,996
Rental Expense [Member]
Cost of revenues:
Cost of revenues	22,936	19,988	66,281	58,524
As Previously Reported [Member]
Revenues:
Revenues		259,162		735,353
Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues	160,678		449,307
Accounting Standards Update 2014-09 [Member] | As Previously Reported [Member]
Revenues:
Revenues		259,162		735,353
Cost of revenues:
Cost of revenues		165,136		476,315
Gross profit		94,026		259,038
Accounting Standards Update 2014-09 [Member] | As Previously Reported [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues		43,255		125,996
Accounting Standards Update 2014-09 [Member] | As Previously Reported [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues		19,988		58,524
Operating Segments [Member]
Revenues:
Revenues	302,474	242,437	837,945	688,785
Cost of revenues:
Gross profit	114,815	93,325	315,171	259,213
Operating Segments [Member] | Equipment Rentals [Member]
Revenues:
Revenues	156,037	125,616	429,227	351,303
Cost of revenues:
Gross profit	78,041	62,373	210,246	166,783
Operating Segments [Member] | Equipment Rentals [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	55,060	43,255	152,700	125,996
Operating Segments [Member] | Equipment Rentals [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	22,936	19,988	66,281	58,524
Operating Segments [Member] | Equipment Rentals [Member] | As Previously Reported [Member]
Revenues:
Revenues		125,616		351,303
Operating Segments [Member] | New Equipment Sales [Member]
Revenues:
Revenues	68,233	48,940	183,265	128,883
Cost of revenues:
Cost of revenues	60,394	43,609	162,465	114,440
Gross profit	7,839	5,331	20,800	14,443
Operating Segments [Member] | New Equipment Sales [Member] | As Previously Reported [Member]
Revenues:
Revenues		48,940		128,883
Operating Segments [Member] | Used Equipment Sales [Member]
Revenues:
Revenues	30,294	22,250	87,287	75,219
Cost of revenues:
Cost of revenues	20,512	15,116	59,221	51,979
Gross profit	9,782	7,134	28,066	23,240
Operating Segments [Member] | Used Equipment Sales [Member] | As Previously Reported [Member]
Revenues:
Revenues		22,250		75,219
Operating Segments [Member] | Parts Sales [Member]
Revenues:
Revenues	31,484	29,534	89,916	86,259
Cost of revenues:
Cost of revenues	23,129	21,577	65,677	62,735
Gross profit	8,355	7,957	24,239	23,524
Operating Segments [Member] | Parts Sales [Member] | As Previously Reported [Member]
Revenues:
Revenues		27,763		81,063
Operating Segments [Member] | Services Revenues [Member]
Revenues:
Revenues	16,426	16,097	48,250	47,121
Cost of revenues:
Cost of revenues	5,628	5,567	16,430	15,898
Gross profit	10,798	10,530	31,820	31,223
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Equipment Rentals [Member]
Revenues:
Revenues	197		1,112
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Equipment Rentals [Member] | As Previously Reported [Member]
Revenues:
Revenues		125,616		351,303
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | New Equipment Sales [Member]
Revenues:
Revenues	68,233		183,265
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | New Equipment Sales [Member] | As Previously Reported [Member]
Revenues:
Revenues		48,940		128,883
Cost of revenues:
Cost of revenues		43,609		114,440
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Used Equipment Sales [Member]
Revenues:
Revenues	30,294		87,287
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Used Equipment Sales [Member] | As Previously Reported [Member]
Revenues:
Revenues		22,250		75,219
Cost of revenues:
Cost of revenues		15,116		51,979
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Parts Sales [Member]
Revenues:
Revenues	31,484		89,916
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Parts Sales [Member] | As Previously Reported [Member]
Revenues:
Revenues		27,763		81,063
Cost of revenues:
Cost of revenues		20,125		58,696
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Parts Sales [Member] | Adjustments [Member]
Revenues:
Revenues		1,771		5,196
Cost of revenues:
Cost of revenues		1,452		4,039
Operating Segments [Member] | Accounting Standards Update 2014-09 [Member] | Services Revenues [Member] | As Previously Reported [Member]
Revenues:
Revenues		16,097		47,121
Cost of revenues:
Cost of revenues		5,567		15,898
Other [Member]
Revenues:
Revenues	19,667	16,725	55,042	46,568
Cost of revenues:
Cost of revenues	19,752	16,024	54,795	46,743
Gross profit	(85)	701	247	(175)
Other [Member] | As Previously Reported [Member]
Revenues:
Revenues		18,496		51,764
Other [Member] | Accounting Standards Update 2014-09 [Member]
Revenues:
Revenues	$ 14,044		$ 39,477
Other [Member] | Accounting Standards Update 2014-09 [Member] | As Previously Reported [Member]
Revenues:
Revenues		18,496		51,764
Cost of revenues:
Cost of revenues		17,476		50,782
Other [Member] | Accounting Standards Update 2014-09 [Member] | Adjustments [Member]
Revenues:
Revenues		(1,771)		(5,196)
Cost of revenues:
Cost of revenues		$ (1,452)		$ (4,039)

Significant Accounting Polici_5

Significant Accounting Policies - Summary of Revenue by Type and by Applicable Accounting Standard (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues:
Revenues	$ 322,141	$ 259,162	$ 892,987	$ 735,353
Effect Before Topic 606 [Member]
Revenues:
Revenues		259,162		735,353
Topic 840 [Member]
Revenues:
Revenues	161,463	129,871	443,680	362,655
Topic 606 [Member]
Revenues:
Revenues	160,678		449,307
Topic 606 [Member] | Effect Before Topic 606 [Member]
Revenues:
Revenues		259,162		735,353
Topic 605 [Member]
Revenues:
Revenues		129,291		372,698
Operating Segments [Member]
Revenues:
Revenues	302,474	242,437	837,945	688,785
Operating Segments [Member] | Equipment Rentals [Member]
Revenues:
Revenues	156,037	125,616	429,227	351,303
Operating Segments [Member] | Equipment Rentals [Member] | Effect Before Topic 606 [Member]
Revenues:
Revenues		125,616		351,303
Operating Segments [Member] | Equipment Rentals [Member] | Topic 840 [Member]
Revenues:
Revenues	155,840	125,071	428,115	349,704
Operating Segments [Member] | Equipment Rentals [Member] | Topic 606 [Member]
Revenues:
Revenues	197		1,112
Operating Segments [Member] | Equipment Rentals [Member] | Topic 606 [Member] | Effect Before Topic 606 [Member]
Revenues:
Revenues		125,616		351,303
Operating Segments [Member] | Equipment Rentals [Member] | Topic 605 [Member]
Revenues:
Revenues		545		1,599
Operating Segments [Member] | New Equipment Sales [Member]
Revenues:
Revenues	68,233	48,940	183,265	128,883
Operating Segments [Member] | New Equipment Sales [Member] | Effect Before Topic 606 [Member]
Revenues:
Revenues		48,940		128,883
Operating Segments [Member] | New Equipment Sales [Member] | Topic 606 [Member]
Revenues:
Revenues	68,233		183,265
Operating Segments [Member] | New Equipment Sales [Member] | Topic 606 [Member] | Effect Before Topic 606 [Member]
Revenues:
Revenues		48,940		128,883
Operating Segments [Member] | New Equipment Sales [Member] | Topic 605 [Member]
Revenues:
Revenues		48,940		128,883
Operating Segments [Member] | Used Equipment Sales [Member]
Revenues:
Revenues	30,294	22,250	87,287	75,219
Operating Segments [Member] | Used Equipment Sales [Member] | Effect Before Topic 606 [Member]
Revenues:
Revenues		22,250		75,219
Operating Segments [Member] | Used Equipment Sales [Member] | Topic 606 [Member]
Revenues:
Revenues	30,294		87,287
Operating Segments [Member] | Used Equipment Sales [Member] | Topic 606 [Member] | Effect Before Topic 606 [Member]
Revenues:
Revenues		22,250		75,219
Operating Segments [Member] | Used Equipment Sales [Member] | Topic 605 [Member]
Revenues:
Revenues		22,250		75,219
Operating Segments [Member] | Parts Sales [Member]
Revenues:
Revenues	31,484	29,534	89,916	86,259
Operating Segments [Member] | Parts Sales [Member] | Effect Before Topic 606 [Member]
Revenues:
Revenues		27,763		81,063
Operating Segments [Member] | Parts Sales [Member] | Topic 606 [Member]
Revenues:
Revenues	31,484		89,916
Operating Segments [Member] | Parts Sales [Member] | Topic 606 [Member] | Effect Before Topic 606 [Member]
Revenues:
Revenues		27,763		81,063
Operating Segments [Member] | Parts Sales [Member] | Topic 605 [Member]
Revenues:
Revenues		27,763		81,063
Operating Segments [Member] | Parts and Services [Member]
Revenues:
Revenues	16,426		48,250
Operating Segments [Member] | Parts and Services [Member] | Effect Before Topic 606 [Member]
Revenues:
Revenues		16,097		47,121
Operating Segments [Member] | Parts and Services [Member] | Topic 606 [Member]
Revenues:
Revenues	16,426		48,250
Operating Segments [Member] | Parts and Services [Member] | Topic 605 [Member]
Revenues:
Revenues		16,097		47,121
Other [Member]
Revenues:
Revenues	19,667	16,725	55,042	46,568
Other [Member] | Effect Before Topic 606 [Member]
Revenues:
Revenues		18,496		51,764
Other [Member] | Topic 840 [Member]
Revenues:
Revenues	5,623	4,800	15,565	12,951
Other [Member] | Topic 606 [Member]
Revenues:
Revenues	$ 14,044		$ 39,477
Other [Member] | Topic 606 [Member] | Effect Before Topic 606 [Member]
Revenues:
Revenues		18,496		51,764
Other [Member] | Topic 605 [Member]
Revenues:
Revenues		$ 13,696		$ 38,813

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ / shares in Units, $ in Thousands	Apr. 01, 2018USD ($)BranchEmployee	Jan. 01, 2018USD ($)BranchEmployee	Sep. 30, 2018USD ($)Location$ / shares	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)Location$ / shares	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)	Mar. 31, 2018USD ($)
Business Acquisition [Line Items]
Number of branches located | Location			12		12
Total revenues			$ 322,141	$ 259,162	$ 892,987	$ 735,353
Net income			21,314	$ 8,462	51,563	$ 23,730
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			8,900		30,300
Net income			$ 1,200		$ 3,900
Net income per share | $ / shares			$ 0.03		$ 0.11
Rental Inc [Member]
Business Acquisition [Line Items]
Business acquisition, completion date	Apr. 1, 2018
Number of branches located | Branch	5
Number of employees | Employee	65
Business combination, rental assets at original equipment cost								$ 35,000
Aggregate consideration paid to the owners	$ 68,600
Acquisition costs	$ 200
Total revenues			$ 7,000		$ 14,700
Net income			$ 800		$ 900
Net income per share | $ / shares			$ 0.02		$ 0.02

Acquisitions - Summary of Estim

Acquisitions - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Apr. 01, 2018	Jan. 01, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Goodwill	$ 105,843			$ 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			21,500
Total identifiable assets acquired			89,197
Accounts payable			(1,023)
Accrued expenses payable and other liabilities			(876)
Total liabilities assumed			(1,899)
Net identifiable assets acquired			87,298
Goodwill			45,092
Net assets acquired			$ 132,390
Rental Inc [Member]
Business Acquisition [Line Items]
Cash		$ 260
Accounts receivable, net of allowance for doubtful accounts		2,873
Inventory		5,324
Prepaid expenses and other assets		47
Rental equipment		22,578
Property and equipment		1,935
Intangible assets		10,200
Total identifiable assets acquired		43,217
Accounts payable		(439)
Manufacturer flooring plans payable		(3,293)
Accrued expenses payable and other liabilities		(469)
Total liabilities assumed		(4,201)
Net identifiable assets acquired		39,016
Goodwill		29,554
Net assets acquired		$ 68,570

Acquisitions - Summary of Est_2

Acquisitions - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Parenthetical) (Detail) $ in Thousands	Apr. 01, 2018USD ($)ReportingUnit	Jan. 01, 2018USD ($)ReportingUnit	Sep. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Business Acquisition [Line Items]
Goodwill			$ 105,843	$ 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)		21,500
Goodwill		$ 45,092
Number of goodwill reporting units | ReportingUnit		6
Percentage of goodwill deductible for income tax purposes		100.00%
CEC [Member] | Rental Component 1 [Member]
Business Acquisition [Line Items]
Goodwill		$ 25,233
CEC [Member] | Rental Component 2 [Member]
Business Acquisition [Line Items]
Goodwill		18,391
CEC [Member] | New Equipment [Member]
Business Acquisition [Line Items]
Goodwill		217
CEC [Member] | Used Equipment [Member]
Business Acquisition [Line Items]
Goodwill		632
CEC [Member] | Parts [Member]
Business Acquisition [Line Items]
Goodwill		379
CEC [Member] | Service [Member]
Business Acquisition [Line Items]
Goodwill		240
CEC [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)		$ 21,000
Life (years)		10 years
CEC [Member] | Tradenames [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)		$ 300
Life (years)		1 year
CEC [Member] | Leasehold Interests [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)		$ 200
Life (years)		10 years
Rental Inc [Member]
Business Acquisition [Line Items]
Fair value of accounts receivables	$ 2,873
Fair value of accounts receivables, gross contractual amount	3,100
Fair Value (amounts in thousands)	10,200
Goodwill	$ 29,554
Number of goodwill reporting units | ReportingUnit	6
Percentage of goodwill deductible for income tax purposes	100.00%
Rental Inc [Member] | Rental Component 1 [Member]
Business Acquisition [Line Items]
Goodwill	$ 9,064
Rental Inc [Member] | Rental Component 2 [Member]
Business Acquisition [Line Items]
Goodwill	5,445
Rental Inc [Member] | New Equipment [Member]
Business Acquisition [Line Items]
Goodwill	10,217
Rental Inc [Member] | Used Equipment [Member]
Business Acquisition [Line Items]
Goodwill	1,692
Rental Inc [Member] | Parts [Member]
Business Acquisition [Line Items]
Goodwill	2,171
Rental Inc [Member] | Service [Member]
Business Acquisition [Line Items]
Goodwill	964
Rental Inc [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)	$ 10,000
Life (years)	10 years
Rental Inc [Member] | Tradenames [Member]
Business Acquisition [Line Items]
Fair Value (amounts in thousands)	$ 200
Life (years)	1 year

Acquisitions - Unaudited Pro Fo

Acquisitions - Unaudited Pro Forma Consolidated Statements of Income Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Business Acquisition [Line Items]
Total revenues	$ 322,141	$ 259,162	$ 892,987	$ 735,353
Pretax income	28,971	7,577	69,908	31,775
Provision (benefit) for income taxes	7,657	(885)	18,345	8,045
Net income	$ 21,314	$ 8,462	$ 51,563	$ 23,730
Basic	$ 0.60	$ 0.24	$ 1.45	$ 0.67
Diluted	$ 0.59	$ 0.24	$ 1.44	$ 0.67
Pro forma adjustments to pretax income:
Total revenues		$ 277,595	$ 900,395	$ 787,540
Pretax income		11,863	70,928	43,108
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation		(1,536)	(749)	(4,629)
Intangible asset amortization		(905)	(250)	(2,415)
Interest expense		(451)	(480)	(1,226)
Elimination of historic interest expense		515	82	1,517
Pro forma pretax income (loss)		9,486	69,531	36,355
Income tax expense (benefit)		(1,099)	18,245	9,213
Net income (loss)		$ 10,585	$ 51,286	$ 27,142
Net income (loss) per share – basic		$ 0.30	$ 1.44	$ 0.76
Net income (loss) per share - diluted		$ 0.30	$ 1.43	$ 0.76
CEC [Member]
Business Acquisition [Line Items]
Total revenues	$ 8,900		$ 30,300
Net income	1,200		3,900
Total revenues		$ 9,186		$ 25,715
Pretax income		2,133		5,022
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation		(823)		(2,535)
Intangible asset amortization		(605)		(1,815)
Elimination of historic interest expense		425		1,225
Pro forma pretax income (loss)		1,130		1,897
Income tax expense (benefit)		(127)		484
Net income (loss)		$ 1,257		$ 1,413
Net income (loss) per share – basic		$ 0.04		$ 0.04
Net income (loss) per share - diluted		$ 0.04		$ 0.04
Rental Inc [Member]
Business Acquisition [Line Items]
Total revenues	7,000		14,700
Net income	$ 800		900
Total revenues		$ 9,247	7,408	$ 26,472
Pretax income		2,153	1,020	6,311
Pro forma adjustments to pretax income:
Impact of fair value mark-ups/useful life changes on depreciation		(713)	(749)	(2,094)
Intangible asset amortization		(300)	(250)	(600)
Interest expense		(451)	(480)	(1,226)
Elimination of historic interest expense		90	82	292
Pro forma pretax income (loss)		779	(377)	2,683
Income tax expense (benefit)		(87)	(100)	684
Net income (loss)		$ 866	$ (277)	$ 1,999
Net income (loss) per share – basic		$ 0.02	$ (0.01)	$ 0.06
Net income (loss) per share - diluted		$ 0.02	$ (0.01)	$ 0.06

Acquisitions - Unaudited Pro _2

Acquisitions - Unaudited Pro Forma Consolidated Statements of Income Information (Detail) (Parenthetical)	Apr. 01, 2018
Rental Inc [Member]
Business Acquisition [Line Items]
Business acquisition, completion date	Apr. 1, 2018

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements (Detail) - USD ($) $ in Thousands	Sep. 30, 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)	$ 26,472	$ 22,002
Senior unsecured notes with interest computedat 5.625%		944,088
Capital leases payable (Level 3)	778	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)	22,544	18,737
Senior unsecured notes with interest computedat 5.625%		619,019
Capital leases payable (Level 3)	651	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 computedat 5.625%	950,000
Level 1 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes with interest computedat 5.625%	$ 947,625

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Estimated Incremental Borrowing Rates for Similar Types of Borrowing Arrangements (Parenthetical) (Detail)	Sep. 30, 2018	Dec. 31, 2017
Level 3 [Member] | Carrying Amount [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable, interest rate	4.50%	4.50%
Senior unsecured notes, interest rate		5.625%
Capital lease payable, interest rate	5.929%
Capital lease payable, interest rate, minimum		5.929%
Capital lease payable interest rate, maximum		9.55%
Level 3 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Manufacturer flooring plans payable, interest rate	4.50%	4.50%
Senior unsecured notes, interest rate		5.625%
Capital lease payable, interest rate	5.929%
Capital lease payable, interest rate, minimum		5.929%
Capital lease payable interest rate, maximum		9.55%
Level 1 [Member] | Carrying Amount [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes, interest rate	5.625%
Level 1 [Member] | Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Senior unsecured notes, interest rate	5.625%

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Transfer of financial assets	$ 0	$ 0	$ 0	$ 0
Transfer of financial liabilities	$ 0	$ 0	$ 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		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Schedule of Capitalization, Equity [Line Items]
Balances at December 31, 2017			$ 216,793
Balances at December 31, 2017, shares			39,623,773
Stock-based compensation			$ 2,998
Cash dividends declared on common stock ($0.825 per share)			(29,514)
Issuance of common stock, net of forfeitures			(109)
Repurchase of 36,929 shares of restricted common stock			(1,323)
Net income	$ 21,314	$ 8,462	51,563	$ 23,730
Balances at September 30, 2018	$ 240,408		$ 240,408
Balances at September 30, 2018, shares	39,749,549		39,749,549
Common Stock [Member]
Schedule of Capitalization, Equity [Line Items]
Balances at December 31, 2017			$ 395
Balances at December 31, 2017, shares			39,623,773
Issuance of common stock, net of forfeitures			$ 1
Issuance of common stock, net of forfeitures, shares			125,776
Balances at September 30, 2018	$ 396		$ 396
Balances at September 30, 2018, shares	39,749,549		39,749,549
Additional Paid-in Capital [Member]
Schedule of Capitalization, Equity [Line Items]
Balances at December 31, 2017			$ 227,070
Stock-based compensation			2,998
Issuance of common stock, net of forfeitures			(110)
Balances at September 30, 2018	$ 229,958		229,958
Treasury Stock [Member]
Schedule of Capitalization, Equity [Line Items]
Balances at December 31, 2017			(61,749)
Repurchase of 36,929 shares of restricted common stock			(1,323)
Balances at September 30, 2018	(63,072)		(63,072)
Retained Earnings [Member]
Schedule of Capitalization, Equity [Line Items]
Balances at December 31, 2017			51,077
Cash dividends declared on common stock ($0.825 per share)			(29,514)
Net income			51,563
Balances at September 30, 2018	$ 73,126		$ 73,126

Stockholders' Equity - Summar_2

Stockholders' Equity - Summary of Activity in Stockholders' Equity (Parenthetical) (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Schedule of Capitalization, Equity [Line Items]
Cash dividends declared on common stock, per share	$ 0.275	$ 0.275	$ 0.825	$ 0.825
Repurchase of restricted common stock, shares			36,929
Retained Earnings [Member]
Schedule of Capitalization, Equity [Line Items]
Cash dividends declared on common stock, per share			$ 0.825

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense related to non-vested stock | $	$ 6.6
Expected non-vested stock recognized over a weighted-average period	2 years 2 months 12 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	1,733,999

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Non-Vested Stock Activity (Detail)	9 Months Ended
	Sep. 30, 2018$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Non-vested stock at December 31, 2017, Number of Shares | shares	445,964
Granted, Number of Shares | shares	143,121
Vested, Number of Shares | shares	(178,212)
Forfeited, Number of Shares | shares	(27,345)
Non-vested stock at September 30, 2018, Number of Shares | shares	383,528
Non-vested stock at December 31, 2017, Weighted Average Grant Date Fair Value | $ / shares	$ 19.70
Granted, Weighted Average Grant Date Fair Value | $ / shares	37.10
Vested, Weighted Average Grant Date Fair Value | $ / shares	20.53
Forfeited, Weighted Average Grant Date Fair Value | $ / shares	19.39
Non-vested stock at September 30, 2018, Weighted Average Grant Date Fair Value | $ / shares	$ 25.83

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Compensation Expense Related to Non-Vested Stock (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Compensation expense	$ 917	$ 720	$ 2,998	$ 2,614

Income per Share - Additional I

Income per Share - Additional Information (Detail)	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Restricted common shares, percentage	0.70%	0.70%

Income per Share - Summary of C

Income per Share - Summary of Computation of Basic and Diluted Net Income Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Basic net income per share:
Net income	$ 21,314	$ 8,462	$ 51,563	$ 23,730
Weighted average number of common shares outstanding	35,719	35,543	35,649	35,494
Net income per share of common stock – basic	$ 0.60	$ 0.24	$ 1.45	$ 0.67
Diluted net income per share:
Net income	$ 21,314	$ 8,462	$ 51,563	$ 23,730
Weighted average number of common shares outstanding	35,719	35,543	35,649	35,494
Effect of dilutive securities:
Weighted average number of common shares outstanding – diluted	35,926	35,715	35,904	35,656
Net income per share of common stock – diluted	$ 0.59	$ 0.24	$ 1.44	$ 0.67
Non-vested restricted stock [Member]
Effect of dilutive securities:
Effect of dilutive stock options and non-vested restricted stock	207	172	255	162
Common shares excluded from the denominator as anti-dilutive:
Common shares excluded from the denominator as anti-dilutive	21		7

Senior Secured Credit Facility

Senior Secured Credit Facility - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2018	Oct. 18, 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	$ 219,000,000
Available borrowings under our senior secured credit facility	$ 523,300,000
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		$ 532,400,000
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	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Estimated offering expenses				$ 3,188,000	$ 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%
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%
Maturity date of notes			Sep. 1, 2025
Debt instrument, Payment terms			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).
Debt Instrument, Redemption description			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.
5.6250% Senior Notes [Member] | Maximum [Member] | Before September 1, 2020 [Member]
Debt Instrument [Line Items]
Percentage of principal amount of new notes may 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	4 Months Ended	8 Months Ended	9 Months Ended		12 Months Ended
	Dec. 31, 2017	Aug. 24, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Debt Instrument [Line Items]
Senior unsecured notes, beginning balance			$ 944,088
Amortization of deferred financing costs			819	$ 785
Senior unsecured notes, ending balance	$ 944,088		944,584		$ 944,088
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Senior unsecured notes, beginning balance		$ 627,711	944,088	$ 627,711	627,711
Accretion of discount			1,154
Amortization of note premium			(797)
Amortization of deferred financing costs		153	236
Senior unsecured notes, ending balance	944,088		944,584		944,088
Senior Unsecured Notes [Member] | 7% Senior Notes [Member]
Debt Instrument [Line Items]
Accretion of discount		683
Amortization of note premium		$ (574)
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)
Amortization of deferred financing costs	$ 105
Additional deferred financing costs			$ (97)

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2018Customer	Sep. 30, 2017Customer	Sep. 30, 2018CustomerSegment	Sep. 30, 2017Customer
Segment Reporting [Abstract]
Number of reportable segment | Segment			5
Sales to international customers	0.10%	0.10%	0.20%	0.30%
Customer accounted for more than 10% of revenue | Customer	0	0	0	0

Segment Information - Schedule

Segment Information - Schedule of Information about Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Segment Revenues:
Revenues	$ 322,141	$ 259,162	$ 892,987	$ 735,353
Segment Gross Profit:
Total gross profit	114,730	94,026	315,418	259,038
Segment identified assets:
Total assets	1,723,976		1,723,976		$ 1,467,717
Operating Segments [Member]
Segment Revenues:
Revenues	302,474	242,437	837,945	688,785
Segment Gross Profit:
Total gross profit	114,815	93,325	315,171	259,213
Segment identified assets:
Total assets	1,266,496		1,266,496		979,828
Operating Segments [Member] | Equipment Rentals [Member]
Segment Revenues:
Revenues	156,037	125,616	429,227	351,303
Segment Gross Profit:
Total gross profit	78,041	62,373	210,246	166,783
Segment identified assets:
Total assets	1,153,244		1,153,244		904,824
Operating Segments [Member] | New Equipment Sales [Member]
Segment Revenues:
Revenues	68,233	48,940	183,265	128,883
Segment Gross Profit:
Total gross profit	7,839	5,331	20,800	14,443
Operating Segments [Member] | Used Equipment Sales [Member]
Segment Revenues:
Revenues	30,294	22,250	87,287	75,219
Segment Gross Profit:
Total gross profit	9,782	7,134	28,066	23,240
Segment identified assets:
Total assets	93,860		93,860		58,125
Operating Segments [Member] | Parts Sales [Member]
Segment Revenues:
Revenues	31,484	29,534	89,916	86,259
Segment Gross Profit:
Total gross profit	8,355	7,957	24,239	23,524
Operating Segments [Member] | Services Revenues [Member]
Segment Revenues:
Revenues	16,426	16,097	48,250	47,121
Segment Gross Profit:
Total gross profit	10,798	10,530	31,820	31,223
Operating Segments [Member] | Parts and Services [Member]
Segment Revenues:
Revenues	16,426		48,250
Segment identified assets:
Total assets	19,392		19,392		16,879
Non-Segmented [Member]
Segment Revenues:
Revenues	19,667	16,725	55,042	46,568
Segment Gross Profit:
Total gross profit	(85)	$ 701	247	$ (175)
Segment identified assets:
Total assets	$ 457,480		$ 457,480		$ 487,889

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Assets:
Cash	$ 5,088	$ 165,878
Receivables, net	191,305	176,081
Inventories, net	113,252	75,004
Prepaid expenses and other assets	9,368	9,172
Rental equipment, net	1,153,244	904,824
Property and equipment, net	113,403	101,789
Deferred financing costs, net	3,188	3,772
Intangible assets, net	29,285
Goodwill	105,843	31,197
Total assets	1,723,976	1,467,717
Liabilities and Stockholders’ Equity:
Amounts due on senior secured credit facility	219,018
Accounts payable	84,765	89,781
Manufacturer flooring plans payable	26,472	22,002
Accrued expenses payable and other liabilities	61,591	65,095
Dividends payable	104	150
Senior unsecured notes	944,584	944,088
Capital leases payable	778	1,486
Deferred income taxes	144,288	126,419
Deferred compensation payable	1,968	1,903
Total liabilities	1,483,568	1,250,924
Stockholders’ equity	240,408	216,793
Total liabilities and stockholders’ equity	1,723,976	1,467,717
H & E Equipment Services [Member]
Assets:
Cash	5,088	165,878
Receivables, net	152,395	138,657
Inventories, net	97,099	63,828
Prepaid expenses and other assets	9,228	9,030
Rental equipment, net	989,228	760,972
Property and equipment, net	96,063	89,952
Deferred financing costs, net	3,188	3,772
Investment in guarantor subsidiaries	259,298	222,217
Intangible assets, net	29,285
Goodwill	76,317	1,671
Total assets	1,717,189	1,455,977
Liabilities and Stockholders’ Equity:
Amounts due on senior secured credit facility	219,018
Accounts payable	77,385	78,811
Manufacturer flooring plans payable	25,833	20,300
Accrued expenses payable and other liabilities	63,550	67,466
Dividends payable	155	197
Senior unsecured notes	944,584	944,088
Deferred income taxes	144,288	126,419
Deferred compensation payable	1,968	1,903
Total liabilities	1,476,781	1,239,184
Stockholders’ equity	240,408	216,793
Total liabilities and stockholders’ equity	1,717,189	1,455,977
Guarantor Subsidiaries [Member]
Assets:
Receivables, net	38,910	37,424
Inventories, net	16,153	11,176
Prepaid expenses and other assets	140	142
Rental equipment, net	164,016	143,852
Property and equipment, net	17,340	11,837
Goodwill	29,526	29,526
Total assets	266,085	233,957
Liabilities and Stockholders’ Equity:
Accounts payable	7,380	10,970
Manufacturer flooring plans payable	639	1,702
Accrued expenses payable and other liabilities	(1,959)	(2,371)
Dividends payable	(51)	(47)
Capital leases payable	778	1,486
Total liabilities	6,787	11,740
Stockholders’ equity	259,298	222,217
Total liabilities and stockholders’ equity	266,085	233,957
Elimination [Member]
Assets:
Investment in guarantor subsidiaries	(259,298)	(222,217)
Total assets	(259,298)	(222,217)
Liabilities and Stockholders’ Equity:
Stockholders’ equity	(259,298)	(222,217)
Total liabilities and stockholders’ equity	$ (259,298)	$ (222,217)

Condensed Consolidating Finan_4

Condensed Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Statement of Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues:
Revenues	$ 322,141	$ 259,162	$ 892,987	$ 735,353
Cost of revenues:
Cost of revenues	207,411	165,136	577,569	476,315
Gross profit (loss):
Gross profit	114,730	94,026	315,418	259,038
Selling, general and administrative expenses	70,346	55,203	205,272	172,328
Merger costs (net of merger breakup fee proceeds)	219	(6,506)	439	(6,506)
Gain on sales of property and equipment, net	1,153	2,325	6,040	4,431
Income from operations	45,318	47,654	115,747	97,647
Other income (expense):
Interest expense	(16,715)	(15,060)	(47,061)	(41,665)
Other, net	368	346	1,222	1,156
Total other expense, net	(16,347)	(40,077)	(45,839)	(65,872)
Loss on early extinguishment of debt		(25,363)		(25,363)
Income before provision (benefit) for income taxes	28,971	7,577	69,908	31,775
Income tax expense	7,657	(885)	18,345	8,045
Net income	21,314	8,462	51,563	23,730
Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	55,060	43,255	152,700	125,996
Rental Expense [Member]
Cost of revenues:
Cost of revenues	22,936	19,988	66,281	58,524
Operating Segments [Member]
Revenues:
Revenues	302,474	242,437	837,945	688,785
Gross profit (loss):
Gross profit	114,815	93,325	315,171	259,213
Other [Member]
Revenues:
Revenues	19,667	16,725	55,042	46,568
Cost of revenues:
Cost of revenues	19,752	16,024	54,795	46,743
Gross profit (loss):
Gross profit	(85)	701	247	(175)
Elimination [Member]
Gross profit (loss):
Equity in earnings of guarantor subsidiaries	(4,535)	(6,160)	(7,482)	(11,141)
Income from operations	(4,535)	(6,160)	(7,482)	(11,141)
Other income (expense):
Income before provision (benefit) for income taxes	(4,535)	(6,160)	(7,482)	(11,141)
Net income	(4,535)	(6,160)	(7,482)	(11,141)
H & E Equipment Services [Member]
Revenues:
Revenues	263,348	212,108	746,542	607,099
Cost of revenues:
Cost of revenues	167,030	135,389	479,156	395,441
Gross profit (loss):
Gross profit	96,318	76,719	267,386	211,658
Selling, general and administrative expenses	58,938	44,408	171,683	140,522
Merger costs (net of merger breakup fee proceeds)	219	(6,506)	439	(6,506)
Equity in earnings of guarantor subsidiaries	4,535	6,160	7,482	11,141
Gain on sales of property and equipment, net	1,017	342	5,754	1,971
Income from operations	42,713	45,319	108,500	90,754
Other income (expense):
Interest expense	(14,073)	(12,665)	(39,669)	(34,522)
Other, net	331	286	1,077	906
Total other expense, net	(13,742)	(37,742)	(38,592)	(58,979)
Loss on early extinguishment of debt		(25,363)		(25,363)
Income before provision (benefit) for income taxes	28,971	7,577	69,908	31,775
Income tax expense	7,657	(885)	18,345	8,045
Net income	21,314	8,462	51,563	23,730
H & E Equipment Services [Member] | Other [Member]
Revenues:
Revenues	16,494	13,625	46,214	37,966
Cost of revenues:
Cost of revenues	16,570	13,229	45,815	38,049
Gross profit (loss):
Gross profit	(76)	396	399	(312)
Guarantor Subsidiaries [Member]
Revenues:
Revenues	58,793	47,054	146,445	128,254
Cost of revenues:
Cost of revenues	40,381	29,747	98,413	80,874
Gross profit (loss):
Gross profit	18,412	17,307	48,032	47,380
Selling, general and administrative expenses	11,408	10,795	33,589	31,806
Gain on sales of property and equipment, net	136	1,983	286	2,460
Income from operations	7,140	8,495	14,729	18,034
Other income (expense):
Interest expense	(2,642)	(2,395)	(7,392)	(7,143)
Other, net	37	60	145	250
Total other expense, net	(2,605)	(2,335)	(7,247)	(6,893)
Income before provision (benefit) for income taxes	4,535	6,160	7,482	11,141
Net income	4,535	6,160	7,482	11,141
Guarantor Subsidiaries [Member] | Other [Member]
Revenues:
Revenues	3,173	3,100	8,828	8,602
Cost of revenues:
Cost of revenues	3,182	2,795	8,980	8,694
Gross profit (loss):
Gross profit	(9)	305	(152)	137
Equipment Rentals [Member] | Operating Segments [Member]
Revenues:
Revenues	156,037	125,616	429,227	351,303
Gross profit (loss):
Gross profit	78,041	62,373	210,246	166,783
Equipment Rentals [Member] | Operating Segments [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	55,060	43,255	152,700	125,996
Equipment Rentals [Member] | Operating Segments [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	22,936	19,988	66,281	58,524
Equipment Rentals [Member] | H & E Equipment Services [Member] | Operating Segments [Member]
Revenues:
Revenues	133,023	103,618	367,314	288,610
Gross profit (loss):
Gross profit	66,354	51,102	180,011	135,826
Equipment Rentals [Member] | H & E Equipment Services [Member] | Operating Segments [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	47,142	35,886	130,650	104,177
Equipment Rentals [Member] | H & E Equipment Services [Member] | Operating Segments [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	19,527	16,630	56,653	48,607
Equipment Rentals [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member]
Revenues:
Revenues	23,014	21,998	61,913	62,693
Gross profit (loss):
Gross profit	11,687	11,271	30,235	30,957
Equipment Rentals [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member] | Rental Depreciation [Member]
Cost of revenues:
Cost of revenues	7,918	7,369	22,050	21,819
Equipment Rentals [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member] | Rental Expense [Member]
Cost of revenues:
Cost of revenues	3,409	3,358	9,628	9,917
New Equipment Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	68,233	48,940	183,265	128,883
Cost of revenues:
Cost of revenues	60,394	43,609	162,465	114,440
Gross profit (loss):
Gross profit	7,839	5,331	20,800	14,443
New Equipment Sales [Member] | H & E Equipment Services [Member] | Operating Segments [Member]
Revenues:
Revenues	48,861	38,132	144,462	106,626
Cost of revenues:
Cost of revenues	43,187	33,933	127,982	94,617
Gross profit (loss):
Gross profit	5,674	4,199	16,480	12,009
New Equipment Sales [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member]
Revenues:
Revenues	19,372	10,808	38,803	22,257
Cost of revenues:
Cost of revenues	17,207	9,676	34,483	19,823
Gross profit (loss):
Gross profit	2,165	1,132	4,320	2,434
Used Equipment Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	30,294	22,250	87,287	75,219
Cost of revenues:
Cost of revenues	20,512	15,116	59,221	51,979
Gross profit (loss):
Gross profit	9,782	7,134	28,066	23,240
Used Equipment Sales [Member] | H & E Equipment Services [Member] | Operating Segments [Member]
Revenues:
Revenues	23,868	17,818	70,256	60,292
Cost of revenues:
Cost of revenues	15,692	12,288	47,084	42,442
Gross profit (loss):
Gross profit	8,176	5,530	23,172	17,850
Used Equipment Sales [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member]
Revenues:
Revenues	6,426	4,432	17,031	14,927
Cost of revenues:
Cost of revenues	4,820	2,828	12,137	9,537
Gross profit (loss):
Gross profit	1,606	1,604	4,894	5,390
Parts Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	31,484	29,534	89,916	86,259
Cost of revenues:
Cost of revenues	23,129	21,577	65,677	62,735
Gross profit (loss):
Gross profit	8,355	7,957	24,239	23,524
Parts Sales [Member] | H & E Equipment Services [Member] | Operating Segments [Member]
Revenues:
Revenues	27,054	25,356	77,488	73,955
Cost of revenues:
Cost of revenues	20,029	18,648	56,972	54,085
Gross profit (loss):
Gross profit	7,025	6,708	20,516	20,099
Parts Sales [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member]
Revenues:
Revenues	4,430	4,178	12,428	12,304
Cost of revenues:
Cost of revenues	3,100	2,929	8,705	8,650
Gross profit (loss):
Gross profit	1,330	1,249	3,723	3,425
Services Revenues [Member] | Operating Segments [Member]
Revenues:
Revenues	16,426	16,097	48,250	47,121
Cost of revenues:
Cost of revenues	5,628	5,567	16,430	15,898
Gross profit (loss):
Gross profit	10,798	10,530	31,820	31,223
Services Revenues [Member] | H & E Equipment Services [Member] | Operating Segments [Member]
Revenues:
Revenues	14,048	13,559	40,808	39,650
Cost of revenues:
Cost of revenues	4,883	4,775	14,000	13,464
Gross profit (loss):
Gross profit	9,165	8,784	26,808	26,186
Services Revenues [Member] | Guarantor Subsidiaries [Member] | Operating Segments [Member]
Revenues:
Revenues	2,378	2,538	7,442	7,471
Cost of revenues:
Cost of revenues	745	792	2,430	2,434
Gross profit (loss):
Gross profit	$ 1,633	$ 1,746	$ 5,012	$ 5,037

Condensed Consolidating Finan_5

Condensed Consolidating Financial Information of Guarantor Subsidiaries - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net income			$ 51,563	$ 23,730
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment			18,367	18,092
Depreciation of rental equipment			152,700	125,996
Amortization of intangible assets			2,415
Amortization of deferred financing costs			819	785
Accretion of note discount, net of premium amortization			357	239
Provision for losses on accounts receivable			2,056	3,048
Provision for inventory obsolescence			74	151
Change in deferred income taxes			17,869	7,752
Stock-based compensation expense			2,998	2,614
Loss on early extinguishment of debt		$ 25,363		25,363
Gain from sales of property and equipment, net	$ (1,153)	(2,325)	(6,040)	(4,431)
Gain from sales of rental equipment, net			(27,641)	(22,196)
Changes in operating assets and liabilities, net of acquisitions:
Receivables			(6,825)	(15,811)
Inventories			(56,355)	(38,930)
Prepaid expenses and other assets			175	(1,606)
Accounts payable			(10,081)	42,122
Manufacturer flooring plans payable			4,470	(7,494)
Accrued expenses payable and other liabilities			(8,961)	(3,075)
Deferred compensation payable			65	44
Net cash provided by operating activities			138,025	156,393
Cash flows from investing activities:
Acquisition of business, net of cash acquired			(196,027)
Purchases of property and equipment			(27,038)	(16,002)
Purchases of rental equipment			(350,646)	(183,754)
Proceeds from sales of property and equipment			7,958	6,765
Proceeds from sales of rental equipment			78,947	66,316
Net cash used in investing activities			(486,806)	(126,675)
Cash flows from financing activities:
Purchases of treasury stock			(1,323)	(753)
Borrowings on senior secured credit facility			1,142,811	732,840
Payments on senior secured credit facility			(923,793)	(818,285)
Dividends paid			(29,447)	(29,369)
Principal payments on senior unsecured notes due 2022				(630,000)
Costs paid to tender and redeem senior unsecured notes due 2022				(23,336)
Proceeds from issuance of senior unsecured notes due 2025				750,000
Payment of deferred financing costs			(97)	(12,152)
Payments on capital lease obligations			(160)	(162)
Net cash provided by (used in) financing activities			187,991	(31,217)
Net decrease in cash			(160,790)	(1,499)
Cash, beginning of period			165,878	7,683
Cash, end of period	5,088	6,184	5,088	6,184
H & E Equipment Services [Member]
Cash flows from operating activities:
Net income			51,563	23,730
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment			16,106	15,778
Depreciation of rental equipment			130,650	104,177
Amortization of intangible assets			2,415
Amortization of deferred financing costs			819	785
Accretion of note discount, net of premium amortization			357	239
Provision for losses on accounts receivable			1,474	2,336
Provision for inventory obsolescence			74	151
Change in deferred income taxes			17,869	7,752
Stock-based compensation expense			2,998	2,614
Loss on early extinguishment of debt		25,363		25,363
Gain from sales of property and equipment, net	(1,017)	(342)	(5,754)	(1,971)
Gain from sales of rental equipment, net			(23,017)	(16,852)
Equity in earnings of guarantor subsidiaries	(4,535)	(6,160)	(7,482)	(11,141)
Changes in operating assets and liabilities, net of acquisitions:
Receivables			(4,757)	(14,510)
Inventories			(47,356)	(32,279)
Prepaid expenses and other assets			173	(1,592)
Accounts payable			(6,491)	41,670
Manufacturer flooring plans payable			5,533	(9,196)
Accrued expenses payable and other liabilities			(8,665)	(4,711)
Deferred compensation payable			65	44
Net cash provided by operating activities			126,574	132,387
Cash flows from investing activities:
Acquisition of business, net of cash acquired			(196,027)
Purchases of property and equipment			(19,274)	(14,618)
Purchases of rental equipment			(302,878)	(154,057)
Proceeds from sales of property and equipment			7,672	2,914
Proceeds from sales of rental equipment			64,747	51,699
Investment in subsidiaries			(29,599)	11,225
Net cash used in investing activities			(475,359)	(102,837)
Cash flows from financing activities:
Purchases of treasury stock			(1,323)	(753)
Borrowings on senior secured credit facility			1,142,811	732,840
Payments on senior secured credit facility			(923,793)	(818,285)
Dividends paid			(29,443)	(29,363)
Principal payments on senior unsecured notes due 2022				(630,000)
Costs paid to tender and redeem senior unsecured notes due 2022				(23,336)
Proceeds from issuance of senior unsecured notes due 2025				750,000
Payment of deferred financing costs			(97)	(12,152)
Payments on capital lease obligations			(160)
Net cash provided by (used in) financing activities			187,995	(31,049)
Net decrease in cash			(160,790)	(1,499)
Cash, beginning of period			165,878	7,683
Cash, end of period	5,088	6,184	5,088	6,184
Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net income			7,482	11,141
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization on property and equipment			2,261	2,314
Depreciation of rental equipment			22,050	21,819
Provision for losses on accounts receivable			582	712
Gain from sales of property and equipment, net	(136)	(1,983)	(286)	(2,460)
Gain from sales of rental equipment, net			(4,624)	(5,344)
Changes in operating assets and liabilities, net of acquisitions:
Receivables			(2,068)	(1,301)
Inventories			(8,999)	(6,651)
Prepaid expenses and other assets			2	(14)
Accounts payable			(3,590)	452
Manufacturer flooring plans payable			(1,063)	1,702
Accrued expenses payable and other liabilities			(296)	1,636
Net cash provided by operating activities			11,451	24,006
Cash flows from investing activities:
Purchases of property and equipment			(7,764)	(1,384)
Purchases of rental equipment			(47,768)	(29,697)
Proceeds from sales of property and equipment			286	3,851
Proceeds from sales of rental equipment			14,200	14,617
Net cash used in investing activities			(41,046)	(12,613)
Cash flows from financing activities:
Dividends paid			(4)	(6)
Payments on capital lease obligations				(162)
Capital contributions			29,599	(11,225)
Net cash provided by (used in) financing activities			29,595	(11,393)
Elimination [Member]
Cash flows from operating activities:
Net income			(7,482)	(11,141)
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of guarantor subsidiaries	$ 4,535	$ 6,160	7,482	11,141
Cash flows from investing activities:
Investment in subsidiaries			29,599	(11,225)
Net cash used in investing activities			29,599	(11,225)
Cash flows from financing activities:
Capital contributions			(29,599)	11,225
Net cash provided by (used in) financing activities			$ (29,599)	$ 11,225