Neff 10-Q 12 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 05, 2015
Entity Information [Line Items]
Entity Registrant Name	Neff Corp
Entity Central Index Key	1,617,667
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		10,494,191
Common Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		14,951,625

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 232	$ 207	$ 1,999	$ 190
Accounts receivable, net of allowance for doubtful accounts of $2,197 in 2015 and $2,125 in 2014	60,869	66,375
Inventories	2,244	2,005
Rental equipment, net	468,534	420,245
Property and equipment, net	34,637	30,210
Prepaid expenses and other assets	15,429	16,959
Goodwill	58,765	58,765
Intangible assets, net	15,635	16,600
Total assets	656,345	611,366
Liabilities
Accounts payable	9,338	27,389
Accrued expenses and other liabilities	33,555	31,203
Revolving credit facility	278,000	245,200
Second lien loan, net of original issue discount	476,898	476,713
Payable pursuant to tax receivable agreement	29,081	31,557
Deferred tax liability, net	7,490	5,405
Total liabilities	834,362	817,467
Stockholders' deficit
Additional paid-in capital	(111,567)	(112,185)
Retained earnings	13,153	1,599
Total stockholders' deficit	(98,159)	(110,331)
Non-controlling interest	(79,858)	(95,770)
Total stockholders' deficit and non-controlling interest	(178,017)	(206,101)
Total liabilities and stockholders' deficit and non-controlling interest	656,345	611,366
Common Class A
Stockholders' deficit
Common stock	105	105
Common Class B
Stockholders' deficit
Common stock	$ 150	$ 150

UNAUDITED CONDENSED CONSOLIDAT3

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accounts receivable, allowance for doubtful accounts		$ 2,125
Common Class A
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued		10,476,190
Common stock, shares outstanding		10,476,190
Common Class B
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued		14,951,625
Common stock, shares outstanding		14,951,625

UNAUDITED CONDENSED CONSOLIDAT4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Revenues
Rental revenues	$ 249,493	$ 240,362
Equipment sales	18,520	17,355
Parts and service	9,724	10,125
Total revenues	277,737	267,842
Cost of revenues
Cost of equipment sold	11,864	9,877
Depreciation of rental equipment	62,280	54,831
Cost of rental revenues	58,556	59,669
Cost of parts and service	5,534	6,158
Total cost of revenues	138,234	130,535
Gross profit	139,503	137,307
Other operating expenses
Selling, general and administrative expenses	67,610	61,453
Other depreciation and amortization	7,796	7,149
Transaction bonus	0	24,506
Total other operating expenses	75,406	93,108
Income from operations	64,097	44,199
Other expenses
Interest expense	32,174	28,313
Adjustment to tax receivable agreement	(2,476)	0
Loss on extinguishment of debt	0	15,896
Loss on interest rate swap	4,097	0
Amortization of debt issue costs	1,144	2,695
Total other expenses	34,939	46,904
Income before income taxes	29,158	(2,705)
(Provision for) benefit from income taxes	(1,692)	4,610
Net income	27,466	1,905
Less: net income attributable to non-controlling interest	15,912	1,905
Net income attributable to Neff Corporation	$ 11,554	$ 0
Common Class A
Net income attributable to Neff Corporation per share of Class A common stock (in dollars per share)
Basic	$ 1.10
Diluted	$ 0.96
Weighted average shares of Class A common stock outstanding (in shares)
Basic	10,484
Diluted	12,038

UNAUDITED CONDENSED CONSOLIDAT5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT AND NON-CONTROLLING INTEREST - 9 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Total	Common Class A	Common Class B	Common StockCommon Class A	Common StockCommon Class B	Additional Paid-in Capital	Retained Earnings	Non-controlling Interest
Beginning balance at Dec. 31, 2014	$ (206,101)			$ 105	$ 150	$ (112,185)	$ 1,599	$ (95,770)
Beginning balance (in shares) at Dec. 31, 2014		10,476,190	14,951,625	10,476,000	14,952,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Payment of costs directly associated with the issuance of Class A common stock	(283)					(283)
Equity-based compensation	901					901
Stock issued for restricted stock units (in shares)				18,000
Stock issued for restricted stock units	0
Net income attributable to Neff Corporation	11,554						11,554
Net income	27,466
Net income attributable to non-controlling interest	15,912							15,912
Ending balance at Sep. 30, 2015	$ (178,017)			$ 105	$ 150	$ (111,567)	$ 13,153	$ (79,858)
Ending balance (in shares) at Sep. 30, 2015				10,494,000	14,952,000

UNAUDITED CONDENSED CONSOLIDAT6

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows from Operating Activities
Net income	$ 27,466	$ 1,905
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	69,111	60,849
Amortization of debt issue costs	1,144	2,695
Amortization of intangible assets	965	1,131
Amortization of original issue discount	185	70
Gain on sale of equipment	(6,656)	(7,478)
Provision for bad debt	1,431	1,929
Equity-based compensation	901	792
Deferred income taxes	2,085	0
Adjustment to tax receivable agreement	(2,476)	0
Unrealized loss on interest rate swap	3,852	0
Loss on extinguishment of debt	0	15,896
Changes in operating assets and liabilities:
Accounts receivable	4,075	(5,293)
Inventories, prepaid expenses and other assets	147	(2,904)
Accounts payable	(1,271)	(856)
Accrued expenses and other liabilities	(1,270)	(380)
Net cash provided by operating activities	99,689	68,356
Cash Flows from Investing Activities
Purchases of rental equipment	(138,959)	(135,930)
Proceeds from sale of equipment	18,520	17,355
Purchases of property and equipment	(11,742)	(11,729)
Net cash used in investing activities	(132,181)	(130,304)
Cash Flows from Financing Activities
Repayments under revolving credit facility	(95,239)	(464,939)
Borrowings under revolving credit facility	128,039	502,739
Proceeds from second lien loan, net	0	572,125
Distribution to members	0	329,885
Repayments of senior secured notes	0	200,000
Call premiums	0	7,218
Debt issue costs	0	(9,065)
Payment of costs directly associated with the issuance of Class A common stock	(283)	0
Net cash provided by financing activities	32,517	63,757
Net increase in cash and cash equivalents	25	1,809
Cash and cash equivalents, beginning of period	207	190
Cash and cash equivalents, end of period	232
Cash paid for interest	32,190	27,790
Cash paid for interest rate swap settlements	245	0
Purchases of rental equipment included in accounts payable and other accrued liabilities at period end	$ 7,967	$ 7,764

BUSINESS AND ORGANIZATION

BUSINESS AND ORGANIZATION	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS AND ORGANIZATION	BUSINESS AND ORGANIZATION Neff Corporation was formed as a Delaware corporation on August 18, 2014. On November 26, 2014, Neff Corporation completed an initial public offering (the "IPO") of 10,476,190 shares of Class A common stock at a public offering price of $15.00 per share. A portion of the gross proceeds received by Neff Corporation from the IPO were used to purchase common membership units ("Common Units") in Neff Holdings LLC, ("Neff Holdings") which was wholly owned by private investment funds managed by Wayzata Investment Partners ("Wayzata") prior to the IPO. We refer to these transactions as the “Organizational Transactions”. Neff Corporation's only business is to act as the sole managing member of Neff Holdings. As a result, Neff Corporation consolidates Neff Holdings for all periods presented (see Supplemental Unaudited Condensed Consolidating Financial Statements). Neff Corporation and its consolidated subsidiaries, including Neff Holdings and Neff Holdings' subsidiaries, Neff LLC and Neff Rental LLC, are referred to as the "Company", "we" or "us". The Company owns and operates equipment rental locations in the United States. The Company also sells used equipment, parts and merchandise and provides ongoing repair and maintenance services.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Basis of Presentation The accompanying condensed consolidated financial statements are unaudited and have been prepared in conformity with accounting principles generally accepted in the United States (“US GAAP”) and the rules and regulations of the SEC. Certain information and footnote disclosures normally included in annual consolidated financial statements prepared in accordance with US GAAP have been condensed or omitted. The accompanying unaudited condensed consolidated financial statements are presented on a consolidated basis. All significant intercompany accounts and transactions have been eliminated. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal and recurring adjustments necessary to present fairly the Company’s balance sheets as of September 30, 2015 and December 31, 2014, the results of its operations for the three and nine months ended September 30, 2015 and 2014, the cash flows for the nine months ended September 30, 2015 and 2014 and the changes in its stockholders’ deficit and non-controlling interest for the nine months ended September 30, 2015 . Interim results may not be indicative of full year performance. The Company believes that the disclosures herein are adequate so that the information presented is not misleading; however, these unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto in the 2014 10-K. Unaudited Condensed Consolidated Financial Statements • Balance Sheets - The assets, liabilities and equity of Neff Corporation and Neff Holdings have been consolidated and carried forward at historical values; • Statements of Operations - The consolidated statements of operations include the historical consolidated statements of operations of Neff Holdings consolidated with the statement of operations of Neff Corporation; • Statement of Stockholders' Deficit and Non-Controlling Interest - Following the IPO, Wayzata retained a portion of its economic interest in Neff Holdings directly through the ownership of Neff Holdings Common Units and these interests are included within non-controlling interest subsequent to the IPO; and • Statements of Cash Flows - The statements of cash flows include the historical consolidated statements of cash flows of Neff Holdings consolidated with the statement of cash flows of Neff Corporation. Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company considers critical accounting estimates to be those that require more significant judgments in the preparation of the unaudited condensed consolidated financial statements including those related to depreciation, bad debts, income taxes, self-insurance reserves, goodwill and intangible assets, derivative financial instruments, contingencies and amounts payable pursuant to the tax receivable agreement, as amended (Note 3) ("Tax Receivable Agreement"). Management relies on historical experience and other assumptions, believed NOTE 2—BASIS OF PRESENTATION (Continued) to be reasonable under the circumstances, in making its judgments and estimates. Actual results could differ from those judgments and estimates. Goodwill and Intangible Assets Goodwill and trademarks and tradenames are reviewed at least annually for impairment. The Company conducts annual impairment tests on October 1 of each fiscal year or whenever an indicator of impairment exists. The customer list is amortized over its useful life (Note 5). The Company expenses costs to renew or extend the term of its recognized intangible assets. Segment Reporting The Company's operations consist of the rental and sale of equipment, and parts and services in five regions in the United States: Florida, Atlantic, Central, Southeastern and Western. The five regions are the Company's operating segments and are aggregated into one reportable segment because they rent similar products and have similar economic characteristics. The Company operates in the United States and had minimal international sales for each of the periods presented. Comprehensive Income (Loss) The Company had no items of other comprehensive income (loss) in any of the periods presented. Recently Issued Accounting Pronouncements Under the Jumpstart Our Business Startups Act (the “JOBS Act”), the Company meets the definition of an emerging growth company. Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. The Company has irrevocably elected to avail itself of this exemption from adopting new or revised accounting standards and, therefore, will not be subject to new or revised accounting standards until such time as those standards apply to private companies. There were no significant new accounting pronouncements that the Company adopted during the nine months ended September 30, 2015 . In April 2015, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") No. 2015-03 Interest-Imputation of Interest (Subtopic 835-30) - Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03") which provides guidance on the presentation of debt issuance costs. This guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability and amortization of debt issuance costs will be reported as interest expense. This guidance is effective for private companies for fiscal years after December 15, 2015, and interim periods within fiscal years beginning after December 15, 2016, and requires application on a retrospective basis. The Company expects to adopt this guidance when effective for private companies, and does not expect this guidance to have a material impact on its financial statements, although it will change the financial statement classification of debt issuance costs. As of September 30, 2015 , $9.3 million of debt issuance costs were included in total assets in the Company's unaudited condensed consolidated balance sheet. In July 2015, the FASB issued ASU No. 2015-11 Inventory (Topic 330) - Simplifying the Measurement of Inventory ("ASU 2015-11") which requires an entity to measure inventory at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Current US GAAP requires that an entity measure inventory at the lower of cost or market. Market under current US GAAP could be replacement cost, net realizable value or net realizable value less a normal profit margin. This guidance is effective for private companies for fiscal years beginning after December 15, 2016 and interim periods within fiscal years beginning after December 15, 2017. This update should be applied prospectively. The Company expects to adopt this guidance when effective for private companies and does not expect this guidance to have a significant impact on the Company's financial statements.

NON-CONTROLLING INTEREST

NON-CONTROLLING INTEREST	9 Months Ended
	Sep. 30, 2015
Noncontrolling Interest [Abstract]
NON-CONTROLLING INTEREST	NON-CONTROLLING INTEREST Following the IPO, Neff Corporation became Neff Holdings sole managing member. As a result, Neff Corporation operates and controls all of the business and affairs of Neff Holdings while owning a 41.2% minority economic interest in Neff Holdings. Therefore, on November 26, 2014, Neff Corporation began to consolidate the financial results of Neff Holdings and Neff Holdings' subsidiaries, Neff LLC and Neff Rental LLC, and to record a non-controlling interest for the remaining 58.8% NOTE 3—NON-CONTROLLING INTEREST (Continued) economic interest in Neff Holdings held by Wayzata. On a stand alone basis, Neff Corporation's only sources of cash flow from operations are distributions from Neff Holdings. Net income attributable to the non-controlling interest on the unaudited condensed consolidated statements of operations represents the portion of earnings attributable to the economic interest in Neff Holdings held by the non-controlling unitholders. The non-controlling interest on the unaudited condensed consolidated balance sheets represents the carryover basis of Wayzata's capital account in Neff Holdings. Non-controlling interest is adjusted to reflect the distributions to and income allocated to the non-controlling unitholders. The ownership of the Common Units is summarized as follows: Non-controlling ownership of Common Units in Neff Holdings Neff Corporation ownership of Common Units in Neff Holdings Total As of September 30, 2015 14,951,625 10,494,191 25,445,816 58.8 % 41.2 % 100.0 % Non-controlling ownership of Common Units in Neff Holdings Neff Corporation ownership of Common Units in Neff Holdings Total As of December 31, 2014 14,951,625 10,476,190 25,427,815 58.8 % 41.2 % 100.0 % The following table summarizes the activity in non-controlling interest from December 31, 2014 to September 30, 2015 (in thousands): Balance of non-controlling interest as of December 31, 2014 $ (95,770 ) Net income attributable to non-controlling interest 15,912 Balance of non-controlling interest as of September 30, 2015 $ (79,858 ) Distributions for Taxes As a limited liability company (treated as a partnership for income tax purposes), Neff Holdings does not incur significant federal or state and local income taxes, as these taxes are primarily the obligation of the members of Neff Holdings. As authorized by the Neff Holdings LLC agreement, Neff Holdings is required to distribute cash, generally, on a pro rata basis, to its members to the extent necessary to cover the members’ tax liabilities, if any, with respect to their share of Neff Holdings' earnings. Payable Pursuant to the Tax Receivable Agreement As of September 30, 2015 , the Company recorded a liability of $29.1 million , representing the estimated payments due to Wayzata and certain members of management of Neff Holdings and certain non-executive members of its board of managers (collectively, the "Prior LLC Owners") under the Tax Receivable Agreement with the Prior LLC Owners as a result of the special allocation of depreciation and amortization deductions in excess of the pro rata share of such items. The liability as of September 30, 2015 decreased by $2.5 million from December 31, 2014, due to the Tax Receivable Agreement Amendment (defined below) and changes in estimated future payments as a result of the tax benefit Neff Corporation will obtain as a result of the special allocation of gain, to Wayzata, resulting from the sale of equipment that existed at the date of the IPO, in accordance with Section 704(c) of the Internal Revenue Code. The Company expects these changes from the special allocation of gain will likely occur quarterly. On June 2, 2015, the Company, Wayzata and the Prior LLC Owners entered into an amendment to the Tax Receivable Agreement (the "Tax Receivable Agreement Amendment"), dated as of May 27, 2015. The Tax Receivable Agreement Amendment amended the Tax Receivable Agreement to eliminate any benefit to Wayzata and the Prior LLC Owners relating to tax adjustments arising from state, local or foreign taxes in order to relieve the substantial burden on the Company to calculate such benefit. No amounts were paid pursuant to the terms of the Tax Receivable Agreement during the three and nine months ended September 30, 2015 . NOTE 3—NON-CONTROLLING INTEREST (Continued) Payments are anticipated to be made under the Tax Receivable Agreement when Neff Corporation utilizes a benefit. The payments are to be made in accordance with the terms of the Tax Receivable Agreement. The timing of the payments is subject to certain contingencies including Neff Corporation having sufficient taxable income to utilize the tax benefits defined in the Tax Receivable Agreement. Obligations pursuant to the Tax Receivable Agreement, are obligations of Neff Corporation and are not obligations of Neff Holdings. They do not impact the balance of non-controlling interest. These obligations are not income tax obligations and have no impact on the tax provision or the allocation of taxes. In general, items of income, gain, loss and deduction are allocated on the basis of members' respective ownership interests pursuant to the Neff Holdings LLC agreement after taking into consideration all relevant sections of the Internal Revenue Code.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period, including vested restricted stock units ("RSUs"). Diluted earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of common shares plus the dilutive effect of potential common shares outstanding during the period. For RSUs with performance-based vesting, no common equivalent shares are included in the computation of diluted earnings per share until the related performance criteria have been met. The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts): For the Three Months Ended September 30, 2015 For the Nine Months Ended September 30, 2015 Numerator: Net income attributable to Neff Corporation $ 3,206 $ 11,554 Denominator for basic net income per share of Class A common stock: Weighted average shares of Class A common stock outstanding 10,494 10,484 Denominator for diluted net income per share of Class A common stock: Weighted average shares of Class A common stock outstanding 10,494 10,484 Add dilutive effect of the following: Neff Holdings options (redeemable for cash or Class A common stock) 1,265 1,265 Neff Corporation stock options 289 289 Weighted average shares of Class A common stock outstanding, diluted 12,048 12,038 Earnings per share of Class A common stock: Net income attributable to Neff Corporation per share of Class A common stock, basic $ 0.31 $ 1.10 Net income attributable to Neff Corporation per share of Class A common stock, diluted $ 0.27 $ 0.96 The shares of Class B common stock outstanding do not participate in the earnings of Neff Corporation and are therefore not participating securities. Accordingly, basic and diluted net income per share of Class B common stock have not been presented.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	—INTANGIBLE ASSETS The carrying amount and accumulated amortization of intangible assets as of September 30, 2015 and December 31, 2014 , consisted of the following (in thousands, except as noted): September 30, 2015 Average Gross Accumulated Net Indefinite life: Trademarks and tradenames N/A $ 10,854 $ — $ 10,854 Finite life: Customer list 12 13,987 (9,206 ) 4,781 Total intangible assets $ 24,841 $ (9,206 ) $ 15,635 December 31, 2014 Average Gross Accumulated Net Indefinite life: Trademarks and tradenames N/A $ 10,854 $ — $ 10,854 Finite life: Customer list 12 13,987 (8,241 ) 5,746 Total intangible assets $ 24,841 $ (8,241 ) $ 16,600 The customer list is amortized on an accelerated basis, based on estimated cash flows over the useful life of the customer list. Accumulated amortization and expected future annual amortization expense are as follows (in thousands): Accumulated amortization at September 30, 2015 $ 9,206 Estimated amortization expense for: Remainder of 2015 321 2016 1,070 2017 877 2018 719 2019 589 2020 through 2022 1,205 Total $ 13,987 Amortization expense related to the customer list was $0.3 million and $0.4 million for the three months ended September 30, 2015 and 2014, respectively. Amortization expense related to the customer list was $1.0 million and $1.1 million for the nine months ended September 30, 2015 and 2014, respectively.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
DEBT	DEBT Debt consisted of the following as of September 30, 2015 and December 31, 2014 (in thousands, except percent data): September 30, 2015 December 31, 2014 Revolving Credit Facility with interest ranging from the lender's prime rate plus up to 1.5% to LIBOR plus up to 2.5% (2.5% at September 30, 2015) $ 278,000 $ 245,200 Second Lien Loan with interest of LIBOR plus 6.25%, with 1.0% LIBOR floor, net of unamortized discount of $2,102 in 2015 and $2,287 in 2014 (7.25% at September 30, 2015) 476,898 476,713 Total indebtedness $ 754,898 $ 721,913 On October 1, 2010, Neff Rental LLC and Neff LLC (subsidiaries of Neff Holdings) entered into a senior secured revolving credit facility (the “Revolving Credit Facility”) as co-borrowers. The obligations under the Revolving Credit Facility are guaranteed by Neff Holdings. The Revolving Credit Facility is secured by a first priority security interest in substantially all of the Company’s assets. Interest on any base rate loans under the Revolving Credit Facility is due quarterly and interest on any LIBOR rate loans under the Revolving Credit Facility is due at three month intervals or, if shorter, at the end of the selected LIBOR period. Availability under the Revolving Credit Facility is subject to a borrowing base formula consisting of eligible accounts receivable and eligible rental fleet. In May 2011, Neff Rental LLC and Neff Rental Finance Corp. (then a wholly-owned subsidiary of Neff Holdings), as co-issuers, completed a private offering of $200.0 million aggregate principal amount of 9.625% Senior Secured Notes (the “Senior Secured Notes”). The terms of the Senior Secured Notes were governed by an indenture. The obligations under the Senior Secured Notes were guaranteed by Neff Holdings and Neff LLC and were secured by a second priority security interest in substantially all of the Company’s assets. Interest on the Senior Secured Notes was payable in cash semi-annually in arrears on May 15 and November 15 of each year. The Senior Secured Notes maturity date was May 15, 2016. The Senior Secured Notes were repaid in full on June 9, 2014. Following the repayment of the Senior Secured Notes, Neff Rental Finance Corp. was dissolved on July 18, 2014. On March 12, 2012, the Revolving Credit Facility was amended (the “March 2012 Amendment”). The March 2012 Amendment increased total borrowing capacity to $200.0 million , provided for a mechanism whereby the Company could request (but the lenders under the Revolving Credit Facility have no obligation to provide) up to $100.0 million of incremental revolving loan commitments under the Revolving Credit Facility, reduced applicable margins applicable to loans and other credit extensions, extended the maturity to the earlier of March 12, 2016 and ninety days prior to the maturity date of the Senior Secured Notes and modified the excess availability requirements relating to cash dominion and the implementation of certain financial covenants. On October 25, 2012, the Revolving Credit Facility was amended (the “October 2012 Amendment”). The October 2012 Amendment increased total maximum borrowing capacity from $200.0 million to $225.0 million . On November 20, 2013, the Revolving Credit Facility was amended and restated (the “2013 Amendment and Restatement”). Among other things, the 2013 Amendment and Restatement increased total maximum borrowing capacity from $225.0 million to $375.0 million and permitted the payment of a $110.0 million cash distribution to the members of Neff Holdings (the “2013 Distribution”), extended the maturity to the earlier of November 20, 2018 and ninety days prior to the maturity date of the Senior Secured Notes and modified the excess availability requirements relating to cash dominion and the implementation of certain financial covenants and covenants relating to appraisals and field audits. Following the repayment of the Senior Secured Notes, the maturity date of the Revolving Credit Facility is November 20, 2018. On June 9, 2014, Neff Rental LLC entered into a second lien credit agreement (the “Second Lien Credit Agreement”) as borrower. Under the terms of the Second Lien Credit Agreement, Neff Rental LLC borrowed $575.0 million of second lien term loans (the “Second Lien Loan”). The obligations under the Second Lien Credit Agreement are guaranteed by Neff Holdings and Neff LLC and are secured by a second priority security interest in substantially all of the Company’s assets. The Second Lien Loan included $2.9 million of original issue discount that is being amortized as interest expense over the term of the Second Lien Loan. The Second Lien Loan has a maturity date of June 9, 2021. NOTE 6—DEBT (Continued) The Company used the net proceeds from the Second Lien Loan to redeem the outstanding Senior Secured Notes, to pay a $329.9 million cash distribution to the members of Neff Holdings (the “June 2014 Distribution”), to pay incentive bonuses earned in connection with consummation of the refinancing (the "Refinancing") to management and certain members of Neff Holdings’ board of managers (the “Transaction Bonus”) and to pay fees and expenses. As a result of the repayment of the Senior Secured Notes, the Company recorded a loss on extinguishment of debt of $15.9 million (including $8.7 million of unamortized debt issue costs and $7.2 million for call premiums). On June 9, 2014, in connection with entering into the Second Lien Credit Agreement and repayment of the Senior Secured Notes, the Revolving Credit Facility was further amended (the “June 2014 Amendment”). Among other things, the June 2014 Amendment increased total maximum borrowing capacity from $375.0 million to $425.0 million , permitted the payment of the June 2014 Distribution, permitted the payment of the Transaction Bonus, permitted the repayment of the Senior Secured Notes and modified the consolidated total leverage ratio covenant. On October 14, 2014, the Revolving Credit Facility and Second Lien Loan were amended in anticipation of and conditional upon completion of the IPO (the "October 2014 Amendments"). The October 2014 Amendments, among other things, reflected the changes in the Company's structure as a result of the Organization Transactions and the IPO. The Company also prepaid $96.0 million of the principal amount of the Second Lien Loan with the net proceeds from the IPO. Accumulated amortization at September 30, 2015 for debt issue costs was $3.9 million and $0.8 million for the Revolving Credit Facility and Second Lien Loan, respectively. Accumulated amortization at December 31, 2014 for debt issue costs was $3.2 million and $0.3 million for the Revolving Credit Facility and Second Lien Loan, respectively. The Revolving Credit Facility and Second Lien Credit Agreement contain various affirmative, negative and financial reporting covenants. The covenants, among other things, place restrictions on the Company’s ability to acquire and sell assets, incur additional indebtedness and prepay other indebtedness other than the Revolving Credit Facility. The Company is subject to certain financial covenants under its Revolving Credit Facility if availability declines below $42.5 million . The Company was in compliance with all financial covenants under the Revolving Credit Facility and the Second Lien Credit Agreement as of September 30, 2015 . The Company had $3.7 million and $4.5 million in outstanding letters of credit at September 30, 2015 and December 31, 2014 , respectively, that were primarily associated with its insurance coverage. As of September 30, 2015 , total availability under the Revolving Credit Facility was $143.2 million .

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
EQUITY-BASED COMPENSATION	EQUITY—BASED COMPENSATION On November 7, 2014, the Company's board of directors adopted the Neff Corporation 2014 Incentive Award Plan (the "2014 Incentive Plan"). The 2014 Incentive Plan became effective on November 7, 2014 and provides for the grant of options, restricted stock awards, performance awards, dividend equivalent awards, deferred stock awards, deferred stock unit awards, stock payment awards or stock appreciation rights to employees, consultants and directors of the Company. For the three months ended September 30, 2015 and 2014, the Company recognized equity-based compensation expense of $0.2 million and $0.3 million , respectively. For the nine months ended September 30, 2015 and 2014, the Company recognized equity-based compensation expense of $0.9 million and $0.8 million , respectively. Each Common Unit held by Wayzata or acquired by individuals upon exercise of existing options granted by Neff Holdings will be redeemable, at the election of such member, for, at Neff Corporation's option, newly issued shares of Neff Corporation's Class A common stock on a 1 -for-1 basis or for a cash payment equal to the market price of one share of Neff Corporation's Class A common stock. NOTE 7—EQUITY—BASED COMPENSATION (Continued) The following table summarizes equity-based compensation activity for the nine months ended September 30, 2015 (in thousands): Neff Corporation Neff Holdings RSUs Options Options Balance as of January 1, 2015 85 270 1,265 Granted 4 19 — Exercised (18 ) — — Forfeited — — — Balance as of September 30, 2015 71 289 1,265 Vested — — 1,261 Unvested 71 289 4 Total 71 289 1,265 At September 30, 2015 , there were 1.1 million additional shares available for the Company to grant under the 2014 Incentive Plan.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS On March 24, 2015, the Company entered into an interest rate swap (the "Interest Rate Swap"), effectively converting a portion of its variable rate debt into fixed rate debt. The Interest Rate Swap is not accounted for as a hedge and changes in fair value are included directly in the unaudited condensed consolidated statement of operations. The Company adjusts the accrued swap asset or liability by the amount of the monthly net settlement as settlements are made. Under the terms of the Interest Rate Swap, a monthly net settlement is made on approximately the 8th of each month for the difference between the fixed rate (see the fixed rate schedule below) and the variable rate, based upon the one month LIBOR rate on the notional amount of the Interest Rate Swap. The Interest Rate Swap has a notional amount of $200.0 million through April 8, 2020. The fixed rate follows the schedule below: April 8, 2015 to April 7, 2016 0.4726 % April 8, 2016 to April 9, 2017 1.1570 % April 10, 2017 to April 8, 2018 1.6810 % April 9, 2018 to April 7, 2019 1.9610 % April 8, 2019 to April 8, 2020 2.1430 % The Company's transactions in derivative financial instruments are authorized and executed pursuant to its regularly reviewed policies and procedures, which prohibit the use of derivative financial instruments for trading or speculative purposes. For the three months ended September 30, 2015 , the Company recognized a loss on the Interest Rate Swap of $4.2 million which consisted of $4.1 million of unrealized losses related to the change in fair value of the Interest Rate Swap and a $0.1 million realized loss for the settlement payments made. The Company did not record a gain or loss on the Interest Rate Swap for the three months ended September 30, 2014 . For the nine months ended September 30, 2015 , the Company recognized a loss on the Interest Rate Swap of $4.1 million which consisted of $3.9 million of unrealized losses related to the change in fair value of the Interest Rate Swap and a $0.2 million realized loss for the settlement payments made. The Company did not record a gain or loss on the Interest Rate Swap for the nine months ended September 30, 2014 . NOTE 8—DERIVATIVE FINANCIAL INSTRUMENTS (Continued) The following tables provide details regarding the Company's derivative financial instruments (in thousands): For the Three Months Ended September 30, 2015 For the Three Months Ended September 30, 2014 For the Nine Months Ended September 30, 2015 For the Nine Months Ended September 30, 2014 Loss Recognized in Earnings (a) Loss Recognized in Earnings Loss Recognized in Earnings (a) Loss Recognized in Earnings Interest Rate Swap $ 4,216 $ — $ 4,097 $ — September 30, 2015 December 31, 2014 Fair Value of Derivative (b) Fair Value of Derivative Interest Rate Swap (Note 9) $ 3,852 $ — (a) Classified in Other expenses (income)— Loss on interest rate swap (b) Classified in Liabilities — Accrued expenses and other liabilities

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Neff Corporation is required to file federal and applicable state corporate income tax returns and recognizes income taxes on its pre-tax income, which to date has consisted primarily of its share of Neff Holdings' pre-tax income. Neff Holdings is a limited liability company that is treated as a partnership for federal and state income tax purposes. Neff Holdings is not subject to income taxes for federal and state purposes. Rather, taxable income or loss is included in the respective federal and state income tax returns of Neff Holdings' members. The components of provision for (benefit from) income taxes included in the unaudited condensed consolidated statements of operations for the three and nine months ended September 30, 2015 and 2014 were as follows (in thousands): For the Three Months Ended September 30, 2015 For the Three Months Ended September 30, 2014 For the Nine Months Ended September 30, 2015 For the Nine Months Ended September 30, 2014 Current expense Federal $ — $ — $ — $ — State and local (527 ) (4,848 ) (393 ) (4,610 ) Total current expense $ (527 ) $ (4,848 ) $ (393 ) $ (4,610 ) Deferred expense Federal $ 1,265 $ — $ 2,520 $ — State and local (391 ) — (435 ) — Total deferred expense 874 — 2,085 — Total $ 347 $ (4,848 ) $ 1,692 $ (4,610 ) The following table summarizes the differences between the statutory federal income tax rate and the Company’s effective income tax rate (percent data): For the Three Months Ended September 30, 2015 For the Three Months Ended September 30, 2014 For the Nine Months Ended September 30, 2015 For the Nine Months Ended September 30, 2014 U.S. federal statutory income tax rate 35.0 % 35.0 % 35.0 % 35.0 % Increase (decrease) in tax rate resulting from: State and local income taxes, net of federal benefit (1.2 ) — (0.3 ) — Uncertain tax positions (5.9 ) (33.5 ) (2.0 ) 170.4 Permanent book/tax differences (2.7 ) — (7.9 ) — Change in tax rate — — 0.1 — Non-controlling interest (20.6 ) (35.0 ) (18.6 ) (35.0 ) Other (1.2 ) — (0.6 ) — Effective tax rate 3.4 % (33.5 )% 5.7 % 170.4 % NOTE 10—INCOME TAXES (Continued) The components of deferred income tax assets (liabilities) are as follows (in thousands): September 30, 2015 December 31, 2014 Deferred Tax Assets Net operating loss carryforwards $ 10,534 $ 2,535 Provision for bad debt 346 336 Accrued liabilities 592 902 Equity-based compensation 238 139 Loss on interest rate swap 606 — Insurance/parts reserves 525 543 Straight-line rent adjustment 97 100 Uncertain tax positions — 104 Subtotal 12,938 4,659 Less: valuation allowance — — Total deferred tax assets $ 12,938 $ 4,659 Deferred Tax Liabilities Intangible assets $ (3,310 ) $ (2,841 ) Deferred debt costs (333 ) (230 ) Depreciation (16,785 ) (6,993 ) Total deferred tax liabilities $ (20,428 ) $ (10,064 ) Deferred Tax Liability, net $ (7,490 ) $ (5,405 ) Management periodically assesses the recoverability of its deferred tax assets based upon expected future earnings, future deductibility of the asset and changes in applicable tax laws and other factors. If management determines that it is not probable that the deferred tax asset will be fully recoverable in the future, a valuation allowance may be established for the difference between the asset balance and the amount expected to be recoverable in the future. The allowance will result in a charge to the Company’s unaudited condensed consolidated statements of operations. Based on management’s assessment of the available positive and negative evidence, including future reversal of taxable temporary differences, we believe it is more likely than not that the deferred tax assets will be realized. On October 1, 2010, Neff Holdings purchased substantially all of the assets of Neff Holdings Corp. and certain of its affiliates (collectively, the "Predecessor") in connection with the Predecessor's bankruptcy cases under Chapter 11 of Title 11 of the United States Bankruptcy Code (the "Acquisition"). In connection with the Acquisition, uncertain tax liabilities were assumed by Neff Holdings and are recorded in the Company's accrued expenses as of December 31, 2014. As a taxable entity, the Company recognizes tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. At December 31, 2014, the amount of uncertain tax positions recorded in accrued expenses was approximately $0.4 million . There were no uncertain tax positions as of September 30, 2015 . The Company's practice is to recognize interest and penalties on uncertain tax positions in income tax expense. The Company recognized accrued interest and penalties of $0.3 million as of December 31, 2014. During the third quarter of 2015, as a result of the expiration of statute of limitations, the Company reversed $0.4 million and $0.3 million in uncertain tax positions and interest and penalties, respectively. During the third quarter of 2014, as a result of the expiration of statute of limitations, the Company reversed $3.2 million and $1.7 million in uncertain tax positions and interest and penalties, respectively.

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE DISCLOSURES	FAIR VALUE DISCLOSURES The carrying amounts for accounts receivable, accounts payable and accrued expenses and other liabilities approximate fair value due to their immediate to short-term maturity. The fair value of the Revolving Credit Facility and the Second Lien Loan approximate carrying value as of September 30, 2015 and December 31, 2014 , as variable interest rates approximate market rates. The Company has classified these instruments in Level 2 of the fair value hierarchy. The Company used the following methods to measure the fair value of certain assets and liabilities: Interest Rate Swap. The Interest Rate Swap is valued utilizing pricing models taking into account inputs such as interest rates and notional amounts. The FASB has established a framework for measuring fair value and requires that assets and liabilities measured at fair value be classified and disclosed in one of the following three categories: Level 1: Quoted market prices in active markets for identical assets or liabilities Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data Level 3: Unobservable inputs that are not corroborated by market data The following table provides fair value measurement information of the Company's financial liability measured on a recurring basis as of September 30, 2015 (in thousands): Fair Value Measurements Using: Quoted Prices in Active Markets Observable Inputs Unobservable Inputs (Level 1) (Level 2) (Level 3) Interest Rate Swap $ — $ 3,852 $ — There were no transfers into or out of Level 1, 2 or 3 during the nine months ended September 30, 2015 and 2014.

SUPPLEMENTAL CONSOLIDATING STAT

SUPPLEMENTAL CONSOLIDATING STATEMENTS	9 Months Ended
	Sep. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
SUPPLEMENTAL CONSOLIDATING STATEMENTS	NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET SEPTEMBER 30, 2015 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Eliminations Total ASSETS Cash and cash equivalents $ 230 $ — $ — $ 2 $ — $ 232 Accounts receivable, net 60,869 — — — — 60,869 Inventories 2,244 — — — — 2,244 Rental equipment, net 468,534 — — — — 468,534 Property and equipment, net 34,637 — — — — 34,637 Prepaid expenses and other assets 15,429 — — — — 15,429 Goodwill 58,765 — — — — 58,765 Investment in subsidiary — 52,688 52,688 160,841 (266,217 ) — Intercompany 6,490 — — (6,490 ) — — Intangible assets, net 15,635 — — — — 15,635 Total assets $ 662,833 $ 52,688 $ 52,688 $ 154,353 $ (266,217 ) $ 656,345 LIABILITIES AND STOCKHOLDERS' DEFICIT / MEMBERS' DEFICIT Liabilities Accounts payable $ 9,338 $ — $ — $ — $ — $ 9,338 Accrued expenses and other liabilities 33,555 — — — — 33,555 Revolving credit facility 278,000 — — — — 278,000 Second lien loan, net 476,898 — — — — 476,898 Payable pursuant to tax receivable agreement — — — 29,081 — 29,081 Deferred tax liability, net — — — 7,490 — 7,490 Total liabilities 797,791 — — 36,571 — 834,362 Stockholders' deficit / members' deficit Class A Common Stock — — — 105 — 105 Class B Common Stock — — — 150 — 150 Additional paid-in capital — — — 34,576 (146,143 ) (111,567 ) Retained earnings — — — 13,153 — 13,153 Members' deficit (187,646 ) — — — 187,646 — Accumulated surplus 52,688 52,688 52,688 — (158,064 ) — Total stockholders' deficit / members' deficit (134,958 ) 52,688 52,688 47,984 (116,561 ) (98,159 ) Non-controlling interest — — — 69,798 (149,656 ) (79,858 ) Total stockholders' deficit / members' deficit and non-controlling interest (134,958 ) 52,688 52,688 117,782 (266,217 ) (178,017 ) Total liabilities and stockholders' deficit / members' deficit and non-controlling interest $ 662,833 $ 52,688 $ 52,688 $ 154,353 $ (266,217 ) $ 656,345 NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2014 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Eliminations Total ASSETS Cash and cash equivalents $ 205 $ — $ — $ 2 $ — $ 207 Accounts receivable, net 66,375 — — — — 66,375 Inventories 2,005 — — — — 2,005 Rental equipment, net 420,245 — — — — 420,245 Property and equipment, net 30,210 — — — — 30,210 Prepaid expenses and other assets 16,959 — — — — 16,959 Goodwill 58,765 — — — — 58,765 Investment in subsidiary — 25,627 25,627 148,791 (200,045 ) — Intercompany 6,206 — — (6,206 ) — — Intangible assets, net 16,600 — — — — 16,600 Total assets $ 617,570 $ 25,627 $ 25,627 $ 142,587 $ (200,045 ) $ 611,366 LIABILITIES AND STOCKHOLDERS' DEFICIT / MEMBERS' DEFICIT Liabilities Accounts payable $ 27,389 $ — $ — $ — $ — $ 27,389 Accrued expenses and other liabilities 31,188 — — 15 — 31,203 Revolving credit facility 245,200 — — — — 245,200 Second lien loan, net 476,713 — — — — 476,713 Payable pursuant to tax receivable agreement — — — 31,557 — 31,557 Deferred tax liability, net — — — 5,405 — 5,405 Total liabilities 780,490 — — 36,977 — 817,467 Stockholders' deficit / members' deficit Class A Common Stock — — — 105 — 105 Class B Common Stock — — — 150 — 150 Additional paid-in capital — — — 33,958 (146,143 ) (112,185 ) Retained earnings — — — 1,599 — 1,599 Members' deficit (188,547 ) — — — 188,547 — Accumulated surplus 25,627 25,627 25,627 — (76,881 ) — Total stockholders' deficit / members' deficit (162,920 ) 25,627 25,627 35,812 (34,477 ) (110,331 ) Non-controlling interest — — — 69,798 (165,568 ) (95,770 ) Total stockholders' deficit / members' deficit and non-controlling interest (162,920 ) 25,627 25,627 105,610 (200,045 ) (206,101 ) Total liabilities and stockholders' deficit / members' deficit and non-controlling interest $ 617,570 $ 25,627 $ 25,627 $ 142,587 $ (200,045 ) $ 611,366 NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2015 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Eliminations Total Revenues Rental revenues $ 90,532 $ — $ — $ — $ — $ 90,532 Equipment sales 5,559 — — — — 5,559 Parts and service 3,333 — — — — 3,333 Total revenues 99,424 — — — — 99,424 Cost of revenues Cost of equipment sold 3,474 — — — — 3,474 Depreciation of rental equipment 21,553 — — — — 21,553 Cost of rental revenues 21,186 — — — — 21,186 Cost of parts and service 1,964 — — — — 1,964 Total cost of revenues 48,177 — — — — 48,177 Gross profit 51,247 — — — — 51,247 Other operating expenses Selling, general and administrative expenses 22,852 — — — — 22,852 Other depreciation and amortization 2,678 — — — — 2,678 Total other operating expenses 25,530 — — — — 25,530 Income from operations 25,717 — — — — 25,717 Other expenses Interest expense 10,907 — — — — 10,907 Adjustment to tax receivable agreement — — — 411 — 411 Loss on interest rate swap 4,216 — — — — 4,216 Amortization of debt issue costs 392 — — — — 392 Total other expenses 15,515 — — 411 — 15,926 Income (loss) before income taxes 10,202 — — (411 ) — 9,791 Equity earnings in subsidiaries — 10,608 10,608 4,370 (25,586 ) — Benefit from (provision for) income taxes 406 — — (753 ) — (347 ) Net income 10,608 10,608 10,608 3,206 (25,586 ) 9,444 Less: net income attributable to non-controlling interest 6,238 6,238 6,238 — (12,476 ) 6,238 Net income attributable to Neff Corporation $ 4,370 $ 4,370 $ 4,370 $ 3,206 $ (13,110 ) $ 3,206 NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Eliminations Total Revenues Rental revenues $ 249,493 $ — $ — $ — $ — $ 249,493 Equipment sales 18,520 — — — — 18,520 Parts and service 9,724 — — — — 9,724 Total revenues 277,737 — — — — 277,737 Cost of revenues Cost of equipment sold 11,864 — — — — 11,864 Depreciation of rental equipment 62,280 — — — — 62,280 Cost of rental revenues 58,556 — — — — 58,556 Cost of parts and service 5,534 — — — — 5,534 Total cost of revenues 138,234 — — — — 138,234 Gross profit 139,503 — — — — 139,503 Other operating expenses Selling, general and administrative expenses 67,610 — — — — 67,610 Other depreciation and amortization 7,796 — — — — 7,796 Total other operating expenses 75,406 — — — — 75,406 Income from operations 64,097 — — — — 64,097 Other expenses (income) Interest expense 32,174 — — — — 32,174 Adjustment to tax receivable agreement — — — (2,476 ) — (2,476 ) Loss on interest rate swap 4,097 — — — — 4,097 Amortization of debt issue costs 1,144 — — — — 1,144 Total other expenses (income) 37,415 — — (2,476 ) — 34,939 Income before income taxes 26,682 — — 2,476 — 29,158 Equity earnings in subsidiaries — 27,061 27,061 11,149 (65,271 ) — Benefit from (provision for) income taxes 379 — — (2,071 ) — (1,692 ) Net income 27,061 27,061 27,061 11,554 (65,271 ) 27,466 Less: net income attributable to non-controlling interest 15,912 15,912 15,912 — (31,824 ) 15,912 Net income attributable to Neff Corporation $ 11,149 $ 11,149 $ 11,149 $ 11,554 $ (33,447 ) $ 11,554 NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Eliminations Total Cash Flows from Operating Activities Net income $ 27,061 $ 27,061 $ 27,061 $ 11,554 $ (65,271 ) $ 27,466 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation 69,111 — — — — 69,111 Amortization of debt issue costs 1,144 — — — — 1,144 Amortization of intangible assets 965 — — — — 965 Amortization of original issue discount 185 — — — — 185 Gain on sale of equipment (6,656 ) — — — — (6,656 ) Provision for bad debt 1,431 — — — — 1,431 Equity-based compensation 901 — — — — 901 Deferred income taxes — — — 2,085 — 2,085 Adjustment to tax receivable agreement — — — (2,476 ) — (2,476 ) Unrealized loss on interest rate swap 3,852 — — — — 3,852 Equity earnings in subsidiaries — (27,061 ) (27,061 ) (11,149 ) 65,271 — Changes in operating assets and liabilities: Accounts receivable 4,075 — — — — 4,075 Inventories, prepaid expenses and other assets 147 — — — — 147 Accounts payable (1,271 ) — — — — (1,271 ) Accrued expenses and other liabilities (1,255 ) — — (15 ) — (1,270 ) Net cash provided by (used in) operating activities 99,690 — — (1 ) — 99,689 Cash Flows from Investing Activities Purchases of rental equipment (138,959 ) — — — — (138,959 ) Proceeds from sale of equipment 18,520 — — — — 18,520 Purchases of property and equipment (11,742 ) — — — — (11,742 ) Net cash used in investing activities (132,181 ) — — — — (132,181 ) Cash Flows from Financing Activities Repayments under revolving credit facility (95,239 ) — — — — (95,239 ) Borrowings under revolving credit facility 128,039 — — — — 128,039 Payment of costs directly associated with the issuance of Class A common stock — — — (283 ) — (283 ) Intercompany (284 ) — — 284 — — Net cash provided by financing activities 32,516 — — 1 — 32,517 Net increase in cash and cash equivalents 25 — — — — 25 Cash and cash equivalents, beginning of period 205 — — 2 — 207 Cash and cash equivalents, end of period $ 230 $ — $ — $ 2 $ — $ 232

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On November 10, 2015, the Company’s board of directors authorized a share repurchase program pursuant to which the Company may purchase shares of its Class A common stock. Under the share repurchase program, the Company may acquire up to $25.0 million of shares of Class A common stock in open market and negotiated purchases from time to time, dependent upon market conditions. The repurchases will be subject to market conditions, applicable legal requirements, the ability of the Company to receive restricted payments from its operating subsidiaries, and other factors. The share repurchase program does not obligate the Company to acquire any minimum amount of common stock, and the program may be modified, limited, extended, suspended or terminated at any time at the Company’s discretion without prior notice. The Company currently expects that repurchases under the program will be made in compliance with the SEC's Rule 10b-18.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Condensed Consolidated Financial Statements	Condensed Consolidated Financial Statements • Balance Sheets - The assets, liabilities and equity of Neff Corporation and Neff Holdings have been consolidated and carried forward at historical values; • Statements of Operations - The consolidated statements of operations include the historical consolidated statements of operations of Neff Holdings consolidated with the statement of operations of Neff Corporation; • Statement of Stockholders' Deficit and Non-Controlling Interest - Following the IPO, Wayzata retained a portion of its economic interest in Neff Holdings directly through the ownership of Neff Holdings Common Units and these interests are included within non-controlling interest subsequent to the IPO; and • Statements of Cash Flows - The statements of cash flows include the historical consolidated statements of cash flows of Neff Holdings consolidated with the statement of cash flows of Neff Corporation
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company considers critical accounting estimates to be those that require more significant judgments in the preparation of the unaudited condensed consolidated financial statements including those related to depreciation, bad debts, income taxes, self-insurance reserves, goodwill and intangible assets, derivative financial instruments, contingencies and amounts payable pursuant to the tax receivable agreement, as amended (Note 3) ("Tax Receivable Agreement"). Management relies on historical experience and other assumptions, believed NOTE 2—BASIS OF PRESENTATION (Continued) to be reasonable under the circumstances, in making its judgments and estimates. Actual results could differ from those judgments and estimates.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill and trademarks and tradenames are reviewed at least annually for impairment. The Company conducts annual impairment tests on October 1 of each fiscal year or whenever an indicator of impairment exists. The customer list is amortized over its useful life (Note 5). The Company expenses costs to renew or extend the term of its recognized intangible assets.
Segment Reporting	Segment Reporting The Company's operations consist of the rental and sale of equipment, and parts and services in five regions in the United States: Florida, Atlantic, Central, Southeastern and Western. The five regions are the Company's operating segments and are aggregated into one reportable segment because they rent similar products and have similar economic characteristics. The Company operates in the United States and had minimal international sales for each of the periods presented.
Comprehensive Income (Loss)	Comprehensive Income (Loss) The Company had no items of other comprehensive income (loss) in any of the periods presented.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Under the Jumpstart Our Business Startups Act (the “JOBS Act”), the Company meets the definition of an emerging growth company. Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies. The Company has irrevocably elected to avail itself of this exemption from adopting new or revised accounting standards and, therefore, will not be subject to new or revised accounting standards until such time as those standards apply to private companies. There were no significant new accounting pronouncements that the Company adopted during the nine months ended September 30, 2015 . In April 2015, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") No. 2015-03 Interest-Imputation of Interest (Subtopic 835-30) - Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03") which provides guidance on the presentation of debt issuance costs. This guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability and amortization of debt issuance costs will be reported as interest expense. This guidance is effective for private companies for fiscal years after December 15, 2015, and interim periods within fiscal years beginning after December 15, 2016, and requires application on a retrospective basis. The Company expects to adopt this guidance when effective for private companies, and does not expect this guidance to have a material impact on its financial statements, although it will change the financial statement classification of debt issuance costs. As of September 30, 2015 , $9.3 million of debt issuance costs were included in total assets in the Company's unaudited condensed consolidated balance sheet. In July 2015, the FASB issued ASU No. 2015-11 Inventory (Topic 330) - Simplifying the Measurement of Inventory ("ASU 2015-11") which requires an entity to measure inventory at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Current US GAAP requires that an entity measure inventory at the lower of cost or market. Market under current US GAAP could be replacement cost, net realizable value or net realizable value less a normal profit margin. This guidance is effective for private companies for fiscal years beginning after December 15, 2016 and interim periods within fiscal years beginning after December 15, 2017. This update should be applied prospectively. The Company expects to adopt this guidance when effective for private companies and does not expect this guidance to have a significant impact on the Company's financial statements.

NON-CONTROLLING INTEREST - (Tab

NON-CONTROLLING INTEREST - (Tables)	9 Months Ended
	Sep. 30, 2015
Noncontrolling Interest [Abstract]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net	distributions to and income allocated to the non-controlling unitholders. The ownership of the Common Units is summarized as follows: Non-controlling ownership of Common Units in Neff Holdings Neff Corporation ownership of Common Units in Neff Holdings Total As of September 30, 2015 14,951,625 10,494,191 25,445,816 58.8 % 41.2 % 100.0 % Non-controlling ownership of Common Units in Neff Holdings Neff Corporation ownership of Common Units in Neff Holdings Total As of December 31, 2014 14,951,625 10,476,190 25,427,815 58.8 % 41.2 % 100.0 % The following table summarizes the activity in non-controlling interest from December 31, 2014 to September 30, 2015 (in thousands): Balance of non-controlling interest as of December 31, 2014 $ (95,770 ) Net income attributable to non-controlling interest 15,912 Balance of non-controlling interest as of September 30, 2015 $ (79,858 )

EARNINGS PER SHARE - (Tables)

EARNINGS PER SHARE - (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts): For the Three Months Ended September 30, 2015 For the Nine Months Ended September 30, 2015 Numerator: Net income attributable to Neff Corporation $ 3,206 $ 11,554 Denominator for basic net income per share of Class A common stock: Weighted average shares of Class A common stock outstanding 10,494 10,484 Denominator for diluted net income per share of Class A common stock: Weighted average shares of Class A common stock outstanding 10,494 10,484 Add dilutive effect of the following: Neff Holdings options (redeemable for cash or Class A common stock) 1,265 1,265 Neff Corporation stock options 289 289 Weighted average shares of Class A common stock outstanding, diluted 12,048 12,038 Earnings per share of Class A common stock: Net income attributable to Neff Corporation per share of Class A common stock, basic $ 0.31 $ 1.10 Net income attributable to Neff Corporation per share of Class A common stock, diluted $ 0.27 $ 0.96

INTANGIBLE ASSETS - (Tables)

INTANGIBLE ASSETS - (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	NOTE 5—INTANGIBLE ASSETS The carrying amount and accumulated amortization of intangible assets as of September 30, 2015 and December 31, 2014 , consisted of the following (in thousands, except as noted): September 30, 2015 Average Gross Accumulated Net Indefinite life: Trademarks and tradenames N/A $ 10,854 $ — $ 10,854 Finite life: Customer list 12 13,987 (9,206 ) 4,781 Total intangible assets $ 24,841 $ (9,206 ) $ 15,635 December 31, 2014 Average Gross Accumulated Net Indefinite life: Trademarks and tradenames N/A $ 10,854 $ — $ 10,854 Finite life: Customer list 12 13,987 (8,241 ) 5,746 Total intangible assets $ 24,841 $ (8,241 ) $ 16,600
Schedule of Indefinite-Lived Intangible Assets	NOTE 5—INTANGIBLE ASSETS The carrying amount and accumulated amortization of intangible assets as of September 30, 2015 and December 31, 2014 , consisted of the following (in thousands, except as noted): September 30, 2015 Average Gross Accumulated Net Indefinite life: Trademarks and tradenames N/A $ 10,854 $ — $ 10,854 Finite life: Customer list 12 13,987 (9,206 ) 4,781 Total intangible assets $ 24,841 $ (9,206 ) $ 15,635 December 31, 2014 Average Gross Accumulated Net Indefinite life: Trademarks and tradenames N/A $ 10,854 $ — $ 10,854 Finite life: Customer list 12 13,987 (8,241 ) 5,746 Total intangible assets $ 24,841 $ (8,241 ) $ 16,600
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Accumulated amortization and expected future annual amortization expense are as follows (in thousands): Accumulated amortization at September 30, 2015 $ 9,206 Estimated amortization expense for: Remainder of 2015 321 2016 1,070 2017 877 2018 719 2019 589 2020 through 2022 1,205 Total $ 13,987

DEBT - (Tables)

DEBT - (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Debt consisted of the following as of September 30, 2015 and December 31, 2014 (in thousands, except percent data): September 30, 2015 December 31, 2014 Revolving Credit Facility with interest ranging from the lender's prime rate plus up to 1.5% to LIBOR plus up to 2.5% (2.5% at September 30, 2015) $ 278,000 $ 245,200 Second Lien Loan with interest of LIBOR plus 6.25%, with 1.0% LIBOR floor, net of unamortized discount of $2,102 in 2015 and $2,287 in 2014 (7.25% at September 30, 2015) 476,898 476,713 Total indebtedness $ 754,898 $ 721,913

EQUITY-BASED COMPENSATION - (Ta

EQUITY-BASED COMPENSATION - (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options and Restricted Stock Units, Activity	The following table summarizes equity-based compensation activity for the nine months ended September 30, 2015 (in thousands): Neff Corporation Neff Holdings RSUs Options Options Balance as of January 1, 2015 85 270 1,265 Granted 4 19 — Exercised (18 ) — — Forfeited — — — Balance as of September 30, 2015 71 289 1,265 Vested — — 1,261 Unvested 71 289 4 Total 71 289 1,265

DERIVATIVE FINANCIAL INSTRUME25

DERIVATIVE FINANCIAL INSTRUMENTS - (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives	The fixed rate follows the schedule below: April 8, 2015 to April 7, 2016 0.4726 % April 8, 2016 to April 9, 2017 1.1570 % April 10, 2017 to April 8, 2018 1.6810 % April 9, 2018 to April 7, 2019 1.9610 % April 8, 2019 to April 8, 2020 2.1430 %
Reclassification out of Accumulated Other Comprehensive Income	The following tables provide details regarding the Company's derivative financial instruments (in thousands): For the Three Months Ended September 30, 2015 For the Three Months Ended September 30, 2014 For the Nine Months Ended September 30, 2015 For the Nine Months Ended September 30, 2014 Loss Recognized in Earnings (a) Loss Recognized in Earnings Loss Recognized in Earnings (a) Loss Recognized in Earnings Interest Rate Swap $ 4,216 $ — $ 4,097 $ — September 30, 2015 December 31, 2014 Fair Value of Derivative (b) Fair Value of Derivative Interest Rate Swap (Note 9) $ 3,852 $ — (a) Classified in Other expenses (income)— Loss on interest rate swap (b) Classified in Liabilities —

INCOME TAXES - (Tables)

INCOME TAXES - (Tables)	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of provision for (benefit from) income taxes included in the unaudited condensed consolidated statements of operations for the three and nine months ended September 30, 2015 and 2014 were as follows (in thousands): For the Three Months Ended September 30, 2015 For the Three Months Ended September 30, 2014 For the Nine Months Ended September 30, 2015 For the Nine Months Ended September 30, 2014 Current expense Federal $ — $ — $ — $ — State and local (527 ) (4,848 ) (393 ) (4,610 ) Total current expense $ (527 ) $ (4,848 ) $ (393 ) $ (4,610 ) Deferred expense Federal $ 1,265 $ — $ 2,520 $ — State and local (391 ) — (435 ) — Total deferred expense 874 — 2,085 — Total $ 347 $ (4,848 ) $ 1,692 $ (4,610 )
Schedule of Effective Income Tax Rate Reconciliation	The following table summarizes the differences between the statutory federal income tax rate and the Company’s effective income tax rate (percent data): For the Three Months Ended September 30, 2015 For the Three Months Ended September 30, 2014 For the Nine Months Ended September 30, 2015 For the Nine Months Ended September 30, 2014 U.S. federal statutory income tax rate 35.0 % 35.0 % 35.0 % 35.0 % Increase (decrease) in tax rate resulting from: State and local income taxes, net of federal benefit (1.2 ) — (0.3 ) — Uncertain tax positions (5.9 ) (33.5 ) (2.0 ) 170.4 Permanent book/tax differences (2.7 ) — (7.9 ) — Change in tax rate — — 0.1 — Non-controlling interest (20.6 ) (35.0 ) (18.6 ) (35.0 ) Other (1.2 ) — (0.6 ) — Effective tax rate 3.4 % (33.5 )% 5.7 % 170.4 %
Schedule of Deferred Tax Assets and Liabilities	The components of deferred income tax assets (liabilities) are as follows (in thousands): September 30, 2015 December 31, 2014 Deferred Tax Assets Net operating loss carryforwards $ 10,534 $ 2,535 Provision for bad debt 346 336 Accrued liabilities 592 902 Equity-based compensation 238 139 Loss on interest rate swap 606 — Insurance/parts reserves 525 543 Straight-line rent adjustment 97 100 Uncertain tax positions — 104 Subtotal 12,938 4,659 Less: valuation allowance — — Total deferred tax assets $ 12,938 $ 4,659 Deferred Tax Liabilities Intangible assets $ (3,310 ) $ (2,841 ) Deferred debt costs (333 ) (230 ) Depreciation (16,785 ) (6,993 ) Total deferred tax liabilities $ (20,428 ) $ (10,064 ) Deferred Tax Liability, net $ (7,490 ) $ (5,405 )

FAIR VALUE DISCLOSURES - (Table

FAIR VALUE DISCLOSURES - (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Liabilities Measured on Recurring Basis	The following table provides fair value measurement information of the Company's financial liability measured on a recurring basis as of September 30, 2015 (in thousands): Fair Value Measurements Using: Quoted Prices in Active Markets Observable Inputs Unobservable Inputs (Level 1) (Level 2) (Level 3) Interest Rate Swap $ — $ 3,852 $ —

SUPPLEMENTAL CONSOLIDATING ST28

SUPPLEMENTAL CONSOLIDATING STATEMENTS (Tables)	9 Months Ended
	Sep. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet	NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET SEPTEMBER 30, 2015 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Eliminations Total ASSETS Cash and cash equivalents $ 230 $ — $ — $ 2 $ — $ 232 Accounts receivable, net 60,869 — — — — 60,869 Inventories 2,244 — — — — 2,244 Rental equipment, net 468,534 — — — — 468,534 Property and equipment, net 34,637 — — — — 34,637 Prepaid expenses and other assets 15,429 — — — — 15,429 Goodwill 58,765 — — — — 58,765 Investment in subsidiary — 52,688 52,688 160,841 (266,217 ) — Intercompany 6,490 — — (6,490 ) — — Intangible assets, net 15,635 — — — — 15,635 Total assets $ 662,833 $ 52,688 $ 52,688 $ 154,353 $ (266,217 ) $ 656,345 LIABILITIES AND STOCKHOLDERS' DEFICIT / MEMBERS' DEFICIT Liabilities Accounts payable $ 9,338 $ — $ — $ — $ — $ 9,338 Accrued expenses and other liabilities 33,555 — — — — 33,555 Revolving credit facility 278,000 — — — — 278,000 Second lien loan, net 476,898 — — — — 476,898 Payable pursuant to tax receivable agreement — — — 29,081 — 29,081 Deferred tax liability, net — — — 7,490 — 7,490 Total liabilities 797,791 — — 36,571 — 834,362 Stockholders' deficit / members' deficit Class A Common Stock — — — 105 — 105 Class B Common Stock — — — 150 — 150 Additional paid-in capital — — — 34,576 (146,143 ) (111,567 ) Retained earnings — — — 13,153 — 13,153 Members' deficit (187,646 ) — — — 187,646 — Accumulated surplus 52,688 52,688 52,688 — (158,064 ) — Total stockholders' deficit / members' deficit (134,958 ) 52,688 52,688 47,984 (116,561 ) (98,159 ) Non-controlling interest — — — 69,798 (149,656 ) (79,858 ) Total stockholders' deficit / members' deficit and non-controlling interest (134,958 ) 52,688 52,688 117,782 (266,217 ) (178,017 ) Total liabilities and stockholders' deficit / members' deficit and non-controlling interest $ 662,833 $ 52,688 $ 52,688 $ 154,353 $ (266,217 ) $ 656,345 NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2014 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Eliminations Total ASSETS Cash and cash equivalents $ 205 $ — $ — $ 2 $ — $ 207 Accounts receivable, net 66,375 — — — — 66,375 Inventories 2,005 — — — — 2,005 Rental equipment, net 420,245 — — — — 420,245 Property and equipment, net 30,210 — — — — 30,210 Prepaid expenses and other assets 16,959 — — — — 16,959 Goodwill 58,765 — — — — 58,765 Investment in subsidiary — 25,627 25,627 148,791 (200,045 ) — Intercompany 6,206 — — (6,206 ) — — Intangible assets, net 16,600 — — — — 16,600 Total assets $ 617,570 $ 25,627 $ 25,627 $ 142,587 $ (200,045 ) $ 611,366 LIABILITIES AND STOCKHOLDERS' DEFICIT / MEMBERS' DEFICIT Liabilities Accounts payable $ 27,389 $ — $ — $ — $ — $ 27,389 Accrued expenses and other liabilities 31,188 — — 15 — 31,203 Revolving credit facility 245,200 — — — — 245,200 Second lien loan, net 476,713 — — — — 476,713 Payable pursuant to tax receivable agreement — — — 31,557 — 31,557 Deferred tax liability, net — — — 5,405 — 5,405 Total liabilities 780,490 — — 36,977 — 817,467 Stockholders' deficit / members' deficit Class A Common Stock — — — 105 — 105 Class B Common Stock — — — 150 — 150 Additional paid-in capital — — — 33,958 (146,143 ) (112,185 ) Retained earnings — — — 1,599 — 1,599 Members' deficit (188,547 ) — — — 188,547 — Accumulated surplus 25,627 25,627 25,627 — (76,881 ) — Total stockholders' deficit / members' deficit (162,920 ) 25,627 25,627 35,812 (34,477 ) (110,331 ) Non-controlling interest — — — 69,798 (165,568 ) (95,770 ) Total stockholders' deficit / members' deficit and non-controlling interest (162,920 ) 25,627 25,627 105,610 (200,045 ) (206,101 ) Total liabilities and stockholders' deficit / members' deficit and non-controlling interest $ 617,570 $ 25,627 $ 25,627 $ 142,587 $ (200,045 ) $ 611,366
Condensed Consolidating Statement of Operations	SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2015 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Eliminations Total Revenues Rental revenues $ 90,532 $ — $ — $ — $ — $ 90,532 Equipment sales 5,559 — — — — 5,559 Parts and service 3,333 — — — — 3,333 Total revenues 99,424 — — — — 99,424 Cost of revenues Cost of equipment sold 3,474 — — — — 3,474 Depreciation of rental equipment 21,553 — — — — 21,553 Cost of rental revenues 21,186 — — — — 21,186 Cost of parts and service 1,964 — — — — 1,964 Total cost of revenues 48,177 — — — — 48,177 Gross profit 51,247 — — — — 51,247 Other operating expenses Selling, general and administrative expenses 22,852 — — — — 22,852 Other depreciation and amortization 2,678 — — — — 2,678 Total other operating expenses 25,530 — — — — 25,530 Income from operations 25,717 — — — — 25,717 Other expenses Interest expense 10,907 — — — — 10,907 Adjustment to tax receivable agreement — — — 411 — 411 Loss on interest rate swap 4,216 — — — — 4,216 Amortization of debt issue costs 392 — — — — 392 Total other expenses 15,515 — — 411 — 15,926 Income (loss) before income taxes 10,202 — — (411 ) — 9,791 Equity earnings in subsidiaries — 10,608 10,608 4,370 (25,586 ) — Benefit from (provision for) income taxes 406 — — (753 ) — (347 ) Net income 10,608 10,608 10,608 3,206 (25,586 ) 9,444 Less: net income attributable to non-controlling interest 6,238 6,238 6,238 — (12,476 ) 6,238 Net income attributable to Neff Corporation $ 4,370 $ 4,370 $ 4,370 $ 3,206 $ (13,110 ) $ 3,206
Condensed Consolidating Statement of Cash Flow	SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Eliminations Total Cash Flows from Operating Activities Net income $ 27,061 $ 27,061 $ 27,061 $ 11,554 $ (65,271 ) $ 27,466 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation 69,111 — — — — 69,111 Amortization of debt issue costs 1,144 — — — — 1,144 Amortization of intangible assets 965 — — — — 965 Amortization of original issue discount 185 — — — — 185 Gain on sale of equipment (6,656 ) — — — — (6,656 ) Provision for bad debt 1,431 — — — — 1,431 Equity-based compensation 901 — — — — 901 Deferred income taxes — — — 2,085 — 2,085 Adjustment to tax receivable agreement — — — (2,476 ) — (2,476 ) Unrealized loss on interest rate swap 3,852 — — — — 3,852 Equity earnings in subsidiaries — (27,061 ) (27,061 ) (11,149 ) 65,271 — Changes in operating assets and liabilities: Accounts receivable 4,075 — — — — 4,075 Inventories, prepaid expenses and other assets 147 — — — — 147 Accounts payable (1,271 ) — — — — (1,271 ) Accrued expenses and other liabilities (1,255 ) — — (15 ) — (1,270 ) Net cash provided by (used in) operating activities 99,690 — — (1 ) — 99,689 Cash Flows from Investing Activities Purchases of rental equipment (138,959 ) — — — — (138,959 ) Proceeds from sale of equipment 18,520 — — — — 18,520 Purchases of property and equipment (11,742 ) — — — — (11,742 ) Net cash used in investing activities (132,181 ) — — — — (132,181 ) Cash Flows from Financing Activities Repayments under revolving credit facility (95,239 ) — — — — (95,239 ) Borrowings under revolving credit facility 128,039 — — — — 128,039 Payment of costs directly associated with the issuance of Class A common stock — — — (283 ) — (283 ) Intercompany (284 ) — — 284 — — Net cash provided by financing activities 32,516 — — 1 — 32,517 Net increase in cash and cash equivalents 25 — — — — 25 Cash and cash equivalents, beginning of period 205 — — 2 — 207 Cash and cash equivalents, end of period $ 230 $ — $ — $ 2 $ — $ 232

BUSINESS AND ORGANIZATION - Add

BUSINESS AND ORGANIZATION - Additional Information (Details) - $ / shares	Nov. 26, 2014	Sep. 30, 2015	Dec. 31, 2014
Neff Holdings LLC
Class of Stock [Line Items]
Ownership percentage by parent	41.20%	41.20%	41.20%
IPO [Member] | Common Class A
Class of Stock [Line Items]
Stock issued during period (in shares)	10,476,190
Price of stock for public offering (in dollars per share)	$ 15

BASIS OF PRESENTATION - Additio

BASIS OF PRESENTATION - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)segment
Accounting Policies [Abstract]
Number of operating segments correponding to the number of regions in which entity operates	5
Number of reportable segments	1
Deferred debt issuance costs | $	$ 9.3

NON-CONTROLLING INTEREST - Sche

NON-CONTROLLING INTEREST - Schedule of Ownership of Common Units (Details) - shares	Sep. 30, 2015	Dec. 31, 2014	Nov. 26, 2014
Noncontrolling Interest [Line Items]
Aggregate Ownership of Noncontrolling Interest	100.00%	100.00%
Neff Holdings LLC
Noncontrolling Interest [Line Items]
Number of common units	25,445,816	25,427,815
Neff Holdings LLC | Non-controlling Interest
Noncontrolling Interest [Line Items]
Number of common units	14,951,625	14,951,625
Neff Holdings LLC | Neff Corporation
Noncontrolling Interest [Line Items]
Number of common units	10,494,191	10,476,190
Neff Holdings LLC
Noncontrolling Interest [Line Items]
Ownership percentage by non-controlling interest	58.80%	58.80%	58.80%
Ownership percentage by parent	41.20%	41.20%	41.20%

NON-CONTROLLING INTEREST - Sc32

NON-CONTROLLING INTEREST - Schedule of Equity by Non-controlling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance			$ (95,770)
Equity-based compensation			901
Net income attributable to non-controlling interest	$ 6,238	$ 19,314	15,912	$ 1,905
Ending balance	$ (79,858)		(79,858)
Non-controlling Interest
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net income attributable to non-controlling interest			$ 15,912

NON-CONTROLLING INTEREST - Addi

NON-CONTROLLING INTEREST - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Nov. 26, 2014
Noncontrolling Interest [Line Items]
Payable pursuant to tax receivable agreement	$ 29,081		$ 29,081		$ 31,557
Adjustment to tax receivable agreement	$ (411)	$ 0	$ 2,476	$ 0
Neff Holdings LLC
Noncontrolling Interest [Line Items]
Ownership percentage by parent	41.20%		41.20%		41.20%	41.20%
Ownership percentage by non-controlling interest	58.80%		58.80%		58.80%	58.80%

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator:
Net income attributable to Neff Corporation		$ 3,206	$ 0	$ 11,554	$ 0
Add dilutive effect of the following (in shares)
Neff Holdings options (redeemable for cash or Class A common stock)	1,265
Neff Corporation stock options		289		289
Common Class A
Denominator for diluted net income per share of Class A common stock:
Weighted average shares of Class A common stock outstanding		10,494		10,484
Add dilutive effect of the following (in shares)
Weighted average shares of Class A common stock outstanding, diluted		12,048		12,038
Net income attributable to Neff Corporation per share of Class A common stock, basic (in dollars per share)		$ 0.31		$ 1.10
Net income attributable to Neff Corporation per share of Class A common stock, diluted (in dollars per share)		$ 0.27		$ 0.96

INTANGIBLE ASSETS - Schedule of

INTANGIBLE ASSETS - Schedule of Carrying Amount and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 24,841		$ 24,841		$ 24,841
Accumulated Amortization	(9,206)		(9,206)		(8,241)
Net Book Value	15,635		15,635		$ 16,600
Amortization of intangible assets			$ 965	$ 1,131
Customer Lists
Finite-Lived Intangible Assets [Line Items]
Average Useful Life (in years)			12 years		12 years
Gross Carrying Amount	13,987		$ 13,987		$ 13,987
Accumulated Amortization	(9,206)		(9,206)		(8,241)
Net Book Value	4,781		4,781		5,746
Amortization of intangible assets	300	$ 400	1,000	$ 1,100
Trademarks and Trade Names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	10,854		10,854		10,854
Net Book Value	$ 10,854		$ 10,854		$ 10,854

INTANGIBLE ASSETS - Accumulated

INTANGIBLE ASSETS - Accumulated Amortization and Expected Future Amortization (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Accumulated Amortization	$ 9,206	$ 8,241
Estimated amortization expense for:
Remainder of 2015	321
2,016	1,070
2,017	877
2,018	719
2,019	589
2020 through 2022	1,205
Total	$ 13,987

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 09, 2014	Oct. 01, 2010	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Revolving credit facility			$ 278,000	$ 245,200
Long-term Debt			754,898	721,913
Second lien loan, net of original issue discount			476,898	476,713
Second Lien Loan | Second Lien Loan
Debt Instrument [Line Items]
Long-term Debt				476,713
Second lien loan, net of original issue discount			476,898
Original issue discount			$ 2,102
Debt instrument effective interest rate percentage			7.25%
London Interbank Offered Rate (LIBOR) | Second Lien Loan | Second Lien Loan
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	6.25%
Debt instrument, interest rate, floor of variable rate	1.00%
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Revolving credit facility			$ 278,000
Long-term Debt				$ 245,200
Line of credit facility, interest rate at period end			2.50%
Revolving Credit Facility | Prime Rate | Line of Credit
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.50%
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Line of Credit
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.50%

DEBT - Additional Information (

DEBT - Additional Information (Details) - USD ($)	Nov. 20, 2014	Oct. 14, 2014	Jun. 09, 2014	Mar. 12, 2012	Oct. 01, 2010	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Nov. 20, 2013	Oct. 25, 2012	May. 31, 2011
Debt Instrument [Line Items]
Distribution to members						$ 0	$ 329,885,000
Loss on extinguishment of debt						0	15,896,000
Call premiums						0	$ 7,218,000
Outstanding letters of credit						3,700,000		$ 4,500,000
Senior Secured Notes
Debt Instrument [Line Items]
Loss on extinguishment of debt			$ 15,900,000
Write off of deferred debt issuance cost			8,700,000
Call premiums			7,200,000
Neff Rental LLC and Neff Rental Finance Corp | Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument, face amount											$ 200,000,000
Stated interest rate											9.625%
Neff Holdings LLC
Debt Instrument [Line Items]
Distribution to members	$ 110,000,000		329,900,000
Neff Rental LLC | Second Lien Loan
Debt Instrument [Line Items]
Accumulated amortization of deferred finance costs						800,000		300,000
Second Lien Loan | Neff Rental LLC | Second Lien Loan
Debt Instrument [Line Items]
Debt instrument, face amount			575,000,000
Original issue discount			2,900,000
Repayments of Debt		$ 96,000,000
Revolving Credit Facility | Neff Rental LLC and Neff LLC
Debt Instrument [Line Items]
Line of credit facility, interest payments due for LIBOR interest					3 months
Line of credit facility, maximum borrowing capacity			$ 425,000,000	$ 200,000,000					$ 375,000,000	$ 225,000,000
Line of credit facility, accordion feature, increase limit				$ 100,000,000
Line of credit facility, alternate maturity date, number of days prior to maturity of senior secured debt	90 days			90 days
Current availability						143,200,000
Accumulated amortization of deferred finance costs						$ 3,900,000		$ 3,200,000
Line of credit facility covenants, trigger, minimum availability					$ 42,500,000

EQUITY-BASED COMPENSATION EQUIT

EQUITY-BASED COMPENSATION EQUITY-BASED COMPENSATION - Schedule of Stock Option Activity (Details) shares in Thousands	9 Months Ended
	Sep. 30, 2015shares
Stock options outstanding (in shares)
Beginning balance	270
Granted	19
Exercised	0
Forfeited	0
Ending balance	289
Number of Vested and Unvested Awards (in shares)
Vested	0
Unvested	289
Neff Holdings LLC
Stock options outstanding (in shares)
Beginning balance	1,265
Granted	0
Exercised	0
Forfeited	0
Ending balance	1,265
Number of Vested and Unvested Awards (in shares)
Vested	1,261
Unvested	4
Restricted Stock Units (RSUs)
Restricted stock outstanding (in shares)
Beginning balance	85
Granted	4
Exercised	(18)
Forfeited	0
Ending balance	71
Number of Vested and Unvested Awards (in shares)
Vested	0
Unvested	71

EQUITY-BASED COMPENSATION - Add

EQUITY-BASED COMPENSATION - Additional Information (Details) $ in Thousands, shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)shares	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)shares	Sep. 30, 2014USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation			$ 901	$ 792
Common stock, conversion ratio, common unit to Class A common stock			1
Neff Holdings LLC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 200	$ 300	$ 900	$ 800
Incentive Plan 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares available | shares	1.1		1.1

DERIVIATIVE FINANCIAL INSTRUMEN

DERIVIATIVE FINANCIAL INSTRUMENTS - Schedule of Derivative Fixed Interest Rates (Details)	Apr. 08, 2019	Apr. 09, 2018	Apr. 10, 2017	Apr. 08, 2016	Apr. 08, 2015
Derivative [Line Items]
Derivative, fixed interest rate					0.4726%
Scenario, Forecast
Derivative [Line Items]
Derivative, fixed interest rate	2.143%	1.961%	1.681%	1.157%

DERIVATIVE FINANCIAL INSTRUME42

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Loss Recognized in Earnings	$ (4,216)	$ 0	$ (4,097)	$ 0
Interest Rate Swap | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss Recognized in Earnings	4,216	$ 0	4,097	$ 0
Fair Value of Derivative					$ 0
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair Value of Derivative	$ 3,852		$ 3,852

DERIVATIVE FINANCIAL INSTRUME43

DERIVATIVE FINANCIAL INSTRUMENTS - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Mar. 24, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Loss Recognized in Earnings	$ (4,216,000)	$ 0	$ (4,097,000)	$ 0
Unrealized gain (loss) on interest rate swap			(3,852,000)	0
Interest Rate Swap | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liability, notional amount					$ 200,000,000
Loss Recognized in Earnings	4,216,000	$ 0	4,097,000	$ 0
Unrealized gain (loss) on interest rate swap	4,100,000		3,900,000
Gain (loss) on settlement payments for derivatives	$ (100,000)		$ 200,000
Fair value of derivative liability						$ 0

INCOME TAXES - Components of In

INCOME TAXES - Components of Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Current expense
Federal	$ 0	$ 0	$ 0	$ 0
State and local	(527)	(4,848)	(393)	(4,610)
Total current (benefit) expense	(527)	(4,848)	(393)	(4,610)
Deferred expense
Federal	1,265	0	2,520	0
State and local	(391)	0	(435)	0
Total deferred expense	874	0	2,085	0
Total	$ 347	$ (4,848)	$ 1,692	$ (4,610)

INCOME TAXES - Effective Income

INCOME TAXES - Effective Income Tax Rate Reconciliation (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Effective Income Tax Rate Reconciliation, Percent [Abstract]
U.S. federal statutory income tax rate	35.00%	35.00%	35.00%	35.00%
State and local income taxes, net of federal benefit	(1.20%)	0.00%	(0.30%)	0.00%
Uncertain tax positions	(5.90%)	(33.50%)	(2.00%)	170.40%
Permanent book/tax differences	(2.70%)	0.00%	(7.90%)	0.00%
Change in tax rate	0.00%	0.00%	0.10%	0.00%
Non-controlling interest	(20.60%)	(35.00%)	(18.60%)	(35.00%)
Other	(1.20%)	0.00%	(0.60%)	0.00%
Effective tax rate	3.40%	(33.50%)	5.70%	170.40%

INCOME TAXES - Schedule of Net

INCOME TAXES - Schedule of Net Deferred Tax Asset Liability (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 10,534	$ 2,535
Bad debt expense	346	336
Accrued liabilities	592	902
Equity-based compensation	238	139
Loss on interest rate swap	606	0
Insurance/parts reserves	525	543
Straight-line rent adjustment	97	100
Uncertain tax positions	0	104
Subtotal	12,938	4,659
Less: valuation allowance	0	0
Total deferred tax assets	12,938	4,659
Deferred Tax Liabilities
Intangible assets	(3,310)	(2,841)
Deferred debt costs	(333)	(230)
Depreciation	(16,785)	(6,993)
Total deferred tax liability	(20,428)	(10,064)
Net Deferred Tax Liability	$ (7,490)	$ (5,405)

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Income Tax Contingency [Line Items]
Uncertain tax position recorded in accrued expenses	$ 0.4		$ 0.4
Interest and penalties accrued	0.3		$ 0.3
Reversed uncertain tax position during the period	(0.4)	$ (3.2)
Scenario, Adjustment [Member]
Income Tax Contingency [Line Items]
Reversed interest and penalties during the period	$ 0.3	$ (1.7)

FAIR VALUE DISCLOSURES - (Detai

FAIR VALUE DISCLOSURES - (Details) - Interest Rate Swap - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Measurements, Recurring | Fair Value Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ 0
Fair Value, Measurements, Recurring | Fair Value Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0
Not Designated as Hedging Instrument [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Derivative		$ 0
Not Designated as Hedging Instrument [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Derivative	$ 3,852

SUPPLEMENTAL CONSOLIDATING ST49

SUPPLEMENTAL CONSOLIDATING STATEMENTS - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 232	$ 207	$ 1,999	$ 190
Accounts receivable, net	60,869	66,375
Inventories	2,244	2,005
Rental equipment, net	468,534	420,245
Property and equipment, net	34,637	30,210
Prepaid expenses and other assets	15,429	16,959
Goodwill	58,765	58,765
Investment in Subsidiary	0	0
Intercompany	0	0
Intangible assets, net	15,635	16,600
Total assets	656,345	611,366
Liabilities
Accounts payable	9,338	27,389
Accrued expenses and other liabilities	33,555	31,203
Revolving credit facility	278,000	245,200
Second lien loan, net of original issue discount	476,898	476,713
Payable pursuant to tax receivable agreement	29,081	31,557
Deferred tax liability, net	7,490	5,405
Total liabilities	834,362	817,467
Stockholders' deficit
Additional paid-in capital	(111,567)	(112,185)
Retained earnings	13,153	1,599
Members' deficit	0	0
Accumulated surplus	0	0
Total stockholders' deficit	(98,159)	(110,331)
Non-controlling interest	(79,858)	(95,770)
Total stockholders' deficit and non-controlling interest	(178,017)	(206,101)
Total liabilities and stockholders' deficit and non-controlling interest	656,345	611,366
Eliminations
ASSETS
Cash and cash equivalents	0	0
Accounts receivable, net	0	0
Inventories	0	0
Rental equipment, net	0	0
Property and equipment, net	0	0
Prepaid expenses and other assets	0	0
Goodwill	0	0
Investment in Subsidiary	(266,217)	(200,045)
Intercompany	0	0
Intangible assets, net	0	0
Total assets	(266,217)	(200,045)
Liabilities
Accounts payable	0	0
Accrued expenses and other liabilities	0	0
Revolving credit facility	0	0
Second lien loan, net of original issue discount	0	0
Payable pursuant to tax receivable agreement	0	0
Deferred tax liability, net	0	0
Total liabilities	0	0
Stockholders' deficit
Additional paid-in capital	(146,143)	(146,143)
Retained earnings	0	0
Members' deficit	187,646	188,547
Accumulated surplus	(158,064)	(76,881)
Total stockholders' deficit	(116,561)	(34,477)
Non-controlling interest	(149,656)	(165,568)
Total stockholders' deficit and non-controlling interest	(266,217)	(200,045)
Total liabilities and stockholders' deficit and non-controlling interest	(266,217)	(200,045)
Neff Rental LLC | Reportable Legal Entities
ASSETS
Cash and cash equivalents	230	205
Accounts receivable, net	60,869	66,375
Inventories	2,244	2,005
Rental equipment, net	468,534	420,245
Property and equipment, net	34,637	30,210
Prepaid expenses and other assets	15,429	16,959
Goodwill	58,765	58,765
Investment in Subsidiary	0	0
Intercompany	6,490	6,206
Intangible assets, net	15,635	16,600
Total assets	662,833	617,570
Liabilities
Accounts payable	9,338	27,389
Accrued expenses and other liabilities	33,555	31,188
Revolving credit facility	278,000	245,200
Second lien loan, net of original issue discount	476,898	476,713
Payable pursuant to tax receivable agreement	0	0
Deferred tax liability, net	0	0
Total liabilities	797,791	780,490
Stockholders' deficit
Additional paid-in capital	0	0
Retained earnings	0	0
Members' deficit	(187,646)	(188,547)
Accumulated surplus	52,688	25,627
Total stockholders' deficit	(134,958)	(162,920)
Non-controlling interest	0	0
Total stockholders' deficit and non-controlling interest	(134,958)	(162,920)
Total liabilities and stockholders' deficit and non-controlling interest	662,833	617,570
Neff LLC | Reportable Legal Entities
ASSETS
Cash and cash equivalents	0	0
Accounts receivable, net	0	0
Inventories	0	0
Rental equipment, net	0	0
Property and equipment, net	0	0
Prepaid expenses and other assets	0	0
Goodwill	0	0
Investment in Subsidiary	52,688	25,627
Intercompany	0	0
Intangible assets, net	0	0
Total assets	52,688	25,627
Liabilities
Accounts payable	0	0
Accrued expenses and other liabilities	0	0
Revolving credit facility	0	0
Second lien loan, net of original issue discount	0	0
Payable pursuant to tax receivable agreement	0	0
Deferred tax liability, net	0	0
Total liabilities	0	0
Stockholders' deficit
Additional paid-in capital	0	0
Retained earnings	0	0
Members' deficit	0	0
Accumulated surplus	52,688	25,627
Total stockholders' deficit	52,688	25,627
Non-controlling interest	0	0
Total stockholders' deficit and non-controlling interest	52,688	25,627
Total liabilities and stockholders' deficit and non-controlling interest	52,688	25,627
Neff Holdings LLC | Reportable Legal Entities
ASSETS
Cash and cash equivalents	0	0
Accounts receivable, net	0	0
Inventories	0	0
Rental equipment, net	0	0
Property and equipment, net	0	0
Prepaid expenses and other assets	0	0
Goodwill	0	0
Investment in Subsidiary	52,688	25,627
Intercompany	0	0
Intangible assets, net	0	0
Total assets	52,688	25,627
Liabilities
Accounts payable	0	0
Accrued expenses and other liabilities	0	0
Revolving credit facility	0	0
Second lien loan, net of original issue discount	0	0
Payable pursuant to tax receivable agreement	0	0
Deferred tax liability, net	0	0
Total liabilities	0	0
Stockholders' deficit
Additional paid-in capital	0	0
Retained earnings	0	0
Members' deficit	0	0
Accumulated surplus	52,688	25,627
Total stockholders' deficit	52,688	25,627
Non-controlling interest	0	0
Total stockholders' deficit and non-controlling interest	52,688	25,627
Total liabilities and stockholders' deficit and non-controlling interest	52,688	25,627
Neff Corporation | Reportable Legal Entities
ASSETS
Cash and cash equivalents	2	2
Accounts receivable, net	0	0
Inventories	0	0
Rental equipment, net	0	0
Property and equipment, net	0	0
Prepaid expenses and other assets	0	0
Goodwill	0	0
Investment in Subsidiary	160,841	148,791
Intercompany	(6,490)	(6,206)
Intangible assets, net	0	0
Total assets	154,353	142,587
Liabilities
Accounts payable	0	0
Accrued expenses and other liabilities	0	15
Revolving credit facility	0	0
Second lien loan, net of original issue discount	0	0
Payable pursuant to tax receivable agreement	29,081	31,557
Deferred tax liability, net	7,490	5,405
Total liabilities	36,571	36,977
Stockholders' deficit
Additional paid-in capital	34,576	33,958
Retained earnings	13,153	1,599
Members' deficit	0	0
Accumulated surplus	0	0
Total stockholders' deficit	47,984	35,812
Non-controlling interest	69,798	69,798
Total stockholders' deficit and non-controlling interest	117,782	105,610
Total liabilities and stockholders' deficit and non-controlling interest	154,353	142,587
Common Class A
Stockholders' deficit
Common stock	105	105
Common Class A | Eliminations
Stockholders' deficit
Common stock	0	0
Common Class A | Neff Rental LLC | Reportable Legal Entities
Stockholders' deficit
Common stock	0	0
Common Class A | Neff LLC | Reportable Legal Entities
Stockholders' deficit
Common stock	0	0
Common Class A | Neff Holdings LLC | Reportable Legal Entities
Stockholders' deficit
Common stock	0	0
Common Class A | Neff Corporation | Reportable Legal Entities
Stockholders' deficit
Common stock	105	105
Common Class B
Stockholders' deficit
Common stock	150	150
Common Class B | Eliminations
Stockholders' deficit
Common stock	0	0
Common Class B | Neff Rental LLC | Reportable Legal Entities
Stockholders' deficit
Common stock	0	0
Common Class B | Neff LLC | Reportable Legal Entities
Stockholders' deficit
Common stock	0	0
Common Class B | Neff Holdings LLC | Reportable Legal Entities
Stockholders' deficit
Common stock	0	0
Common Class B | Neff Corporation | Reportable Legal Entities
Stockholders' deficit
Common stock	$ 150	$ 150

SUPPLEMENTAL CONSOLIDATING ST50

SUPPLEMENTAL CONSOLIDATING STATEMENTS - Condensed Consolidating Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues
Rental revenues	$ 90,532	$ 87,736	$ 249,493	$ 240,362
Equipment sales	5,559	6,561	18,520	17,355
Parts and service	3,333	3,450	9,724	10,125
Total revenues	99,424	97,747	277,737	267,842
Cost of revenues
Cost of equipment sold	3,474	3,758	11,864	9,877
Depreciation of rental equipment	21,553	18,342	62,280	54,831
Cost of rental revenues	21,186	22,045	58,556	59,669
Cost of parts and service	1,964	2,064	5,534	6,158
Total cost of revenues	48,177	46,209	138,234	130,535
Gross profit	51,247	51,538	139,503	137,307
Other operating expenses
Selling, general and administrative expenses	22,852	21,081	67,610	61,453
Other depreciation and amortization	2,678	2,441	7,796	7,149
Total other operating expenses	25,530	23,522	75,406	93,108
Income from operations	25,717	28,016	64,097	44,199
Other expenses
Interest expense	10,907	13,194	32,174	28,313
Adjustment to tax receivable agreement	411	0	(2,476)	0
Loss on interest rate swap	4,216	0	4,097	0
Amortization of debt issue costs	392	356	1,144	2,695
Total other expenses	15,926	13,550	34,939	46,904
Income before income taxes	9,791	14,466	29,158	(2,705)
Equity earnings in subsidiaries	0		0
(Provision for) benefit from income taxes	(347)	4,848	(1,692)	4,610
Net income	9,444	19,314	27,466	1,905
Less: net income attributable to non-controlling interest	6,238	19,314	15,912	1,905
Net income attributable to Neff Corporation	3,206	$ 0	11,554	$ 0
Eliminations
Revenues
Rental revenues	0		0
Equipment sales	0		0
Parts and service	0		0
Total revenues	0		0
Cost of revenues
Cost of equipment sold	0		0
Depreciation of rental equipment	0		0
Cost of rental revenues	0		0
Cost of parts and service	0		0
Total cost of revenues	0		0
Gross profit	0		0
Other operating expenses
Selling, general and administrative expenses	0		0
Other depreciation and amortization	0		0
Total other operating expenses	0		0
Income from operations	0		0
Other expenses
Interest expense	0		0
Adjustment to tax receivable agreement	0		0
Loss on interest rate swap	0		0
Amortization of debt issue costs	0		0
Total other expenses	0		0
Income before income taxes	0		0
Equity earnings in subsidiaries	(25,586)		(65,271)
(Provision for) benefit from income taxes	0		0
Net income	(25,586)		(65,271)
Less: net income attributable to non-controlling interest	(12,476)		(31,824)
Net income attributable to Neff Corporation	(13,110)		(33,447)
Neff Rental LLC | Reportable Legal Entities
Revenues
Rental revenues	90,532		249,493
Equipment sales	5,559		18,520
Parts and service	3,333		9,724
Total revenues	99,424		277,737
Cost of revenues
Cost of equipment sold	3,474		11,864
Depreciation of rental equipment	21,553		62,280
Cost of rental revenues	21,186		58,556
Cost of parts and service	1,964		5,534
Total cost of revenues	48,177		138,234
Gross profit	51,247		139,503
Other operating expenses
Selling, general and administrative expenses	22,852		67,610
Other depreciation and amortization	2,678		7,796
Total other operating expenses	25,530		75,406
Income from operations	25,717		64,097
Other expenses
Interest expense	10,907		32,174
Adjustment to tax receivable agreement	0		0
Loss on interest rate swap	4,216		4,097
Amortization of debt issue costs	392		1,144
Total other expenses	15,515		37,415
Income before income taxes	10,202		26,682
Equity earnings in subsidiaries	0		0
(Provision for) benefit from income taxes	406		379
Net income	10,608		27,061
Less: net income attributable to non-controlling interest	6,238		15,912
Net income attributable to Neff Corporation	4,370		11,149
Neff LLC | Reportable Legal Entities
Revenues
Rental revenues	0		0
Equipment sales	0		0
Parts and service	0		0
Total revenues	0		0
Cost of revenues
Cost of equipment sold	0		0
Depreciation of rental equipment	0		0
Cost of rental revenues	0		0
Cost of parts and service	0		0
Total cost of revenues	0		0
Gross profit	0		0
Other operating expenses
Selling, general and administrative expenses	0		0
Other depreciation and amortization	0		0
Total other operating expenses	0		0
Income from operations	0		0
Other expenses
Interest expense	0		0
Adjustment to tax receivable agreement	0		0
Loss on interest rate swap	0		0
Amortization of debt issue costs	0		0
Total other expenses	0		0
Income before income taxes	0		0
Equity earnings in subsidiaries	10,608		27,061
(Provision for) benefit from income taxes	0		0
Net income	10,608		27,061
Less: net income attributable to non-controlling interest	6,238		15,912
Net income attributable to Neff Corporation	4,370		11,149
Neff Holdings LLC | Reportable Legal Entities
Revenues
Rental revenues	0		0
Equipment sales	0		0
Parts and service	0		0
Total revenues	0		0
Cost of revenues
Cost of equipment sold	0		0
Depreciation of rental equipment	0		0
Cost of rental revenues	0		0
Cost of parts and service	0		0
Total cost of revenues	0		0
Gross profit	0		0
Other operating expenses
Selling, general and administrative expenses	0		0
Other depreciation and amortization	0		0
Total other operating expenses	0		0
Income from operations	0		0
Other expenses
Interest expense	0		0
Adjustment to tax receivable agreement	0		0
Loss on interest rate swap	0		0
Amortization of debt issue costs	0		0
Total other expenses	0		0
Income before income taxes	0		0
Equity earnings in subsidiaries	10,608		27,061
(Provision for) benefit from income taxes	0		0
Net income	10,608		27,061
Less: net income attributable to non-controlling interest	6,238		15,912
Net income attributable to Neff Corporation	4,370		11,149
Neff Corporation | Reportable Legal Entities
Revenues
Rental revenues	0		0
Equipment sales	0		0
Parts and service	0		0
Total revenues	0		0
Cost of revenues
Cost of equipment sold	0		0
Depreciation of rental equipment	0		0
Cost of rental revenues	0		0
Cost of parts and service	0		0
Total cost of revenues	0		0
Gross profit	0		0
Other operating expenses
Selling, general and administrative expenses	0		0
Other depreciation and amortization	0		0
Total other operating expenses	0		0
Income from operations	0		0
Other expenses
Interest expense	0		0
Adjustment to tax receivable agreement	411		(2,476)
Loss on interest rate swap	0		0
Amortization of debt issue costs	0		0
Total other expenses	411		(2,476)
Income before income taxes	(411)		2,476
Equity earnings in subsidiaries	4,370		11,149
(Provision for) benefit from income taxes	(753)		(2,071)
Net income	3,206		11,554
Less: net income attributable to non-controlling interest	0		0
Net income attributable to Neff Corporation	$ 3,206		$ 11,554

SUPPLEMENTAL CONSOLIDATING ST51

SUPPLEMENTAL CONSOLIDATING STATEMENTS - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Cash Flows from Operating Activities
Net income	$ 9,444	$ 19,314	$ 27,466	$ 1,905
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation			69,111	60,849
Amortization of debt issue costs	392	356	1,144	2,695
Amortization of intangible assets			965	1,131
Amortization of original issue discount			185	70
Gain on sale of equipment			(6,656)	(7,478)
Provision for bad debt			1,431	1,929
Equity-based compensation			901	792
Deferred income taxes	874	0	2,085	0
Adjustment to tax receivable agreement	411	0	(2,476)	0
Unrealized loss on interest rate swap			3,852	0
Equity earnings in subsidiaries	0		0
Changes in operating assets and liabilities:
Accounts receivable			4,075	(5,293)
Inventories, prepaid expenses and other assets			147	(2,904)
Accounts payable			(1,271)	(856)
Accrued expenses and other liabilities			(1,270)	(380)
Net cash provided by operating activities			99,689	68,356
Cash Flows from Investing Activities
Purchases of rental equipment			(138,959)	(135,930)
Proceeds from sale of equipment			18,520	17,355
Purchases of property and equipment			(11,742)	(11,729)
Net cash used in investing activities			(132,181)	(130,304)
Cash Flows from Financing Activities
Repayments under revolving credit facility			95,239	464,939
Borrowings under revolving credit facility			128,039	502,739
Payment of costs directly associated with the issuance of Class A common stock			(283)	0
Intercompany			0
Net cash provided by financing activities			32,517	63,757
Net increase in cash and cash equivalents			25	1,809
Cash and cash equivalents, beginning of period		$ 1,999	207	$ 190
Cash and cash equivalents, end of period	232		232
Eliminations
Cash Flows from Operating Activities
Net income	(25,586)		(65,271)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation			0
Amortization of debt issue costs	0		0
Amortization of intangible assets			0
Amortization of original issue discount			0
Gain on sale of equipment			0
Provision for bad debt			0
Equity-based compensation			0
Deferred income taxes			0
Adjustment to tax receivable agreement	0		0
Unrealized loss on interest rate swap			0
Equity earnings in subsidiaries	25,586		65,271
Changes in operating assets and liabilities:
Accounts receivable			0
Inventories, prepaid expenses and other assets			0
Accounts payable			0
Accrued expenses and other liabilities			0
Net cash provided by operating activities			0
Cash Flows from Investing Activities
Purchases of rental equipment			0
Proceeds from sale of equipment			0
Purchases of property and equipment			0
Net cash used in investing activities			0
Cash Flows from Financing Activities
Repayments under revolving credit facility			0
Borrowings under revolving credit facility			0
Payment of costs directly associated with the issuance of Class A common stock			0
Intercompany			0
Net cash provided by financing activities			0
Net increase in cash and cash equivalents			0
Cash and cash equivalents, beginning of period			0
Cash and cash equivalents, end of period	0		0
Neff Rental LLC | Reportable Legal Entities
Cash Flows from Operating Activities
Net income	10,608		27,061
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation			69,111
Amortization of debt issue costs	392		1,144
Amortization of intangible assets			965
Amortization of original issue discount			185
Gain on sale of equipment			(6,656)
Provision for bad debt			1,431
Equity-based compensation			901
Deferred income taxes			0
Adjustment to tax receivable agreement	0		0
Unrealized loss on interest rate swap			3,852
Equity earnings in subsidiaries	0		0
Changes in operating assets and liabilities:
Accounts receivable			4,075
Inventories, prepaid expenses and other assets			147
Accounts payable			(1,271)
Accrued expenses and other liabilities			(1,255)
Net cash provided by operating activities			99,690
Cash Flows from Investing Activities
Purchases of rental equipment			(138,959)
Proceeds from sale of equipment			18,520
Purchases of property and equipment			(11,742)
Net cash used in investing activities			(132,181)
Cash Flows from Financing Activities
Repayments under revolving credit facility			95,239
Borrowings under revolving credit facility			128,039
Payment of costs directly associated with the issuance of Class A common stock			0
Intercompany			(284)
Net cash provided by financing activities			32,516
Net increase in cash and cash equivalents			25
Cash and cash equivalents, beginning of period			205
Cash and cash equivalents, end of period	230		230
Neff LLC | Reportable Legal Entities
Cash Flows from Operating Activities
Net income	10,608		27,061
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation			0
Amortization of debt issue costs	0		0
Amortization of intangible assets			0
Amortization of original issue discount			0
Gain on sale of equipment			0
Provision for bad debt			0
Equity-based compensation			0
Deferred income taxes			0
Adjustment to tax receivable agreement	0		0
Unrealized loss on interest rate swap			0
Equity earnings in subsidiaries	(10,608)		(27,061)
Changes in operating assets and liabilities:
Accounts receivable			0
Inventories, prepaid expenses and other assets			0
Accounts payable			0
Accrued expenses and other liabilities			0
Net cash provided by operating activities			0
Cash Flows from Investing Activities
Purchases of rental equipment			0
Proceeds from sale of equipment			0
Purchases of property and equipment			0
Net cash used in investing activities			0
Cash Flows from Financing Activities
Repayments under revolving credit facility			0
Borrowings under revolving credit facility			0
Payment of costs directly associated with the issuance of Class A common stock			0
Intercompany			0
Net cash provided by financing activities			0
Net increase in cash and cash equivalents			0
Cash and cash equivalents, beginning of period			0
Cash and cash equivalents, end of period	0		0
Neff Holdings LLC | Reportable Legal Entities
Cash Flows from Operating Activities
Net income	10,608		27,061
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation			0
Amortization of debt issue costs	0		0
Amortization of intangible assets			0
Amortization of original issue discount			0
Gain on sale of equipment			0
Provision for bad debt			0
Equity-based compensation			0
Deferred income taxes			0
Adjustment to tax receivable agreement	0		0
Unrealized loss on interest rate swap			0
Equity earnings in subsidiaries	(10,608)		(27,061)
Changes in operating assets and liabilities:
Accounts receivable			0
Inventories, prepaid expenses and other assets			0
Accounts payable			0
Accrued expenses and other liabilities			0
Net cash provided by operating activities			0
Cash Flows from Investing Activities
Purchases of rental equipment			0
Proceeds from sale of equipment			0
Purchases of property and equipment			0
Net cash used in investing activities			0
Cash Flows from Financing Activities
Repayments under revolving credit facility			0
Borrowings under revolving credit facility			0
Payment of costs directly associated with the issuance of Class A common stock			0
Intercompany			0
Net cash provided by financing activities			0
Net increase in cash and cash equivalents			0
Cash and cash equivalents, beginning of period			0
Cash and cash equivalents, end of period	0		0
Neff Corporation | Reportable Legal Entities
Cash Flows from Operating Activities
Net income	3,206		11,554
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation			0
Amortization of debt issue costs	0		0
Amortization of intangible assets			0
Amortization of original issue discount			0
Gain on sale of equipment			0
Provision for bad debt			0
Equity-based compensation			0
Deferred income taxes			2,085
Adjustment to tax receivable agreement	411		(2,476)
Unrealized loss on interest rate swap			0
Equity earnings in subsidiaries	(4,370)		(11,149)
Changes in operating assets and liabilities:
Accounts receivable			0
Inventories, prepaid expenses and other assets			0
Accounts payable			0
Accrued expenses and other liabilities			(15)
Net cash provided by operating activities			(1)
Cash Flows from Investing Activities
Purchases of rental equipment			0
Proceeds from sale of equipment			0
Purchases of property and equipment			0
Net cash used in investing activities			0
Cash Flows from Financing Activities
Repayments under revolving credit facility			0
Borrowings under revolving credit facility			0
Payment of costs directly associated with the issuance of Class A common stock			(283)
Intercompany			284
Net cash provided by financing activities			1
Net increase in cash and cash equivalents			0
Cash and cash equivalents, beginning of period			2
Cash and cash equivalents, end of period	$ 2		$ 2

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Millions	Nov. 10, 2015USD ($)
Common Class A | Subsequent Event
Subsequent Event [Line Items]
Share repurchase program, value	$ 25