Neff 10-Q 26 Apr 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 20, 2017
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	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		8,863,088
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		14,951,625

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 783	$ 900	$ 783	$ 2,180	$ 289
Accounts receivable, net of allowance for doubtful accounts of $2,170 in 2017 and $2,481 in 2016	59,510	64,943	59,510
Inventories	1,873	1,867	1,873
Rental equipment, net	471,219	462,084	471,219
Property and equipment, net	34,714	35,534	34,714
Prepaid expenses and other assets	9,887	8,203	9,887
Goodwill	60,644	60,644	60,644
Intangible assets, net	14,027	14,246	14,027
Total assets	652,657	648,421	652,657
Liabilities
Accounts payable	25,031	15,851	25,031
Accrued expenses and other liabilities	35,812	35,074	35,812
Revolving credit facility, net of debt issue costs	220,337	222,531	220,337
Second lien loan, net of debt issue costs and original issue discount	457,436	468,860	457,436
Payable pursuant to tax receivable agreement	29,560	29,505	29,560
Deferred tax liability, net	9,217	8,325	9,217
Total liabilities	777,393	780,146	777,393
Stockholders' deficit
Additional paid-in capital	(101,464)	(102,216)	(101,464)
Retained earnings	24,023	22,770	24,023
Total stockholders' deficit	(77,203)	(79,208)	(77,203)
Non-controlling interest	(47,533)	(52,517)	(47,533)
Total stockholders' deficit and non-controlling interest	(124,736)	(131,725)	(124,736)
Total liabilities and stockholders' deficit and non-controlling interest	652,657	648,421	652,657
Class A Common Stock
Stockholders' deficit
Common stock	88	88	88
Class B Common Stock
Stockholders' deficit
Common stock	$ 150	$ 150	$ 150

UNAUDITED CONDENSED CONSOLIDAT3

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Accounts receivable, allowance for doubtful accounts	$ 2,170	$ 2,481
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	8,859,662	8,859,662
Common stock, shares outstanding (in shares)	8,859,662	8,859,662
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	15,000,000	15,000,000
Common stock, shares issued (in shares)	14,951,625	14,951,625
Common stock, shares outstanding (in shares)	14,951,625	14,951,625

UNAUDITED CONDENSED CONSOLIDAT4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues
Rental revenues	$ 85,498	$ 81,177
Equipment sales	7,195	5,102
Parts and service	3,184	3,305
Total revenues	95,877	89,584
Cost of revenues
Cost of equipment sold	4,953	3,111
Depreciation of rental equipment	22,150	22,165
Cost of rental revenues	22,263	19,933
Cost of parts and service	1,797	1,805
Total cost of revenues	51,163	47,014
Gross profit	44,714	42,570
Other operating expenses
Selling, general and administrative expenses	24,542	24,522
Other depreciation and amortization	2,171	2,741
Total other operating expenses	26,713	27,263
Income from operations	18,001	15,307
Other expenses (income)
Interest expense	11,173	11,044
Adjustment to tax receivable agreement	55	414
(Gain) loss on interest rate swap	(375)	4,654
Total other expenses (income)	10,853	16,112
Income (loss) before income taxes	7,148	(805)
(Provision for) benefit from income taxes	(911)	385
Net income (loss)	6,237	(420)
Less: net income (loss) attributable to non-controlling interest	4,512	(269)
Net income (loss) attributable to Neff Corporation	$ 1,725	$ (151)
Class A Common Stock
Net income attributable to Neff Corporation per share of Class A common stock (in dollars per share)
Basic (in dollars per share)	$ 0.19	$ (0.01)
Diluted (in dollars per share)	$ 0.18	$ (0.01)
Weighted average shares of Class A common stock outstanding (in shares)
Basic (in shares)	8,860	10,286
Diluted (in shares)	9,454	10,286

UNAUDITED CONDENSED CONSOLIDAT5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT AND NON-CONTROLLING INTEREST - 3 months ended Mar. 31, 2017 - USD ($) $ in Thousands	Total	Class A Common Stock	Class B Common Stock	Neff CorporationCommon StockClass A Common Stock	Neff CorporationCommon StockClass B Common Stock	Neff CorporationAdditional Paid-in Capital	Neff CorporationRetained Earnings	Neff CorporationNon-controlling interest
Beginning balance at Dec. 31, 2016	$ (131,725)			$ 88	$ 150	$ (102,216)	$ 22,770	$ (52,517)
Beginning balance (in shares) at Dec. 31, 2016		8,859,662	14,951,625	8,860,000	14,952,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation	752					752
Adjustment for Neff Holdings equity-based compensation	0						(472)	472
Net income	6,237						1,725	4,512
Ending balance at Mar. 31, 2017	$ (124,736)			$ 88	$ 150	$ (101,464)	$ 24,023	$ (47,533)
Ending balance (in shares) at Mar. 31, 2017		8,859,662	14,951,625	8,860,000	14,952,000

UNAUDITED CONDENSED CONSOLIDAT6

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows from Operating Activities
Net income (loss)	$ 6,237	$ (420)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	24,102	24,638
Amortization of debt issue costs	526	395
Amortization of intangible assets	219	268
Amortization of original issue discount	86	72
Gain on sale of equipment	(2,242)	(1,991)
Provision for bad debt	315	596
Equity-based compensation	752	768
Deferred income taxes	892	(385)
Adjustment to tax receivable agreement	55	414
Unrealized (gain) loss on interest rate swap	(590)	4,605
Changes in operating assets and liabilities:
Accounts receivable	5,118	11,104
Inventories, prepaid expenses and other assets	(1,690)	(1,948)
Accounts payable	(66)	(1,494)
Accrued expenses and other liabilities	(4,552)	(3,207)
Net cash provided by operating activities	29,162	33,415
Cash Flows from Investing Activities
Purchases of rental equipment	(21,141)	(36,065)
Proceeds from sale of equipment	7,195	5,102
Purchases of property and equipment	(1,103)	(5,018)
Net cash used in investing activities	(15,049)	(35,981)
Cash Flows from Financing Activities
Repayments under revolving credit facility	(37,394)	(29,400)
Borrowings under revolving credit facility	34,994	43,900
Debt issue costs	0	(1,418)
Common stock repurchases	0	(5,276)
Second Lien Loan prepayment	(11,830)	(3,349)
Net cash (used in) provided by financing activities	(14,230)	4,457
Net (decrease) increase in cash and cash equivalents	(117)	1,891
Cash and cash equivalents, beginning of period	900	289
Cash and cash equivalents, end of period	783	2,180
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	10,516	10,951
Cash paid for interest rate swap settlements	215	50
Non-Cash Investing Activities
Purchases of rental equipment included in accounts payable and other accrued liabilities at period end	$ 28,884	$ 31,824

BUSINESS AND ORGANIZATION

BUSINESS AND ORGANIZATION	3 Months Ended
	Mar. 31, 2017
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". 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	3 Months Ended
	Mar. 31, 2017
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 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 March 31, 2017 and December 31, 2016 , the results of its operations for the three months ended March 31, 2017 and 2016 , the cash flows for the three months ended March 31, 2017 and 2016 and stockholders' deficit and non-controlling interest for the three months ended March 31, 2017 . Interim results may not be indicative of full year performance. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto in the 2016 10-K. 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, income taxes, self-insurance reserves, goodwill and intangible assets and amounts payable pursuant to the tax receivable agreement, as amended ("Tax Receivable Agreement") (Note 3). Management relies on historical experience and other assumptions, believed 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. NOTE 2—BASIS OF PRESENTATION (Continued) 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 three months ended March 31, 2017 . In May 2014, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenues for Contracts with Customers (Topic 606), ("ASU 2014-09") which provides guidance on recognizing revenue. The guidance includes steps an entity should apply to achieve the core principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The FASB has agreed to a one-year deferral of the original effective date of this guidance and as a result it will be effective for private companies for annual periods beginning after December 15, 2018 and interim periods beginning after December 15, 2019. The FASB's update allows entities to apply the new guidance as of the original effective date. The Company expects to adopt this guidance when effective for private companies and is currently evaluating the impact on the Company's financial statements and disclosures. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), ("ASU 2016-02") to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This guidance is effective for private companies for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020 and requires application on a modified retrospective basis. The modified retrospective basis includes a number of optional practical expedients that entities may elect to apply. The Company expects to adopt this guidance when effective for private companies and is currently evaluating the impact on the Company's financial statements and disclosures. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of Emerging Issues Task Force) , ("ASU 2016-15") to reduce the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows under Topic 230, Statement of Cash Flows, and other topics. This guidance is effective for private companies for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019 and requires application on a retrospective transition method to each period presented. If it is impracticable to apply the amendments retrospectively for some of the issues, the amendments for those issues would be applied prospectively as of the earliest date practicable. 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. In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment , ("ASU 2017-04") which removes the step 2 requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. Goodwill impairment will now be the amount by which a reporting unit's carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. This guidance is effective for public companies for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. As ASU 2017-04 will become effective after the expiration of the period potentially covered by the JOBS Act, the Company expect to adopt this guidance when effective for public companies. The Company does not expect this guidance to have a significant impact on the Company's financial statements. In April 2015, the FASB issued 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 NOTE 2—BASIS OF PRESENTATION (Continued) from the carrying amount of that debt liability and amortization of debt issuance costs will be reported as interest expense. This guidance became effective for the Company as of the year ended December 31, 2016 and requires application on a retrospective basis. As a result of adopting this guidance, interest expense for three months ended March 31, 2016 changed as shown below (in thousands): For the Three Months Ended March 31, 2016 Interest expense as previously reported $ 10,649 Reclassification of amortization of debt issue costs 395 Current presentation of interest expense $ 11,044

NON-CONTROLLING INTEREST

NON-CONTROLLING INTEREST	3 Months Ended
	Mar. 31, 2017
Noncontrolling Interest [Abstract]
NON-CONTROLLING INTEREST	NON-CONTROLLING INTEREST Neff Corporation is the sole managing member of Neff Holdings. As a result, Neff Corporation operates and controls all of the business and affairs of Neff Holdings while owning a 37.2% minority economic interest in Neff Holdings. Neff Corporation consolidates the financial results of Neff Holdings and Neff Holdings' subsidiaries, Neff LLC and Neff Rental LLC, and records a non-controlling interest for the remaining 62.8% 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 (loss) 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 (loss) 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 March 31, 2017 14,951,625 8,859,662 23,811,287 62.8 % 37.2 % 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, 2016 14,951,625 8,859,662 23,811,287 62.8 % 37.2 % 100.0 % The following table summarizes the activity in non-controlling interest from December 31, 2016 to March 31, 2017 (in thousands): Balance of non-controlling interest as of December 31, 2016 $ (52,517 ) Net income attributable to non-controlling interest 4,512 Reallocation based on ending non-controlling interest percentage 472 Balance of non-controlling interest as of March 31, 2017 $ (47,533 ) 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 obligations 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 March 31, 2017 , the Company recorded a liability of $29.6 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 NOTE 3—NON-CONTROLLING INTEREST (Continued) (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 March 31, 2017 increased by $0.1 million from December 31, 2016 , due to 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. 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. No amounts were paid pursuant to the terms of the Tax Receivable Agreement during the three months ended March 31, 2017 .

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share is computed by dividing net income (loss) 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 (loss) 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 March 31, 2017 2016 Numerator: Net income (loss) attributable to Neff Corporation $ 1,725 $ (151 ) Denominator for net income (loss) per share of Class A common stock: Weighted average shares of Class A common stock outstanding 8,860 10,286 Denominator for diluted net income (loss) per share of Class A common stock: Weighted average shares of Class A common stock outstanding, diluted 9,454 10,286 Earnings per share of Class A common stock: Net income (loss) attributable to Neff Corporation per share of Class A common stock, basic $ 0.19 $ (0.01 ) Net income (loss) attributable to Neff Corporation per share of Class A common stock, diluted $ 0.18 $ (0.01 ) 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 (loss) per share of Class B common stock have not been presented. In November 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 NOTE 4 - EARNINGS PER SHARE (Continued) up to $25 million of shares of Class A common stock in open market and privately negotiated purchases from time to time, dependent on market conditions. During the three months ended March 31, 2017 , the Company did no t repurchase any shares of Class A common stock. At March 31, 2017 , there were approximately $13.2 million in remaining funds authorized under this program.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS The carrying amount and accumulated amortization of intangible assets as of March 31, 2017 and December 31, 2016 , consisted of the following (in thousands, except as noted): March 31, 2017 Average Gross Accumulated Net Indefinite life: Trademarks and tradenames N/A $ 10,854 $ — $ 10,854 Finite life: Customer list 12 13,987 (10,814 ) 3,173 Total intangible assets $ 24,841 $ (10,814 ) $ 14,027 December 31, 2016 Average Gross Accumulated Net Indefinite life: Trademarks and tradenames N/A $ 10,854 $ — $ 10,854 Finite life: Customer list 12 13,987 (10,595 ) 3,392 Total intangible assets $ 24,841 $ (10,595 ) $ 14,246 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 March 31, 2017 $ 10,814 Estimated amortization expense for: Remainder of 2017 658 2018 719 2019 589 2020 483 2021 396 2022 328 Total $ 13,987 Amortization expense related to the customer list was $0.2 million and $0.3 million for the three months ended March 31, 2017 and 2016 , respectively.

DEBT

DEBT	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
DEBT	DEBT Debt consisted of the following as of March 31, 2017 and December 31, 2016 (in thousands, except percent data): March 31, 2017 December 31, 2016 Revolving Credit Facility with interest ranging from the lender's prime rate plus up to 1.0% to LIBOR plus up to 2.0%, net of unamortized debt issue costs of $3,663 in 2017 and $3,869 in 2016 (2.61% at March 31, 2017) $ 220,337 $ 222,531 Second Lien Loan with interest of LIBOR plus 6.25%, with 1.0% LIBOR floor, net of unamortized debt issue costs of $4,745 in 2017 and $5,065 in 2016 and unamortized discount of $1,640 in 2017 and $1,726 in 2016 (7.54% at March 31, 2017) 457,436 468,860 Total indebtedness $ 677,773 $ 691,391 As of March 31, 2017 , Neff Rental LLC and Neff LLC (subsidiaries of Neff Holdings) had an outstanding balance of $224.0 million under the senior secured revolving credit facility (the "Revolving Credit Facility"). Neff Rental LLC had $463.8 million of the second lien term loans (the "Second Lien Loan") outstanding as of March 31, 2017 . The Revolving Credit Facility and the Second Lien Loan credit agreements 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 $47.5 million . The Company was in compliance with all financial covenants under the Revolving Credit Facility and the Second Lien Loan credit agreements as of March 31, 2017 . As of December 31, 2016, our total leverage ratio was 3.60 . Under the terms of the Second Lien Loan, if the total leverage ratio is equal to or less than 4.00 to 1.00 but greater than 3.00 to 1.00 at the end of each fiscal year, the Company must make a mandatory prepayment equal to 25% of its excess cash flow. A mandatory prepayment of $11.8 million was made for the year ended December 31, 2016, during March 2017. The Company will determine whether any mandatory prepayments need to be made for the fiscal year ending December 31, 2017, after year end. The Company had $3.9 million in outstanding letters of credit at March 31, 2017 and December 31, 2016 that were primarily associated with its insurance coverage. As of March 31, 2017 , total availability under the Revolving Credit Facility was $223.8 million .

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2017
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") and reserved 1,500,000 shares of Class A common stock for issuance. 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 March 31, 2017 and 2016 , the Company recognized equity-based compensation expense of $0.8 million . 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. The following table summarizes equity-based compensation activity for the three months ended March 31, 2017 (in thousands): NOTE 7—EQUITY—BASED COMPENSATION (Continued) Neff Corporation Neff Holdings RSUs Options Options Balance as of January 1, 2017 289 827 758 Granted — — — Exercised — — — Forfeited — — — Balance as of March 31, 2017 289 827 758 Vested — 246 758 Unvested 289 581 — Total 289 827 758 At March 31, 2017 , there were 0.3 million additional shares of Class A common stock available for the Company to grant under the 2014 Incentive Plan.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2017
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, 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 March 31, 2017 , the Company recognized a gain on the Interest Rate Swap of $0.4 million which consisted of $0.6 million of unrealized gains related to the change in fair value of the Interest Rate Swap and a $0.2 million related loss for the settlement payments made. For the three months ended March 31, 2016 , the Company recognized a loss on the Interest Rate Swap of $4.7 million which consisted of $4.6 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. 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 March 31, 2017 2016 Gain Recognized in Earnings (a) Loss Recognized in Earnings(a) Interest Rate Swap $ (375 ) $ 4,654 March 31, 2017 December 31, 2016 Fair Value of Derivative Liability(b) Fair Value of Derivative Liability(b) Interest Rate Swap (Note 9) $ 1,609 $ 2,199 (a) Classified in Other expenses (income) — (Gain) loss on interest rate swap (b) Classified in Liabilities — Accrued expenses and other liabilities

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2017
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. NOTE 10—INCOME TAXES (Continued) The Company's estimated annual effective tax rate for the year ended December 31, 2017 is expected to be 14.6% before discrete items. The Company's consolidated effective tax rate for the three months ended March 31, 2017 , inclusive of discrete items is 12.7% . The 1.9% difference in these rates is primarily attributable to a benefit related to the special allocation of gain, to Wayzata, resulting from the sale of equipment that had a built in gain at the date of the IPO, in accordance with Section 704(c) of the Internal Revenue Code (Note 3).

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and December 31, 2016 , as variable interest rates approximate market rates. The Company has classified these instruments in Level 2 of the fair value hierarchy as described below. 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 March 31, 2017 (in thousands): Fair Value Measurements Using: Quoted Prices in Active Markets Observable Inputs Unobservable Inputs (Level 1) (Level 2) (Level 3) Interest Rate Swap Liability $ — $ 1,609 $ — There were no transfers into or out of Level 1, 2 or 3 during the three months ended March 31, 2017 and 2016 .

SUPPLEMENTAL CONSOLIDATING STAT

SUPPLEMENTAL CONSOLIDATING STATEMENTS	3 Months Ended
	Mar. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
SUPPLEMENTAL CONSOLIDATING STATEMENTS	NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET MARCH 31, 2017 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Stand Alone Eliminations Neff Corporation ASSETS Cash and cash equivalents $ 783 $ — $ — $ — $ — $ 783 Accounts receivable, net 59,510 — — — — 59,510 Inventories 1,873 — — — — 1,873 Rental equipment, net 471,219 — — — — 471,219 Property and equipment, net 34,714 — — — — 34,714 Prepaid expenses and other assets 9,887 — — — — 9,887 Goodwill 60,644 — — — — 60,644 Investment in subsidiary — 120,934 120,934 182,521 (424,389 ) — Intercompany 10,258 — — (10,258 ) — — Intangible assets, net 14,027 — — — — 14,027 Total assets $ 662,915 $ 120,934 $ 120,934 $ 172,263 $ (424,389 ) $ 652,657 LIABILITIES AND STOCKHOLDERS' DEFICIT / MEMBERS' DEFICIT Liabilities Accounts payable $ 25,031 $ — $ — $ — $ — $ 25,031 Accrued expenses and other liabilities 35,812 — — — — 35,812 Revolving credit facility, net 220,337 — — — — 220,337 Second lien loan, net 457,436 — — — — 457,436 Payable pursuant to tax receivable agreement — — — 29,560 — 29,560 Deferred tax liability, net — — — 9,217 — 9,217 Total liabilities $ 738,616 $ — $ — $ 38,777 $ — $ 777,393 Stockholders' deficit / members' deficit Class A Common Stock $ — $ — $ — $ 88 $ — $ 88 Class B Common Stock — — — 150 — 150 Additional paid-in capital — — — 44,679 (146,143 ) (101,464 ) Retained earnings — — — 27,794 (3,771 ) 24,023 Members' deficit (196,635 ) — — — 196,635 — Accumulated surplus 120,934 120,934 120,934 — (362,802 ) — Total stockholders' deficit / members' deficit (75,701 ) 120,934 120,934 72,711 (316,081 ) (77,203 ) Non-controlling interest — — — 60,775 (108,308 ) (47,533 ) Total stockholders' deficit / members' deficit and non-controlling interest (75,701 ) 120,934 120,934 133,486 (424,389 ) (124,736 ) Total liabilities and stockholders' deficit / members' deficit and non-controlling interest $ 662,915 $ 120,934 $ 120,934 $ 172,263 $ (424,389 ) $ 652,657 NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2016 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Stand Alone Eliminations Neff Corporation ASSETS Cash and cash equivalents $ 900 $ — $ — $ — $ — $ 900 Accounts receivable, net 64,943 — — — — 64,943 Inventories 1,867 — — — — 1,867 Rental equipment, net 462,084 — — — — 462,084 Property and equipment, net 35,534 — — — — 35,534 Prepaid expenses and other assets 8,203 — — — — 8,203 Goodwill 60,644 — — — — 60,644 Investment in subsidiary — 113,750 113,750 179,096 (406,596 ) — Intercompany 10,258 — — (10,258 ) — — Intangible assets, net 14,246 — — — — 14,246 Total assets $ 658,679 $ 113,750 $ 113,750 $ 168,838 $ (406,596 ) $ 648,421 LIABILITIES AND STOCKHOLDERS' DEFICIT / MEMBERS' DEFICIT Liabilities Accounts payable $ 15,851 $ — $ — $ — $ — $ 15,851 Accrued expenses and other liabilities 35,074 — — — — 35,074 Revolving credit facility, net 222,531 — — — — 222,531 Second lien loan, net 468,860 — — — — 468,860 Payable pursuant to tax receivable agreement — — — 29,505 — 29,505 Deferred tax liability, net — — — 8,325 — 8,325 Total liabilities $ 742,316 $ — $ — $ 37,830 $ — $ 780,146 Stockholders' deficit / members' deficit Class A Common Stock $ — $ — $ — $ 88 $ — $ 88 Class B Common Stock — — — 150 — 150 Additional paid-in capital — — — 43,927 (146,143 ) (102,216 ) Retained earnings — — — 26,540 (3,770 ) 22,770 Members' deficit (197,387 ) — — — 197,387 — Accumulated surplus 113,750 113,750 113,750 — (341,250 ) — Total stockholders' deficit / members' deficit (83,637 ) 113,750 113,750 70,705 (293,776 ) (79,208 ) Non-controlling interest — — — 60,303 (112,820 ) (52,517 ) Total stockholders' deficit / members' deficit and non-controlling interest (83,637 ) 113,750 113,750 131,008 (406,596 ) (131,725 ) Total liabilities and stockholders' deficit / members' deficit and non-controlling interest $ 658,679 $ 113,750 $ 113,750 $ 168,838 $ (406,596 ) $ 648,421 NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2017 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Stand Alone Eliminations Neff Corporation Revenues Rental revenues $ 85,498 $ — $ — $ — $ — $ 85,498 Equipment sales 7,195 — — — — 7,195 Parts and service 3,184 — — — — 3,184 Total revenues 95,877 — — — — 95,877 Cost of revenues Cost of equipment sold 4,953 — — — — 4,953 Depreciation of rental equipment 22,150 — — — — 22,150 Cost of rental revenues 22,263 — — — — 22,263 Cost of parts and service 1,797 — — — — 1,797 Total cost of revenues 51,163 — — — — 51,163 Gross profit 44,714 — — — — 44,714 Other operating expenses Selling, general and administrative expenses 24,542 — — — — 24,542 Other depreciation and amortization 2,171 — — — — 2,171 Total other operating expenses 26,713 — — — — 26,713 Income from operations 18,001 — — — — 18,001 Other expenses (income) Interest expense 11,173 — — — — 11,173 Adjustment to tax receivable agreement — — — 55 — 55 Gain on interest rate swap (375 ) — — — — (375 ) Total other expenses (income) 10,798 — — 55 — 10,853 Income (loss) before income taxes 7,203 — — (55 ) — 7,148 Equity earnings in subsidiaries — 7,184 7,184 2,672 (17,040 ) — Provision for income taxes (19 ) — — (892 ) — (911 ) Net income 7,184 7,184 7,184 1,725 (17,040 ) 6,237 Less: net income attributable to non-controlling interest — — 4,512 — — 4,512 Net income attributable to Neff Corporation $ 7,184 $ 7,184 $ 2,672 $ 1,725 $ (17,040 ) $ 1,725 NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2016 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Stand Alone Eliminations Neff Corporation Revenues Rental revenues $ 81,177 $ — $ — $ — $ — $ 81,177 Equipment sales 5,102 — — — — 5,102 Parts and service 3,305 — — — — 3,305 Total revenues 89,584 — — — — 89,584 Cost of revenues Cost of equipment sold 3,111 — — — — 3,111 Depreciation of rental equipment 22,165 — — — — 22,165 Cost of rental revenues 19,933 — — — — 19,933 Cost of parts and service 1,805 — — — — 1,805 Total cost of revenues 47,014 — — — — 47,014 Gross profit 42,570 — — — — 42,570 Other operating expenses Selling, general and administrative expenses 24,522 — — — — 24,522 Other depreciation and amortization 2,741 — — — — 2,741 Total other operating expenses 27,263 — — — — 27,263 Income from operations 15,307 — — — — 15,307 Other expenses Interest expense 11,044 — — — — 11,044 Adjustment to tax receivable agreement — — — 414 — 414 Loss on interest rate swap 4,654 — — — — 4,654 Total other expenses 15,698 — — 414 — 16,112 Loss before income taxes (391 ) — — (414 ) — (805 ) Equity earnings in subsidiaries — (391 ) (391 ) (122 ) 904 — Benefit from income taxes — — — 385 — 385 Net loss (391 ) (391 ) (391 ) (151 ) 904 (420 ) Less: net loss attributable to non-controlling interest — — (269 ) — — (269 ) Net loss attributable to Neff Corporation $ (391 ) $ (391 ) $ (122 ) $ (151 ) $ 904 $ (151 ) NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2017 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Stand Alone Eliminations Neff Corporation Cash Flows from Operating Activities Net income $ 7,184 $ 7,184 $ 7,184 $ 1,725 $ (17,040 ) $ 6,237 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 24,102 — — — — 24,102 Amortization of debt issue costs 526 — — — — 526 Amortization of intangible assets 219 — — — — 219 Amortization of original issue discount 86 — — — — 86 Gain on sale of equipment (2,242 ) — — — — (2,242 ) Provision for bad debt 315 — — — — 315 Equity-based compensation 752 — — — — 752 Deferred income taxes — — — 892 — 892 Adjustment to tax receivable agreement — — — 55 — 55 Unrealized gain on interest rate swap (590 ) — — — — (590 ) Equity earnings in subsidiaries — (7,184 ) (7,184 ) (2,672 ) 17,040 — Changes in operating assets and liabilities: Accounts receivable 5,118 — — — — 5,118 Inventories, prepaid expenses and other assets (1,690 ) — — — — (1,690 ) Accounts payable (66 ) — — — — (66 ) Accrued expenses and other liabilities (4,552 ) — — — — (4,552 ) Net cash provided by operating activities 29,162 — — — — 29,162 Cash Flows from Investing Activities Purchases of rental equipment (21,141 ) — — — — (21,141 ) Proceeds from sale of equipment 7,195 — — — — 7,195 Purchases of property and equipment (1,103 ) — — — — (1,103 ) Net cash used in investing activities (15,049 ) — — — — (15,049 ) Cash Flows from Financing Activities Repayments under revolving credit facility (37,394 ) — — — — (37,394 ) Borrowings under revolving credit facility 34,994 — — — — 34,994 Second Lien Loan prepayment (11,830 ) — — — — (11,830 ) Net cash used in financing activities (14,230 ) — — — — (14,230 ) Net decrease in cash and cash equivalents (117 ) — — — — (117 ) Cash and cash equivalents, beginning of period 900 — — — — 900 Cash and cash equivalents, end of period $ 783 $ — $ — $ — $ — $ 783 NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2016 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Stand Alone Eliminations Neff Corporation Cash Flows from Operating Activities Net loss $ (391 ) $ (391 ) $ (391 ) $ (151 ) $ 904 $ (420 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation 24,638 — — — — 24,638 Amortization of debt issue costs 395 — — — — 395 Amortization of intangible assets 268 — — — — 268 Amortization of original issue discount 72 — — — — 72 Gain on sale of equipment (1,991 ) — — — — (1,991 ) Provision for bad debt 596 — — — — 596 Equity-based compensation 768 — — — — 768 Deferred income taxes — — — (385 ) — (385 ) Adjustment to tax receivable agreement — — — 414 — 414 Unrealized loss on interest rate swap 4,605 — — — — 4,605 Equity earnings in subsidiaries — 391 391 122 (904 ) — Changes in operating assets and liabilities: Accounts receivable 11,104 — — — — 11,104 Inventories, prepaid expenses and other assets (1,948 ) — — — — (1,948 ) Accounts payable (1,494 ) — — — — (1,494 ) Accrued expenses and other liabilities (3,207 ) — — — — (3,207 ) Net cash provided by operating activities 33,415 — — — — 33,415 Cash Flows from Investing Activities Purchases of rental equipment (36,065 ) — — — — (36,065 ) Proceeds from sale of equipment 5,102 — — — — 5,102 Purchases of property and equipment (5,018 ) — — — — (5,018 ) Net cash used in investing activities (35,981 ) — — — — (35,981 ) Cash Flows from Financing Activities Repayments under revolving credit facility (29,400 ) — — — — (29,400 ) Borrowings under revolving credit facility 43,900 — — — — 43,900 Debt issue costs (1,418 ) — — — — (1,418 ) Common stock repurchases — — — (5,276 ) — (5,276 ) Common unit sales/repurchases (5,276 ) — — 5,276 — — Second Lien Loan prepayment (3,349 ) — — — — (3,349 ) Intercompany 2 — — (2 ) — — Net cash provided by (used in) financing activities 4,459 — — (2 ) — 4,457 Net increase (decrease) in cash and cash equivalents 1,893 — — (2 ) — 1,891 Cash and cash equivalents, beginning of period 287 — — 2 — 289 Cash and cash equivalents, end of period $ 2,180 $ — $ — $ — $ — $ 2,180

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
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 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 March 31, 2017 and December 31, 2016 , the results of its operations for the three months ended March 31, 2017 and 2016 , the cash flows for the three months ended March 31, 2017 and 2016 and stockholders' deficit and non-controlling interest for the three months ended March 31, 2017 . Interim results may not be indicative of full year performance. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto in the 2016 10-K.
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, income taxes, self-insurance reserves, goodwill and intangible assets and amounts payable pursuant to the tax receivable agreement, as amended ("Tax Receivable Agreement") (Note 3). Management relies on historical experience and other assumptions, believed 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 three months ended March 31, 2017 . In May 2014, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenues for Contracts with Customers (Topic 606), ("ASU 2014-09") which provides guidance on recognizing revenue. The guidance includes steps an entity should apply to achieve the core principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The FASB has agreed to a one-year deferral of the original effective date of this guidance and as a result it will be effective for private companies for annual periods beginning after December 15, 2018 and interim periods beginning after December 15, 2019. The FASB's update allows entities to apply the new guidance as of the original effective date. The Company expects to adopt this guidance when effective for private companies and is currently evaluating the impact on the Company's financial statements and disclosures. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), ("ASU 2016-02") to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This guidance is effective for private companies for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020 and requires application on a modified retrospective basis. The modified retrospective basis includes a number of optional practical expedients that entities may elect to apply. The Company expects to adopt this guidance when effective for private companies and is currently evaluating the impact on the Company's financial statements and disclosures. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of Emerging Issues Task Force) , ("ASU 2016-15") to reduce the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows under Topic 230, Statement of Cash Flows, and other topics. This guidance is effective for private companies for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019 and requires application on a retrospective transition method to each period presented. If it is impracticable to apply the amendments retrospectively for some of the issues, the amendments for those issues would be applied prospectively as of the earliest date practicable. 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. In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment , ("ASU 2017-04") which removes the step 2 requirement to perform a hypothetical purchase price allocation to measure goodwill impairment. Goodwill impairment will now be the amount by which a reporting unit's carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. This guidance is effective for public companies for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. As ASU 2017-04 will become effective after the expiration of the period potentially covered by the JOBS Act, the Company expect to adopt this guidance when effective for public companies. The Company does not expect this guidance to have a significant impact on the Company's financial statements. In April 2015, the FASB issued 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 NOTE 2—BASIS OF PRESENTATION (Continued) from the carrying amount of that debt liability and amortization of debt issuance costs will be reported as interest expense. This guidance became effective for the Company as of the year ended December 31, 2016 and requires application on a retrospective basis. As a result of adopting this guidance, interest expense for three months ended March 31, 2016 changed as shown below (in thousands): For the Three Months Ended March 31, 2016 Interest expense as previously reported $ 10,649 Reclassification of amortization of debt issue costs 395 Current presentation of interest expense $ 11,044

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements	As a result of adopting this guidance, interest expense for three months ended March 31, 2016 changed as shown below (in thousands): For the Three Months Ended March 31, 2016 Interest expense as previously reported $ 10,649 Reclassification of amortization of debt issue costs 395 Current presentation of interest expense $ 11,044

NON-CONTROLLING INTEREST - (Tab

NON-CONTROLLING INTEREST - (Tables)	3 Months Ended
	Mar. 31, 2017
Noncontrolling Interest [Abstract]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net	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 March 31, 2017 14,951,625 8,859,662 23,811,287 62.8 % 37.2 % 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, 2016 14,951,625 8,859,662 23,811,287 62.8 % 37.2 % 100.0 % The following table summarizes the activity in non-controlling interest from December 31, 2016 to March 31, 2017 (in thousands): Balance of non-controlling interest as of December 31, 2016 $ (52,517 ) Net income attributable to non-controlling interest 4,512 Reallocation based on ending non-controlling interest percentage 472 Balance of non-controlling interest as of March 31, 2017 $ (47,533 )

EARNINGS PER SHARE - (Tables)

EARNINGS PER SHARE - (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 2016 Numerator: Net income (loss) attributable to Neff Corporation $ 1,725 $ (151 ) Denominator for net income (loss) per share of Class A common stock: Weighted average shares of Class A common stock outstanding 8,860 10,286 Denominator for diluted net income (loss) per share of Class A common stock: Weighted average shares of Class A common stock outstanding, diluted 9,454 10,286 Earnings per share of Class A common stock: Net income (loss) attributable to Neff Corporation per share of Class A common stock, basic $ 0.19 $ (0.01 ) Net income (loss) attributable to Neff Corporation per share of Class A common stock, diluted $ 0.18 $ (0.01 )

INTANGIBLE ASSETS - (Tables)

INTANGIBLE ASSETS - (Tables)	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The carrying amount and accumulated amortization of intangible assets as of March 31, 2017 and December 31, 2016 , consisted of the following (in thousands, except as noted): March 31, 2017 Average Gross Accumulated Net Indefinite life: Trademarks and tradenames N/A $ 10,854 $ — $ 10,854 Finite life: Customer list 12 13,987 (10,814 ) 3,173 Total intangible assets $ 24,841 $ (10,814 ) $ 14,027 December 31, 2016 Average Gross Accumulated Net Indefinite life: Trademarks and tradenames N/A $ 10,854 $ — $ 10,854 Finite life: Customer list 12 13,987 (10,595 ) 3,392 Total intangible assets $ 24,841 $ (10,595 ) $ 14,246
Schedule of Indefinite-Lived Intangible Assets	The carrying amount and accumulated amortization of intangible assets as of March 31, 2017 and December 31, 2016 , consisted of the following (in thousands, except as noted): March 31, 2017 Average Gross Accumulated Net Indefinite life: Trademarks and tradenames N/A $ 10,854 $ — $ 10,854 Finite life: Customer list 12 13,987 (10,814 ) 3,173 Total intangible assets $ 24,841 $ (10,814 ) $ 14,027 December 31, 2016 Average Gross Accumulated Net Indefinite life: Trademarks and tradenames N/A $ 10,854 $ — $ 10,854 Finite life: Customer list 12 13,987 (10,595 ) 3,392 Total intangible assets $ 24,841 $ (10,595 ) $ 14,246
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 March 31, 2017 $ 10,814 Estimated amortization expense for: Remainder of 2017 658 2018 719 2019 589 2020 483 2021 396 2022 328 Total $ 13,987

DEBT - (Tables)

DEBT - (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Debt consisted of the following as of March 31, 2017 and December 31, 2016 (in thousands, except percent data): March 31, 2017 December 31, 2016 Revolving Credit Facility with interest ranging from the lender's prime rate plus up to 1.0% to LIBOR plus up to 2.0%, net of unamortized debt issue costs of $3,663 in 2017 and $3,869 in 2016 (2.61% at March 31, 2017) $ 220,337 $ 222,531 Second Lien Loan with interest of LIBOR plus 6.25%, with 1.0% LIBOR floor, net of unamortized debt issue costs of $4,745 in 2017 and $5,065 in 2016 and unamortized discount of $1,640 in 2017 and $1,726 in 2016 (7.54% at March 31, 2017) 457,436 468,860 Total indebtedness $ 677,773 $ 691,391

EQUITY-BASED COMPENSATION - (Ta

EQUITY-BASED COMPENSATION - (Tables)	3 Months Ended
	Mar. 31, 2017
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 three months ended March 31, 2017 (in thousands): NOTE 7—EQUITY—BASED COMPENSATION (Continued) Neff Corporation Neff Holdings RSUs Options Options Balance as of January 1, 2017 289 827 758 Granted — — — Exercised — — — Forfeited — — — Balance as of March 31, 2017 289 827 758 Vested — 246 758 Unvested 289 581 — Total 289 827 758

DERIVATIVE FINANCIAL INSTRUME25

DERIVATIVE FINANCIAL INSTRUMENTS - (Tables)	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives	The fixed rate follows the schedule below: 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 March 31, 2017 2016 Gain Recognized in Earnings (a) Loss Recognized in Earnings(a) Interest Rate Swap $ (375 ) $ 4,654 March 31, 2017 December 31, 2016 Fair Value of Derivative Liability(b) Fair Value of Derivative Liability(b) Interest Rate Swap (Note 9) $ 1,609 $ 2,199 (a) Classified in Other expenses (income) — (Gain) loss on interest rate swap (b) Classified in Liabilities — Accrued expenses and other liabilities

FAIR VALUE DISCLOSURES - (Table

FAIR VALUE DISCLOSURES - (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 (in thousands): Fair Value Measurements Using: Quoted Prices in Active Markets Observable Inputs Unobservable Inputs (Level 1) (Level 2) (Level 3) Interest Rate Swap Liability $ — $ 1,609 $ —

SUPPLEMENTAL CONSOLIDATING ST27

SUPPLEMENTAL CONSOLIDATING STATEMENTS (Tables)	3 Months Ended
	Mar. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet	Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Stand Alone Eliminations Neff Corporation ASSETS Cash and cash equivalents $ 900 $ — $ — $ — $ — $ 900 Accounts receivable, net 64,943 — — — — 64,943 Inventories 1,867 — — — — 1,867 Rental equipment, net 462,084 — — — — 462,084 Property and equipment, net 35,534 — — — — 35,534 Prepaid expenses and other assets 8,203 — — — — 8,203 Goodwill 60,644 — — — — 60,644 Investment in subsidiary — 113,750 113,750 179,096 (406,596 ) — Intercompany 10,258 — — (10,258 ) — — Intangible assets, net 14,246 — — — — 14,246 Total assets $ 658,679 $ 113,750 $ 113,750 $ 168,838 $ (406,596 ) $ 648,421 LIABILITIES AND STOCKHOLDERS' DEFICIT / MEMBERS' DEFICIT Liabilities Accounts payable $ 15,851 $ — $ — $ — $ — $ 15,851 Accrued expenses and other liabilities 35,074 — — — — 35,074 Revolving credit facility, net 222,531 — — — — 222,531 Second lien loan, net 468,860 — — — — 468,860 Payable pursuant to tax receivable agreement — — — 29,505 — 29,505 Deferred tax liability, net — — — 8,325 — 8,325 Total liabilities $ 742,316 $ — $ — $ 37,830 $ — $ 780,146 Stockholders' deficit / members' deficit Class A Common Stock $ — $ — $ — $ 88 $ — $ 88 Class B Common Stock — — — 150 — 150 Additional paid-in capital — — — 43,927 (146,143 ) (102,216 ) Retained earnings — — — 26,540 (3,770 ) 22,770 Members' deficit (197,387 ) — — — 197,387 — Accumulated surplus 113,750 113,750 113,750 — (341,250 ) — Total stockholders' deficit / members' deficit (83,637 ) 113,750 113,750 70,705 (293,776 ) (79,208 ) Non-controlling interest — — — 60,303 (112,820 ) (52,517 ) Total stockholders' deficit / members' deficit and non-controlling interest (83,637 ) 113,750 113,750 131,008 (406,596 ) (131,725 ) Total liabilities and stockholders' deficit / members' deficit and non-controlling interest $ 658,679 $ 113,750 $ 113,750 $ 168,838 $ (406,596 ) $ 648,421 NEFF CORPORATION AND SUBSIDIARIES SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET MARCH 31, 2017 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Stand Alone Eliminations Neff Corporation ASSETS Cash and cash equivalents $ 783 $ — $ — $ — $ — $ 783 Accounts receivable, net 59,510 — — — — 59,510 Inventories 1,873 — — — — 1,873 Rental equipment, net 471,219 — — — — 471,219 Property and equipment, net 34,714 — — — — 34,714 Prepaid expenses and other assets 9,887 — — — — 9,887 Goodwill 60,644 — — — — 60,644 Investment in subsidiary — 120,934 120,934 182,521 (424,389 ) — Intercompany 10,258 — — (10,258 ) — — Intangible assets, net 14,027 — — — — 14,027 Total assets $ 662,915 $ 120,934 $ 120,934 $ 172,263 $ (424,389 ) $ 652,657 LIABILITIES AND STOCKHOLDERS' DEFICIT / MEMBERS' DEFICIT Liabilities Accounts payable $ 25,031 $ — $ — $ — $ — $ 25,031 Accrued expenses and other liabilities 35,812 — — — — 35,812 Revolving credit facility, net 220,337 — — — — 220,337 Second lien loan, net 457,436 — — — — 457,436 Payable pursuant to tax receivable agreement — — — 29,560 — 29,560 Deferred tax liability, net — — — 9,217 — 9,217 Total liabilities $ 738,616 $ — $ — $ 38,777 $ — $ 777,393 Stockholders' deficit / members' deficit Class A Common Stock $ — $ — $ — $ 88 $ — $ 88 Class B Common Stock — — — 150 — 150 Additional paid-in capital — — — 44,679 (146,143 ) (101,464 ) Retained earnings — — — 27,794 (3,771 ) 24,023 Members' deficit (196,635 ) — — — 196,635 — Accumulated surplus 120,934 120,934 120,934 — (362,802 ) — Total stockholders' deficit / members' deficit (75,701 ) 120,934 120,934 72,711 (316,081 ) (77,203 ) Non-controlling interest — — — 60,775 (108,308 ) (47,533 ) Total stockholders' deficit / members' deficit and non-controlling interest (75,701 ) 120,934 120,934 133,486 (424,389 ) (124,736 ) Total liabilities and stockholders' deficit / members' deficit and non-controlling interest $ 662,915 $ 120,934 $ 120,934 $ 172,263 $ (424,389 ) $ 652,657
Condensed Consolidating Statement of Operations	Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Stand Alone Eliminations Neff Corporation Revenues Rental revenues $ 85,498 $ — $ — $ — $ — $ 85,498 Equipment sales 7,195 — — — — 7,195 Parts and service 3,184 — — — — 3,184 Total revenues 95,877 — — — — 95,877 Cost of revenues Cost of equipment sold 4,953 — — — — 4,953 Depreciation of rental equipment 22,150 — — — — 22,150 Cost of rental revenues 22,263 — — — — 22,263 Cost of parts and service 1,797 — — — — 1,797 Total cost of revenues 51,163 — — — — 51,163 Gross profit 44,714 — — — — 44,714 Other operating expenses Selling, general and administrative expenses 24,542 — — — — 24,542 Other depreciation and amortization 2,171 — — — — 2,171 Total other operating expenses 26,713 — — — — 26,713 Income from operations 18,001 — — — — 18,001 Other expenses (income) Interest expense 11,173 — — — — 11,173 Adjustment to tax receivable agreement — — — 55 — 55 Gain on interest rate swap (375 ) — — — — (375 ) Total other expenses (income) 10,798 — — 55 — 10,853 Income (loss) before income taxes 7,203 — — (55 ) — 7,148 Equity earnings in subsidiaries — 7,184 7,184 2,672 (17,040 ) — Provision for income taxes (19 ) — — (892 ) — (911 ) Net income 7,184 7,184 7,184 1,725 (17,040 ) 6,237 Less: net income attributable to non-controlling interest — — 4,512 — — 4,512 Net income attributable to Neff Corporation $ 7,184 $ 7,184 $ 2,672 $ 1,725 $ (17,040 ) $ 1,725 Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Stand Alone Eliminations Neff Corporation Revenues Rental revenues $ 81,177 $ — $ — $ — $ — $ 81,177 Equipment sales 5,102 — — — — 5,102 Parts and service 3,305 — — — — 3,305 Total revenues 89,584 — — — — 89,584 Cost of revenues Cost of equipment sold 3,111 — — — — 3,111 Depreciation of rental equipment 22,165 — — — — 22,165 Cost of rental revenues 19,933 — — — — 19,933 Cost of parts and service 1,805 — — — — 1,805 Total cost of revenues 47,014 — — — — 47,014 Gross profit 42,570 — — — — 42,570 Other operating expenses Selling, general and administrative expenses 24,522 — — — — 24,522 Other depreciation and amortization 2,741 — — — — 2,741 Total other operating expenses 27,263 — — — — 27,263 Income from operations 15,307 — — — — 15,307 Other expenses Interest expense 11,044 — — — — 11,044 Adjustment to tax receivable agreement — — — 414 — 414 Loss on interest rate swap 4,654 — — — — 4,654 Total other expenses 15,698 — — 414 — 16,112 Loss before income taxes (391 ) — — (414 ) — (805 ) Equity earnings in subsidiaries — (391 ) (391 ) (122 ) 904 — Benefit from income taxes — — — 385 — 385 Net loss (391 ) (391 ) (391 ) (151 ) 904 (420 ) Less: net loss attributable to non-controlling interest — — (269 ) — — (269 ) Net loss attributable to Neff Corporation $ (391 ) $ (391 ) $ (122 ) $ (151 ) $ 904 $ (151 )
Condensed Consolidating Statement of Cash Flow	SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2017 (in thousands) Neff Rental LLC Neff LLC Neff Holdings LLC Neff Corporation Stand Alone Eliminations Neff Corporation Cash Flows from Operating Activities Net income $ 7,184 $ 7,184 $ 7,184 $ 1,725 $ (17,040 ) $ 6,237 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 24,102 — — — — 24,102 Amortization of debt issue costs 526 — — — — 526 Amortization of intangible assets 219 — — — — 219 Amortization of original issue discount 86 — — — — 86 Gain on sale of equipment (2,242 ) — — — — (2,242 ) Provision for bad debt 315 — — — — 315 Equity-based compensation 752 — — — — 752 Deferred income taxes — — — 892 — 892 Adjustment to tax receivable agreement — — — 55 — 55 Unrealized gain on interest rate swap (590 ) — — — — (590 ) Equity earnings in subsidiaries — (7,184 ) (7,184 ) (2,672 ) 17,040 — Changes in operating assets and liabilities: Accounts receivable 5,118 — — — — 5,118 Inventories, prepaid expenses and other assets (1,690 ) — — — — (1,690 ) Accounts payable (66 ) — — — — (66 ) Accrued expenses and other liabilities (4,552 ) — — — — (4,552 ) Net cash provided by operating activities 29,162 — — — — 29,162 Cash Flows from Investing Activities Purchases of rental equipment (21,141 ) — — — — (21,141 ) Proceeds from sale of equipment 7,195 — — — — 7,195 Purchases of property and equipment (1,103 ) — — — — (1,103 ) Net cash used in investing activities (15,049 ) — — — — (15,049 ) Cash Flows from Financing Activities Repayments under revolving credit facility (37,394 ) — — — — (37,394 ) Borrowings under revolving credit facility 34,994 — — — — 34,994 Second Lien Loan prepayment (11,830 ) — — — — (11,830 ) Net cash used in financing activities (14,230 ) — — — — (14,230 ) Net decrease in cash and cash equivalents (117 ) — — — — (117 ) Cash and cash equivalents, beginning of period 900 — — — — 900 Cash and cash equivalents, end of period $ 783 $ — $ — $ — $ — $ 783

BUSINESS AND ORGANIZATION - Add

BUSINESS AND ORGANIZATION - Additional Information (Details) - $ / shares	Nov. 26, 2014	Mar. 31, 2017	Dec. 31, 2016
Neff Holdings LLC
Class of Stock [Line Items]
Ownership percentage by parent		37.20%	37.20%
IPO | Class A Common Stock
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)	3 Months Ended
	Mar. 31, 2017segment
Accounting Policies [Abstract]
Number of operating segments corresponding to the number of regions in which entity operates	5
Number of reportable segments	1

BASIS OF PRESENTATION - Recentl

BASIS OF PRESENTATION - Recently Issued Accounting Pronouncements, Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest expense	$ 11,173	$ 11,044
Accounting Standards Update 2015-03 | Interest expense as previously reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest expense		$ 10,649
Accounting Standards Update 2015-03 | Reclassification of amortization of debt issue costs
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Interest expense	$ 395

NON-CONTROLLING INTEREST - Sche

NON-CONTROLLING INTEREST - Schedule of Ownership of Common Units (Details) - shares	Mar. 31, 2017	Dec. 31, 2016
Neff Holdings LLC
Noncontrolling Interest [Line Items]
Common Unit, issued	23,811,287	23,811,287
Neff Holdings LLC
Noncontrolling Interest [Line Items]
Ownership percentage by non-controlling interest	62.80%	62.80%
Ownership percentage by parent	37.20%	37.20%
Aggregate Ownership of Noncontrolling Interest	100.00%	100.00%
Class A Common Stock | Neff Holdings LLC | Parent Company
Noncontrolling Interest [Line Items]
Common Unit, issued	8,859,662	8,859,662
Class B Common Stock | Neff Holdings LLC | Noncontrolling Interest
Noncontrolling Interest [Line Items]
Common Unit, issued	14,951,625	14,951,625

NON-CONTROLLING INTEREST - Sc32

NON-CONTROLLING INTEREST - Schedule of Equity by Non-controlling Interest (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance	$ (52,517)
Net income attributable to non-controlling interest	4,512	$ (269)
Adjustment for Neff Holdings equity-based compensation	0
Ending balance	(47,533)
Neff Corporation | Noncontrolling Interest
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Adjustment for Neff Holdings equity-based compensation	$ 472

NON-CONTROLLING INTEREST - Addi

NON-CONTROLLING INTEREST - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Sep. 30, 2016
Noncontrolling Interest [Line Items]
Payable pursuant to tax receivable agreement	$ 29,560		$ 29,505	$ 29,560
Adjustment to tax receivable agreement	$ 55	$ 414
Neff Holdings LLC
Noncontrolling Interest [Line Items]
Ownership percentage by parent	37.20%		37.20%
Ownership percentage by non-controlling interest	62.80%		62.80%

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Nov. 30, 2015
Numerator:
Net income (loss) attributable to Neff Corporation	$ 1,725,000	$ (151,000)
Add dilutive effect of the following (in shares)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount
Class A Common Stock
Denominator for diluted net income (loss) per share of Class A common stock:
Weighted average shares of Class A common stock outstanding	8,860,000	10,286,000
Add dilutive effect of the following (in shares)
Weighted average shares of Class A common stock outstanding, diluted	9,454,000	10,286,000
Net income attributable to Neff Corporation per share of Class A common stock, basic (in dollars per share)	$ 0.19	$ (0.01)
Net income attributable to Neff Corporation per share of Class A common stock, diluted (in dollars per share)	$ 0.18	$ (0.01)
Stock repurchase program, authorized amount (in dollars)			$ 25,000,000
Stock repurchase program, shares repurchased during the period (in shares)	0
Stock repurchase program, remaining authorized repurchase amount (in dollars)	$ 13,200,000
Retained Earnings
Numerator:
Net income (loss) attributable to Neff Corporation	$ 1,725,000	$ (151,000)

INTANGIBLE ASSETS - Schedule of

INTANGIBLE ASSETS - Schedule of Carrying Amount and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Sep. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 24,841		$ 24,841
Accumulated Amortization	(10,814)		(10,595)
Net Book Value	14,027		14,246	$ 14,027
Amortization of intangible assets	$ 219	$ 268
Customer Lists
Finite-Lived Intangible Assets [Line Items]
Average Useful Life (in years)	12 years	12 years
Gross Carrying Amount	$ 13,987		13,987
Accumulated Amortization	(10,814)		(10,595)
Net Book Value	3,173		3,392
Amortization of intangible assets	200	$ 300
Trademarks and Trade Names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	10,854		10,854
Net Book Value	$ 10,854		$ 10,854

INTANGIBLE ASSETS - Accumulated

INTANGIBLE ASSETS - Accumulated Amortization and Expected Future Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Accumulated Amortization	$ 10,814	$ 10,595
Estimated amortization expense for:
Remainder of 2017	658
2,018	719
2,019	589
2,020	483
2,021	396
2,022	328
Total	$ 13,987

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($)	Jun. 09, 2014	Oct. 01, 2010	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016
Debt Instrument [Line Items]
Revolving credit facility, net of debt issue costs			$ 220,337,000	$ 222,531,000	$ 220,337,000
Long-term Debt			677,773,000	691,391,000
Second lien loan, net of debt issue costs and original issue discount			457,436,000	468,860,000	$ 457,436,000
Second Lien Loan | Second Lien Loan
Debt Instrument [Line Items]
Second lien loan, net of debt issue costs and original issue discount			$ 457,436,000	468,860,000
Original issue discount				5,065,000
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, net of debt issue costs			$ 220,337,000	222,531,000
Line of credit facility, interest rate at period end			2.00%
Original issue discount			$ 3,663,000	$ 3,869,000
Revolving Credit Facility | Prime Rate | Line of Credit
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.00%
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Line of Credit
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.50%

DEBT - Additional Information (

DEBT - Additional Information (Details)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Feb. 25, 2016USD ($)
Debt Instrument [Line Items]
Revolving credit facility, net of debt issue costs		$ 220,337,000	$ 222,531,000	$ 220,337,000
Outstanding letters of credit		3,900,000
Debt Instrument, Covenant, Total Leverage Ratio, Actual			3.60
Second Lien Loan | Neff Rental LLC | Second Lien Loan
Debt Instrument [Line Items]
Secured Debt				$ 463,800,000
Debt Instrument, Covenant, Future Required Prepayment			$ 11,800,000
Revolving Credit Facility | Neff Rental LLC and Neff LLC
Debt Instrument [Line Items]
Revolving credit facility, net of debt issue costs		224,000,000
Current availability		$ 223,800,000
Line of credit facility covenants, trigger, minimum availability					$ 47,500,000
Total Leverage Ratio, Range One [Member] | Second Lien Loan | Neff Rental LLC | Second Lien Loan
Debt Instrument [Line Items]
Debt Instrument, Covenant, Total Leverage Ratio Requiring Prepayment, Upper Limit	4
Debt Instrument, Covenant, Total Leverage Ratio Requiring Prepayment, Lower Limit	3
Debt Instrument, Covenant, Required Prepayment, Percentage of Excess Cash Flow	25.00%

EQUITY-BASED COMPENSATION EQUIT

EQUITY-BASED COMPENSATION EQUITY-BASED COMPENSATION - Schedule of Stock Option Activity (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2017shares
Stock options outstanding (in shares)
Beginning balance	827
Granted	0
Exercised	0
Forfeited	0
Ending balance	827
Number of Vested and Unvested Awards (in shares)
Vested	246
Unvested	581
Neff Holdings LLC
Stock options outstanding (in shares)
Beginning balance	758
Granted	0
Exercised	0
Forfeited	0
Ending balance	758
Number of Vested and Unvested Awards (in shares)
Vested	758
Unvested	0
Restricted Stock Units (RSUs)
Restricted stock outstanding (in shares)
Beginning balance	289
Granted	0
Exercised	0
Forfeited	0
Ending balance	289
Number of Vested and Unvested Awards (in shares)
Vested	0
Unvested	289

EQUITY-BASED COMPENSATION - Add

EQUITY-BASED COMPENSATION - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)shares	Mar. 31, 2016USD ($)	Nov. 07, 2014shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation | $	$ 752	$ 768
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 | $	$ 800	$ 800
Incentive Plan 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares			1,500,000
Number of additional shares available | shares	300,000

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
Derivative [Line Items]
Derivative, fixed interest rate				1.157%
Scenario, Forecast
Derivative [Line Items]
Derivative, fixed interest rate	2.143%	1.961%
Subsequent Event
Derivative [Line Items]
Derivative, fixed interest rate			1.681%

DERIVATIVE FINANCIAL INSTRUME42

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
(Gain) loss on interest rate swap	$ (375)	$ 4,654
Interest Rate Swap | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
(Gain) loss on interest rate swap	(375)	$ 4,654
Fair Value of Derivative Liability(b)			$ 2,199
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 Liability(b)	$ 1,609

DERIVATIVE FINANCIAL INSTRUME43

DERIVATIVE FINANCIAL INSTRUMENTS - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Mar. 24, 2015
Derivative Instruments, Gain (Loss) [Line Items]
(Gain) loss on interest rate swap	$ (375,000)	$ 4,654,000
Unrealized (gain) loss on interest rate swap	(590,000)	4,605,000
Interest Rate Swap | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liability, notional amount				$ 200,000,000
(Gain) loss on interest rate swap	(375,000)	4,654,000
Unrealized (gain) loss on interest rate swap	(600,000)	4,600,000
Gain (loss) on settlement payments for derivatives	$ 200,000	$ 100,000
Fair value of derivative liability			$ 2,199,000

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2017
Income Tax Contingency [Line Items]
Effective Income Tax Rate Reconciliation, Percent	12.70%
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent	1.90%
Scenario, Forecast
Income Tax Contingency [Line Items]
Effective Income Tax Rate Reconciliation, Percent		14.60%

FAIR VALUE DISCLOSURES - (Detai

FAIR VALUE DISCLOSURES - (Details) - Interest Rate Swap - Fair Value, Measurements, Recurring $ in Thousands	Mar. 31, 2017USD ($)
Fair Value Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ 0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value of Derivative Liability(b)	1,609
Fair Value Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ 0

SUPPLEMENTAL CONSOLIDATING ST46

SUPPLEMENTAL CONSOLIDATING STATEMENTS - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 783	$ 900	$ 783	$ 2,180	$ 289
Accounts receivable, net	59,510	64,943	59,510
Inventories	1,873	1,867	1,873
Rental equipment, net	471,219	462,084	471,219
Property and equipment, net	34,714	35,534	34,714
Prepaid expenses and other assets	9,887	8,203	9,887
Goodwill	60,644	60,644	60,644
Investment in Subsidiary		0	0
Intercompany		0	0
Intangible assets, net	14,027	14,246	14,027
Total assets	652,657	648,421	652,657
Liabilities
Accounts payable	25,031	15,851	25,031
Accrued expenses and other liabilities	35,812	35,074	35,812
Revolving credit facility, net	220,337	222,531	220,337
Second lien loan, net of debt issue costs and original issue discount	457,436	468,860	457,436
Payable pursuant to tax receivable agreement	29,560	29,505	29,560
Deferred tax liability, net	9,217	8,325	9,217
Total liabilities	777,393	780,146	777,393
Stockholders' deficit
Additional paid-in capital	(101,464)	(102,216)	(101,464)
Retained earnings	24,023	22,770	24,023
Members' deficit		0	0
Accumulated surplus		0	0
Total stockholders' deficit	(77,203)	(79,208)	(77,203)
Non-controlling interest	(47,533)	(52,517)	(47,533)
Total stockholders' deficit and non-controlling interest	(124,736)	(131,725)	(124,736)
Total liabilities and stockholders' deficit and non-controlling interest	652,657	648,421	652,657
Eliminations
ASSETS
Cash and cash equivalents	0	0	0	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		(406,596)	(424,389)
Intercompany		0	0
Intangible assets, net		0	0
Total assets		(406,596)	(424,389)
Liabilities
Accounts payable		0	0
Accrued expenses and other liabilities		0	0
Revolving credit facility, net		0	0
Second lien loan, net of debt issue costs and 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		(3,770)	(3,771)
Members' deficit		197,387	196,635
Accumulated surplus		(341,250)	(362,802)
Total stockholders' deficit		(293,776)	(316,081)
Non-controlling interest		(112,820)	(108,308)
Total stockholders' deficit and non-controlling interest		(406,596)	(424,389)
Total liabilities and stockholders' deficit and non-controlling interest		(406,596)	(424,389)
Neff Rental LLC | Reportable Legal Entities
ASSETS
Cash and cash equivalents	783	900	783	2,180	287
Accounts receivable, net		64,943	59,510
Inventories		1,867	1,873
Rental equipment, net		462,084	471,219
Property and equipment, net		35,534	34,714
Prepaid expenses and other assets		8,203	9,887
Goodwill		60,644	60,644
Investment in Subsidiary		0	0
Intercompany		10,258	10,258
Intangible assets, net		14,246	14,027
Total assets		658,679	662,915
Liabilities
Accounts payable		15,851	25,031
Accrued expenses and other liabilities		35,074	35,812
Revolving credit facility, net		222,531	220,337
Second lien loan, net of debt issue costs and original issue discount		468,860	457,436
Payable pursuant to tax receivable agreement		0	0
Deferred tax liability, net		0	0
Total liabilities		742,316	738,616
Stockholders' deficit
Additional paid-in capital		0	0
Retained earnings		0	0
Members' deficit		(197,387)	(196,635)
Accumulated surplus		113,750	120,934
Total stockholders' deficit		(83,637)	(75,701)
Non-controlling interest		0	0
Total stockholders' deficit and non-controlling interest		(83,637)	(75,701)
Total liabilities and stockholders' deficit and non-controlling interest		658,679	662,915
Neff LLC | Reportable Legal Entities
ASSETS
Cash and cash equivalents	0	0	0	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		113,750	120,934
Intercompany		0	0
Intangible assets, net		0	0
Total assets		113,750	120,934
Liabilities
Accounts payable		0	0
Accrued expenses and other liabilities		0	0
Revolving credit facility, net		0	0
Second lien loan, net of debt issue costs and 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		113,750	120,934
Total stockholders' deficit		113,750	120,934
Non-controlling interest		0	0
Total stockholders' deficit and non-controlling interest		113,750	120,934
Total liabilities and stockholders' deficit and non-controlling interest		113,750	120,934
Neff Holdings LLC | Reportable Legal Entities
ASSETS
Cash and cash equivalents	0	0	0	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		113,750	120,934
Intercompany		0	0
Intangible assets, net		0	0
Total assets		113,750	120,934
Liabilities
Accounts payable		0	0
Accrued expenses and other liabilities		0	0
Revolving credit facility, net		0	0
Second lien loan, net of debt issue costs and 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		113,750	120,934
Total stockholders' deficit		113,750	120,934
Non-controlling interest		0	0
Total stockholders' deficit and non-controlling interest		113,750	120,934
Total liabilities and stockholders' deficit and non-controlling interest		113,750	120,934
Neff Corporation | Reportable Legal Entities
ASSETS
Cash and cash equivalents	0	0	0	$ 0	$ 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		179,096	182,521
Intercompany		(10,258)	(10,258)
Intangible assets, net		0	0
Total assets		168,838	172,263
Liabilities
Accounts payable		0	0
Accrued expenses and other liabilities		0	0
Revolving credit facility, net		0	0
Second lien loan, net of debt issue costs and original issue discount		0	0
Payable pursuant to tax receivable agreement		29,505	29,560
Deferred tax liability, net		8,325	9,217
Total liabilities		37,830	38,777
Stockholders' deficit
Additional paid-in capital		43,927	44,679
Retained earnings		26,540	27,794
Members' deficit		0	0
Accumulated surplus		0	0
Total stockholders' deficit		70,705	72,711
Non-controlling interest		60,303	60,775
Total stockholders' deficit and non-controlling interest		131,008	133,486
Total liabilities and stockholders' deficit and non-controlling interest		168,838	172,263
Class A Common Stock
Stockholders' deficit
Common stock	88	88	88
Class A Common Stock | Eliminations
Stockholders' deficit
Common stock		0	0
Class A Common Stock | Neff Rental LLC | Reportable Legal Entities
Stockholders' deficit
Common stock		0	0
Class A Common Stock | Neff LLC | Reportable Legal Entities
Stockholders' deficit
Common stock		0	0
Class A Common Stock | Neff Holdings LLC | Reportable Legal Entities
Stockholders' deficit
Common stock		0	0
Class A Common Stock | Neff Corporation | Reportable Legal Entities
Stockholders' deficit
Common stock		88	88
Class B Common Stock
Stockholders' deficit
Common stock	$ 150	150	150
Class B Common Stock | Eliminations
Stockholders' deficit
Common stock		0	0
Class B Common Stock | Neff Rental LLC | Reportable Legal Entities
Stockholders' deficit
Common stock		0	0
Class B Common Stock | Neff LLC | Reportable Legal Entities
Stockholders' deficit
Common stock		0	0
Class B Common Stock | Neff Holdings LLC | Reportable Legal Entities
Stockholders' deficit
Common stock		0	0
Class B Common Stock | Neff Corporation | Reportable Legal Entities
Stockholders' deficit
Common stock		$ 150	$ 150

SUPPLEMENTAL CONSOLIDATING ST47

SUPPLEMENTAL CONSOLIDATING STATEMENTS - Condensed Consolidating Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues
Rental revenues	$ 85,498	$ 81,177
Equipment sales	7,195	5,102
Parts and service	3,184	3,305
Total revenues	95,877	89,584
Cost of revenues
Cost of equipment sold	4,953	3,111
Depreciation of rental equipment	22,150	22,165
Cost of rental revenues	22,263	19,933
Cost of parts and service	1,797	1,805
Total cost of revenues	51,163	47,014
Gross profit	44,714	42,570
Other operating expenses
Selling, general and administrative expenses	24,542	24,522
Other depreciation and amortization	2,171	2,741
Total other operating expenses	26,713	27,263
Income from operations	18,001	15,307
Other expenses (income)
Interest expense	11,173	11,044
Adjustment to tax receivable agreement	55	414
(Gain) loss on interest rate swap	(375)	4,654
Total other expenses (income)	10,853	16,112
Income (loss) before income taxes	7,148	(805)
Equity earnings in subsidiaries	0	0
(Provision for) benefit from income taxes	(911)	385
Net income (loss)	6,237	(420)
Less: net income (loss) attributable to non-controlling interest	4,512	(269)
Net income (loss) attributable to Neff Corporation	1,725	(151)
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 (income)
Interest expense	0	0
Adjustment to tax receivable agreement	0	0
(Gain) loss on interest rate swap	0	0
Total other expenses (income)	0	0
Income (loss) before income taxes	0	0
Equity earnings in subsidiaries	(17,040)	904
(Provision for) benefit from income taxes	0	0
Net income (loss)	(17,040)	904
Less: net income (loss) attributable to non-controlling interest	0	0
Net income (loss) attributable to Neff Corporation	(17,040)	904
Neff Rental LLC | Reportable Legal Entities
Revenues
Rental revenues	85,498	81,177
Equipment sales	7,195	5,102
Parts and service	3,184	3,305
Total revenues	95,877	89,584
Cost of revenues
Cost of equipment sold	4,953	3,111
Depreciation of rental equipment	22,150	22,165
Cost of rental revenues	22,263	19,933
Cost of parts and service	1,797	1,805
Total cost of revenues	51,163	47,014
Gross profit	44,714	42,570
Other operating expenses
Selling, general and administrative expenses	24,542	24,522
Other depreciation and amortization	2,171	2,741
Total other operating expenses	26,713	27,263
Income from operations	18,001	15,307
Other expenses (income)
Interest expense	11,173	11,044
Adjustment to tax receivable agreement	0	0
(Gain) loss on interest rate swap	(375)	4,654
Total other expenses (income)	10,798	15,698
Income (loss) before income taxes	7,203	(391)
Equity earnings in subsidiaries	0	0
(Provision for) benefit from income taxes	(19)	0
Net income (loss)	7,184	(391)
Less: net income (loss) attributable to non-controlling interest	0	0
Net income (loss) attributable to Neff Corporation	7,184	(391)
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 (income)
Interest expense	0	0
Adjustment to tax receivable agreement	0	0
(Gain) loss on interest rate swap	0	0
Total other expenses (income)	0	0
Income (loss) before income taxes	0	0
Equity earnings in subsidiaries	7,184	(391)
(Provision for) benefit from income taxes	0	0
Net income (loss)	7,184	(391)
Less: net income (loss) attributable to non-controlling interest	0	0
Net income (loss) attributable to Neff Corporation	7,184	(391)
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 (income)
Interest expense	0	0
Adjustment to tax receivable agreement	0	0
(Gain) loss on interest rate swap	0	0
Total other expenses (income)	0	0
Income (loss) before income taxes	0	0
Equity earnings in subsidiaries	7,184	(391)
(Provision for) benefit from income taxes	0	0
Net income (loss)	7,184	(391)
Less: net income (loss) attributable to non-controlling interest	4,512	(269)
Net income (loss) attributable to Neff Corporation	2,672	(122)
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 (income)
Interest expense	0	0
Adjustment to tax receivable agreement	55	414
(Gain) loss on interest rate swap	0	0
Total other expenses (income)	55	414
Income (loss) before income taxes	(55)	(414)
Equity earnings in subsidiaries	2,672	(122)
(Provision for) benefit from income taxes	(892)	385
Net income (loss)	1,725	(151)
Less: net income (loss) attributable to non-controlling interest	0	0
Net income (loss) attributable to Neff Corporation	$ 1,725	$ (151)

SUPPLEMENTAL CONSOLIDATING ST48

SUPPLEMENTAL CONSOLIDATING STATEMENTS - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows from Operating Activities
Net income (loss)	$ 6,237	$ (420)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	24,102	24,638
Amortization of debt issue costs	526	395
Amortization of intangible assets	219	268
Amortization of original issue discount	86	72
Gain on sale of equipment	(2,242)	(1,991)
Provision for bad debt	315	596
Equity-based compensation	752	768
Deferred income taxes	892	(385)
Adjustment to tax receivable agreement	55	414
Unrealized (gain) loss on interest rate swap	(590)	4,605
Equity earnings in subsidiaries	0	0
Changes in operating assets and liabilities:
Accounts receivable	5,118	11,104
Inventories, prepaid expenses and other assets	(1,690)	(1,948)
Accounts payable	(66)	(1,494)
Accrued expenses and other liabilities	(4,552)	(3,207)
Net cash provided by operating activities	29,162	33,415
Cash Flows from Investing Activities
Purchases of rental equipment	(21,141)	(36,065)
Proceeds from sale of equipment	7,195	5,102
Purchases of property and equipment	(1,103)	(5,018)
Net cash used in investing activities	(15,049)	(35,981)
Cash Flows from Financing Activities
Repayments under revolving credit facility	(37,394)	(29,400)
Borrowings under revolving credit facility	34,994	43,900
Debt issue costs	0	(1,418)
Common stock repurchases	0	5,276
Common unit sales/repurchases		0
Second Lien Loan prepayment	(11,830)	(3,349)
Intercompany		0
Net cash (used in) provided by financing activities	(14,230)	4,457
Net (decrease) increase in cash and cash equivalents	(117)	1,891
Cash and cash equivalents, beginning of period	900	289
Cash and cash equivalents, end of period	783	2,180
Eliminations
Cash Flows from Operating Activities
Net income (loss)	(17,040)	904
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	0	0
Amortization of debt issue costs	0	0
Amortization of intangible assets	0	0
Amortization of original issue discount	0	0
Gain on sale of equipment	0	0
Provision for bad debt	0	0
Equity-based compensation	0	0
Deferred income taxes	0	0
Adjustment to tax receivable agreement	0	0
Unrealized (gain) loss on interest rate swap	0	0
Equity earnings in subsidiaries	17,040	(904)
Changes in operating assets and liabilities:
Accounts receivable	0	0
Inventories, prepaid expenses and other assets	0	0
Accounts payable	0	0
Accrued expenses and other liabilities	0	0
Net cash provided by operating activities	0	0
Cash Flows from Investing Activities
Purchases of rental equipment	0	0
Proceeds from sale of equipment	0	0
Purchases of property and equipment	0	0
Net cash used in investing activities	0	0
Cash Flows from Financing Activities
Repayments under revolving credit facility	0	0
Borrowings under revolving credit facility	0	0
Debt issue costs		0
Common stock repurchases		0
Common unit sales/repurchases		0
Second Lien Loan prepayment	0	0
Intercompany		0
Net cash (used in) provided by financing activities	0	0
Net (decrease) increase in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Neff Rental LLC | Reportable Legal Entities
Cash Flows from Operating Activities
Net income (loss)	7,184	(391)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	24,102	24,638
Amortization of debt issue costs	526	395
Amortization of intangible assets	219	268
Amortization of original issue discount	86	72
Gain on sale of equipment	(2,242)	(1,991)
Provision for bad debt	315	596
Equity-based compensation	752	768
Deferred income taxes	0	0
Adjustment to tax receivable agreement	0	0
Unrealized (gain) loss on interest rate swap	(590)	4,605
Equity earnings in subsidiaries	0	0
Changes in operating assets and liabilities:
Accounts receivable	5,118	11,104
Inventories, prepaid expenses and other assets	(1,690)	(1,948)
Accounts payable	(66)	(1,494)
Accrued expenses and other liabilities	(4,552)	(3,207)
Net cash provided by operating activities	29,162	33,415
Cash Flows from Investing Activities
Purchases of rental equipment	(21,141)	(36,065)
Proceeds from sale of equipment	7,195	5,102
Purchases of property and equipment	(1,103)	(5,018)
Net cash used in investing activities	(15,049)	(35,981)
Cash Flows from Financing Activities
Repayments under revolving credit facility	(37,394)	(29,400)
Borrowings under revolving credit facility	34,994	43,900
Debt issue costs		(1,418)
Common stock repurchases		0
Common unit sales/repurchases		5,276
Second Lien Loan prepayment	(11,830)	(3,349)
Intercompany		2
Net cash (used in) provided by financing activities	(14,230)	4,459
Net (decrease) increase in cash and cash equivalents	(117)	1,893
Cash and cash equivalents, beginning of period	900	287
Cash and cash equivalents, end of period	783	2,180
Neff LLC | Reportable Legal Entities
Cash Flows from Operating Activities
Net income (loss)	7,184	(391)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	0	0
Amortization of debt issue costs	0	0
Amortization of intangible assets	0	0
Amortization of original issue discount	0	0
Gain on sale of equipment	0	0
Provision for bad debt	0	0
Equity-based compensation	0	0
Deferred income taxes	0	0
Adjustment to tax receivable agreement	0	0
Unrealized (gain) loss on interest rate swap	0	0
Equity earnings in subsidiaries	(7,184)	391
Changes in operating assets and liabilities:
Accounts receivable	0	0
Inventories, prepaid expenses and other assets	0	0
Accounts payable	0	0
Accrued expenses and other liabilities	0	0
Net cash provided by operating activities	0	0
Cash Flows from Investing Activities
Purchases of rental equipment	0	0
Proceeds from sale of equipment	0	0
Purchases of property and equipment	0	0
Net cash used in investing activities	0	0
Cash Flows from Financing Activities
Repayments under revolving credit facility	0	0
Borrowings under revolving credit facility	0	0
Debt issue costs		0
Common stock repurchases		0
Common unit sales/repurchases		0
Second Lien Loan prepayment	0	0
Intercompany		0
Net cash (used in) provided by financing activities	0	0
Net (decrease) increase in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Neff Holdings LLC | Reportable Legal Entities
Cash Flows from Operating Activities
Net income (loss)	7,184	(391)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	0	0
Amortization of debt issue costs	0	0
Amortization of intangible assets	0	0
Amortization of original issue discount	0	0
Gain on sale of equipment	0	0
Provision for bad debt	0	0
Equity-based compensation	0	0
Deferred income taxes	0	0
Adjustment to tax receivable agreement	0	0
Unrealized (gain) loss on interest rate swap	0	0
Equity earnings in subsidiaries	(7,184)	391
Changes in operating assets and liabilities:
Accounts receivable	0	0
Inventories, prepaid expenses and other assets	0	0
Accounts payable	0	0
Accrued expenses and other liabilities	0	0
Net cash provided by operating activities	0	0
Cash Flows from Investing Activities
Purchases of rental equipment	0	0
Proceeds from sale of equipment	0	0
Purchases of property and equipment	0	0
Net cash used in investing activities	0	0
Cash Flows from Financing Activities
Repayments under revolving credit facility	0	0
Borrowings under revolving credit facility	0	0
Debt issue costs		0
Common stock repurchases		0
Common unit sales/repurchases		0
Second Lien Loan prepayment	0	0
Intercompany		0
Net cash (used in) provided by financing activities	0	0
Net (decrease) increase in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Parent Company [Member] | Reportable Legal Entities
Cash Flows from Operating Activities
Net income (loss)	1,725	(151)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	0	0
Amortization of debt issue costs	0	0
Amortization of intangible assets	0	0
Amortization of original issue discount	0	0
Gain on sale of equipment	0	0
Provision for bad debt	0	0
Equity-based compensation	0	0
Deferred income taxes	892	(385)
Adjustment to tax receivable agreement	55	414
Unrealized (gain) loss on interest rate swap	0	0
Equity earnings in subsidiaries	(2,672)	122
Changes in operating assets and liabilities:
Accounts receivable	0	0
Inventories, prepaid expenses and other assets	0	0
Accounts payable	0	0
Accrued expenses and other liabilities	0	0
Net cash provided by operating activities	0	0
Cash Flows from Investing Activities
Purchases of rental equipment	0	0
Proceeds from sale of equipment	0	0
Purchases of property and equipment	0	0
Net cash used in investing activities	0	0
Cash Flows from Financing Activities
Repayments under revolving credit facility	0	0
Borrowings under revolving credit facility	0	0
Debt issue costs		0
Common stock repurchases		(5,276)
Common unit sales/repurchases		5,276
Second Lien Loan prepayment	0	0
Intercompany		(2)
Net cash (used in) provided by financing activities	0	(2)
Net (decrease) increase in cash and cash equivalents	0	(2)
Cash and cash equivalents, beginning of period	0	2
Cash and cash equivalents, end of period	$ 0	$ 0