Mobile Mini (MINI) 10-Q 1 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 25, 2019
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Registrant Name	MOBILE MINI INC
Entity Central Index Key	0000911109
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		44,122,188
Entity File Number	1-12804
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-0748362
Entity Address, Address Line One	4646 E. Van Buren Street
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Phoenix
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85008
City Area Code	480
Local Phone Number	894-6311
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Security 12b Title	Common Stock, $.01 par value Preferred Share Purchase Rights
Trading Symbol	MINI
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 7,295	$ 5,605
Receivables, net of allowance for doubtful accounts of $5,291 and $4,599 at September 30, 2019 and December 31, 2018, respectively	106,847	130,233
Inventories	9,835	11,725
Rental fleet, net	953,331	929,090
Property, plant and equipment, net	150,479	154,254
Operating lease assets	95,489
Other assets	12,809	13,398
Intangibles, net	51,333	55,542
Goodwill	705,769	705,217
Total assets	2,093,187	2,005,064
Liabilities:
Accounts payable	30,167	33,177
Accrued liabilities	74,331	88,136
Operating lease liabilities	97,283
Lines of credit	584,000	593,495
Obligations under finance leases	67,648	63,359
Senior notes, net of deferred financing costs of $3,033 and $3,511 at September 30, 2019 and December 31, 2018, respectively	246,967	246,489
Deferred income taxes	186,116	170,139
Total liabilities	1,286,512	1,194,795
Commitments and contingencies	0	0
Stockholders' equity:
Preferred stock $.01 par value, 20,000 shares authorized, none issued
Common stock $.01 par value, 95,000 shares authorized, 50,343 issued and 44,115 outstanding at September 30, 2019 and 49,986 issued and 44,690 outstanding at December 31, 2018	503	500
Additional paid-in capital	634,994	619,850
Retained earnings	428,398	410,641
Accumulated other comprehensive loss	(79,814)	(72,861)
Treasury stock, at cost, 6,228 and 5,296 shares at September 30, 2019 and December 31, 2018, respectively	(177,406)	(147,861)
Total stockholders' equity	806,675	810,269
Total liabilities and stockholders' equity	$ 2,093,187	$ 2,005,064

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Receivables, allowance for doubtful accounts	$ 5,291	$ 4,599
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	95,000,000	95,000,000
Common stock, issued	50,343,000	49,986,000
Common stock, outstanding	44,115,000	44,690,000
Treasury stock, shares	6,228,000	5,296,000
Senior Notes
Deferred financing costs	$ 3,033	$ 3,511

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended		12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenues:
Revenues	$ 153,517			$ 149,707			$ 453,359	$ 432,360
Costs and expenses:
Restructuring expenses							0	1,306	$ 2,006
Asset impairment charge and loss on divestiture, net				98,278				98,278	$ 102,140
Depreciation and amortization	17,490			16,191			52,960	50,206
Total costs and expenses	113,727			211,003			346,812	435,748
Income (loss) from operations	39,790			(61,296)			106,547	(3,388)
Other income (expense):
Interest income	12						12	6
Interest expense	(10,393)			(10,487)			(31,745)	(30,179)
Deferred financing costs write-off							(123)
Foreign currency exchange	(13)			24			(179)	69
Income (loss) before income tax provision (benefit)	29,396			(71,759)			74,512	(33,492)
Income tax provision (benefit)	6,821			(19,594)			19,794	(11,182)
Net income (loss)	$ 22,575	$ 14,058	$ 18,085	$ (52,165)	$ 15,000	$ 14,855	$ 54,718	$ (22,310)
Earnings (loss) per share:
Basic	$ 0.51			$ (1.18)			$ 1.23	$ (0.50)
Diluted	$ 0.51			$ (1.18)			$ 1.23	$ (0.50)
Weighted average number of common and common share equivalents outstanding:
Basic	44,072			44,323			44,337	44,275
Diluted	44,316			44,323			44,646	44,275
Cash dividends declared per share	$ 0.28			$ 0.25			$ 0.83	$ 0.75
Rental
Revenues:
Revenues	$ 145,519			$ 140,924			$ 429,597	$ 406,149
Sales
Revenues:
Revenues	7,887			8,716			23,245	25,700
Costs and expenses:
Cost of sales	4,838			5,770			14,484	16,925
Other
Revenues:
Revenues	111			67			517	511
Rental Selling and General Expenses
Costs and expenses:
Cost of sales	$ 91,399			$ 90,764			$ 279,368	$ 269,033

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 22,575	$ 14,058	$ 18,085	$ (52,165)	$ 15,000	$ 14,855	$ 54,718	$ (22,310)
Foreign currency translation adjustment	(6,822)			(2,696)			(6,953)	(7,053)
Comprehensive income (loss)	$ 15,753			$ (54,861)			$ 47,765	$ (29,363)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning Balance at Dec. 31, 2017	$ 861,688	$ 497	$ 605,369	$ 463,322	$ (60,334)	$ (147,166)
Beginning Balance (Shares) at Dec. 31, 2017		44,380				5,278
Net income (loss)	14,855			14,855
Common stock dividends declared	(11,054)			(11,054)
Other comprehensive income (loss)	8,626				8,626
Exercise of stock options	1,525	$ 1	1,524
Exercise of stock options (Shares)		55
Purchase of treasury stock	(533)					$ (533)
Purchase of treasury stock (Shares)		(14)				14
Restricted stock grants, net	(1)	$ 1	(2)
Restricted stock grants, net (Shares)		195
Share-based compensation	2,229		2,229
Ending Balance at Mar. 31, 2018	877,335	$ 499	609,120	467,123	(51,708)	$ (147,699)
Ending Balance (Shares) at Mar. 31, 2018		44,616				5,292
Beginning Balance at Dec. 31, 2017	861,688	$ 497	605,369	463,322	(60,334)	$ (147,166)
Beginning Balance (Shares) at Dec. 31, 2017		44,380				5,278
Net income (loss)	(22,310)
Ending Balance at Sep. 30, 2018	809,688	$ 500	616,850	407,559	(67,387)	$ (147,834)
Ending Balance (Shares) at Sep. 30, 2018		44,692				5,295
Beginning Balance at Mar. 31, 2018	877,335	$ 499	609,120	467,123	(51,708)	$ (147,699)
Beginning Balance (Shares) at Mar. 31, 2018		44,616				5,292
Net income (loss)	15,000			15,000
Common stock dividends declared	(11,249)			(11,249)
Other comprehensive income (loss)	(12,983)				(12,983)
Exercise of stock options	969		969
Exercise of stock options (Shares)		28
Purchase of treasury stock	(7)					$ (7)
Restricted stock grants, net	1	$ 1
Restricted stock grants, net (Shares)		15
Share-based compensation	3,407		3,407
Ending Balance at Jun. 30, 2018	872,473	$ 500	613,496	470,874	(64,691)	$ (147,706)
Ending Balance (Shares) at Jun. 30, 2018		44,659				5,292
Net income (loss)	(52,165)			(52,165)
Common stock dividends declared	(11,150)			(11,150)
Other comprehensive income (loss)	(2,696)				(2,696)
Exercise of stock options	1,124		1,124
Exercise of stock options (Shares)		35
Purchase of treasury stock	(128)					$ (128)
Purchase of treasury stock (Shares)		(3)				3
Restricted stock grants, net (Shares)		1
Share-based compensation	2,230		2,230
Ending Balance at Sep. 30, 2018	809,688	$ 500	616,850	407,559	(67,387)	$ (147,834)
Ending Balance (Shares) at Sep. 30, 2018		44,692				5,295
Beginning Balance at Dec. 31, 2018	810,269	$ 500	619,850	410,641	(72,861)	$ (147,861)
Beginning Balance (Shares) at Dec. 31, 2018		44,690				5,296
Net income (loss)	18,085			18,085
Common stock dividends declared	(12,339)			(12,339)
Other comprehensive income (loss)	5,105				5,105
Exercise of stock options	1,690	$ 1	1,689
Exercise of stock options (Shares)		66
Purchase of treasury stock	(1,057)					$ (1,057)
Purchase of treasury stock (Shares)		(29)				29
Restricted stock grants, net		$ 2	(2)
Restricted stock grants, net (Shares)		248
Share-based compensation	3,404		3,404
Ending Balance at Mar. 31, 2019	825,157	$ 503	624,941	416,387	(67,756)	$ (148,918)
Ending Balance (Shares) at Mar. 31, 2019		44,975				5,325
Beginning Balance at Dec. 31, 2018	810,269	$ 500	619,850	410,641	(72,861)	$ (147,861)
Beginning Balance (Shares) at Dec. 31, 2018		44,690				5,296
Net income (loss)	$ 54,718
Exercise of stock options (Shares)	88
Ending Balance at Sep. 30, 2019	$ 806,675	$ 503	634,994	428,398	(79,814)	$ (177,406)
Ending Balance (Shares) at Sep. 30, 2019		44,115				6,228
Beginning Balance at Mar. 31, 2019	825,157	$ 503	624,941	416,387	(67,756)	$ (148,918)
Beginning Balance (Shares) at Mar. 31, 2019		44,975				5,325
Net income (loss)	14,058			14,058
Common stock dividends declared	(12,372)			(12,372)
Other comprehensive income (loss)	(5,236)				(5,236)
Exercise of stock options	114		114
Exercise of stock options (Shares)		5
Purchase of treasury stock	(10,006)					$ (10,006)
Purchase of treasury stock (Shares)		(321)				321
Restricted stock grants, net (Shares)		35
Share-based compensation	6,933		6,933
Ending Balance at Jun. 30, 2019	818,648	$ 503	631,988	418,073	(72,992)	$ (158,924)
Ending Balance (Shares) at Jun. 30, 2019		44,694				5,646
Net income (loss)	22,575			22,575
Common stock dividends declared	(12,250)			(12,250)
Other comprehensive income (loss)	(6,822)				(6,822)
Exercise of stock options	510		510
Exercise of stock options (Shares)		16
Purchase of treasury stock	(18,482)					$ (18,482)
Purchase of treasury stock (Shares)		(582)				582
Restricted stock grants, net	(1)		(1)
Restricted stock grants, net (Shares)		(13)
Share-based compensation	2,497		2,497
Ending Balance at Sep. 30, 2019	$ 806,675	$ 503	$ 634,994	$ 428,398	$ (79,814)	$ (177,406)
Ending Balance (Shares) at Sep. 30, 2019		44,115				6,228

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income (loss)	$ 54,718	$ (22,310)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Deferred financing costs write-off	123
Asset impairment charge and loss on divestiture, net		98,278
Provision for doubtful accounts	4,235	1,980
Amortization of deferred financing costs	1,383	1,545
Amortization of long-term liabilities	13	109
Share-based compensation expense	12,834	7,866
Depreciation and amortization	52,960	50,206
Gain on sale of rental fleet	(4,610)	(4,523)
Loss on disposal of property, plant and equipment	46	548
Deferred income taxes	15,855	(12,891)
Foreign currency exchange	179	(69)
Changes in certain assets and liabilities:
Receivables	18,735	(9,029)
Inventories	1,822	(922)
Other assets	1,349	1,875
Accounts payable	2,669	3,217
Accrued liabilities	(10,412)	340
Net cash provided by operating activities	151,899	116,220
Cash flows from investing activities:
Cash paid for business acquired, net of cash acquired	(4,878)
Proceeds from sale of assets held for sale		3,508
Additions to rental fleet, excluding acquisitions	(61,247)	(65,620)
Proceeds from sale of rental fleet	10,782	11,447
Additions to property, plant and equipment, excluding acquisitions	(9,917)	(14,635)
Proceeds from sale of property, plant and equipment	448	603
Net cash used in investing activities	(64,812)	(64,697)
Cash flows from financing activities:
Net repayments under lines of credit	(9,494)	(24,062)
Deferred financing costs	(3,491)
Principal payments on finance lease obligations	(8,167)	(6,683)
Issuance of common stock	2,314	3,617
Dividend payments	(36,864)	(33,312)
Purchase of treasury stock	(29,545)	(668)
Net cash used in financing activities	(85,247)	(61,108)
Effect of exchange rate changes on cash	(150)	1,069
Net increase (decrease) in cash	1,690	(8,516)
Cash and cash equivalents at beginning of period	5,605	13,451
Cash and cash equivalents at end of period	7,295	4,935
Supplemental disclosure of cash flow information:
Cash paid for interest	34,156	31,753
Cash paid for income and franchise taxes	5,119	2,346
Equipment and other acquired through finance lease obligations	12,455	15,746
Capital expenditures accrued or payable	$ 5,110	$ 9,774

Mobile Mini, Inc. - Organizatio

Mobile Mini, Inc. - Organization and Description of Business	9 Months Ended
	Sep. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Mobile Mini, Inc. - Organization and Description of Business	(1) Mobile Mini, Inc. - Organization and Description of Business Mobile Mini, Inc., a Delaware corporation, is a leading provider of portable storage solutions and tank and pump solutions. In these notes, the terms “Mobile Mini” the “Company,” “we,” “us,” and “our” refer to Mobile Mini, Inc. At September 30, 2019, we had a fleet of storage solutions units operating throughout the United States (the “U.S.”), Canada and the United Kingdom (the “U.K.”), serving a diversified customer base, including construction companies, large and small retailers, medical centers, schools, utilities, distributors, the military, hotels, restaurants, entertainment complexes and households. These customers rent our products for a wide variety of applications, including the storage of construction materials and equipment, retail and manufacturing inventory, documents and records and other goods. We also have a fleet of tank and pump solutions products, concentrated in the U.S. Gulf Coast, including liquid and solid containment units, serving a specialty sector in the industry. Our tank and pump products are rented primarily to chemical, refinery, oil and natural gas drilling, mining and environmental service customers. Basis of Presentation and Consolidation The consolidated financial statements include the accounts of Mobile Mini and our wholly owned subsidiaries. We do not have any subsidiaries in which we do not own 100% of the outstanding stock. All significant intercompany balances and transactions have been eliminated. The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) applicable to interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. In the opinion of management of Mobile Mini, all adjustments (which include normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows for all periods presented have been made. The results of operations for the nine months ended September 30, 2019 and 2018, respectively, are not necessarily indicative of the results to be expected for the full year. These condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and accompanying notes thereto included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2018 filed with the Securities and Exchange Commission (“SEC”) on February 5, 2019. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying condensed consolidated financial statements and the notes to those statements. Actual results could differ from those estimates. Significant estimates affect the calculation of depreciation and amortization, the calculation of the allowance for doubtful accounts, the analysis of goodwill and long-lived assets for potential impairment and certain accrued liabilities.

Impact of Recently Issued Accou

Impact of Recently Issued Accounting Standards	9 Months Ended
	Sep. 30, 2019
Accounting Changes And Error Corrections [Abstract]
Impact of Recently Issued Accounting Standards	(2) Impact of Recently Issued Accounting Standards Intangibles – Goodwill and Other – Internal-Use Software . In August 2018, the Financial Accounting Standards Board (the “FASB”) issued a standard that provides guidance on accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software, and hosting arrangements that include an internal-use software license. This guidance also requires entities to present the expense related to the capitalized implementation costs in the same line item in the statement of income as the fees associated with the hosting element (service) of the arrangement and classify payments for capitalized implementation costs in the statement of cash flows in the same manner as payments made for fees associated with the hosting element. The entity is also required to present the capitalized implementation costs in the statement of financial position in the same line item that a prepayment for the fees of the associated hosting arrangement would be presented. This standard is effective for annual and interim periods beginning after December 15, 2019. We will adopt this standard on January 1, 2020 and do not expect the adoption of this standard to have a material effect on our consolidated financial statements. Intangibles – Goodwill and Other. In January 2017, the FASB issued a standard requiring an entity to no longer perform a hypothetical purchase price allocation to measure goodwill impairment. Instead, impairment will be measured using the difference between the carrying amount and the fair value of the reporting unit. This standard is effective for annual and interim periods beginning after December 15, 2019. Entities may early adopt the guidance. We will adopt this standard on January 1, 2020 and do not expect the adoption of this standard to have a material effect on our consolidated financial statements. Leases . In February 2016, the FASB issued a standard on lease accounting requiring a lessee to recognize assets and liabilities on the balance sheet for leases with lease terms greater than 12 months. This standard is effective for annual and interim periods beginning after December 15, 2018. We adopted this standard effective January 1, 2019, utilizing a modified retrospective transition approach. We chose to use the effective date as our date of initial application. Consequently, financial information was not updated, and the disclosures required under the new standard were not provided for dates and periods before January 1, 2019. The standard includes optional transition practical expedients intended to simplify its adoption. We elected to adopt the package of practical expedients, which allowed us to retain the historical lease classification determined under legacy GAAP as well as a relief from reviewing expired or existing contracts to determine if they contain leases. Upon adoption, we recognized operating lease liabilities totaling approximately $91 million, with corresponding right of use assets. The liabilities were calculated as the present value of the remaining minimum rental payments for existing operating leases. When we enter contractual arrangements as lessor, we expect the period of each rental to be less than one year. As such, the accounting for contracts in which we are the lessor is not affected. This standard did not materially impact our consolidated net earnings and had no impact on cash flows. See Note 13 for additional information.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	(3) Fair Value Measurements Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value is a market-based measurement determined by assumptions that market participants would use in pricing an asset or liability. We categorize each of our fair value measurements in one of the following three levels based on the lowest level of input that is significant to the fair value measurement:  Level 1 — Observable inputs such as quoted prices in active markets for identical assets or liabilities; Level 2 — Observable inputs, other than Level 1 inputs in active markets, that are observable either directly or indirectly; and Level 3 — Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions. At September 30, 2019 and December 31, 2018, we did not have any financial instruments required to be recorded at fair value on a recurring basis. The carrying amounts of cash, cash equivalents, receivables, accounts payable and accrued liabilities approximate fair values based on their short-term nature. The fair values of our revolving credit facility and finance leases are estimated using discounted cash flow analyses, based on our current incremental borrowing rates for similar types of borrowing arrangements. Based on the borrowing rates currently available to us for bank loans with similar terms and average maturities, the fair value of our revolving credit facility debt and finance leases, which are measured using Level 2 inputs, at September 30, 2019 and December 31, 2018, approximated their respective book values. The fair value of our $250.0 million aggregate principal amount of 5.875% senior notes due July 1, 2024 (the “Senior Notes” or “2024 Notes”) is based on their latest sales price at the end of each period obtained from a third-party institution and is Level 2 in the fair value hierarchy as there is not an active market for the Senior Notes. The Senior Notes are presented on the balance sheet net of deferred financing costs. The gross carrying value and the fair value of our Senior Notes are as follows: September 30, 2019 December 31, 2018 (In thousands) Carrying value $ 250,000 $ 250,000 Fair value 258,750 247,028

Revenues

Revenues	9 Months Ended
	Sep. 30, 2019
Revenue From Contract With Customer [Abstract]
Revenues	(4) Revenues Revenue Recognition A performance obligation is a promise in a contract to transfer a distinct good or service to the customer. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. Rental revenue includes revenues associated with rental contracts with customers and may have multiple performance obligations including the direct rental of fleet to our customers, fleet delivery and pickup. Also included in rental revenues are ancillary fees including late charges and charges for damages. For contracts with multiple performance obligations, we allocate the contract’s transaction price to each performance obligation using the contractually stated price as our best estimate of the standalone selling price of each distinct promise in the contract. Our prices are determined using methods and assumptions developed consistently across similar customers and markets. We enter into contracts with our customers to rent equipment based on a monthly rate for our Storage Solutions fleet and a daily, weekly or monthly rate for our Tank & Pump Solutions fleet. Revenues from renting are recognized ratably over the rental period, in accordance with lease accounting guidance. The rental continues until cancelled by the customer or the Company. If equipment is returned prior to the end of the contractually obligated period, the excess, if any, between the amount the customer is contractually required to pay, over the cumulative amount of revenue recognized to date, is recognized as incremental revenue upon return. Customers may utilize our equipment delivery and pick-up services in conjunction with the rental of equipment, but it is not required. Revenue pursuant to the delivery or pick up of a rented unit is recognized upon completion of the service in accordance with revenue recognition guidance and is included in the rental revenues financial statement caption. Sales revenue is primarily generated by the sale of new and used units, and to a lesser extent, parts and supplies sold to Tank & Pump Solutions customers. Sales contracts generally have a single performance obligation that is satisfied at the time of delivery. Sales revenue is measured based on the consideration specified in the contract and recognized when the customer takes possession of the unit or other sale items. Our Storage Solutions rental customers are generally billed in advance. Additionally, we may bill our customers in advance for fleet pickup. Tank & Pump Solutions rental customers are typically billed in arrears, a minimum of once per month. Sales transactions are generally billed in advance or upon transfer of the sold items. Payments from customers are generally due upon receipt of the invoice. Certain customers have extended terms for payment, but no terms are greater than one year following the invoice date. Taxes assessed by a governmental authority that are both imposed and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Contract Costs and Liabilities When customers are billed in advance, we defer recognition of revenue and reflect unearned rental revenue at the end of the period. As of September 30, 2019 and December 31, 2018, we had approximately $40.7 million and $41.0 million, respectively, of unearned rental revenue included in accrued liabilities in the Condensed Consolidated Balance Sheets for September 30, 2019 and December 31, 2018. We expect to perform the remaining performance obligations and recognize the unearned rental revenue within the next twelve months. Disaggregated Rental Revenue In the following table, rental revenue is disaggregated by the nature of the underlying service provided and for the periods indicated. The table also includes a reconciliation of the disaggregated rental revenue to our reportable segments. For the Three Months Ended September 30, 2019 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Direct rental revenue $ 72,146 $ 12,952 $ 85,098 $ 19,520 $ 104,618 Delivery, pickup and similar revenue 22,985 4,654 27,639 8,357 35,996 Ancillary rental revenue 2,903 1,180 4,083 822 4,905 Total rental revenues $ 98,034 $ 18,786 $ 116,820 $ 28,699 $ 145,519 For the Three Months Ended September 30, 2018 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Direct rental revenue $ 68,073 $ 14,068 $ 82,141 $ 19,461 $ 101,602 Delivery, pickup and similar revenue 21,671 5,118 26,789 8,329 35,118 Ancillary rental revenue 2,497 1,212 3,709 495 4,204 Total rental revenues $ 92,241 $ 20,398 $ 112,639 $ 28,285 $ 140,924 For the Nine Months Ended September 30, 2019 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Direct rental revenue $ 208,647 $ 39,525 $ 248,172 $ 60,902 $ 309,074 Delivery, pickup and similar revenue 65,135 13,702 78,837 26,431 105,268 Ancillary rental revenue 9,224 3,697 12,921 2,334 15,255 Total rental revenues $ 283,006 $ 56,924 $ 339,930 $ 89,667 $ 429,597 For the Nine Months Ended September 30, 2018 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Direct rental revenue $ 196,029 $ 42,684 $ 238,713 $ 57,301 $ 296,014 Delivery, pickup and similar revenue 59,893 14,822 74,715 21,970 96,685 Ancillary rental revenue 8,305 3,560 11,865 1,585 13,450 Total rental revenues $ 264,227 $ 61,066 $ 325,293 $ 80,856 $ 406,149

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	(5) Earnings (Loss) Per Share Basic earnings per share (“EPS”) is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Restricted stock awards are subject to the risk of forfeiture and are not included in the calculation of basic weighted average number of common shares outstanding until vested. Diluted EPS is calculated under the treasury stock method. Potential common shares include restricted common stock and incremental shares of common stock issuable upon the exercise of stock options. The following table is a reconciliation of net income and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted EPS: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (In thousands, except per share data) Numerator: Net income (loss) $ 22,575 $ (52,165 ) $ 54,718 $ (22,310 ) Denominator: Weighted average shares outstanding - basic 44,072 44,323 44,337 44,275 Dilutive effect of share-based awards 244 — 309 — Weighted average shares outstanding - diluted 44,316 44,323 44,646 44,275 Earnings (loss) per share: Basic $ 0.51 $ (1.18 ) $ 1.23 $ (0.50 ) Diluted 0.51 (1.18 ) 1.23 (0.50 ) There were approximately 0.8 million and 0.7 million of common stock equivalents that would have been included in the diluted EPS denominator for the three- and nine-month periods ended September 20, 2018, respectively, had there not been a net loss. These common stock equivalents were excluded because their inclusion would reduce the net loss per share. In addition, the following table represents the effect of stock options and restricted share awards that were issued or outstanding but excluded in calculating diluted EPS because their effect would have been anti-dilutive for the period indicated, or the underlying performance criteria had not yet been met: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (In thousands) Stock options 1,529 691 1,525 724 Restricted share awards 1 42 1 27 Total 1,530 733 1,526 751

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Acquisition	(6) Acquisition During the nine months ended September 30, 2019, we completed one acquisition of a portable storage business which further strengthened our business in Tulsa, Oklahoma. The accompanying condensed consolidated financial statements include the operations of the acquired business from the date of acquisition. The aggregate purchase price for the assets acquired were recorded based on their estimated fair values at the date of the acquisition. We have not disclosed the pro-forma impact of the acquisition on operations as it was immaterial to our financial position or results of operations in aggregate. The components of the purchase price and net assets acquired during the nine months ended September 30, 2019 are as follows (in thousands ): Net Assets Acquired Rental fleet $ 2,599 Intangible assets: Customer relationships 628 Non-compete agreements 25 Goodwill 2,328 Other assets 37 Liabilities (739 ) Total purchase price $ 4,878

Asset Impairment Charge and Los

Asset Impairment Charge and Loss on Divestiture, Net of Proceeds	9 Months Ended
	Sep. 30, 2019
Assets Held For Sale Not Part Of Disposal Group [Abstract]
Asset Impairment Charge and Loss on Divestiture, Net of Proceeds	(7) Asset Impairment Charge and Loss on Divestiture, Net of Proceeds Consistent with our strategy to focus on high returning assets, during the second quarter of 2018 we initiated an organization-wide project to assess the economic and operational status of our fleet and other assets as well as an in-depth analysis of our fleet management process to identify inefficiencies. The task encompassed an intensive review of underperforming assets throughout North America and the U.K. using our recently implemented enterprise resource planning system and sophisticated work order system that allows specific identification of the status of each unit and facilitates deeper analysis of repair and maintenance costs. The result of this review was the identification of specific assets over which a further determination as to the economics of continued retention and repair could be made. In July 2018, management presented a proposed plan of sale for certain identified assets to the Board of Directors, and on July 24, 2018 the Board of Directors made the strategic decision to approve the plan and authorized management to begin actively marketing the assets for sale. As a result, we placed these assets as held for sale and recognized a $98.3 million loss on divestiture in the third quarter of 2018. In the fourth quarter of 2018, additional assets were identified and placed as held for sale, resulting in a full-year loss of $102.1 million, which consisted primarily of a non-cash loss of $111.4 million. The majority of the assets were sold as scrap metal. In addition to rental fleet, we also identified and placed for sale, property, plant and equipment and inventory that were not being used efficiently. The assets represent a subset of larger asset groups held by the Company. The sale was completed as of December 31, 2018. The loss for the twelve months ended December 31, 2018 related to this activity is set forth below: Net Book Value Units (In thousands) North America Storage Solutions Fleet: Steel storage containers $ 57,579 20,072 Steel ground level offices 30,806 3,543 Other 363 286 United Kingdom Storage Solutions Fleet 8,152 1,525 Tank & Pump Solutions Fleet 1,654 622 Other 12,875 n/a Total 111,429 26,048 Proceeds, net of disposal costs (9,289 ) Net loss on impairment and divestiture $ 102,140 Of the $102.1 million loss for the twelve months ended December 31, 2018, $98.3 million was recognized in the quarter ended September 30, 2018.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories	(8) Inventories Inventories at September 30, 2019 and December 31, 2018 consisted of the following: September 30, 2019 December 31, 2018 (In thousands) Raw materials and supplies $ 7,427 $ 8,078 Finished units 2,408 3,647 Inventories $ 9,835 $ 11,725

Rental Fleet

Rental Fleet	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Rental Fleet	(9) Rental Fleet Rental fleet is capitalized at cost and depreciated over the estimated useful life of the unit using the straight-line method. Rental fleet is depreciated whether or not it is out on rent. Capitalized cost of rental fleet includes the price paid to acquire the unit and freight charges to the location when the unit is first placed in service, and when applicable, the cost of manufacturing or remanufacturing, which includes the cost of customizing units. Ordinary repair and maintenance costs are charged to operations as incurred. We periodically review depreciable lives and residual values against various factors, including the results of our lenders’ independent appraisal of our rental fleet, practices of our competitors in comparable industries and profit margins achieved on sales of depreciated units. Appraisals on our rental fleet are required by our lenders on a regular basis. The appraisal typically reports no difference in the value of the unit due to the age or length of time it has been in our fleet. Based in part upon our lender’s third-party appraiser who evaluated our fleet as of September 30, 2018, management estimates that the net orderly liquidation appraisal value as of September 30, 2019 was approximately $1.1 billion. Our net book value for this fleet as of September 30, 2019 was $1.0 billion. Depreciation expense related to our rental fleet for both the nine months ended September 30, 2019 and 2018 was $23.9 million. At September 30, 2019, all rental fleet units were pledged as collateral under our Second Amended and Restated ABL Credit Agreement dated as of March 22, 2019 (the “New Credit Agreement”) with Deutsche Bank AG New York Branch (“Deutsche Bank”), as administrative agent, and the other lenders party thereto. Rental fleet consisted of the following at September 30, 2019 and December 31, 2018: Residual as Percentage of Original Cost (1) Estimated Useful Life in Years September 30, 2019 December 2018 (In thousands) Storage Solutions: Steel storage containers 55% 30 $ 618,325 $ 601,127 Steel ground level offices 55 30 355,897 341,385 Other 6,219 7,249 Total 980,441 949,761 Accumulated depreciation (161,020 ) (151,666 ) Total Storage Solutions fleet, net $ 819,421 $ 798,095 Tank & Pump Solutions: Steel tanks 25 $ 81,338 $ 72,770 Roll-off boxes 15 - 20 35,692 34,205 Stainless steel tank trailers 25 29,127 28,764 Vacuum boxes 20 16,794 17,005 Dewatering boxes 20 9,469 8,429 Pumps and filtration equipment 7 13,997 13,984 Other 9,611 8,475 Total 196,028 183,632 Accumulated depreciation (62,118 ) (52,637 ) Total Tank & Pump Solutions fleet, net $ 133,910 $ 130,995 Total rental fleet, net $ 953,331 $ 929,090 (1) Tank & Pump Solutions fleet has been assigned zero residual value.

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2019
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	(10) Property, Plant and Equipment Property, plant and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation is recorded using the straight-line method over the assets’ estimated useful lives. Our depreciation expense related to property, plant and equipment for the nine months ended September 30, 2019 and 2018 was $24.2 million and $21.4 million, respectively. Normal repairs and maintenance to property, plant and equipment are expensed as incurred. When property or equipment is retired or sold, the net book value of the asset, reduced by any proceeds, is charged to gain or loss on the disposal of property, plant and equipment and is included in rental, selling and general expenses in the Condensed Consolidated Statements of Operations. Property, plant and equipment at September 30, 2019 and December 31, 2018 consisted of the following: Residual Value as Percentage of Original Cost Estimated Useful Life in Years September 30, 2019 December 2018 (In thousands) Land $ 1,623 $ 1,638 Vehicles and machinery 0 - 55% 5 - 30 163,686 156,195 Buildings and improvements (1) 0 - 25 3 - 30 31,847 27,614 Computer equipment and software 0 3 - 10 75,258 70,903 Furniture and office equipment 0 3 - 10 5,246 6,680 Property, plant and equipment 277,660 263,030 Accumulated depreciation (127,181 ) (108,776 ) Property, plant and equipment, net $ 150,479 $ 154,254 (1) Improvements made to leased properties are depreciated over the lesser of the estimated remaining life or the remaining term of the respective lease.

Goodwill and Intangibles

Goodwill and Intangibles	9 Months Ended
	Sep. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	(11) Goodwill and Intangibles For acquired businesses, we record assets acquired and liabilities assumed at their estimated fair values on the respective acquisition dates. Based on these values, the excess purchase prices over the fair value of the net assets acquired is recorded as goodwill. Of the $705.8 million total goodwill at September 30, 2019, $470.9 million related to the North America Storage Solutions segment, $53.7 million related to the U.K. Storage Solutions segment and $181.2 million related to the Tank & Pump Solutions segment. The following table shows the activity and balances related to goodwill from January 1, 2019 to September 30, 2019 (in thousands): Balance at January 1, 2019 $ 705,217 Acquisition 2,328 Foreign currency (1,776 ) Balance at September 30, 2019 $ 705,769 Intangible assets are amortized over the estimated useful life of the asset utilizing a method which reflects the estimated pattern in which the economic benefits will be consumed. Customer relationships are amortized based on the estimated attrition rates of the underlying customer base. Other intangibles are amortized using the straight-line method. The following table reflects balances related to intangible assets for the periods presented: September 30, 2019 December 31, 2018 Estimated Useful Life in Years Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In thousands) Customer relationships 15 - 20 $ 92,869 $ (42,874 ) $ 49,995 $ 92,751 $ (39,472 ) $ 53,279 Trade names/trademarks 5 - 7 5,200 (3,985 ) 1,215 5,913 (4,014 ) 1,899 Non-compete agreements 5 1,758 (1,660 ) 98 1,886 (1,549 ) 337 Other 20 59 (34 ) 25 59 (32 ) 27 Total $ 99,886 $ (48,553 ) $ 51,333 $ 100,609 $ (45,067 ) $ 55,542 Amortization expense for amortizable intangibles was approximately $4.9 million and $4.8 million for the nine-month periods ended September 30, 2019 and 2018, respectively. Based on the carrying value at September 30, 2019, future amortization of intangible assets is expected to be as follows for the years ended December 31 (in thousands): 2019 (remaining) $ 1,638 2020 5,395 2021 5,126 2022 4,795 2023 4,207 Thereafter 30,172 Total $ 51,333

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	(12) Debt Lines of Credit On March 22, 2019, Mobile Mini and certain of its subsidiaries entered into the New Credit Agreement with Deutsche Bank as administrative agent, and the other lenders party thereto. The New Credit Agreement amended, restated and replaced Mobile Mini’s prior Amended and Restated ABL Credit Agreement dated as of December 14, 2015 (the “Prior Credit Agreement”) with Deutsche Bank, as administrative agent, and the other lenders party thereto. The New Credit Agreement provides for a five year, $1 billion first lien senior secured revolving credit facility, which is for borrowing in U.S. Dollars (the “U.S. Subfacility”), in British Pounds and Euros (the “U.K. Subfacility”), and in Canadian Dollars (the “Canadian Subfacility”). The U.S. Subfacility is subject to, among other things, the terms of a borrowing base calculated as a discount to the value of certain pledged U.S. collateral; the U.K. Subfacility is subject to a similar borrowing base that includes certain pledged U.K. collateral; and the Canadian Subfacility is subject to a similar borrowing base that includes certain pledged Canadian collateral. Under the terms of the New Credit Agreement, certain real property will require an appraisal before the value can be considered in the borrowing base of the respective subfacilities. All three borrowing bases are subject to certain reserves and caps customary for financings of this type. The New Credit Agreement has an accordion feature that permits, under certain conditions, an increase of up to $500 million of additional commitments. If at any time the aggregate amounts outstanding under the subfacilities exceed the respective borrowing base then in effect, a prepayment of an amount sufficient to eliminate such excess is required to be made. Mobile Mini has the right to prepay loans under the New Credit Agreement in whole or in part at any time. All amounts borrowed under the New Credit Agreement must be repaid on or before March 22, 2024. The New Credit Agreement also provides for the issuance of irrevocable standby letters of credit by U.S. lenders in amounts totaling up to $50 million, by U.K.-based lenders in amounts totaling up to $20 million and by Canadian-based lenders in amounts totaling up to $20 million. Loans made under the U.S. Subfacility bear interest at a rate equal to, at Mobile Mini’s option, either (a) the London interbank offered rate (“LIBOR”) plus an applicable margin (“LIBOR Loans”) or (b) the prime rate plus an applicable margin (“Base Rate Loans”). With some exceptions, Mobile Mini may freely convert LIBOR Loans to Base Rate Loans and vice versa. Loans made under the U.K. Subfacility denominated in British Pounds bear interest at a rate equal to LIBOR plus an applicable margin and loans denominated in Euros bear interest at a rate equal to the Euro interbank offered rate (“EURIBOR”) plus an applicable margin. Loans made under the Canadian Subfacility bear interest at a rate equal to, at Mobile Mini’s option, either (i) the Canadian prime rate plus an applicable margin (“Canadian Prime Rate Loans”) or (ii) the Canadian Dollar bankers’ acceptance rate (“B/A Rate”) plus an applicable margin (“Canadian LIBOR Loans”). With some exceptions, Mobile Mini may freely convert Canadian Prime Rate Loans to Canadian LIBOR Loans and vice versa. The applicable margin for each type of loan is based on an availability-based pricing grid and ranges from 1.25% to 1.75% for LIBOR Loans and 0.25% to 0.75% for Base Rate Loans at each measurement date. As of September 30, 2019, the applicable margins are 1.50% for LIBOR Loans and 0.50% for Base Rate Loans. The applicable margins will be readjusted quarterly based upon Mobile Mini’s daily average total borrowing availability. Mobile Mini is also required to pay an unused line fee in respect of the unutilized commitments under the New Credit Agreement at a fee rate of 0.225% per annum, as well as customary letter of credit fees. Ongoing extensions of credit under the New Credit Agreement are subject to customary conditions, including sufficient availability under the respective borrowing base. The New Credit Agreement also contains covenants that require Mobile Mini to, among other things, periodically furnish financial and other information to the various lenders. The New Credit Agreement contains customary negative covenants applicable to Mobile Mini and its subsidiaries, including negative covenants that restrict the ability of such entities to, among other things, (i) allow certain liens to attach to Mobile Mini or subsidiary assets, (ii) repurchase or pay dividends or make certain other restricted payments on capital stock and certain other securities, or prepay certain indebtedness, (iii) incur additional indebtedness or engage in certain other types of financing transactions, and (iv) make acquisitions or other investments. In addition, Mobile Mini must comply with a minimum fixed charge coverage ratio of 1.00 to 1.00 as of the last day of each quarter, upon specified excess availability under the New Credit Agreement falling below the greater of (y) $90 million and (z) 10% of the lesser of the then total revolving loan commitment and aggregate borrowing base. As of September 30, 2019, we were in compliance with the minimum borrowing availability threshold set forth in the New Credit Agreement and therefore, are not subject to any financial maintenance covenants. The U.S. Subfacility is guaranteed by Mobile Mini and certain of its domestic subsidiaries. The U.K. Subfacility and the Canadian Subfacility are guaranteed by Mobile Mini and certain of its domestic and foreign subsidiaries. The U.S. Subfacility is secured by a first priority lien on substantially all assets of Mobile Mini and the guarantors of such subfacility; the U.K. Subfacility is secured by a first priority lien on substantially all of the assets of the borrowers and the guarantors of such subfacility; and the Canadian Subfacility is secured by a first priority lien on substantially all of the borrowers and the guarantors of such subfacility. The New Credit Agreement also includes other covenants, representations, warranties, indemnities, and events of default that are customary for facilities of this type, including events of default relating to a change of control of Mobile Mini. Senior Notes We have outstanding $250.0 million aggregate principal amount of 2024 Notes issued at their face value on May 9, 2016. The 2024 Notes bear interest at a rate of 5.875% per year and mature on July 1, 2024. Interest on the 2024 Notes is payable semiannually in arrears on January 1 and July 1. The 2024 Notes are senior unsecured obligations of the Company and are unconditionally guaranteed on a senior unsecured basis by certain of our existing and future domestic subsidiaries. Obligations Under Finance Leases At September 30, 2019 and December 31, 2018, obligations under finance leases for certain real property and transportation related equipment were $67.6 million and $63.4 million, respectively. See additional information in Note 13. Future Debt Obligations The scheduled maturity for debt obligations for balances outstanding at September 30, 2019 are as follows: Lines of Credit Senior Notes Finance Lease Obligations Total (In thousands) 2019 (remaining) $ — $ — $ 2,986 $ 2,986 2020 — — 12,818 12,818 2021 — — 12,725 12,725 2022 — — 11,676 11,676 2023 — — 10,242 10,242 Thereafter 584,000 250,000 17,201 851,201 Total $ 584,000 $ 250,000 $ 67,648 $ 901,648

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	(13) Leases Real Estate We lease our corporate and administrative offices in Phoenix, Arizona and our U.K. headquarters in Stockton-on-Tees. We also lease field locations throughout the U.S. and the U.K., as well as two in Canada. Many real estate leases include one or more options to renew. The exercise of lease renewal options is generally at our discretion and we assess the initial lease term based on the term that we are reasonably certain to occupy the leased property. None of our real estate leases contain residual value guarantees or purchase options. The majority of our real estate leases are operating leases. Equipment Leases Mobile Mini also engages in leases related to ancillary equipment to support our field operations; such as, forklifts, trucks, service vehicles and automobiles. These leases often include an option to purchase the equipment at the end of the lease and are generally finance leases. In addition, we have leases for certain office equipment. Lease Assets and Liabilities For leases with an initial term greater than twelve months, we recognize a lease asset and liability at commencement date. Lease assets are initially measured at cost, which includes the initial amount of the lease liability, plus any initial direct costs incurred, less lease incentives received. In our Condensed Consolidated Balance Sheet, finance lease assets are included in property, plant and equipment. For operating leases, the liability is initially and subsequently measured as the present value of the unpaid lease payments. For finance lease liabilities, the lease liability is also initially measured as the present value of the unpaid lease payments and is subsequently measured at amortized cost using the effective interest method. Lease Discount Rate – We are required to discount our unpaid fixed lease payments using the interest rate implicit in the lease or, if that rate cannot be readily determined, our incremental borrowing rate. Our finance leases generally have an interest rate implicit in the lease. For operating leases and certain finance leases, we generally cannot determine the interest rate implicit in the lease, in which case we use our incremental borrowing rate as the discount rate for the lease. We estimate our incremental borrowing rate for these leases based on current rates available to us on finance leases, which are collateralized, have a level payments structure and a specified lease term. Lease Term – Our lease terms include the non-cancellable period of the lease plus any additional periods covered by an extension of the lease that we are reasonably certain to exercise. Fixed Payments – Lease payments included in our measurement of the lease liability include the following: fixed payments owed over the lease term, termination penalties if we expect to exercise a termination option, the price to purchase the underlying asset if we are reasonably certain to exercise the purchase option and residual value guarantees if applicable. Maturity of Lease Liabilities The scheduled maturity for lease liabilities for balances outstanding at September 30, 2019 were as follows: Operating Leases Finance Leases (In thousands) 2019 (remaining) $ 6,092 $ 3,430 2020 20,251 14,419 2021 17,324 13,983 2022 15,274 12,610 2023 12,955 10,880 Thereafter 40,794 17,920 Total liabilities 112,690 73,242 Less: interest (15,407 ) (5,594 ) Present value of lease liabilities $ 97,283 $ 67,648 The scheduled maturity for lease payments at December 31, 2018 were as follows: Operating Leases Finance Leases (In thousands) 2019 $ 18,827 $ 12,055 2020 15,510 12,869 2021 13,324 12,434 2022 12,205 11,060 2023 10,402 9,331 Thereafter 33,440 11,029 Total $ 103,708 68,778 Less: interest (5,419 ) Present value of minimum lease payments $ 63,359 Assets recorded under capital lease obligations totaled approximately $90.3 million as of December 31, 2018 and the related accumulated amortization totaled approximately $35.7 million. Lease Expense and Activity Payments due under lease contracts include fixed payments plus, for many of our leases, variable payments. Fixed payments under our leases are recognized on a straight-line basis over the term of the lease, including any periods of free rent. Variable expenses associated with leases are recognized when they are incurred. For our real estate leases, variable payments include such items as allocable property taxes, local sales and business taxes, and common area maintenance charges. Variable payments associated with equipment leases include such items as maintenance services provided by the lessor and local sales and business taxes. We have elected as an accounting policy to not separate lease components and non-lease components. In our Condensed Consolidated Statements of Operations, expenses for our operating leases are recognized within rental, selling and general expenses and amortization of assets held under finance leases is included in depreciation and amortization expense. Our lease activity during the three and nine months ended September 30, 2019 was as follows: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Expense: Finance lease expense: Amortization of finance lease assets $ 3,531 $ 10,254 Interest on obligations under finance leases 424 1,246 Total finance lease expense $ 3,955 $ 11,500 Operating lease expense: Short-term lease expense $ 259 $ 886 Fixed lease expense 5,574 16,487 Variable lease expense 766 2,316 Sublease income (25 ) (77 ) Total operating lease expense $ 6,574 $ 19,612 Cash paid and new or modified lease information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 452 $ 1,271 Operating cash flows from operating leases, fixed payments 5,409 16,215 Financing cash flows from finance leases 3,026 8,167 Net assets obtained in exchange for new or modified finance lease liabilities 6,136 12,455 Net operating lease assets obtained in exchange for new or modified operating lease liabilities 3,368 20,640 Lease Term and Discount Rates Weighted-average remaining lease terms and discount rates as of September 30, 2019 were as follows: Lease terms and discount rates: Weighted-average remaining lease term - finance leases (in years) 4.3 Weighted-average remaining lease term - operating leases (in years) 7.2 Weighted average discount rate - finance leases 2.7 % Weighted average discount rate - operating leases 3.4 %

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	(14) Income Taxes We are subject to taxation in the U.S. federal jurisdiction, as well as various U.S. state and foreign jurisdictions. We have identified our U.S. federal tax return as our “major” tax jurisdiction. As of September 30, 2019, we are no longer subject to examination by U.S. federal tax authorities for years prior to 2015, to examination for any U.S. state taxing authority prior to 2013, or to examination for any foreign jurisdictions prior to 2014. All subsequent periods remain open to examination. Prior to 2019, we asserted that the unremitted earnings of our U.K. subsidiaries were permanently reinvested. In 2019, we withdrew our permanent reinvestment assertion for one of these subsidiary’s 2019 earnings but maintain our assertion in relation to this subsidiary’s historical earnings prior to 2019. Therefore, no deferred tax liability has been recorded on the related historical earnings. The 2019 earnings are not subject to withholding taxes in the U.K. and, due to U.S. tax reform enacted in 2017, are not subject to U.S. federal income taxes when distributed. We may be subject to state income taxes in very limited circumstances and have accordingly accounted for this immaterial impact in the current period. Our effective income tax rate decreased to 26.6% for the nine months ended September 30, 2019, compared to 33.4% for the prior-year period. Our current year rate was affected by non-deductible stock compensation of $3.6 million recorded in the current period, largely offset by a $0.7 million benefit related to a federal tax return true up. See additional information regarding the non-deductible stock compensation in Note 15. The prior-year effective tax was impacted by the $98.3 million asset impairment charge and loss on divestiture. Additionally, in the prior-year period, we recognized a $2.9 million benefit resulting from the reduction of tax expense related to the U.S. federal tax reform enacted in 2017, as well as benefits related to state tax rate changes enacted in the third quarter of 2018. These tax benefits had the effect of increasing the effective tax rate due to the $33.5 million pre-tax loss recognized during the nine-month period. Uncertain tax positions are recognized and measured using a two-step approach. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation process, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate settlement. As of September 30, 2019, the Company had $0.5 million of unrecognized tax benefits all of which would affect the effective tax rate if recognized. A reconciliation of the beginning and ending balance of unrecognized tax benefits is as follows: 2019 (In thousands) Beginning balance $ — Additions based on tax positions related to prior years 493 Ending balance $ 493 All of the unrecognized tax benefits outstanding at September 30, 2019 is expected to reverse within the next twelve months. Our policy for recording interest and penalties associated with audits is to record such items as a component of income before taxes. Penalties and associated interest costs, if any, are recorded in rental, selling and general expenses in our Condensed Consolidated Statements of Operations.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	(15) Share-Based Compensation We have historically awarded stock options and restricted stock awards for employees and non-employee directors as a means of attracting and retaining quality personnel and to align employee performance with stockholder value. Share-based compensation plans are approved by our stockholders and administered by the stock compensation committee of the Company’s Board of Directors (the “Board”). The current plan allows for a variety of equity programs designed to provide flexibility in implementing equity and cash awards, including incentive stock options, nonqualified stock options, restricted stock awards, restricted stock units, stock appreciation rights, performance stock, performance units and other stock-based awards. Participants may be granted any one of the equity awards or any combination. We do not award stock options with an exercise price below the market price of the underlying securities on the date of grant. As of September 30, 2019, 1.2 million shares are available for future grants, assuming performance-based awards vest at their target amount. Generally, stock options have contractual terms of ten years. Service-based awards. We grant share-based compensation awards that vest over time subject to the employee rendering service over the vesting period. The majority of the service–based awards vest in equal annual installments over a period of three to four years. The expense for service-based awards is expensed ratably over the full service period of the grant Performance-based awards . All performance-based awards granted from 2016 through 2019 vest contingently over a three-year period assuming a target number of options or restricted share awards. However, the terms of these awards provide that the number of options or restricted share awards that ultimately vest may vary between 50% and 200% of the target amount or may be zero. The targets were set at the time of grant. For awards granted from 2016 through 2019, performance conditions are related to the Company’s return on capital employed. Expense related to performance-based awards that have multiple vesting dates, is recognized using the accelerated attribution approach, whereby each vesting tranche is treated as a separate award for purposes of determining the implicit service period. The accelerated attribution approach generally results in a higher expense during the earlier years of vesting. Expense related to performance-based awards is recognized based upon anticipated attainment. The following table summarizes the Company’s share-based compensation for the three and nine months ended September 30: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (In thousands) Share-based compensation expense included in: Rental, selling and general expenses $ 2,497 $ 2,230 $ 12,834 $ 7,503 Restructuring expenses — — — 363 Total share-based compensation $ 2,497 $ 2,230 $ 12,834 $ 7,866 During the nine months ended September 30, 2019, Mobile Mini amended the terms of certain share-based compensation agreements with our Chief Executive Officer who retired as an employee of the Company and assumed the position of Chairman of the Board for Mobile Mini as of October 1, 2019. The amended agreements provide that his service period under such agreements will extend to include his status as a Director. In connection with these modifications, we recorded additional share-based compensation during the period of $3.6 million. As of September 30, 2019, total unrecognized compensation cost related to stock option awards, assuming achievement at target, was approximately $0.1 million and the related weighted-average period over which it is expected to be recognized is approximately 0.4 years. As of September 30, 2019, the unrecognized compensation cost related to restricted stock awards assuming achievement at target was approximately $9.2 million, which is expected to be recognized over a weighted-average period of approximately 1.5 years. Stock Options. The fair value of each stock option award is estimated on the date of the grant using the Black-Scholes-Merton option pricing model which requires the input of assumptions. We estimate the risk-free interest rate based on the U.S. Treasury security rate in effect at the time of the grant. The expected life of the options, volatility and dividend rates are estimated based on our historical data. No new stock options were issued in 2019 or 2018. The following table summarizes stock option activity for the nine months ended September 30, 2019: Number of Options Performance- Based Options Service-Based Options Total Options Weighted Average Exercise Price (In thousands) Options outstanding, beginning of period 533 2,421 2,954 $ 32.71 Additional options awarded based upon achievement of specified performance criteria 227 — 227 29.54 Canceled/Expired (19 ) (30 ) (49 ) 39.95 Exercised (45 ) (43 ) (88 ) 26.36 Options outstanding, end of period 696 2,348 3,044 32.54 Unvested target options that vest based upon 2019 performance conditions 107 Due to actual performance exceeding targets, shares granted in 2016 and 2017 that contingently vested based upon 2018 performance criteria vested above target at 200% resulting in additional awards. A summary of stock options outstanding as of September 30, 2019 is as follows: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Terms Aggregate Intrinsic Value (I n (In years) (In thousands) Outstanding 3,044 $ 32.54 4.39 $ 15,621 Exercisable 2,936 32.54 4.27 15,146 The aggregate intrinsic value of options exercised during the nine months ended September 30, 2019 was approximately $0.7 million. Restricted Stock Awards. The fair value of restricted stock awards is estimated as the closing price of our common stock on the date of grant. A summary of restricted stock award activity for the nine months ended September 30, 2019 is as follows: Number of Shares Performance- Based Awards Service-Based Awards Total Awards Weighted Average Grant Date Fair Value (In thousands) Restricted stock awards at beginning of period 94 233 327 $ 35.06 Awarded 113 150 263 36.41 Additional shares awarded based upon achievement of specified performance criteria 31 — 31 36.41 Released (62 ) (113 ) (175 ) 35.24 Forfeited (9 ) (15 ) (24 ) 35.97 Restricted stock awards at end of period 167 255 422 35.99 Unvested target stock awards that vest based upon 2019 performance conditions 65 Unvested target stock awards that vest based upon 2020 performance conditions 65 Unvested target stock awards that vest based upon 2021 performance conditions 37 Due to actual performance exceeding targets, shares granted in 2018 that contingently vested based upon 2018 performance criteria vested above target at 200% resulting in additional share awards. The restricted stock awards that vested during the nine months ended September 30, 2019 had an aggregate grant date fair value of $6.2 million and an aggregate vesting date fair value of $6.3 million.

Restructuring

Restructuring	9 Months Ended
	Sep. 30, 2019
Restructuring And Related Activities [Abstract]
Restructuring	(16) Restructuring We have undergone restructuring actions to align our business operations. There were no restructuring expenses in 2019. Of the $1.3 million of restructuring expenses recognized in the nine months ended September 30, 2018, $0.9 million related to the restructuring of our corporate service center, including the severance of an executive. The remainder primarily related to projects initiated in years prior to 2018 that were not accruable during such periods. The following table details accrued restructuring obligations (included in accrued liabilities in the Condensed Consolidated Balance Sheets) and related activity for the fiscal year ended December 31, 2018 and the nine-month period ended September 30, 2019: Severance Benefits Lease Abandonment Costs Other Costs Total (In thousands) Accrued obligations as of January 1, 2018 $ 539 $ 182 $ 36 $ 757 Restructuring expense 1,338 482 186 2,006 Settlement of obligations (1,473 ) (578 ) (209 ) (2,260 ) Accrued obligations as of December 31, 2018 404 86 13 503 Settlement of obligations (271 ) (86 ) (13 ) (370 ) Accrued obligations as of September 30, 2019 $ 133 $ — $ — $ 133 The following amounts were included in restructuring expenses for the nine months ended September 30, 2018 (in thousands): Severance and benefits $ 948 Lease abandonment costs 125 Other costs 233 Restructuring expenses $ 1,306

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	(17) Commitments and Contingencies We are a party to various claims and litigation in the normal course of business. Our current estimated range of liability related to various claims and pending litigation is based on claims for which our management can determine that it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. Because of the uncertainties related to both the probability of incurred and possible range of loss on pending claims and litigation, management must use considerable judgment in making reasonable determination of the liability that could result from an unfavorable outcome. As additional information becomes available, we will assess the potential liability related to our pending litigation and revise our estimates. Such revisions in our estimates of the potential liability could materially impact our results of operation. We do not anticipate the resolution of such matters known at this time will have a material adverse effect on our business or consolidated financial position.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Stockholders' Equity	(18) Stockholders’ Equity Dividends The Board authorized and declared cash dividends to all of our common stockholders as follows: Declaration Date Payment Date Record Date (close of business) Dividend Amount Per Share of Common Stock January 30, 2019 March 13, 2019 February 27, 2019 $ 0.275 April 18, 2019 May 29, 2019 May 15, 2019 $ 0.275 July 24, 2019 August 28, 2019 August 14, 2019 $ 0.275 Treasury Stock On November 6, 2013, the Board approved a share repurchase program authorizing up to $125.0 million of our outstanding shares of common stock to be repurchased. On April 17, 2015, the Board authorized up to an additional $50.0 million of our outstanding shares of common stock to be repurchased, for a total of $175.0 million under the share repurchase program. The shares may be repurchased from time to time in the open market or in privately negotiated transactions. The share repurchases are subject to prevailing market conditions and other considerations. The share repurchase program does not have an expiration date and may be suspended or terminated at any time by the Board. All shares repurchased are held in treasury. During the nine months ended September 30, 2019, we purchased approximately 902,000 shares of our common stock under the authorized share repurchase program at an average price of $31.53 and a cumulative total of approximately $28.4 million. Approximately $42.4 million is available for repurchase as of September 30, 2019. We withheld approximately 31,000 shares of stock from employees, for an approximate value of $1.1 million, upon vesting of share awards to satisfy tax withholding obligations during the nine months ended September 30, 2019.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Reporting	(19) Segment Reporting Our operations are comprised of three reportable segments: North American Storage Solutions, U.K. Storage Solutions and Tank & Pump Solutions. Discrete financial data on each of our products is not available and it would be impractical to collect and maintain financial data in such a manner. The results for each segment are reviewed discretely by our chief operating decision maker. We operate in the U.S., the U.K. and Canada. All of our locations operate in their local currency. Although we are exposed to foreign exchange rate fluctuation in foreign markets where we rent and sell our products, we do not believe such exposure will have a significant impact on our results of operations. Revenues recognized by our U.S. locations were $132.0 million and $125.8 million for the three months ended September 30, 2019 and 2018, respectively, and were $388.4 million and $362.0 million for the nine months ended September 30, 2019 and 2018, respectively. The following tables set forth certain information regarding each of the Company’s segments for the three-month periods indicated: For the Three Months Ended September 30, 2019 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Revenues: Rental $ 98,034 $ 18,786 $ 116,820 $ 28,699 $ 145,519 Sales 4,725 1,714 6,439 1,448 7,887 Other 76 (1 ) 75 36 111 Total revenues 102,835 20,499 123,334 30,183 153,517 Costs and expenses: Rental, selling and general expenses 59,962 12,391 72,353 19,046 91,399 Cost of sales 2,672 1,376 4,048 790 4,838 Depreciation and amortization 8,863 1,713 10,576 6,914 17,490 Total costs and expenses 71,497 15,480 86,977 26,750 113,727 Income from operations $ 31,338 $ 5,019 $ 36,357 $ 3,433 $ 39,790 Interest expense, net of interest income $ 7,588 $ 114 $ 7,702 $ 2,679 $ 10,381 Income tax provision 5,739 938 6,677 144 6,821 Capital expenditures for additions to rental fleet, excluding acquisitions 11,107 1,546 12,653 2,197 14,850 For the Three Months Ended September 30, 2018 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Revenues: Rental $ 92,241 $ 20,398 $ 112,639 $ 28,285 $ 140,924 Sales 5,103 2,593 7,696 1,020 8,716 Other — 40 40 27 67 Total revenues 97,344 23,031 120,375 29,332 149,707 Costs and expenses: Rental, selling and general expenses 57,662 13,459 71,121 19,643 90,764 Cost of sales 3,178 2,048 5,226 544 5,770 Asset impairment charge and loss on divestiture, net 87,658 8,434 96,092 2,186 98,278 Depreciation and amortization 7,892 1,866 9,758 6,433 16,191 Total costs and expenses 156,390 25,807 182,197 28,806 211,003 (Loss) income from operations $ (59,046 ) $ (2,776 ) $ (61,822 ) $ 526 $ (61,296 ) Interest expense, net of interest income $ 7,589 $ 200 $ 7,789 $ 2,698 $ 10,487 Income tax benefit (16,699 ) (454 ) (17,153 ) (2,441 ) (19,594 ) Capital expenditures for additions to rental fleet, excluding acquisitions 18,290 1,243 19,533 7,611 27,144 The following tables set forth certain information regarding each of the Company’s segments for the nine-month periods indicated: For the Nine Months Ended September 30, 2019 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Revenues: Rental $ 283,006 $ 56,924 $ 339,930 $ 89,667 $ 429,597 Sales 13,532 5,455 18,987 4,258 23,245 Other 363 — 363 154 517 Total revenues 296,901 62,379 359,280 94,079 453,359 Costs and expenses: Rental, selling and general expenses 180,855 39,181 220,036 59,332 279,368 Cost of sales 7,863 4,271 12,134 2,350 14,484 Depreciation and amortization 26,974 5,263 32,237 20,723 52,960 Total costs and expenses 215,692 48,715 264,407 82,405 346,812 Income from operations $ 81,209 $ 13,664 $ 94,873 $ 11,674 $ 106,547 Interest expense, net of interest income $ 23,300 $ 376 $ 23,676 $ 8,057 $ 31,733 Income tax provision 16,262 2,530 18,792 1,002 19,794 Capital expenditures for additions to rental fleet, excluding acquisitions 39,114 3,657 42,771 18,476 61,247 For the Nine Months Ended September 30, 2018 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Revenues: Rental $ 264,227 $ 61,066 $ 325,293 $ 80,856 $ 406,149 Sales 15,211 6,574 21,785 3,915 25,700 Other 238 161 399 112 511 Total revenues 279,676 67,801 347,477 84,883 432,360 Costs and expenses: Rental, selling and general expenses 171,182 41,066 212,248 56,785 269,033 Cost of sales 9,401 5,294 14,695 2,230 16,925 Restructuring expenses 1,306 — 1,306 — 1,306 Asset impairment charge and loss on divestiture, net 87,658 8,434 96,092 2,186 98,278 Depreciation and amortization 25,349 6,049 31,398 18,808 50,206 Total costs and expenses 294,896 60,843 355,739 80,009 435,748 (Loss) income from operations $ (15,220 ) $ 6,958 $ (8,262 ) $ 4,874 $ (3,388 ) Interest expense, net of interest income $ 21,443 $ 631 $ 22,074 $ 8,099 $ 30,173 Income tax (benefit) provision (8,876 ) 1,269 (7,607 ) (3,575 ) (11,182 ) Capital expenditures for additions to rental fleet, excluding acquisitions 39,400 5,805 45,205 20,415 65,620 Assets related to the Company’s reportable segments include the following: Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) As of September 30, 2019: Goodwill $ 470,861 $ 53,692 $ 524,553 $ 181,216 $ 705,769 Intangibles, net 1,234 261 1,495 49,838 51,333 Rental fleet, net 683,992 135,429 819,421 133,910 953,331 As of December 31, 2018: Goodwill $ 468,400 $ 55,601 $ 524,001 $ 181,216 $ 705,217 Intangibles, net 859 341 1,200 54,342 55,542 Rental fleet, net 657,459 140,636 798,095 130,995 929,090 Included in the table above are assets in the U.S. of $1.5 billion as of both September 30, 2019 and December 31, 2018.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	(20) Subsequent Events Declaration of Quarterly Dividend On October 29, 2019, the Company’s Board authorized and declared a quarterly dividend to all of our common stockholders of $0.275 per share of common stock, payable on November 27, 2019, to all stockholders of record as of the close of business on November 13, 2019.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	9 Months Ended
	Sep. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Financial Information	(21) Condensed Consolidating Financial Information The following tables reflect the condensed consolidating financial information of the Company’s subsidiary guarantors of the Senior Notes and its non-guarantor subsidiaries. Separate financial statements of the subsidiary guarantors are not presented because the guarantee by each 100% owned subsidiary guarantor is full and unconditional, joint and several, subject to customary exceptions, and management has determined that such information is not material to investors. MOBILE MINI, INC. CONDENSED CONSOLIDATING BALANCE SHEETS As of September 30, 2019 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated ASSETS Cash and cash equivalents $ 4,897 $ 2,398 $ — $ 7,295 Receivables, net 92,338 14,509 — 106,847 Inventories 7,925 1,910 — 9,835 Rental fleet, net 810,423 142,908 — 953,331 Property, plant and equipment, net 127,187 23,292 — 150,479 Operating lease assets 73,179 22,310 — 95,489 Other assets 11,030 1,779 — 12,809 Intangibles, net 51,063 270 — 51,333 Goodwill 647,456 58,313 — 705,769 Intercompany receivables 145,942 31,982 (177,924 ) — Total assets $ 1,971,440 $ 299,671 $ (177,924 ) $ 2,093,187 LIABILITIES AND STOCKHOLDERS' Liabilities: Accounts payable $ 23,182 $ 6,985 $ — $ 30,167 Accrued liabilities 66,051 8,280 — 74,331 Operating lease liabilities 75,691 21,592 — 97,283 Lines of credit 584,000 — — 584,000 Obligations under finance leases 67,567 81 — 67,648 Senior notes, net 246,967 — — 246,967 Deferred income taxes 167,779 18,337 — 186,116 Intercompany payables 29,703 222 (29,925 ) — Total liabilities 1,260,940 55,497 (29,925 ) 1,286,512 Commitments and contingencies Stockholders' equity: Common stock 503 — — 503 Additional paid-in capital 634,994 147,999 (147,999 ) 634,994 Retained earnings 252,409 175,989 — 428,398 Accumulated other comprehensive loss — (79,814 ) — (79,814 ) Treasury stock, at cost (177,406 ) — — (177,406 ) Total stockholders' equity 710,500 244,174 (147,999 ) 806,675 Total liabilities and stockholders' equity $ 1,971,440 $ 299,671 $ (177,924 ) $ 2,093,187 MOBILE MINI, INC. CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2018 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated ASSETS Cash and cash equivalents $ 1,483 $ 4,122 $ — $ 5,605 Receivables, net 114,702 15,531 — 130,233 Inventories 9,811 1,914 — 11,725 Rental fleet, net 781,588 147,502 — 929,090 Property, plant and equipment, net 130,351 23,903 — 154,254 Other assets 11,341 2,057 — 13,398 Intangibles, net 55,189 353 — 55,542 Goodwill 645,126 60,091 — 705,217 Intercompany receivables 148,811 34,449 (183,260 ) — Total assets $ 1,898,402 $ 289,922 $ (183,260 ) $ 2,005,064 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Accounts payable $ 27,271 $ 5,906 $ — $ 33,177 Accrued liabilities 79,537 8,599 — 88,136 Lines of credit 589,310 4,185 — 593,495 Obligations under finance leases 63,253 106 — 63,359 Senior notes, net 246,489 — — 246,489 Deferred income taxes 151,758 18,381 — 170,139 Intercompany payables 29,586 5,675 (35,261 ) — Total liabilities 1,187,204 42,852 (35,261 ) 1,194,795 Commitments and contingencies Stockholders' equity: Common stock 500 — — 500 Additional paid-in capital 619,850 147,999 (147,999 ) 619,850 Retained earnings 238,709 171,932 — 410,641 Accumulated other comprehensive loss — (72,861 ) — (72,861 ) Treasury stock, at cost (147,861 ) — — (147,861 ) Total stockholders' equity 711,198 247,070 (147,999 ) 810,269 Total liabilities and stockholders' equity $ 1,898,402 $ 289,922 $ (183,260 ) $ 2,005,064 MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF INCOME Three months ended September 30, 2019 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Revenues: Rental $ 125,807 $ 19,712 $ — $ 145,519 Sales 6,108 1,779 — 7,887 Other 111 — — 111 Total revenues 132,026 21,491 — 153,517 Costs and expenses: Rental, selling and general expenses 78,313 13,086 — 91,399 Cost of sales 3,422 1,416 — 4,838 Depreciation and amortization 15,700 1,790 — 17,490 Total costs and expenses 97,435 16,292 — 113,727 Income from operations 34,591 5,199 — 39,790 Other income (expense): Interest income 12 — — 12 Interest expense (10,278 ) (115 ) — (10,393 ) Dividend income 4,963 — (4,963 ) — Foreign currency exchange (42 ) 29 — (13 ) Income before income tax provision 29,246 5,113 (4,963 ) 29,396 Income tax provision 5,837 984 — 6,821 Net income $ 23,409 $ 4,129 $ (4,963 ) $ 22,575 MOBILE MINI, INC CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Three months ended September 30, 2019 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Net income $ 23,409 $ 4,129 $ (4,963 ) $ 22,575 Foreign currency translation adjustment — (6,822 ) — (6,822 ) Comprehensive income (loss) $ 23,409 $ (2,693 ) $ (4,963 ) $ 15,753 MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three months ended September 30, 2018 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Revenues: Rental $ 119,697 $ 21,227 $ — $ 140,924 Sales 6,063 2,653 — 8,716 Other 25 42 — 67 Total revenues 125,785 23,922 — 149,707 Costs and expenses: Rental, selling and general expenses 76,522 14,242 — 90,764 Cost of sales 3,681 2,089 — 5,770 Asset impairment charge and loss on divestiture, net 88,822 9,456 — 98,278 Depreciation and amortization 14,241 1,950 — 16,191 Total costs and expenses 183,266 27,737 — 211,003 Loss from operations (57,481 ) (3,815 ) — (61,296 ) Other income (expense): Interest expense (10,287 ) (200 ) — (10,487 ) Foreign currency exchange — 24 — 24 Loss before income tax benefit (67,768 ) (3,991 ) — (71,759 ) Income tax benefit (18,864 ) (730 ) — (19,594 ) Net loss $ (48,904 ) $ (3,261 ) $ — $ (52,165 ) MOBILE MINI, INC CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE LOSS Three months ended September 30, 2018 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Net loss $ (48,904 ) $ (3,261 ) $ — $ (52,165 ) Foreign currency translation adjustment — (2,696 ) — (2,696 ) Comprehensive loss $ (48,904 ) $ (5,957 ) $ — $ (54,861 ) MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF INCOME Nine months ended September 30, 2019 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Revenues: Rental $ 370,257 $ 59,340 $ — $ 429,597 Sales 17,623 5,622 — 23,245 Other 516 1 — 517 Total revenues 388,396 64,963 — 453,359 Costs and expenses: Rental, selling and general expenses 238,213 41,155 — 279,368 Cost of sales 10,109 4,375 — 14,484 Depreciation and amortization 47,456 5,504 — 52,960 Total costs and expenses 295,778 51,034 — 346,812 Income from operations 92,618 13,929 — 106,547 Other income (expense): Interest income 12 — — 12 Dividend income 4,963 — (4,963 ) — Interest expense (31,369 ) (376 ) — (31,745 ) Deferred financing costs write-off (123 ) — — (123 ) Foreign currency exchange (192 ) 13 — (179 ) Income before income tax provision 65,909 13,566 (4,963 ) 74,512 Income tax provision 17,194 2,600 — 19,794 Net income $ 48,715 $ 10,966 $ (4,963 ) $ 54,718 MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Nine months ended September 30, 2019 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Net income $ 48,715 $ 10,966 $ (4,963 ) $ 54,718 Foreign currency translation adjustment — (6,953 ) — (6,953 ) Comprehensive income $ 48,715 $ 4,013 $ (4,963 ) $ 47,765 MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Nine months ended September 30, 2018 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Revenues: Rental $ 342,783 $ 63,366 $ — $ 406,149 Sales 18,864 6,836 — 25,700 Other 342 169 — 511 Total revenues 361,989 70,371 — 432,360 Costs and expenses: Rental, selling and general expenses 225,844 43,189 — 269,033 Cost of sales 11,448 5,477 — 16,925 Restructuring expenses 1,306 — — 1,306 Asset impairment charge and loss on divestiture, net 88,822 9,456 — 98,278 Depreciation and amortization 43,902 6,304 — 50,206 Total costs and expenses 371,322 64,426 — 435,748 (Loss) income from operations (9,333 ) 5,945 — (3,388 ) Other income (expense): Interest income 3 3 — 6 Dividend income 8,983 — (8,983 ) — Interest expense (29,545 ) (634 ) — (30,179 ) Foreign currency exchange 48 21 — 69 (Loss) income before income tax provision (29,844 ) 5,335 (8,983 ) (33,492 ) Income tax (benefit) provision (12,152 ) 970 — (11,182 ) Net (loss) income $ (17,692 ) $ 4,365 $ (8,983 ) $ (22,310 ) MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE LOSS Nine months ended September 30, 2018 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Net (loss) income $ (17,692 ) $ 4,365 $ (8,983 ) $ (22,310 ) Foreign currency translation adjustment — (7,053 ) — (7,053 ) Comprehensive loss $ (17,692 ) $ (2,688 ) $ (8,983 ) $ (29,363 ) MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine months ended September 30, 2019 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Cash flows from operating activities: Net income $ 48,715 $ 10,966 $ (4,963 ) $ 54,718 Adjustments to reconcile net income to net cash provided by operating activities: Deferred financing costs write-off 123 — — 123 Provision for doubtful accounts 3,881 354 — 4,235 Amortization of deferred financing costs 1,383 — — 1,383 Amortization of long-term liabilities 13 — — 13 Share-based compensation expense 12,616 218 — 12,834 Depreciation and amortization 47,456 5,504 — 52,960 Gain on sale of rental fleet units (4,026 ) (584 ) — (4,610 ) Loss on disposal of property, plant and equipment 18 28 — 46 Deferred income taxes 15,340 515 — 15,855 Foreign currency exchange 192 (13 ) — 179 Changes in certain assets and liabilities, net of effect of businesses acquired: Receivables 18,519 216 — 18,735 Inventories 1,886 (64 ) — 1,822 Other assets 2,075 (726 ) — 1,349 Accounts payable 771 1,898 — 2,669 Accrued liabilities (10,421 ) 9 — (10,412 ) Intercompany 5,748 (5,748 ) — — Net cash provided by operating activities 144,289 12,573 (4,963 ) 151,899 Cash flows from investing activities: Cash paid for business acquired, net of cash acquired (4,878 ) — — (4,878 ) Additions to rental fleet, excluding acquisitions (57,430 ) (3,817 ) — (61,247 ) Proceeds from sale of rental fleet 8,654 2,128 — 10,782 Additions to property, plant and equipment, excluding acquisitions (6,586 ) (3,331 ) — (9,917 ) Proceeds from sale of property, plant and equipment 401 47 — 448 Net cash used in investing activities (59,839 ) (4,973 ) — (64,812 ) Cash flows from financing activities: Net repayments under lines of credit (5,309 ) (4,185 ) — (9,494 ) Deferred financing costs (3,491 ) — — (3,491 ) Principal payments on finance lease obligations (8,141 ) (26 ) — (8,167 ) Issuance of common stock 2,314 — — 2,314 Dividend payments (36,864 ) — — (36,864 ) Purchase of treasury stock (29,545 ) — — (29,545 ) Intercompany — (4,963 ) 4,963 — Net cash used in financing activities (81,036 ) (9,174 ) 4,963 (85,247 ) Effect of exchange rate changes on cash — (150 ) — (150 ) Net increase (decrease) in cash 3,414 (1,724 ) — 1,690 Cash and cash equivalents at beginning of period 1,483 4,122 — 5,605 Cash and cash equivalents at end of period $ 4,897 $ 2,398 $ — $ 7,295 MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine months ended September 30, 2018 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Cash flows from operating activities: Net (loss) income $ (17,692 ) $ 4,365 $ (8,983 ) $ (22,310 ) Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: Asset impairment charge and loss on divestiture, net 88,822 9,456 — 98,278 Provision for doubtful accounts 1,884 96 — 1,980 Amortization of deferred financing costs 1,545 — — 1,545 Amortization of long-term liabilities 109 — — 109 Share-based compensation expense 7,704 162 — 7,866 Depreciation and amortization 43,902 6,304 — 50,206 Gain on sale of rental fleet units (3,949 ) (574 ) — (4,523 ) Loss on disposal of property, plant and equipment 525 23 — 548 Deferred income taxes (12,152 ) (739 ) — (12,891 ) Foreign currency exchange (48 ) (21 ) — (69 ) Changes in certain assets and liabilities, net of effect of businesses acquired: Receivables (10,533 ) 1,504 — (9,029 ) Inventories (605 ) (317 ) — (922 ) Other assets 2,233 (358 ) — 1,875 Accounts payable 2,482 735 — 3,217 Accrued liabilities (1,898 ) 2,238 — 340 Intercompany 26,039 (26,039 ) — — Net cash provided by (used in) operating activities 128,368 (3,165 ) (8,983 ) 116,220 Cash flows from investing activities: Proceeds from sale of assets held for sale 3,416 92 3,508 Additions to rental fleet, excluding acquisitions (59,506 ) (6,114 ) — (65,620 ) Proceeds from sale of rental fleet 8,885 2,562 — 11,447 Additions to property, plant and equipment, excluding acquisitions (8,923 ) (5,712 ) — (14,635 ) Proceeds from sale of property, plant and equipment 585 18 — 603 Net cash used in investing activities (55,543 ) (9,154 ) — (64,697 ) Cash flows from financing activities: Net (repayments) borrowings under lines of credit (34,814 ) 10,752 — (24,062 ) Principal payments on finance lease obligations (6,656 ) (27 ) — (6,683 ) Issuance of common stock 3,617 — — 3,617 Dividend payments (33,312 ) — — (33,312 ) Purchase of treasury stock (668 ) — — (668 ) Intercompany — (8,983 ) 8,983 — Net cash (used in) provided by financing activities (71,833 ) 1,742 8,983 (61,108 ) Effect of exchange rate changes on cash — 1,069 — 1,069 Net increase (decrease) in cash 992 (9,508 ) — (8,516 ) Cash and cash equivalents at beginning of period 803 12,648 — 13,451 Cash and cash equivalents at end of period $ 1,795 $ 3,140 $ — $ 4,935

Mobile Mini, Inc. - Organizat_2

Mobile Mini, Inc. - Organization and Description of Business (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The consolidated financial statements include the accounts of Mobile Mini and our wholly owned subsidiaries. We do not have any subsidiaries in which we do not own 100% of the outstanding stock. All significant intercompany balances and transactions have been eliminated. The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) applicable to interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. In the opinion of management of Mobile Mini, all adjustments (which include normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows for all periods presented have been made. The results of operations for the nine months ended September 30, 2019 and 2018, respectively, are not necessarily indicative of the results to be expected for the full year. These condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and accompanying notes thereto included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2018 filed with the Securities and Exchange Commission (“SEC”) on February 5, 2019.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying condensed consolidated financial statements and the notes to those statements. Actual results could differ from those estimates. Significant estimates affect the calculation of depreciation and amortization, the calculation of the allowance for doubtful accounts, the analysis of goodwill and long-lived assets for potential impairment and certain accrued liabilities.
Fair Value Measurements	Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value is a market-based measurement determined by assumptions that market participants would use in pricing an asset or liability. We categorize each of our fair value measurements in one of the following three levels based on the lowest level of input that is significant to the fair value measurement:  Level 1 — Observable inputs such as quoted prices in active markets for identical assets or liabilities; Level 2 — Observable inputs, other than Level 1 inputs in active markets, that are observable either directly or indirectly; and Level 3 — Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions.
Earnings (Loss) Per Share	Basic earnings per share (“EPS”) is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Restricted stock awards are subject to the risk of forfeiture and are not included in the calculation of basic weighted average number of common shares outstanding until vested. Diluted EPS is calculated under the treasury stock method. Potential common shares include restricted common stock and incremental shares of common stock issuable upon the exercise of stock options.
Property, Plant and Equipment	Property, plant and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation is recorded using the straight-line method over the assets’ estimated useful lives. Our depreciation expense related to property, plant and equipment for the nine months ended September 30, 2019 and 2018 was $24.2 million and $21.4 million, respectively. Normal repairs and maintenance to property, plant and equipment are expensed as incurred. When property or equipment is retired or sold, the net book value of the asset, reduced by any proceeds, is charged to gain or loss on the disposal of property, plant and equipment and is included in rental, selling and general expenses in the Condensed Consolidated Statements of Operations.
Segment Reporting, Policy	Our operations are comprised of three reportable segments: North American Storage Solutions, U.K. Storage Solutions and Tank & Pump Solutions. Discrete financial data on each of our products is not available and it would be impractical to collect and maintain financial data in such a manner. The results for each segment are reviewed discretely by our chief operating decision maker. We operate in the U.S., the U.K. and Canada. All of our locations operate in their local currency. Although we are exposed to foreign exchange rate fluctuation in foreign markets where we rent and sell our products, we do not believe such exposure will have a significant impact on our results of operations. Revenues recognized by our U.S. locations were $132.0 million and $125.8 million for the three months ended September 30, 2019 and 2018, respectively, and were $388.4 million and $362.0 million for the nine months ended September 30, 2019 and 2018, respectively.
Impact of Recently Issued Accounting Standards	Impact of Recently Issued Accounting Standards Intangibles – Goodwill and Other – Internal-Use Software . In August 2018, the Financial Accounting Standards Board (the “FASB”) issued a standard that provides guidance on accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software, and hosting arrangements that include an internal-use software license. This guidance also requires entities to present the expense related to the capitalized implementation costs in the same line item in the statement of income as the fees associated with the hosting element (service) of the arrangement and classify payments for capitalized implementation costs in the statement of cash flows in the same manner as payments made for fees associated with the hosting element. The entity is also required to present the capitalized implementation costs in the statement of financial position in the same line item that a prepayment for the fees of the associated hosting arrangement would be presented. This standard is effective for annual and interim periods beginning after December 15, 2019. We will adopt this standard on January 1, 2020 and do not expect the adoption of this standard to have a material effect on our consolidated financial statements. Intangibles – Goodwill and Other. In January 2017, the FASB issued a standard requiring an entity to no longer perform a hypothetical purchase price allocation to measure goodwill impairment. Instead, impairment will be measured using the difference between the carrying amount and the fair value of the reporting unit. This standard is effective for annual and interim periods beginning after December 15, 2019. Entities may early adopt the guidance. We will adopt this standard on January 1, 2020 and do not expect the adoption of this standard to have a material effect on our consolidated financial statements. Leases . In February 2016, the FASB issued a standard on lease accounting requiring a lessee to recognize assets and liabilities on the balance sheet for leases with lease terms greater than 12 months. This standard is effective for annual and interim periods beginning after December 15, 2018. We adopted this standard effective January 1, 2019, utilizing a modified retrospective transition approach. We chose to use the effective date as our date of initial application. Consequently, financial information was not updated, and the disclosures required under the new standard were not provided for dates and periods before January 1, 2019. The standard includes optional transition practical expedients intended to simplify its adoption. We elected to adopt the package of practical expedients, which allowed us to retain the historical lease classification determined under legacy GAAP as well as a relief from reviewing expired or existing contracts to determine if they contain leases. Upon adoption, we recognized operating lease liabilities totaling approximately $91 million, with corresponding right of use assets. The liabilities were calculated as the present value of the remaining minimum rental payments for existing operating leases. When we enter contractual arrangements as lessor, we expect the period of each rental to be less than one year. As such, the accounting for contracts in which we are the lessor is not affected. This standard did not materially impact our consolidated net earnings and had no impact on cash flows. See Note 13 for additional information.
Rental Fleet, Policy	Rental fleet is capitalized at cost and depreciated over the estimated useful life of the unit using the straight-line method. Rental fleet is depreciated whether or not it is out on rent. Capitalized cost of rental fleet includes the price paid to acquire the unit and freight charges to the location when the unit is first placed in service, and when applicable, the cost of manufacturing or remanufacturing, which includes the cost of customizing units. Ordinary repair and maintenance costs are charged to operations as incurred.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Gross Carrying and Fair Value of Senior Notes	The Senior Notes are presented on the balance sheet net of deferred financing costs. The gross carrying value and the fair value of our Senior Notes are as follows: September 30, 2019 December 31, 2018 (In thousands) Carrying value $ 250,000 $ 250,000 Fair value 258,750 247,028

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue From Contract With Customer [Abstract]
Schedule of Disaggregated Rental Revenue	In the following table, rental revenue is disaggregated by the nature of the underlying service provided and for the periods indicated. The table also includes a reconciliation of the disaggregated rental revenue to our reportable segments. For the Three Months Ended September 30, 2019 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Direct rental revenue $ 72,146 $ 12,952 $ 85,098 $ 19,520 $ 104,618 Delivery, pickup and similar revenue 22,985 4,654 27,639 8,357 35,996 Ancillary rental revenue 2,903 1,180 4,083 822 4,905 Total rental revenues $ 98,034 $ 18,786 $ 116,820 $ 28,699 $ 145,519 For the Three Months Ended September 30, 2018 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Direct rental revenue $ 68,073 $ 14,068 $ 82,141 $ 19,461 $ 101,602 Delivery, pickup and similar revenue 21,671 5,118 26,789 8,329 35,118 Ancillary rental revenue 2,497 1,212 3,709 495 4,204 Total rental revenues $ 92,241 $ 20,398 $ 112,639 $ 28,285 $ 140,924 For the Nine Months Ended September 30, 2019 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Direct rental revenue $ 208,647 $ 39,525 $ 248,172 $ 60,902 $ 309,074 Delivery, pickup and similar revenue 65,135 13,702 78,837 26,431 105,268 Ancillary rental revenue 9,224 3,697 12,921 2,334 15,255 Total rental revenues $ 283,006 $ 56,924 $ 339,930 $ 89,667 $ 429,597 For the Nine Months Ended September 30, 2018 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Direct rental revenue $ 196,029 $ 42,684 $ 238,713 $ 57,301 $ 296,014 Delivery, pickup and similar revenue 59,893 14,822 74,715 21,970 96,685 Ancillary rental revenue 8,305 3,560 11,865 1,585 13,450 Total rental revenues $ 264,227 $ 61,066 $ 325,293 $ 80,856 $ 406,149

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Reconciliation of Net Income and Weighted-Average Shares of Common Stock Outstanding for Purposes of Calculating Basic and Diluted Earnings Per Share	The following table is a reconciliation of net income and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted EPS: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (In thousands, except per share data) Numerator: Net income (loss) $ 22,575 $ (52,165 ) $ 54,718 $ (22,310 ) Denominator: Weighted average shares outstanding - basic 44,072 44,323 44,337 44,275 Dilutive effect of share-based awards 244 — 309 — Weighted average shares outstanding - diluted 44,316 44,323 44,646 44,275 Earnings (loss) per share: Basic $ 0.51 $ (1.18 ) $ 1.23 $ (0.50 ) Diluted 0.51 (1.18 ) 1.23 (0.50 )
Effect of Stock Options and Restricted Share Awards that were Issued or Outstanding but were Excluded in Calculating Diluted Earnings Per Share Because their Effect would have been Anti-Dilutive	In addition, the following table represents the effect of stock options and restricted share awards that were issued or outstanding but excluded in calculating diluted EPS because their effect would have been anti-dilutive for the period indicated, or the underlying performance criteria had not yet been met: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (In thousands) Stock options 1,529 691 1,525 724 Restricted share awards 1 42 1 27 Total 1,530 733 1,526 751

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Schedule of Components of Purchase Price and Net Assets Acquired	The components of the purchase price and net assets acquired during the nine months ended September 30, 2019 are as follows (in thousands ): Net Assets Acquired Rental fleet $ 2,599 Intangible assets: Customer relationships 628 Non-compete agreements 25 Goodwill 2,328 Other assets 37 Liabilities (739 ) Total purchase price $ 4,878

Asset Impairment Charge and L_2

Asset Impairment Charge and Loss on Divestiture, Net of Proceeds (Tables)	9 Months Ended
	Sep. 30, 2019
Assets Held For Sale Not Part Of Disposal Group [Abstract]
Schedule of Disposal of Assets	The loss for the twelve months ended December 31, 2018 related to this activity is set forth below: Net Book Value Units (In thousands) North America Storage Solutions Fleet: Steel storage containers $ 57,579 20,072 Steel ground level offices 30,806 3,543 Other 363 286 United Kingdom Storage Solutions Fleet 8,152 1,525 Tank & Pump Solutions Fleet 1,654 622 Other 12,875 n/a Total 111,429 26,048 Proceeds, net of disposal costs (9,289 ) Net loss on impairment and divestiture $ 102,140

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories at September 30, 2019 and December 31, 2018 consisted of the following: September 30, 2019 December 31, 2018 (In thousands) Raw materials and supplies $ 7,427 $ 8,078 Finished units 2,408 3,647 Inventories $ 9,835 $ 11,725

Rental Fleet (Tables)

Rental Fleet (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Rental Fleet	Rental fleet consisted of the following at September 30, 2019 and December 31, 2018: Residual as Percentage of Original Cost (1) Estimated Useful Life in Years September 30, 2019 December 2018 (In thousands) Storage Solutions: Steel storage containers 55% 30 $ 618,325 $ 601,127 Steel ground level offices 55 30 355,897 341,385 Other 6,219 7,249 Total 980,441 949,761 Accumulated depreciation (161,020 ) (151,666 ) Total Storage Solutions fleet, net $ 819,421 $ 798,095 Tank & Pump Solutions: Steel tanks 25 $ 81,338 $ 72,770 Roll-off boxes 15 - 20 35,692 34,205 Stainless steel tank trailers 25 29,127 28,764 Vacuum boxes 20 16,794 17,005 Dewatering boxes 20 9,469 8,429 Pumps and filtration equipment 7 13,997 13,984 Other 9,611 8,475 Total 196,028 183,632 Accumulated depreciation (62,118 ) (52,637 ) Total Tank & Pump Solutions fleet, net $ 133,910 $ 130,995 Total rental fleet, net $ 953,331 $ 929,090 (1) Tank & Pump Solutions fleet has been assigned zero residual value.

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2019
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment at September 30, 2019 and December 31, 2018 consisted of the following: Residual Value as Percentage of Original Cost Estimated Useful Life in Years September 30, 2019 December 2018 (In thousands) Land $ 1,623 $ 1,638 Vehicles and machinery 0 - 55% 5 - 30 163,686 156,195 Buildings and improvements (1) 0 - 25 3 - 30 31,847 27,614 Computer equipment and software 0 3 - 10 75,258 70,903 Furniture and office equipment 0 3 - 10 5,246 6,680 Property, plant and equipment 277,660 263,030 Accumulated depreciation (127,181 ) (108,776 ) Property, plant and equipment, net $ 150,479 $ 154,254 (1) Improvements made to leased properties are depreciated over the lesser of the estimated remaining life or the remaining term of the respective lease.

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Activity and Balances Relating to Goodwill	The following table shows the activity and balances related to goodwill from January 1, 2019 to September 30, 2019 (in thousands): Balance at January 1, 2019 $ 705,217 Acquisition 2,328 Foreign currency (1,776 ) Balance at September 30, 2019 $ 705,769
Balances Related to Intangible Assets	The following table reflects balances related to intangible assets for the periods presented: September 30, 2019 December 31, 2018 Estimated Useful Life in Years Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In thousands) Customer relationships 15 - 20 $ 92,869 $ (42,874 ) $ 49,995 $ 92,751 $ (39,472 ) $ 53,279 Trade names/trademarks 5 - 7 5,200 (3,985 ) 1,215 5,913 (4,014 ) 1,899 Non-compete agreements 5 1,758 (1,660 ) 98 1,886 (1,549 ) 337 Other 20 59 (34 ) 25 59 (32 ) 27 Total $ 99,886 $ (48,553 ) $ 51,333 $ 100,609 $ (45,067 ) $ 55,542
Schedule of Expected Future Amortization of Intangible Assets	Based on the carrying value at September 30, 2019, future amortization of intangible assets is expected to be as follows for the years ended December 31 (in thousands): 2019 (remaining) $ 1,638 2020 5,395 2021 5,126 2022 4,795 2023 4,207 Thereafter 30,172 Total $ 51,333

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Scheduled Maturity for Debt Obligations	The scheduled maturity for debt obligations for balances outstanding at September 30, 2019 are as follows: Lines of Credit Senior Notes Finance Lease Obligations Total (In thousands) 2019 (remaining) $ — $ — $ 2,986 $ 2,986 2020 — — 12,818 12,818 2021 — — 12,725 12,725 2022 — — 11,676 11,676 2023 — — 10,242 10,242 Thereafter 584,000 250,000 17,201 851,201 Total $ 584,000 $ 250,000 $ 67,648 $ 901,648

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Scheduled Maturity for Lease Liabilities for Balances Outstanding	The scheduled maturity for lease liabilities for balances outstanding at September 30, 2019 were as follows: Operating Leases Finance Leases (In thousands) 2019 (remaining) $ 6,092 $ 3,430 2020 20,251 14,419 2021 17,324 13,983 2022 15,274 12,610 2023 12,955 10,880 Thereafter 40,794 17,920 Total liabilities 112,690 73,242 Less: interest (15,407 ) (5,594 ) Present value of lease liabilities $ 97,283 $ 67,648
Scheduled Maturity for Lease Payments	The scheduled maturity for lease payments at December 31, 2018 were as follows: Operating Leases Finance Leases (In thousands) 2019 $ 18,827 $ 12,055 2020 15,510 12,869 2021 13,324 12,434 2022 12,205 11,060 2023 10,402 9,331 Thereafter 33,440 11,029 Total $ 103,708 68,778 Less: interest (5,419 ) Present value of minimum lease payments $ 63,359
Summary of Lease Activity	Our lease activity during the three and nine months ended September 30, 2019 was as follows: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Expense: Finance lease expense: Amortization of finance lease assets $ 3,531 $ 10,254 Interest on obligations under finance leases 424 1,246 Total finance lease expense $ 3,955 $ 11,500 Operating lease expense: Short-term lease expense $ 259 $ 886 Fixed lease expense 5,574 16,487 Variable lease expense 766 2,316 Sublease income (25 ) (77 ) Total operating lease expense $ 6,574 $ 19,612 Cash paid and new or modified lease information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 452 $ 1,271 Operating cash flows from operating leases, fixed payments 5,409 16,215 Financing cash flows from finance leases 3,026 8,167 Net assets obtained in exchange for new or modified finance lease liabilities 6,136 12,455 Net operating lease assets obtained in exchange for new or modified operating lease liabilities 3,368 20,640
Summary of Weighted-Average Remaining Lease Terms and Discount Rates	Weighted-average remaining lease terms and discount rates as of September 30, 2019 were as follows: Lease terms and discount rates: Weighted-average remaining lease term - finance leases (in years) 4.3 Weighted-average remaining lease term - operating leases (in years) 7.2 Weighted average discount rate - finance leases 2.7 % Weighted average discount rate - operating leases 3.4 %

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Summary of Reconciliation of Unrecognized Tax Benefits	A reconciliation of the beginning and ending balance of unrecognized tax benefits is as follows: 2019 (In thousands) Beginning balance $ — Additions based on tax positions related to prior years 493 Ending balance $ 493

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Share-Based Compensation Expense	The following table summarizes the Company’s share-based compensation for the three and nine months ended September 30: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (In thousands) Share-based compensation expense included in: Rental, selling and general expenses $ 2,497 $ 2,230 $ 12,834 $ 7,503 Restructuring expenses — — — 363 Total share-based compensation $ 2,497 $ 2,230 $ 12,834 $ 7,866
Stock Option Activity	The following table summarizes stock option activity for the nine months ended September 30, 2019: Number of Options Performance- Based Options Service-Based Options Total Options Weighted Average Exercise Price (In thousands) Options outstanding, beginning of period 533 2,421 2,954 $ 32.71 Additional options awarded based upon achievement of specified performance criteria 227 — 227 29.54 Canceled/Expired (19 ) (30 ) (49 ) 39.95 Exercised (45 ) (43 ) (88 ) 26.36 Options outstanding, end of period 696 2,348 3,044 32.54 Unvested target options that vest based upon 2019 performance conditions 107
Fully Vested Stock Options and Stock Options Expected to Vest	A summary of stock options outstanding as of September 30, 2019 is as follows: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Terms Aggregate Intrinsic Value (I n (In years) (In thousands) Outstanding 3,044 $ 32.54 4.39 $ 15,621 Exercisable 2,936 32.54 4.27 15,146
Restricted Stock Award Activity	A summary of restricted stock award activity for the nine months ended September 30, 2019 is as follows: Number of Shares Performance- Based Awards Service-Based Awards Total Awards Weighted Average Grant Date Fair Value (In thousands) Restricted stock awards at beginning of period 94 233 327 $ 35.06 Awarded 113 150 263 36.41 Additional shares awarded based upon achievement of specified performance criteria 31 — 31 36.41 Released (62 ) (113 ) (175 ) 35.24 Forfeited (9 ) (15 ) (24 ) 35.97 Restricted stock awards at end of period 167 255 422 35.99 Unvested target stock awards that vest based upon 2019 performance conditions 65 Unvested target stock awards that vest based upon 2020 performance conditions 65 Unvested target stock awards that vest based upon 2021 performance conditions 37

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2019
Restructuring And Related Activities [Abstract]
Accrued Restructuring Obligations and Related Activity	The following table details accrued restructuring obligations (included in accrued liabilities in the Condensed Consolidated Balance Sheets) and related activity for the fiscal year ended December 31, 2018 and the nine-month period ended September 30, 2019: Severance Benefits Lease Abandonment Costs Other Costs Total (In thousands) Accrued obligations as of January 1, 2018 $ 539 $ 182 $ 36 $ 757 Restructuring expense 1,338 482 186 2,006 Settlement of obligations (1,473 ) (578 ) (209 ) (2,260 ) Accrued obligations as of December 31, 2018 404 86 13 503 Settlement of obligations (271 ) (86 ) (13 ) (370 ) Accrued obligations as of September 30, 2019 $ 133 $ — $ — $ 133
Restructuring Expenses	The following amounts were included in restructuring expenses for the nine months ended September 30, 2018 (in thousands): Severance and benefits $ 948 Lease abandonment costs 125 Other costs 233 Restructuring expenses $ 1,306

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Schedule of Dividends Authorized and Declared Cash Dividends to Common Stockholders	The Board authorized and declared cash dividends to all of our common stockholders as follows: Declaration Date Payment Date Record Date (close of business) Dividend Amount Per Share of Common Stock January 30, 2019 March 13, 2019 February 27, 2019 $ 0.275 April 18, 2019 May 29, 2019 May 15, 2019 $ 0.275 July 24, 2019 August 28, 2019 August 14, 2019 $ 0.275

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Reporting	The following tables set forth certain information regarding each of the Company’s segments for the three-month periods indicated: For the Three Months Ended September 30, 2019 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Revenues: Rental $ 98,034 $ 18,786 $ 116,820 $ 28,699 $ 145,519 Sales 4,725 1,714 6,439 1,448 7,887 Other 76 (1 ) 75 36 111 Total revenues 102,835 20,499 123,334 30,183 153,517 Costs and expenses: Rental, selling and general expenses 59,962 12,391 72,353 19,046 91,399 Cost of sales 2,672 1,376 4,048 790 4,838 Depreciation and amortization 8,863 1,713 10,576 6,914 17,490 Total costs and expenses 71,497 15,480 86,977 26,750 113,727 Income from operations $ 31,338 $ 5,019 $ 36,357 $ 3,433 $ 39,790 Interest expense, net of interest income $ 7,588 $ 114 $ 7,702 $ 2,679 $ 10,381 Income tax provision 5,739 938 6,677 144 6,821 Capital expenditures for additions to rental fleet, excluding acquisitions 11,107 1,546 12,653 2,197 14,850 For the Three Months Ended September 30, 2018 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Revenues: Rental $ 92,241 $ 20,398 $ 112,639 $ 28,285 $ 140,924 Sales 5,103 2,593 7,696 1,020 8,716 Other — 40 40 27 67 Total revenues 97,344 23,031 120,375 29,332 149,707 Costs and expenses: Rental, selling and general expenses 57,662 13,459 71,121 19,643 90,764 Cost of sales 3,178 2,048 5,226 544 5,770 Asset impairment charge and loss on divestiture, net 87,658 8,434 96,092 2,186 98,278 Depreciation and amortization 7,892 1,866 9,758 6,433 16,191 Total costs and expenses 156,390 25,807 182,197 28,806 211,003 (Loss) income from operations $ (59,046 ) $ (2,776 ) $ (61,822 ) $ 526 $ (61,296 ) Interest expense, net of interest income $ 7,589 $ 200 $ 7,789 $ 2,698 $ 10,487 Income tax benefit (16,699 ) (454 ) (17,153 ) (2,441 ) (19,594 ) Capital expenditures for additions to rental fleet, excluding acquisitions 18,290 1,243 19,533 7,611 27,144 The following tables set forth certain information regarding each of the Company’s segments for the nine-month periods indicated: For the Nine Months Ended September 30, 2019 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Revenues: Rental $ 283,006 $ 56,924 $ 339,930 $ 89,667 $ 429,597 Sales 13,532 5,455 18,987 4,258 23,245 Other 363 — 363 154 517 Total revenues 296,901 62,379 359,280 94,079 453,359 Costs and expenses: Rental, selling and general expenses 180,855 39,181 220,036 59,332 279,368 Cost of sales 7,863 4,271 12,134 2,350 14,484 Depreciation and amortization 26,974 5,263 32,237 20,723 52,960 Total costs and expenses 215,692 48,715 264,407 82,405 346,812 Income from operations $ 81,209 $ 13,664 $ 94,873 $ 11,674 $ 106,547 Interest expense, net of interest income $ 23,300 $ 376 $ 23,676 $ 8,057 $ 31,733 Income tax provision 16,262 2,530 18,792 1,002 19,794 Capital expenditures for additions to rental fleet, excluding acquisitions 39,114 3,657 42,771 18,476 61,247 For the Nine Months Ended September 30, 2018 Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) Revenues: Rental $ 264,227 $ 61,066 $ 325,293 $ 80,856 $ 406,149 Sales 15,211 6,574 21,785 3,915 25,700 Other 238 161 399 112 511 Total revenues 279,676 67,801 347,477 84,883 432,360 Costs and expenses: Rental, selling and general expenses 171,182 41,066 212,248 56,785 269,033 Cost of sales 9,401 5,294 14,695 2,230 16,925 Restructuring expenses 1,306 — 1,306 — 1,306 Asset impairment charge and loss on divestiture, net 87,658 8,434 96,092 2,186 98,278 Depreciation and amortization 25,349 6,049 31,398 18,808 50,206 Total costs and expenses 294,896 60,843 355,739 80,009 435,748 (Loss) income from operations $ (15,220 ) $ 6,958 $ (8,262 ) $ 4,874 $ (3,388 ) Interest expense, net of interest income $ 21,443 $ 631 $ 22,074 $ 8,099 $ 30,173 Income tax (benefit) provision (8,876 ) 1,269 (7,607 ) (3,575 ) (11,182 ) Capital expenditures for additions to rental fleet, excluding acquisitions 39,400 5,805 45,205 20,415 65,620
Assets Segments	Assets related to the Company’s reportable segments include the following: Storage Solutions North America United Kingdom Total Tank & Pump Solutions Consolidated (In thousands) As of September 30, 2019: Goodwill $ 470,861 $ 53,692 $ 524,553 $ 181,216 $ 705,769 Intangibles, net 1,234 261 1,495 49,838 51,333 Rental fleet, net 683,992 135,429 819,421 133,910 953,331 As of December 31, 2018: Goodwill $ 468,400 $ 55,601 $ 524,001 $ 181,216 $ 705,217 Intangibles, net 859 341 1,200 54,342 55,542 Rental fleet, net 657,459 140,636 798,095 130,995 929,090

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	9 Months Ended
	Sep. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Balance Sheets	The following tables reflect the condensed consolidating financial information of the Company’s subsidiary guarantors of the Senior Notes and its non-guarantor subsidiaries. Separate financial statements of the subsidiary guarantors are not presented because the guarantee by each 100% owned subsidiary guarantor is full and unconditional, joint and several, subject to customary exceptions, and management has determined that such information is not material to investors. MOBILE MINI, INC. CONDENSED CONSOLIDATING BALANCE SHEETS As of September 30, 2019 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated ASSETS Cash and cash equivalents $ 4,897 $ 2,398 $ — $ 7,295 Receivables, net 92,338 14,509 — 106,847 Inventories 7,925 1,910 — 9,835 Rental fleet, net 810,423 142,908 — 953,331 Property, plant and equipment, net 127,187 23,292 — 150,479 Operating lease assets 73,179 22,310 — 95,489 Other assets 11,030 1,779 — 12,809 Intangibles, net 51,063 270 — 51,333 Goodwill 647,456 58,313 — 705,769 Intercompany receivables 145,942 31,982 (177,924 ) — Total assets $ 1,971,440 $ 299,671 $ (177,924 ) $ 2,093,187 LIABILITIES AND STOCKHOLDERS' Liabilities: Accounts payable $ 23,182 $ 6,985 $ — $ 30,167 Accrued liabilities 66,051 8,280 — 74,331 Operating lease liabilities 75,691 21,592 — 97,283 Lines of credit 584,000 — — 584,000 Obligations under finance leases 67,567 81 — 67,648 Senior notes, net 246,967 — — 246,967 Deferred income taxes 167,779 18,337 — 186,116 Intercompany payables 29,703 222 (29,925 ) — Total liabilities 1,260,940 55,497 (29,925 ) 1,286,512 Commitments and contingencies Stockholders' equity: Common stock 503 — — 503 Additional paid-in capital 634,994 147,999 (147,999 ) 634,994 Retained earnings 252,409 175,989 — 428,398 Accumulated other comprehensive loss — (79,814 ) — (79,814 ) Treasury stock, at cost (177,406 ) — — (177,406 ) Total stockholders' equity 710,500 244,174 (147,999 ) 806,675 Total liabilities and stockholders' equity $ 1,971,440 $ 299,671 $ (177,924 ) $ 2,093,187 MOBILE MINI, INC. CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2018 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated ASSETS Cash and cash equivalents $ 1,483 $ 4,122 $ — $ 5,605 Receivables, net 114,702 15,531 — 130,233 Inventories 9,811 1,914 — 11,725 Rental fleet, net 781,588 147,502 — 929,090 Property, plant and equipment, net 130,351 23,903 — 154,254 Other assets 11,341 2,057 — 13,398 Intangibles, net 55,189 353 — 55,542 Goodwill 645,126 60,091 — 705,217 Intercompany receivables 148,811 34,449 (183,260 ) — Total assets $ 1,898,402 $ 289,922 $ (183,260 ) $ 2,005,064 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Accounts payable $ 27,271 $ 5,906 $ — $ 33,177 Accrued liabilities 79,537 8,599 — 88,136 Lines of credit 589,310 4,185 — 593,495 Obligations under finance leases 63,253 106 — 63,359 Senior notes, net 246,489 — — 246,489 Deferred income taxes 151,758 18,381 — 170,139 Intercompany payables 29,586 5,675 (35,261 ) — Total liabilities 1,187,204 42,852 (35,261 ) 1,194,795 Commitments and contingencies Stockholders' equity: Common stock 500 — — 500 Additional paid-in capital 619,850 147,999 (147,999 ) 619,850 Retained earnings 238,709 171,932 — 410,641 Accumulated other comprehensive loss — (72,861 ) — (72,861 ) Treasury stock, at cost (147,861 ) — — (147,861 ) Total stockholders' equity 711,198 247,070 (147,999 ) 810,269 Total liabilities and stockholders' equity $ 1,898,402 $ 289,922 $ (183,260 ) $ 2,005,064
Condensed Consolidating Statements of Income	MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF INCOME Three months ended September 30, 2019 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Revenues: Rental $ 125,807 $ 19,712 $ — $ 145,519 Sales 6,108 1,779 — 7,887 Other 111 — — 111 Total revenues 132,026 21,491 — 153,517 Costs and expenses: Rental, selling and general expenses 78,313 13,086 — 91,399 Cost of sales 3,422 1,416 — 4,838 Depreciation and amortization 15,700 1,790 — 17,490 Total costs and expenses 97,435 16,292 — 113,727 Income from operations 34,591 5,199 — 39,790 Other income (expense): Interest income 12 — — 12 Interest expense (10,278 ) (115 ) — (10,393 ) Dividend income 4,963 — (4,963 ) — Foreign currency exchange (42 ) 29 — (13 ) Income before income tax provision 29,246 5,113 (4,963 ) 29,396 Income tax provision 5,837 984 — 6,821 Net income $ 23,409 $ 4,129 $ (4,963 ) $ 22,575 MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three months ended September 30, 2018 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Revenues: Rental $ 119,697 $ 21,227 $ — $ 140,924 Sales 6,063 2,653 — 8,716 Other 25 42 — 67 Total revenues 125,785 23,922 — 149,707 Costs and expenses: Rental, selling and general expenses 76,522 14,242 — 90,764 Cost of sales 3,681 2,089 — 5,770 Asset impairment charge and loss on divestiture, net 88,822 9,456 — 98,278 Depreciation and amortization 14,241 1,950 — 16,191 Total costs and expenses 183,266 27,737 — 211,003 Loss from operations (57,481 ) (3,815 ) — (61,296 ) Other income (expense): Interest expense (10,287 ) (200 ) — (10,487 ) Foreign currency exchange — 24 — 24 Loss before income tax benefit (67,768 ) (3,991 ) — (71,759 ) Income tax benefit (18,864 ) (730 ) — (19,594 ) Net loss $ (48,904 ) $ (3,261 ) $ — $ (52,165 ) MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF INCOME Nine months ended September 30, 2019 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Revenues: Rental $ 370,257 $ 59,340 $ — $ 429,597 Sales 17,623 5,622 — 23,245 Other 516 1 — 517 Total revenues 388,396 64,963 — 453,359 Costs and expenses: Rental, selling and general expenses 238,213 41,155 — 279,368 Cost of sales 10,109 4,375 — 14,484 Depreciation and amortization 47,456 5,504 — 52,960 Total costs and expenses 295,778 51,034 — 346,812 Income from operations 92,618 13,929 — 106,547 Other income (expense): Interest income 12 — — 12 Dividend income 4,963 — (4,963 ) — Interest expense (31,369 ) (376 ) — (31,745 ) Deferred financing costs write-off (123 ) — — (123 ) Foreign currency exchange (192 ) 13 — (179 ) Income before income tax provision 65,909 13,566 (4,963 ) 74,512 Income tax provision 17,194 2,600 — 19,794 Net income $ 48,715 $ 10,966 $ (4,963 ) $ 54,718 MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Nine months ended September 30, 2018 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Revenues: Rental $ 342,783 $ 63,366 $ — $ 406,149 Sales 18,864 6,836 — 25,700 Other 342 169 — 511 Total revenues 361,989 70,371 — 432,360 Costs and expenses: Rental, selling and general expenses 225,844 43,189 — 269,033 Cost of sales 11,448 5,477 — 16,925 Restructuring expenses 1,306 — — 1,306 Asset impairment charge and loss on divestiture, net 88,822 9,456 — 98,278 Depreciation and amortization 43,902 6,304 — 50,206 Total costs and expenses 371,322 64,426 — 435,748 (Loss) income from operations (9,333 ) 5,945 — (3,388 ) Other income (expense): Interest income 3 3 — 6 Dividend income 8,983 — (8,983 ) — Interest expense (29,545 ) (634 ) — (30,179 ) Foreign currency exchange 48 21 — 69 (Loss) income before income tax provision (29,844 ) 5,335 (8,983 ) (33,492 ) Income tax (benefit) provision (12,152 ) 970 — (11,182 ) Net (loss) income $ (17,692 ) $ 4,365 $ (8,983 ) $ (22,310 )
Condensed Consolidating Statements of Comprehensive Income (Loss)	MOBILE MINI, INC CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Three months ended September 30, 2019 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Net income $ 23,409 $ 4,129 $ (4,963 ) $ 22,575 Foreign currency translation adjustment — (6,822 ) — (6,822 ) Comprehensive income (loss) $ 23,409 $ (2,693 ) $ (4,963 ) $ 15,753 MOBILE MINI, INC CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE LOSS Three months ended September 30, 2018 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Net loss $ (48,904 ) $ (3,261 ) $ — $ (52,165 ) Foreign currency translation adjustment — (2,696 ) — (2,696 ) Comprehensive loss $ (48,904 ) $ (5,957 ) $ — $ (54,861 ) MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Nine months ended September 30, 2019 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Net income $ 48,715 $ 10,966 $ (4,963 ) $ 54,718 Foreign currency translation adjustment — (6,953 ) — (6,953 ) Comprehensive income $ 48,715 $ 4,013 $ (4,963 ) $ 47,765 MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE LOSS Nine months ended September 30, 2018 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Net (loss) income $ (17,692 ) $ 4,365 $ (8,983 ) $ (22,310 ) Foreign currency translation adjustment — (7,053 ) — (7,053 ) Comprehensive loss $ (17,692 ) $ (2,688 ) $ (8,983 ) $ (29,363 )
Condensed Consolidating Statements of Cash Flows	MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine months ended September 30, 2019 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Cash flows from operating activities: Net income $ 48,715 $ 10,966 $ (4,963 ) $ 54,718 Adjustments to reconcile net income to net cash provided by operating activities: Deferred financing costs write-off 123 — — 123 Provision for doubtful accounts 3,881 354 — 4,235 Amortization of deferred financing costs 1,383 — — 1,383 Amortization of long-term liabilities 13 — — 13 Share-based compensation expense 12,616 218 — 12,834 Depreciation and amortization 47,456 5,504 — 52,960 Gain on sale of rental fleet units (4,026 ) (584 ) — (4,610 ) Loss on disposal of property, plant and equipment 18 28 — 46 Deferred income taxes 15,340 515 — 15,855 Foreign currency exchange 192 (13 ) — 179 Changes in certain assets and liabilities, net of effect of businesses acquired: Receivables 18,519 216 — 18,735 Inventories 1,886 (64 ) — 1,822 Other assets 2,075 (726 ) — 1,349 Accounts payable 771 1,898 — 2,669 Accrued liabilities (10,421 ) 9 — (10,412 ) Intercompany 5,748 (5,748 ) — — Net cash provided by operating activities 144,289 12,573 (4,963 ) 151,899 Cash flows from investing activities: Cash paid for business acquired, net of cash acquired (4,878 ) — — (4,878 ) Additions to rental fleet, excluding acquisitions (57,430 ) (3,817 ) — (61,247 ) Proceeds from sale of rental fleet 8,654 2,128 — 10,782 Additions to property, plant and equipment, excluding acquisitions (6,586 ) (3,331 ) — (9,917 ) Proceeds from sale of property, plant and equipment 401 47 — 448 Net cash used in investing activities (59,839 ) (4,973 ) — (64,812 ) Cash flows from financing activities: Net repayments under lines of credit (5,309 ) (4,185 ) — (9,494 ) Deferred financing costs (3,491 ) — — (3,491 ) Principal payments on finance lease obligations (8,141 ) (26 ) — (8,167 ) Issuance of common stock 2,314 — — 2,314 Dividend payments (36,864 ) — — (36,864 ) Purchase of treasury stock (29,545 ) — — (29,545 ) Intercompany — (4,963 ) 4,963 — Net cash used in financing activities (81,036 ) (9,174 ) 4,963 (85,247 ) Effect of exchange rate changes on cash — (150 ) — (150 ) Net increase (decrease) in cash 3,414 (1,724 ) — 1,690 Cash and cash equivalents at beginning of period 1,483 4,122 — 5,605 Cash and cash equivalents at end of period $ 4,897 $ 2,398 $ — $ 7,295 MOBILE MINI, INC. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine months ended September 30, 2018 (In thousands) Guarantors Non- Guarantors Eliminations Consolidated Cash flows from operating activities: Net (loss) income $ (17,692 ) $ 4,365 $ (8,983 ) $ (22,310 ) Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: Asset impairment charge and loss on divestiture, net 88,822 9,456 — 98,278 Provision for doubtful accounts 1,884 96 — 1,980 Amortization of deferred financing costs 1,545 — — 1,545 Amortization of long-term liabilities 109 — — 109 Share-based compensation expense 7,704 162 — 7,866 Depreciation and amortization 43,902 6,304 — 50,206 Gain on sale of rental fleet units (3,949 ) (574 ) — (4,523 ) Loss on disposal of property, plant and equipment 525 23 — 548 Deferred income taxes (12,152 ) (739 ) — (12,891 ) Foreign currency exchange (48 ) (21 ) — (69 ) Changes in certain assets and liabilities, net of effect of businesses acquired: Receivables (10,533 ) 1,504 — (9,029 ) Inventories (605 ) (317 ) — (922 ) Other assets 2,233 (358 ) — 1,875 Accounts payable 2,482 735 — 3,217 Accrued liabilities (1,898 ) 2,238 — 340 Intercompany 26,039 (26,039 ) — — Net cash provided by (used in) operating activities 128,368 (3,165 ) (8,983 ) 116,220 Cash flows from investing activities: Proceeds from sale of assets held for sale 3,416 92 3,508 Additions to rental fleet, excluding acquisitions (59,506 ) (6,114 ) — (65,620 ) Proceeds from sale of rental fleet 8,885 2,562 — 11,447 Additions to property, plant and equipment, excluding acquisitions (8,923 ) (5,712 ) — (14,635 ) Proceeds from sale of property, plant and equipment 585 18 — 603 Net cash used in investing activities (55,543 ) (9,154 ) — (64,697 ) Cash flows from financing activities: Net (repayments) borrowings under lines of credit (34,814 ) 10,752 — (24,062 ) Principal payments on finance lease obligations (6,656 ) (27 ) — (6,683 ) Issuance of common stock 3,617 — — 3,617 Dividend payments (33,312 ) — — (33,312 ) Purchase of treasury stock (668 ) — — (668 ) Intercompany — (8,983 ) 8,983 — Net cash (used in) provided by financing activities (71,833 ) 1,742 8,983 (61,108 ) Effect of exchange rate changes on cash — 1,069 — 1,069 Net increase (decrease) in cash 992 (9,508 ) — (8,516 ) Cash and cash equivalents at beginning of period 803 12,648 — 13,451 Cash and cash equivalents at end of period $ 1,795 $ 3,140 $ — $ 4,935

Mobile Mini, Inc. - Organizat_3

Mobile Mini, Inc. - Organization and Description of Business - Additional Information (Detail)	Sep. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Percentage of ownership owned	100.00%

Impact of Recently Issued Acc_2

Impact of Recently Issued Accounting Standards - Additional Information (Detail) $ in Thousands	Sep. 30, 2019USD ($)
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating lease liabilities	$ 97,283
Right of use assets	95,489
Accounting Standards Update 2016-02
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Operating lease liabilities	91,000
Right of use assets	$ 91,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2019	May 09, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes fair value basis for measurement, description	The fair value of our $250.0 million aggregate principal amount of 5.875% senior notes due July 1, 2024 (the “Senior Notes” or “2024 Notes”) is based on their latest sales price at the end of each period obtained from a third-party institution and is Level 2 in the fair value hierarchy as there is not an active market for the Senior Notes.
Senior Notes 5.875 Percent Due 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes, face amount	$ 250,000,000	$ 250,000,000
Debt instrument interest rate	5.875%
Senior notes due, date	Jul. 1, 2024

Gross Carrying and Fair Value o

Gross Carrying and Fair Value of Senior Notes (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Carrying value	$ 246,967	$ 246,489
Senior Notes 5.875 Percent Due 2024
Debt Instrument [Line Items]
Carrying value	250,000	250,000
Fair value	$ 258,750	$ 247,028

Revenues - Additional Informati

Revenues - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Accrued Liabilities
Revenue From Contracts With Customers [Line Items]
Unearned rental revenue	$ 40.7	$ 41

Revenues - Additional Informa_2

Revenues - Additional Information (Detail 1)	Sep. 30, 2019
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2019-10-01
Revenue From Contracts With Customers [Line Items]
Expected remaining performance obligation recognition period	12 months

Revenues - Schedule of Disaggre

Revenues - Schedule of Disaggregated Rental Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation Of Revenue [Line Items]
Revenues	$ 153,517	$ 149,707	$ 453,359	$ 432,360
Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	123,334	120,375	359,280	347,477
Tank & Pump Solutions Segment
Disaggregation Of Revenue [Line Items]
Revenues	30,183	29,332	94,079	84,883
North America | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	102,835	97,344	296,901	279,676
United Kingdom | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	20,499	23,031	62,379	67,801
Rental
Disaggregation Of Revenue [Line Items]
Revenues	145,519	140,924	429,597	406,149
Rental | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	116,820	112,639	339,930	325,293
Rental | Tank & Pump Solutions Segment
Disaggregation Of Revenue [Line Items]
Revenues	28,699	28,285	89,667	80,856
Rental | Direct rental revenue
Disaggregation Of Revenue [Line Items]
Revenues	104,618	101,602	309,074	296,014
Rental | Direct rental revenue | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	85,098	82,141	248,172	238,713
Rental | Direct rental revenue | Tank & Pump Solutions Segment
Disaggregation Of Revenue [Line Items]
Revenues	19,520	19,461	60,902	57,301
Rental | Delivery, pickup and similar revenue
Disaggregation Of Revenue [Line Items]
Revenues	35,996	35,118	105,268	96,685
Rental | Delivery, pickup and similar revenue | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	27,639	26,789	78,837	74,715
Rental | Delivery, pickup and similar revenue | Tank & Pump Solutions Segment
Disaggregation Of Revenue [Line Items]
Revenues	8,357	8,329	26,431	21,970
Rental | Ancillary rental revenue
Disaggregation Of Revenue [Line Items]
Revenues	4,905	4,204	15,255	13,450
Rental | Ancillary rental revenue | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	4,083	3,709	12,921	11,865
Rental | Ancillary rental revenue | Tank & Pump Solutions Segment
Disaggregation Of Revenue [Line Items]
Revenues	822	495	2,334	1,585
Rental | North America | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	98,034	92,241	283,006	264,227
Rental | North America | Direct rental revenue | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	72,146	68,073	208,647	196,029
Rental | North America | Delivery, pickup and similar revenue | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	22,985	21,671	65,135	59,893
Rental | North America | Ancillary rental revenue | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	2,903	2,497	9,224	8,305
Rental | United Kingdom | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	18,786	20,398	56,924	61,066
Rental | United Kingdom | Direct rental revenue | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	12,952	14,068	39,525	42,684
Rental | United Kingdom | Delivery, pickup and similar revenue | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	4,654	5,118	13,702	14,822
Rental | United Kingdom | Ancillary rental revenue | Storage Solutions
Disaggregation Of Revenue [Line Items]
Revenues	$ 1,180	$ 1,212	$ 3,697	$ 3,560

Reconciliation of Net Income an

Reconciliation of Net Income and Weighted-Average Shares of Common Stock Outstanding for Purposes of Calculating Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator:
Net income (loss)	$ 22,575	$ 14,058	$ 18,085	$ (52,165)	$ 15,000	$ 14,855	$ 54,718	$ (22,310)
Denominator:
Weighted average shares outstanding - basic	44,072			44,323			44,337	44,275
Dilutive effect of share-based awards	244						309
Weighted average shares outstanding - diluted	44,316			44,323			44,646	44,275
Earnings (loss) per share:
Basic	$ 0.51			$ (1.18)			$ 1.23	$ (0.50)
Diluted	$ 0.51			$ (1.18)			$ 1.23	$ (0.50)

Earnings (Loss) Per Share - Add

Earnings (Loss) Per Share - Additional Information (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share Basic [Line Items]
Common stock equivalents would have included in diluted EPS denominator	1,530	733	1,526	751
Common Stock Equivalents
Earnings Per Share Basic [Line Items]
Common stock equivalents would have included in diluted EPS denominator		800		700

Effect of Stock Options and Res

Effect of Stock Options and Restricted Share Awards that were Issued or Outstanding but were Excluded in Calculating Diluted Earnings Per Share Because their Effect would have been Anti-Dilutive (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the computation of dilutive EPS	1,530	733	1,526	751
Stock options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the computation of dilutive EPS	1,529	691	1,525	724
Restricted share awards
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the computation of dilutive EPS	1	42	1	27

Acquisition - Additional Inform

Acquisition - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2019Entity
Portable Storage Businesses
Business Acquisition [Line Items]
Number of business acquired	1

Schedule of Components of Purch

Schedule of Components of Purchase Price and Net Assets Acquired (Detail) $ in Thousands	Sep. 30, 2019USD ($)
Net Assets Acquired
Rental fleet	$ 2,599
Intangible assets:
Goodwill	2,328
Other assets	37
Liabilities	(739)
Total purchase price	4,878
Customer relationships
Intangible assets:
Intangible assets	628
Non-compete agreements
Intangible assets:
Intangible assets	$ 25

Asset Impairment Charge and L_3

Asset Impairment Charge and Loss on Divestiture, Net of Proceeds - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Dec. 31, 2018
Assets Held For Sale Not Part Of Disposal Group [Abstract]
Asset impairment charge and loss on divestiture, net	$ 98,278	$ 98,278	$ 102,140
Non-cash loss			$ 111,429

Schedule of Disposal of Assets

Schedule of Disposal of Assets (Detail) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)Fleet
Long Lived Assets Held For Sale [Line Items]
Net book value			$ 111,429
Proceeds, net of disposal costs			(9,289)
Net loss on impairment and divestiture	$ 98,278	$ 98,278	$ 102,140
Units | Fleet			26,048
Tank & Pump Solutions Segment
Long Lived Assets Held For Sale [Line Items]
Net book value			$ 1,654
Units | Fleet			622
Other
Long Lived Assets Held For Sale [Line Items]
Net book value			$ 12,875
North America | Storage Solutions | Steel storage containers
Long Lived Assets Held For Sale [Line Items]
Net book value			$ 57,579
Units | Fleet			20,072
North America | Storage Solutions | Steel ground level offices
Long Lived Assets Held For Sale [Line Items]
Net book value			$ 30,806
Units | Fleet			3,543
North America | Storage Solutions | Other
Long Lived Assets Held For Sale [Line Items]
Net book value			$ 363
Units | Fleet			286
United Kingdom | Storage Solutions
Long Lived Assets Held For Sale [Line Items]
Net book value			$ 8,152
Units | Fleet			1,525

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 7,427	$ 8,078
Finished units	2,408	3,647
Inventories	$ 9,835	$ 11,725

Rental Fleet - Additional Infor

Rental Fleet - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Property Subject to or Available for Operating Lease [Line Items]
Rental fleet, net	$ 953,331		$ 929,090
Portable Storage
Property Subject to or Available for Operating Lease [Line Items]
Net orderly liquidation appraisal value of rental fleet	1,100,000
Depreciation expense	$ 23,900	$ 23,900

Rental Fleet (Detail)

Rental Fleet (Detail) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2019	Dec. 31, 2018
Property Subject to or Available for Operating Lease [Line Items]
Total fleet, net		$ 953,331	$ 929,090
Storage Solutions
Property Subject to or Available for Operating Lease [Line Items]
Rental fleet, gross		980,441	949,761
Accumulated depreciation		(161,020)	(151,666)
Total fleet, net		$ 819,421	798,095
Storage Solutions | Steel storage containers
Property Subject to or Available for Operating Lease [Line Items]
Residual Value as Percentage of Original Cost	[1]	55.00%
Estimated Useful Life in Years		30 years
Rental fleet, gross		$ 618,325	601,127
Storage Solutions | Steel ground level offices
Property Subject to or Available for Operating Lease [Line Items]
Residual Value as Percentage of Original Cost	[1]	55.00%
Estimated Useful Life in Years		30 years
Rental fleet, gross		$ 355,897	341,385
Storage Solutions | Other
Property Subject to or Available for Operating Lease [Line Items]
Rental fleet, gross		6,219	7,249
Tank & Pump Solutions
Property Subject to or Available for Operating Lease [Line Items]
Rental fleet, gross		196,028	183,632
Accumulated depreciation		(62,118)	(52,637)
Total fleet, net		$ 133,910	130,995
Tank & Pump Solutions | Steel tanks
Property Subject to or Available for Operating Lease [Line Items]
Estimated Useful Life in Years		25 years
Rental fleet, gross		$ 81,338	72,770
Tank & Pump Solutions | Roll-off boxes
Property Subject to or Available for Operating Lease [Line Items]
Rental fleet, gross		$ 35,692	34,205
Tank & Pump Solutions | Roll-off boxes | Minimum
Property Subject to or Available for Operating Lease [Line Items]
Estimated Useful Life in Years		15 years
Tank & Pump Solutions | Roll-off boxes | Maximum
Property Subject to or Available for Operating Lease [Line Items]
Estimated Useful Life in Years		20 years
Tank & Pump Solutions | Stainless steel tank trailers
Property Subject to or Available for Operating Lease [Line Items]
Estimated Useful Life in Years		25 years
Rental fleet, gross		$ 29,127	28,764
Tank & Pump Solutions | Vacuum Boxes
Property Subject to or Available for Operating Lease [Line Items]
Estimated Useful Life in Years		20 years
Rental fleet, gross		$ 16,794	17,005
Tank & Pump Solutions | Dewatering boxes
Property Subject to or Available for Operating Lease [Line Items]
Estimated Useful Life in Years		20 years
Rental fleet, gross		$ 9,469	8,429
Tank & Pump Solutions | Pumps and filtration equipment
Property Subject to or Available for Operating Lease [Line Items]
Estimated Useful Life in Years		7 years
Rental fleet, gross		$ 13,997	13,984
Tank & Pump Solutions | Other
Property Subject to or Available for Operating Lease [Line Items]
Rental fleet, gross		$ 9,611	$ 8,475
[1]	Tank & Pump Solutions fleet has been assigned zero residual value.

Rental Fleet (Parenthetical) (D

Rental Fleet (Parenthetical) (Detail)	Sep. 30, 2019USD ($)
Tank & Pump Solutions
Property Subject to or Available for Operating Lease [Line Items]
Residual value	$ 0

Property, Plant and Equipment -

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Property Plant And Equipment [Abstract]
Depreciation expense	$ 24.2	$ 21.4

Property, Plant and Equipment_2

Property, Plant and Equipment (Detail) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2019	Dec. 31, 2018
Property Plant And Equipment [Line Items]
Land		$ 1,623	$ 1,638
Vehicles and machinery		163,686	156,195
Buildings and improvements	[1]	31,847	27,614
Computer equipment and software		75,258	70,903
Furniture and office equipment		5,246	6,680
Property, plant and equipment		277,660	263,030
Accumulated depreciation		(127,181)	(108,776)
Property, plant and equipment, net		$ 150,479	$ 154,254
Vehicles and machinery | Minimum
Property Plant And Equipment [Line Items]
Residual Value as Percentage of Original Cost		0.00%
Estimated Useful Life in Years		5 years
Vehicles and machinery | Maximum
Property Plant And Equipment [Line Items]
Residual Value as Percentage of Original Cost		55.00%
Estimated Useful Life in Years		30 years
Buildings and improvements | Minimum
Property Plant And Equipment [Line Items]
Residual Value as Percentage of Original Cost	[1]	0.00%
Estimated Useful Life in Years	[1]	3 years
Buildings and improvements | Maximum
Property Plant And Equipment [Line Items]
Residual Value as Percentage of Original Cost	[1]	25.00%
Estimated Useful Life in Years	[1]	30 years
Computer equipment and software
Property Plant And Equipment [Line Items]
Residual Value as Percentage of Original Cost		0.00%
Computer equipment and software | Minimum
Property Plant And Equipment [Line Items]
Estimated Useful Life in Years		3 years
Computer equipment and software | Maximum
Property Plant And Equipment [Line Items]
Estimated Useful Life in Years		10 years
Furniture and office equipment
Property Plant And Equipment [Line Items]
Residual Value as Percentage of Original Cost		0.00%
Furniture and office equipment | Minimum
Property Plant And Equipment [Line Items]
Estimated Useful Life in Years		3 years
Furniture and office equipment | Maximum
Property Plant And Equipment [Line Items]
Estimated Useful Life in Years		10 years
[1]	Improvements made to leased properties are depreciated over the lesser of the estimated remaining life or the remaining term of the respective lease.

Goodwill and Intangibles - Addi

Goodwill and Intangibles - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Goodwill [Line Items]
Goodwill	$ 705,769		$ 705,217
Amortization of all other intangibles	4,900	$ 4,800
Storage Solutions
Goodwill [Line Items]
Goodwill	524,553		524,001
Storage Solutions | North America
Goodwill [Line Items]
Goodwill	470,861		468,400
Storage Solutions | United Kingdom
Goodwill [Line Items]
Goodwill	53,692		55,601
Tank & Pump Solutions Segment
Goodwill [Line Items]
Goodwill	$ 181,216		$ 181,216

Activity and Balances Relating

Activity and Balances Relating to Goodwill (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Balance at January 1, 2019	$ 705,217
Acquisition	2,328
Foreign currency	(1,776)
Balance at September 30, 2019	$ 705,769

Balances Related to Intangible

Balances Related to Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		$ 99,886	$ 100,609
Accumulated Amortization		(48,553)	(45,067)
Net Carrying Amount		51,333	55,542
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		92,869	92,751
Accumulated Amortization		(42,874)	(39,472)
Net Carrying Amount		49,995	53,279
Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life in Years	15 years
Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life in Years	20 years
Trade names/trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		5,200	5,913
Accumulated Amortization		(3,985)	(4,014)
Net Carrying Amount		1,215	1,899
Trade names/trademarks | Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life in Years	5 years
Trade names/trademarks | Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life in Years	7 years
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life in Years	5 years
Gross Carrying Amount		1,758	1,886
Accumulated Amortization		(1,660)	(1,549)
Net Carrying Amount		98	337
Other
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life in Years	20 years
Gross Carrying Amount		59	59
Accumulated Amortization		(34)	(32)
Net Carrying Amount		$ 25	$ 27

Schedule of Expected Future Amo

Schedule of Expected Future Amortization of Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Finite Lived Intangible Assets Future Amortization Expense [Abstract]
2019 (remaining)	$ 1,638
2020	5,395
2021	5,126
2022	4,795
2023	4,207
Thereafter	30,172
Net Carrying Amount	$ 51,333	$ 55,542

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	Mar. 22, 2019	Sep. 30, 2019	Dec. 31, 2018	May 09, 2016
Debt Instrument [Line Items]
Obligations under finance leases		$ 67,648,000	$ 63,359,000
LIBOR Loans
Debt Instrument [Line Items]
Revolving credit facility, margin rate		1.50%
Base Rate Loans
Debt Instrument [Line Items]
Revolving credit facility, margin rate		0.50%
Maximum | LIBOR Loans
Debt Instrument [Line Items]
Revolving credit facility, margin rate		1.75%
Maximum | Base Rate Loans
Debt Instrument [Line Items]
Revolving credit facility, margin rate		0.75%
Minimum | LIBOR Loans
Debt Instrument [Line Items]
Revolving credit facility, margin rate		1.25%
Minimum | Base Rate Loans
Debt Instrument [Line Items]
Revolving credit facility, margin rate		0.25%
Senior Notes 5.875 Percent Due 2024
Debt Instrument [Line Items]
Senior notes, face amount		$ 250,000,000		$ 250,000,000
Senior notes, interest rate		5.875%
Senior notes, maturity date		Jul. 1, 2024
Senior notes, interest payment term		Interest on the 2024 Notes is payable semiannually in arrears on January 1 and July 1.
Second Amended and Restated $1 billion ABL Credit Agreement
Debt Instrument [Line Items]
Credit Agreement, initiation date	Mar. 22, 2019
Credit Agreement, term		5 years
Unused line fee percentage in respect of unutilized commitments		0.225%
Credit Agreement, interest rate terms		Loans made under the U.S. Subfacility bear interest at a rate equal to, at Mobile Mini’s option, either (a) the London interbank offered rate (“LIBOR”) plus an applicable margin (“LIBOR Loans”) or (b) the prime rate plus an applicable margin (“Base Rate Loans”).  With some exceptions, Mobile Mini may freely convert LIBOR Loans to Base Rate Loans and vice versa.  Loans made under the U.K. Subfacility denominated in British Pounds bear interest at a rate equal to LIBOR plus an applicable margin and loans denominated in Euros bear interest at a rate equal to the Euro interbank offered rate (“EURIBOR”) plus an applicable margin.  Loans made under the Canadian Subfacility bear interest at a rate equal to, at Mobile Mini’s option, either (i) the Canadian prime rate plus an applicable margin (“Canadian Prime Rate Loans”) or (ii) the Canadian Dollar bankers’ acceptance rate (“B/A Rate”) plus an applicable margin (“Canadian LIBOR Loans”).  With some exceptions, Mobile Mini may freely convert Canadian Prime Rate Loans to Canadian LIBOR Loans and vice versa.
Minimum fixed charges coverage ratio		100.00%
Line of credit, specified excess borrowing availability for financial maintenance covenants to be applicable		$ 90,000,000
Applicable percentage of revolving loan commitment and aggregate borrowing base		10.00%
Line of credit, covenant		The New Credit Agreement also contains covenants that require Mobile Mini to, among other things, periodically furnish financial and other information to the various lenders.  The New Credit Agreement contains customary negative covenants applicable to Mobile Mini and its subsidiaries, including negative covenants that restrict the ability of such entities to, among other things, (i) allow certain liens to attach to Mobile Mini or subsidiary assets, (ii) repurchase or pay dividends or make certain other restricted payments on capital stock and certain other securities, or prepay certain indebtedness, (iii) incur additional indebtedness or engage in certain other types of financing transactions, and (iv) make acquisitions or other investments.  In addition, Mobile Mini must comply with a minimum fixed charge coverage ratio of 1.00 to 1.00 as of the last day of each quarter, upon specified excess availability under the New Credit Agreement falling below the greater of (y) $90 million and (z) 10% of the lesser of the then total revolving loan commitment and aggregate borrowing base.
Second Amended and Restated $1 billion ABL Credit Agreement | First Lien Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Credit Agreement, borrowing capacity	$ 1,000,000,000
Credit Agreement, maturity date		Mar. 22, 2024
Second Amended and Restated $1 billion ABL Credit Agreement | First Lien Senior Secured Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Credit Agreement, increase in additional commitments	500,000,000
Second Amended and Restated $1 billion ABL Credit Agreement | U.S. Lenders | Standby Letters of Credit
Debt Instrument [Line Items]
Credit Agreement, borrowing capacity	50,000,000
Second Amended and Restated $1 billion ABL Credit Agreement | U.K. Based Lenders | Standby Letters of Credit
Debt Instrument [Line Items]
Credit Agreement, borrowing capacity	20,000,000
Second Amended and Restated $1 billion ABL Credit Agreement | Canadian Based Lenders | Standby Letters of Credit
Debt Instrument [Line Items]
Credit Agreement, borrowing capacity	$ 20,000,000

Scheduled Maturity for Debt Obl

Scheduled Maturity for Debt Obligations (Detail) $ in Thousands	Sep. 30, 2019USD ($)
Debt Instrument [Line Items]
2019 (remaining)	$ 2,986
2020	12,818
2021	12,725
2022	11,676
2023	10,242
Thereafter	851,201
Total	901,648
Lines of Credit
Debt Instrument [Line Items]
Thereafter	584,000
Total	584,000
Senior Notes
Debt Instrument [Line Items]
Thereafter	250,000
Total	250,000
Finance Lease Obligations
Debt Instrument [Line Items]
2019 (remaining)	2,986
2020	12,818
2021	12,725
2022	11,676
2023	10,242
Thereafter	17,201
Total	$ 67,648

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Leases [Abstract]
Leases, option to extend	Many real estate leases include one or more options to renew.
Assets recorded under capital lease obligations		$ 90.3
Assets recorded under capital lease obligations, accumulated amortization		$ 35.7

Leases - Scheduled Maturity for

Leases - Scheduled Maturity for Lease Liabilities for Balances Outstanding (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Operating Leases
2019 (remaining)	$ 6,092
2019		$ 18,827
2020	20,251	15,510
2021	17,324	13,324
2022	15,274	12,205
2023	12,955	10,402
Thereafter	40,794	33,440
Total liabilities	112,690	103,708
Less: interest	(15,407)
Operating lease liabilities	97,283
Finance Leases
2019 (remaining)	3,430
2019		12,055
2020	14,419	12,869
2021	13,983	12,434
2022	12,610	11,060
2023	10,880	9,331
Thereafter	17,920	11,029
Total liabilities	73,242	68,778
Less: interest	(5,594)	(5,419)
Present value of lease liabilities	$ 67,648	$ 63,359

Leases - Scheduled Maturity f_2

Leases - Scheduled Maturity for Lease Payments (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Operating Leases
2019		$ 18,827
2020	$ 20,251	15,510
2021	17,324	13,324
2022	15,274	12,205
2023	12,955	10,402
Thereafter	40,794	33,440
Total liabilities	112,690	103,708
Finance Leases
2019		12,055
2020	14,419	12,869
2021	13,983	12,434
2022	12,610	11,060
2023	10,880	9,331
Thereafter	17,920	11,029
Total liabilities	73,242	68,778
Less: interest	(5,594)	(5,419)
Present value of minimum lease payments	$ 67,648	$ 63,359

Leases - Summary of Lease Activ

Leases - Summary of Lease Activity (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Finance lease expense:
Amortization of finance lease assets	$ 3,531	$ 10,254
Interest on obligations under finance leases	424	1,246
Total finance lease expense	3,955	11,500
Operating lease expense:
Short-term lease expense	259	886
Fixed lease expense	5,574	16,487
Variable lease expense	766	2,316
Sublease income	(25)	(77)
Total operating lease expense	6,574	19,612
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	452	1,271
Operating cash flows from operating leases, fixed payments	5,409	16,215
Financing cash flows from finance leases	3,026	8,167	$ 6,683
Net assets obtained in exchange for new or modified finance lease liabilities	6,136	12,455	$ 15,746
Net operating lease assets obtained in exchange for new or modified operating lease liabilities	$ 3,368	$ 20,640

Leases - Summary of Weighted-Av

Leases - Summary of Weighted-Average Remaining Lease Terms and Discount Rates (Detail)	Sep. 30, 2019
Lease terms and discount rates:
Weighted-average remaining lease term - finance leases (in years)	4 years 3 months 18 days
Weighted-average remaining lease term - operating leases (in years)	7 years 2 months 12 days
Weighted average discount rate - finance leases	2.70%
Weighted average discount rate - operating leases	3.40%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Income Tax Contingency [Line Items]
Tax year subject to tax examination for U.S. Federal return		As of September 30, 2019, we are no longer subject to examination by U.S. federal tax authorities for years prior to 2015, to examination for any U.S. state taxing authority prior to 2013, or to examination for any foreign jurisdictions prior to 2014. All subsequent periods remain open to examination.
Deferred tax liability		$ 0
Effective income tax rate, percent		26.60%	33.40%
Non-deductible stock compensation		$ 3,600
Offset amount by federal tax benefit		700
Asset impairment charge and loss on divestiture	$ 98,278		$ 98,278	$ 102,140
Benefit recognized from reduction of tax expense due to reform of enacted tax rate			$ 2,900
Pre-tax loss recognized		33,500
Unrecognized excess tax benefits		$ 493
Minimum
Income Tax Contingency [Line Items]
Step two threshold to quantify uncertain tax position		50.00%

Summary of Reconciliation of Un

Summary of Reconciliation of Unrecognized Tax Benefits (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Income Tax Disclosure [Abstract]
Additions based on tax positions related to prior years	$ 493
Ending balance	$ 493

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share available for future grants	1,200,000		1,200,000
Stock options contractual terms			10 years
Additional share-based compensation expense	$ 2,497	$ 2,230	$ 12,834	$ 7,866
Stock options issued			0	0
Aggregate intrinsic value of options exercised			$ 700
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional share-based compensation expense			$ 3,600
Performance Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-awards vesting period			3 years
Percentage of number of options vested			0.00%
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of number of options vested			200.00%
Unrecognized compensation cost	100		$ 100
Weighted average recognition period (years)			4 months 24 days
Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of number of options vested			200.00%
Unrecognized compensation cost	$ 9,200		$ 9,200
Weighted average recognition period (years)			1 year 6 months
Aggregated grant date fair value of restricted stock awards vested			$ 6,200
Aggregated vesting date fair value of restricted stock awards vested			$ 6,300
Minimum | Nonvested share-awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-awards vesting period			3 years
Minimum | Performance Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of number of options vested			50.00%
Maximum | Nonvested share-awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-awards vesting period			4 years
Maximum | Performance Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of number of options vested			200.00%

Summary of Share-Based Compensa

Summary of Share-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total share-based compensation	$ 2,497	$ 2,230	$ 12,834	$ 7,866
Rental Selling and General Expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total share-based compensation	$ 2,497	$ 2,230	$ 12,834	7,503
Restructuring expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total share-based compensation				$ 363

Stock Option Activity (Detail)

Stock Option Activity (Detail) - $ / shares shares in Thousands	9 Months Ended
	Sep. 30, 2019
Number of Shares
Options outstanding, beginning of period	2,954
Additional options awarded based upon achievement of specified performance criteria	227
Canceled/Expired	(49)
Exercised	(88)
Options outstanding, end of period	3,044
Weighted Average Exercise Price
Options outstanding, beginning of period	$ 32.71
Additional options awarded based upon achievement of specified performance criteria	29.54
Canceled/Expired	39.95
Exercised	26.36
Options outstanding, end of period	$ 32.54
Performance-Based Options
Number of Shares
Options outstanding, beginning of period	533
Additional options awarded based upon achievement of specified performance criteria	227
Canceled/Expired	(19)
Exercised	(45)
Options outstanding, end of period	696
Performance-Based Options | Vest Based Upon 2019 Performance Conditions
Number of Shares
Unvested target options	107
Service-Based Options
Number of Shares
Options outstanding, beginning of period	2,421
Canceled/Expired	(30)
Exercised	(43)
Options outstanding, end of period	2,348

Fully Vested Stock Options and

Fully Vested Stock Options and Stock Options Expected to Vest (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Number of Shares
Outstanding	3,044	2,954
Exercisable	2,936
Weighted Average Exercise Price
Outstanding	$ 32.54	$ 32.71
Exercisable	$ 32.54
Weighted Average Remaining Contractual Term (In years)
Outstanding	4 years 4 months 20 days
Exercisable	4 years 3 months 7 days
Aggregate Intrinsic Value
Outstanding	$ 15,621
Exercisable	$ 15,146

Restricted Stock Award Activity

Restricted Stock Award Activity (Detail) - Restricted stock awards shares in Thousands	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Shares
Restricted stock awards at beginning of period	327
Awarded	263
Additional shares awarded based upon achievement of specified performance criteria	31
Released	(175)
Forfeited	(24)
Restricted stock awards at end of period	422
Weighted Average Grant Date Fair Value
Restricted stock awards at beginning of period | $ / shares	$ 35.06
Awarded | $ / shares	36.41
Additional shares awarded based upon achievement of specified performance criteria | $ / shares	36.41
Released | $ / shares	35.24
Forfeited | $ / shares	35.97
Restricted stock awards at end of period | $ / shares	$ 35.99
Performance-Based Awards
Shares
Restricted stock awards at beginning of period	94
Awarded	113
Additional shares awarded based upon achievement of specified performance criteria	31
Released	(62)
Forfeited	(9)
Restricted stock awards at end of period	167
Performance-Based Awards | Vest Based Upon 2019 Performance Conditions
Shares
Restricted target stock awards	65
Performance-Based Awards | Vest Based Upon 2020 Performance Conditions
Shares
Restricted target stock awards	65
Performance-Based Awards | Vest Based Upon 2021 Performance Conditions
Shares
Restricted target stock awards	37
Service-Based Awards
Shares
Restricted stock awards at beginning of period	233
Awarded	150
Released	(113)
Forfeited	(15)
Restricted stock awards at end of period	255

Restructuring - Additional Info

Restructuring - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 0	$ 1,306	$ 2,006
Corporate Service Center, Severance
Restructuring Cost and Reserve [Line Items]
Restructuring expenses		$ 900

Accrued Restructuring Obligatio

Accrued Restructuring Obligations and Related Activity (Detail) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
Accrued obligations, beginning balance	$ 503	$ 757	$ 757
Restructuring expense	0	1,306	2,006
Settlement of obligations	(370)		(2,260)
Accrued obligations, ending balance	133		503
Severance and Benefits
Restructuring Cost and Reserve [Line Items]
Accrued obligations, beginning balance	404	539	539
Restructuring expense		948	1,338
Settlement of obligations	(271)		(1,473)
Accrued obligations, ending balance	133		404
Lease Abandonment Costs
Restructuring Cost and Reserve [Line Items]
Accrued obligations, beginning balance	86	182	182
Restructuring expense		125	482
Settlement of obligations	(86)		(578)
Accrued obligations, ending balance			86
Other Costs
Restructuring Cost and Reserve [Line Items]
Accrued obligations, beginning balance	13	36	36
Restructuring expense		$ 233	186
Settlement of obligations	$ (13)		(209)
Accrued obligations, ending balance			$ 13

Restructuring Expenses (Detail)

Restructuring Expenses (Detail) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 0	$ 1,306	$ 2,006
Severance and Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring expenses		948	1,338
Lease Abandonment Costs
Restructuring Cost and Reserve [Line Items]
Restructuring expenses		125	482
Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring expenses		$ 233	$ 186

Schedule of Dividends Authorize

Schedule of Dividends Authorized and Declared Cash Dividends to Common Stockholders (Detail) - $ / shares	9 Months Ended
	Sep. 30, 2019	Jul. 24, 2019	Apr. 18, 2019	Jan. 30, 2019
Installment First Quarter Of Fiscal Year
Dividends Payable [Line Items]
Declaration Date	Jan. 30, 2019
Payment Date	Mar. 13, 2019
Record Date (close of business)	Feb. 27, 2019
Dividend Amount Per Share of Common Stock				$ 0.275
Installment Second Quarter Of Fiscal Year
Dividends Payable [Line Items]
Declaration Date	Apr. 18, 2019
Payment Date	May 29, 2019
Record Date (close of business)	May 15, 2019
Dividend Amount Per Share of Common Stock			$ 0.275
Installment Third Quarter Of Fiscal Year
Dividends Payable [Line Items]
Declaration Date	Jul. 24, 2019
Payment Date	Aug. 28, 2019
Record Date (close of business)	Aug. 14, 2019
Dividend Amount Per Share of Common Stock		$ 0.275

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Apr. 17, 2015	Nov. 06, 2013
Equity, Class of Treasury Stock [Line Items]
Share repurchase program authorized amount			$ 175,000,000	$ 125,000,000
Share repurchase program additional authorized amount			$ 50,000,000
Treasury stock value	$ 29,545,000	$ 668,000
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Treasury stock shares acquired	902,000
Treasury stock available for repurchase	$ 42,400,000
Treasury stock value	$ 28,400,000
Treasury stock shares acquired average price	$ 31.53
Minimum tax withholding obligations
Equity, Class of Treasury Stock [Line Items]
Treasury stock shares acquired	31,000
Treasury stock value	$ 1,100,000

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)Segment	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | Segment			3
Revenues	$ 153,517	$ 149,707	$ 453,359	$ 432,360
Assets	2,093,187		2,093,187		$ 2,005,064
United States
Segment Reporting Information [Line Items]
Revenues	132,000	$ 125,800	388,400	$ 362,000
Assets	$ 1,500,000		$ 1,500,000		$ 1,500,000

Segment Reporting (Detail)

Segment Reporting (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenues:
Revenues	$ 153,517	$ 149,707	$ 453,359	$ 432,360
Costs and expenses:
Restructuring expenses			0	1,306	$ 2,006
Asset impairment charge and loss on divestiture, net		98,278		98,278	$ 102,140
Depreciation and amortization	17,490	16,191	52,960	50,206
Total costs and expenses	113,727	211,003	346,812	435,748
Income (loss) from operations	39,790	(61,296)	106,547	(3,388)
Interest expense, net of interest income	10,381	10,487	31,733	30,173
Income tax (benefit) provision	6,821	(19,594)	19,794	(11,182)
Capital expenditures for additions to rental fleet, excluding acquisitions	14,850	27,144	61,247	65,620
Storage Solutions
Revenues:
Revenues	123,334	120,375	359,280	347,477
Costs and expenses:
Restructuring expenses				1,306
Asset impairment charge and loss on divestiture, net		96,092		96,092
Depreciation and amortization	10,576	9,758	32,237	31,398
Total costs and expenses	86,977	182,197	264,407	355,739
Income (loss) from operations	36,357	(61,822)	94,873	(8,262)
Interest expense, net of interest income	7,702	7,789	23,676	22,074
Income tax (benefit) provision	6,677	(17,153)	18,792	(7,607)
Capital expenditures for additions to rental fleet, excluding acquisitions	12,653	19,533	42,771	45,205
Storage Solutions | North America
Revenues:
Revenues	102,835	97,344	296,901	279,676
Costs and expenses:
Restructuring expenses				1,306
Asset impairment charge and loss on divestiture, net		87,658		87,658
Depreciation and amortization	8,863	7,892	26,974	25,349
Total costs and expenses	71,497	156,390	215,692	294,896
Income (loss) from operations	31,338	(59,046)	81,209	(15,220)
Interest expense, net of interest income	7,588	7,589	23,300	21,443
Income tax (benefit) provision	5,739	(16,699)	16,262	(8,876)
Capital expenditures for additions to rental fleet, excluding acquisitions	11,107	18,290	39,114	39,400
Storage Solutions | United Kingdom
Revenues:
Revenues	20,499	23,031	62,379	67,801
Costs and expenses:
Asset impairment charge and loss on divestiture, net		8,434		8,434
Depreciation and amortization	1,713	1,866	5,263	6,049
Total costs and expenses	15,480	25,807	48,715	60,843
Income (loss) from operations	5,019	(2,776)	13,664	6,958
Interest expense, net of interest income	114	200	376	631
Income tax (benefit) provision	938	(454)	2,530	1,269
Capital expenditures for additions to rental fleet, excluding acquisitions	1,546	1,243	3,657	5,805
Tank & Pump Solutions Segment
Revenues:
Revenues	30,183	29,332	94,079	84,883
Costs and expenses:
Asset impairment charge and loss on divestiture, net		2,186		2,186
Depreciation and amortization	6,914	6,433	20,723	18,808
Total costs and expenses	26,750	28,806	82,405	80,009
Income (loss) from operations	3,433	526	11,674	4,874
Interest expense, net of interest income	2,679	2,698	8,057	8,099
Income tax (benefit) provision	144	(2,441)	1,002	(3,575)
Capital expenditures for additions to rental fleet, excluding acquisitions	2,197	7,611	18,476	20,415
Rental
Revenues:
Revenues	145,519	140,924	429,597	406,149
Rental | Storage Solutions
Revenues:
Revenues	116,820	112,639	339,930	325,293
Rental | Storage Solutions | North America
Revenues:
Revenues	98,034	92,241	283,006	264,227
Rental | Storage Solutions | United Kingdom
Revenues:
Revenues	18,786	20,398	56,924	61,066
Rental | Tank & Pump Solutions Segment
Revenues:
Revenues	28,699	28,285	89,667	80,856
Sales
Revenues:
Revenues	7,887	8,716	23,245	25,700
Costs and expenses:
Cost of sales	4,838	5,770	14,484	16,925
Sales | Storage Solutions
Revenues:
Revenues	6,439	7,696	18,987	21,785
Costs and expenses:
Cost of sales	4,048	5,226	12,134	14,695
Sales | Storage Solutions | North America
Revenues:
Revenues	4,725	5,103	13,532	15,211
Costs and expenses:
Cost of sales	2,672	3,178	7,863	9,401
Sales | Storage Solutions | United Kingdom
Revenues:
Revenues	1,714	2,593	5,455	6,574
Costs and expenses:
Cost of sales	1,376	2,048	4,271	5,294
Sales | Tank & Pump Solutions Segment
Revenues:
Revenues	1,448	1,020	4,258	3,915
Costs and expenses:
Cost of sales	790	544	2,350	2,230
Other
Revenues:
Revenues	111	67	517	511
Other | Storage Solutions
Revenues:
Revenues	75	40	363	399
Other | Storage Solutions | North America
Revenues:
Revenues	76		363	238
Other | Storage Solutions | United Kingdom
Revenues:
Revenues	(1)	40		161
Other | Tank & Pump Solutions Segment
Revenues:
Revenues	36	27	154	112
Rental Selling and General Expenses
Costs and expenses:
Cost of sales	91,399	90,764	279,368	269,033
Rental Selling and General Expenses | Storage Solutions
Costs and expenses:
Cost of sales	72,353	71,121	220,036	212,248
Rental Selling and General Expenses | Storage Solutions | North America
Costs and expenses:
Cost of sales	59,962	57,662	180,855	171,182
Rental Selling and General Expenses | Storage Solutions | United Kingdom
Costs and expenses:
Cost of sales	12,391	13,459	39,181	41,066
Rental Selling and General Expenses | Tank & Pump Solutions Segment
Costs and expenses:
Cost of sales	$ 19,046	$ 19,643	$ 59,332	$ 56,785

Assets Segments (Detail)

Assets Segments (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Goodwill	$ 705,769	$ 705,217
Intangibles, net	51,333	55,542
Rental fleet, net	953,331	929,090
Storage Solutions
Revenues from External Customers and Long-Lived Assets [Line Items]
Goodwill	524,553	524,001
Intangibles, net	1,495	1,200
Rental fleet, net	819,421	798,095
Storage Solutions | North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Goodwill	470,861	468,400
Intangibles, net	1,234	859
Rental fleet, net	683,992	657,459
Storage Solutions | United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Goodwill	53,692	55,601
Intangibles, net	261	341
Rental fleet, net	135,429	140,636
Tank & Pump Solutions Segment
Revenues from External Customers and Long-Lived Assets [Line Items]
Goodwill	181,216	181,216
Intangibles, net	49,838	54,342
Rental fleet, net	$ 133,910	$ 130,995

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - $ / shares	Oct. 29, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Subsequent Event [Line Items]
Dividend declared		$ 0.28	$ 0.25	$ 0.83	$ 0.75
Subsequent Event
Subsequent Event [Line Items]
Dividend declared date	Oct. 29, 2019
Dividend declared	$ 0.275
Dividend payable date	Nov. 27, 2019
Closing date of stockholders on record for dividend entitlement	Nov. 13, 2019

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information - Additional Information (Detail)	Sep. 30, 2019
Equity Method Investments And Joint Ventures [Abstract]
Percentage of ownership owned	100.00%

Condensed Consolidating Balance

Condensed Consolidating Balance Sheets (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 7,295			$ 5,605
Receivables, net	106,847			130,233
Inventories	9,835			11,725
Rental fleet, net	953,331			929,090
Property, plant and equipment, net	150,479			154,254
Operating lease assets	95,489
Other assets	12,809			13,398
Intangibles, net	51,333			55,542
Goodwill	705,769			705,217
Total assets	2,093,187			2,005,064
Liabilities:
Accounts payable	30,167			33,177
Accrued liabilities	74,331			88,136
Operating lease liabilities	97,283
Lines of credit	584,000			593,495
Obligations under finance leases	67,648			63,359
Senior notes, net	246,967			246,489
Deferred income taxes	186,116			170,139
Total liabilities	1,286,512			1,194,795
Commitments and contingencies	0			0
Stockholders' equity:
Common stock	503			500
Additional paid-in capital	634,994			619,850
Retained earnings	428,398			410,641
Accumulated other comprehensive loss	(79,814)			(72,861)
Treasury stock, at cost	(177,406)			(147,861)
Total stockholders' equity	806,675	$ 818,648	$ 825,157	810,269	$ 809,688	$ 872,473	$ 877,335	$ 861,688
Total liabilities and stockholders' equity	2,093,187			2,005,064
Eliminations
ASSETS
Intercompany receivables	(177,924)			(183,260)
Total assets	(177,924)			(183,260)
Liabilities:
Intercompany payables	(29,925)			(35,261)
Total liabilities	(29,925)			(35,261)
Commitments and contingencies	0			0
Stockholders' equity:
Additional paid-in capital	(147,999)			(147,999)
Total stockholders' equity	(147,999)			(147,999)
Total liabilities and stockholders' equity	(177,924)			(183,260)
Guarantors
ASSETS
Cash and cash equivalents	4,897			1,483
Receivables, net	92,338			114,702
Inventories	7,925			9,811
Rental fleet, net	810,423			781,588
Property, plant and equipment, net	127,187			130,351
Operating lease assets	73,179
Other assets	11,030			11,341
Intangibles, net	51,063			55,189
Goodwill	647,456			645,126
Intercompany receivables	145,942			148,811
Total assets	1,971,440			1,898,402
Liabilities:
Accounts payable	23,182			27,271
Accrued liabilities	66,051			79,537
Operating lease liabilities	75,691
Lines of credit	584,000			589,310
Obligations under finance leases	67,567			63,253
Senior notes, net	246,967			246,489
Deferred income taxes	167,779			151,758
Intercompany payables	29,703			29,586
Total liabilities	1,260,940			1,187,204
Commitments and contingencies	0			0
Stockholders' equity:
Common stock	503			500
Additional paid-in capital	634,994			619,850
Retained earnings	252,409			238,709
Treasury stock, at cost	(177,406)			(147,861)
Total stockholders' equity	710,500			711,198
Total liabilities and stockholders' equity	1,971,440			1,898,402
Non-Guarantors
ASSETS
Cash and cash equivalents	2,398			4,122
Receivables, net	14,509			15,531
Inventories	1,910			1,914
Rental fleet, net	142,908			147,502
Property, plant and equipment, net	23,292			23,903
Operating lease assets	22,310
Other assets	1,779			2,057
Intangibles, net	270			353
Goodwill	58,313			60,091
Intercompany receivables	31,982			34,449
Total assets	299,671			289,922
Liabilities:
Accounts payable	6,985			5,906
Accrued liabilities	8,280			8,599
Operating lease liabilities	21,592
Lines of credit				4,185
Obligations under finance leases	81			106
Deferred income taxes	18,337			18,381
Intercompany payables	222			5,675
Total liabilities	55,497			42,852
Commitments and contingencies	0			0
Stockholders' equity:
Additional paid-in capital	147,999			147,999
Retained earnings	175,989			171,932
Accumulated other comprehensive loss	(79,814)			(72,861)
Total stockholders' equity	244,174			247,070
Total liabilities and stockholders' equity	$ 299,671			$ 289,922

Condensed Consolidating Stateme

Condensed Consolidating Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended		12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenues:
Revenues	$ 153,517			$ 149,707			$ 453,359	$ 432,360
Costs and expenses:
Restructuring expenses							0	1,306	$ 2,006
Asset impairment charge and loss on divestiture, net				98,278				98,278	$ 102,140
Depreciation and amortization	17,490			16,191			52,960	50,206
Total costs and expenses	113,727			211,003			346,812	435,748
Income (loss) from operations	39,790			(61,296)			106,547	(3,388)
Other income (expense):
Interest income	12						12	6
Interest expense	(10,393)			(10,487)			(31,745)	(30,179)
Deferred financing costs write-off							(123)
Foreign currency exchange	(13)			24			(179)	69
Income (loss) before income tax provision (benefit)	29,396			(71,759)			74,512	(33,492)
Income tax provision (benefit)	6,821			(19,594)			19,794	(11,182)
Net income (loss)	22,575	$ 14,058	$ 18,085	(52,165)	$ 15,000	$ 14,855	54,718	(22,310)
Eliminations
Other income (expense):
Dividend income	(4,963)						(4,963)	(8,983)
Income (loss) before income tax provision (benefit)	(4,963)						(4,963)	(8,983)
Net income (loss)	(4,963)						(4,963)	(8,983)
Guarantors
Revenues:
Revenues	132,026			125,785			388,396	361,989
Costs and expenses:
Restructuring expenses								1,306
Asset impairment charge and loss on divestiture, net				88,822				88,822
Depreciation and amortization	15,700			14,241			47,456	43,902
Total costs and expenses	97,435			183,266			295,778	371,322
Income (loss) from operations	34,591			(57,481)			92,618	(9,333)
Other income (expense):
Interest income	12						12	3
Interest expense	(10,278)			(10,287)			(31,369)	(29,545)
Deferred financing costs write-off							(123)
Dividend income	4,963						4,963	8,983
Foreign currency exchange	(42)						(192)	48
Income (loss) before income tax provision (benefit)	29,246			(67,768)			65,909	(29,844)
Income tax provision (benefit)	5,837			(18,864)			17,194	(12,152)
Net income (loss)	23,409			(48,904)			48,715	(17,692)
Non-Guarantors
Revenues:
Revenues	21,491			23,922			64,963	70,371
Costs and expenses:
Asset impairment charge and loss on divestiture, net				9,456				9,456
Depreciation and amortization	1,790			1,950			5,504	6,304
Total costs and expenses	16,292			27,737			51,034	64,426
Income (loss) from operations	5,199			(3,815)			13,929	5,945
Other income (expense):
Interest income								3
Interest expense	(115)			(200)			(376)	(634)
Foreign currency exchange	29			24			13	21
Income (loss) before income tax provision (benefit)	5,113			(3,991)			13,566	5,335
Income tax provision (benefit)	984			(730)			2,600	970
Net income (loss)	4,129			(3,261)			10,966	4,365
Rental
Revenues:
Revenues	145,519			140,924			429,597	406,149
Rental | Guarantors
Revenues:
Revenues	125,807			119,697			370,257	342,783
Rental | Non-Guarantors
Revenues:
Revenues	19,712			21,227			59,340	63,366
Sales
Revenues:
Revenues	7,887			8,716			23,245	25,700
Costs and expenses:
Cost of sales	4,838			5,770			14,484	16,925
Sales | Guarantors
Revenues:
Revenues	6,108			6,063			17,623	18,864
Costs and expenses:
Cost of sales	3,422			3,681			10,109	11,448
Sales | Non-Guarantors
Revenues:
Revenues	1,779			2,653			5,622	6,836
Costs and expenses:
Cost of sales	1,416			2,089			4,375	5,477
Other
Revenues:
Revenues	111			67			517	511
Other | Guarantors
Revenues:
Revenues	111			25			516	342
Other | Non-Guarantors
Revenues:
Revenues				42			1	169
Rental Selling and General Expenses
Costs and expenses:
Cost of sales	91,399			90,764			279,368	269,033
Rental Selling and General Expenses | Guarantors
Costs and expenses:
Cost of sales	78,313			76,522			238,213	225,844
Rental Selling and General Expenses | Non-Guarantors
Costs and expenses:
Cost of sales	$ 13,086			$ 14,242			$ 41,155	$ 43,189

Condensed Consolidating State_2

Condensed Consolidating Statements of Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	$ 22,575	$ 14,058	$ 18,085	$ (52,165)	$ 15,000	$ 14,855	$ 54,718	$ (22,310)
Foreign currency translation adjustment	(6,822)			(2,696)			(6,953)	(7,053)
Comprehensive income (loss)	15,753			(54,861)			47,765	(29,363)
Eliminations
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	(4,963)						(4,963)	(8,983)
Comprehensive income (loss)	(4,963)						(4,963)	(8,983)
Guarantors
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	23,409			(48,904)			48,715	(17,692)
Comprehensive income (loss)	23,409			(48,904)			48,715	(17,692)
Non-Guarantors
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	4,129			(3,261)			10,966	4,365
Foreign currency translation adjustment	(6,822)			(2,696)			(6,953)	(7,053)
Comprehensive income (loss)	$ (2,693)			$ (5,957)			$ 4,013	$ (2,688)

Condensed Consolidating State_3

Condensed Consolidating Statements of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Cash flows from operating activities:
Net (loss) income			$ 54,718	$ (22,310)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Deferred financing costs write-off			123
Asset impairment charge and loss on divestiture, net		$ 98,278		98,278	$ 102,140
Provision for doubtful accounts			4,235	1,980
Amortization of deferred financing costs			1,383	1,545
Amortization of long-term liabilities			13	109
Share-based compensation expense	$ 2,497	2,230	12,834	7,866
Depreciation and amortization	17,490	16,191	52,960	50,206
Gain on sale of rental fleet			(4,610)	(4,523)
Loss on disposal of property, plant and equipment			46	548
Deferred income taxes			15,855	(12,891)
Foreign currency exchange			179	(69)
Changes in certain assets and liabilities, net of effect of businesses acquired:
Receivables			18,735	(9,029)
Inventories			1,822	(922)
Other assets			1,349	1,875
Accounts payable			2,669	3,217
Accrued liabilities			(10,412)	340
Net cash provided by operating activities			151,899	116,220
Cash flows from investing activities:
Proceeds from sale of assets held for sale				3,508
Cash paid for business acquired, net of cash acquired			(4,878)
Additions to rental fleet, excluding acquisitions	(14,850)	(27,144)	(61,247)	(65,620)
Proceeds from sale of rental fleet			10,782	11,447
Additions to property, plant and equipment, excluding acquisitions			(9,917)	(14,635)
Proceeds from sale of property, plant and equipment			448	603
Net cash used in investing activities			(64,812)	(64,697)
Cash flows from financing activities:
Net repayments under lines of credit			(9,494)	(24,062)
Deferred financing costs			(3,491)
Principal payments on finance lease obligations	(3,026)		(8,167)	(6,683)
Issuance of common stock			2,314	3,617
Dividend payments			(36,864)	(33,312)
Purchase of treasury stock			(29,545)	(668)
Net cash used in financing activities			(85,247)	(61,108)
Effect of exchange rate changes on cash			(150)	1,069
Net increase (decrease) in cash			1,690	(8,516)
Cash and cash equivalents at beginning of period			5,605	13,451	13,451
Cash and cash equivalents at end of period	7,295	4,935	7,295	4,935	5,605
Eliminations
Cash flows from operating activities:
Net (loss) income			(4,963)	(8,983)
Changes in certain assets and liabilities, net of effect of businesses acquired:
Net cash provided by operating activities			(4,963)	(8,983)
Cash flows from financing activities:
Intercompany			4,963	8,983
Net cash used in financing activities			4,963	8,983
Guarantors
Cash flows from operating activities:
Net (loss) income			48,715	(17,692)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Deferred financing costs write-off			123
Asset impairment charge and loss on divestiture, net		88,822		88,822
Provision for doubtful accounts			3,881	1,884
Amortization of deferred financing costs			1,383	1,545
Amortization of long-term liabilities			13	109
Share-based compensation expense			12,616	7,704
Depreciation and amortization	15,700	14,241	47,456	43,902
Gain on sale of rental fleet			(4,026)	(3,949)
Loss on disposal of property, plant and equipment			18	525
Deferred income taxes			15,340	(12,152)
Foreign currency exchange			192	(48)
Changes in certain assets and liabilities, net of effect of businesses acquired:
Receivables			18,519	(10,533)
Inventories			1,886	(605)
Other assets			2,075	2,233
Accounts payable			771	2,482
Accrued liabilities			(10,421)	(1,898)
Intercompany			5,748	26,039
Net cash provided by operating activities			144,289	128,368
Cash flows from investing activities:
Proceeds from sale of assets held for sale				3,416
Cash paid for business acquired, net of cash acquired			(4,878)
Additions to rental fleet, excluding acquisitions			(57,430)	(59,506)
Proceeds from sale of rental fleet			8,654	8,885
Additions to property, plant and equipment, excluding acquisitions			(6,586)	(8,923)
Proceeds from sale of property, plant and equipment			401	585
Net cash used in investing activities			(59,839)	(55,543)
Cash flows from financing activities:
Net repayments under lines of credit			(5,309)	(34,814)
Deferred financing costs			(3,491)
Principal payments on finance lease obligations			(8,141)	(6,656)
Issuance of common stock			2,314	3,617
Dividend payments			(36,864)	(33,312)
Purchase of treasury stock			(29,545)	(668)
Net cash used in financing activities			(81,036)	(71,833)
Net increase (decrease) in cash			3,414	992
Cash and cash equivalents at beginning of period			1,483	803	803
Cash and cash equivalents at end of period	4,897	1,795	4,897	1,795	1,483
Non-Guarantors
Cash flows from operating activities:
Net (loss) income			10,966	4,365
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Asset impairment charge and loss on divestiture, net		9,456		9,456
Provision for doubtful accounts			354	96
Share-based compensation expense			218	162
Depreciation and amortization	1,790	1,950	5,504	6,304
Gain on sale of rental fleet			(584)	(574)
Loss on disposal of property, plant and equipment			28	23
Deferred income taxes			515	(739)
Foreign currency exchange			(13)	(21)
Changes in certain assets and liabilities, net of effect of businesses acquired:
Receivables			216	1,504
Inventories			(64)	(317)
Other assets			(726)	(358)
Accounts payable			1,898	735
Accrued liabilities			9	2,238
Intercompany			(5,748)	(26,039)
Net cash provided by operating activities			12,573	(3,165)
Cash flows from investing activities:
Proceeds from sale of assets held for sale				92
Additions to rental fleet, excluding acquisitions			(3,817)	(6,114)
Proceeds from sale of rental fleet			2,128	2,562
Additions to property, plant and equipment, excluding acquisitions			(3,331)	(5,712)
Proceeds from sale of property, plant and equipment			47	18
Net cash used in investing activities			(4,973)	(9,154)
Cash flows from financing activities:
Net repayments under lines of credit			(4,185)	10,752
Principal payments on finance lease obligations			(26)	(27)
Intercompany			(4,963)	(8,983)
Net cash used in financing activities			(9,174)	1,742
Effect of exchange rate changes on cash			(150)	1,069
Net increase (decrease) in cash			(1,724)	(9,508)
Cash and cash equivalents at beginning of period			4,122	12,648	12,648
Cash and cash equivalents at end of period	$ 2,398	$ 3,140	$ 2,398	$ 3,140	$ 4,122