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Mcgrath Rentcorp MGRC Goodwill Additions
Goodwill Additions at other companies
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Where this comes from
Reported directly by Mcgrath Rentcorp in its filing.
Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.
The source filing: Mcgrath Rentcorp’s 10-Q, filed July 27, 2023.
- Filed
- Jul 27, 2023
- Fiscal quarter
- Q2 FY2023
- Calendar quarter
- Q2 2023
- Accession
- 0000950170-23-035123
| (dollar amounts in thousands) | Mobile Modular | Adler Tanks (Discontinued) | Total |
|---|---|---|---|
| Balance at December 31, 2021 | $106,491 | $25,902 | $132,393 |
| Changes to Design Space purchase accounting | (88) | — | (88) |
| Balance at December 31, 2022 | 106,403 | 25,902 | 132,305 |
| Goodwill acquired through business combination | 218,951 | — | 218,951 |
| Derecognition of goodwill divested | — | (25,902) | (25,902) |
| Balance at June 30, 2023 | $325,354 | — | $325,354 |
Item 1. Financial Statements
FAQ
- What is Mcgrath Rentcorp's goodwill additions?
- Mcgrath Rentcorp (MGRC) reported goodwill additions of $1.56M in Q2 2023.
- What does goodwill additions mean?
- Represents the value of goodwill recognized during the period as a result of business combinations and acquisitions. This metric indicates the company's inorganic growth strategy and the premium paid for acquired assets. It is a key indicator of capital allocation toward external expansion.
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